The research report titled “5G IoT Market Component (Solutions, Connectivity Services), Architecture (5G NR Standalone, 5G NR Non-standalone), Application (Autonomous Vehicles, Security & Surveillance), End User, and Geography - Global Forecasts to 2030”, provides in-depth analysis of 5G IoT market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2030.
The global 5G IoT market is expected to reach $17.68 billion by 2030, growing at a CAGR of 47.6% during the forecast period of 2023-2030.
The growth of this market is attributed to the growing significance of 5G IoT devices in smart city projects and the increasing demand for digital wearable devices. In addition, the high potential for 5G IoT in connected healthcare is expected to offer significant growth opportunities for the growth of this market. High costs for 5G IoT network installation and security & data privacy concerns are creating challenges for market growth.
Based on component, the market is segmented into solutions and connectivity services. In 2022, the solutions segment accounted for the larger share of the overall 5G IoT market. The proliferation of wireless technologies in industry operations is expected to drive market growth.
Based on device range, the market is segmented into short-range and wide/long-range. In 2022, the short-range segment accounted for the larger share of the overall 5G IoT market. The growth of the segment is attributed to the rising need for improving short-range connectivity and coverage rate.
Based on architecture, the market is segmented into 5G NR Standalone (SA) and 5G NR Non-standalone (NSA). In 2022, the 5G NR Non-standalone (NSA) segment is expected to account for the larger share of the overall 5G IoT market. The growth of this segment is attributed to the rising need for reliable communications and increasing delivery efficiency at a low cost.
Based on application, the market is segmented into autonomous vehicles, connected cars, industry 4.0, smart energy & utilities, smart farming, security & surveillance, smart healthcare, asset tracking, smart logistics & supply chains, smart consumer electronics, and other applications. In 2022, the security & surveillance segment is expected to account for the largest share of the overall 5G IoT market. Thus, the rising need to monitor multiple locations and facility conditions in real-time drives market growth.
Based on end user, the market is segmented into B2B end users (business-to-business) and B2C end users (business-to-consumer). In 2022, the B2B end-user segment is expected to account for the larger share of the overall 5G IoT market. The growth of this segment is attributed to the rising need for predicting performance to improve efficiency.
The key players operating in the global 5G IoT market are Telefonaktiebolaget LM Ericsson (Sweden), Nokia Corporation (Finland), Qualcomm Incorporated (U.S.), AT&T Inc. (U.S.), Vodafone Limited (U.K.), SK Telecom Co., Ltd. (South Korea), Samsung Electronics Co., Ltd. (South Korea), NEC Corporation (Japan), Telit (U.K.), Cisco Systems, Inc. (U.S.), Intel Corporation (U.S.), ZTE Corporation (China), IBM Corporation (U.S.), Thales Group (France), Sierra Wireless, Inc. (Canada), T‑Mobile US, Inc. (U.S.), Verizon Communications Inc. (U.S.), Juniper Networks Inc. (U.S.), and Huawei Technologies Co., Ltd. (China).
The global 5G IoT market is expected to reach $17.68 billion by 2030, growing at a CAGR of 47.6% during the forecast period of 2023-2030.
The growth of this market is attributed to the growing significance of 5G IoT devices in smart city projects and the increasing demand for digital wearable devices. In addition, the high potential for 5G IoT in connected healthcare is expected to offer significant growth opportunities for the growth of this market. High costs for 5G IoT network installation and security & data privacy concerns are creating challenges for market growth.
Based on component, the market is segmented into solutions and connectivity services. In 2022, the solutions segment accounted for the larger share of the overall 5G IoT market. The proliferation of wireless technologies in industry operations is expected to drive market growth.
Based on device range, the market is segmented into short-range and wide/long-range. In 2022, the short-range segment accounted for the larger share of the overall 5G IoT market. The growth of the segment is attributed to the rising need for improving short-range connectivity and coverage rate.
Based on architecture, the market is segmented into 5G NR Standalone (SA) and 5G NR Non-standalone (NSA). In 2022, the 5G NR Non-standalone (NSA) segment is expected to account for the larger share of the overall 5G IoT market. The growth of this segment is attributed to the rising need for reliable communications and increasing delivery efficiency at a low cost.
Based on application, the market is segmented into autonomous vehicles, connected cars, industry 4.0, smart energy & utilities, smart farming, security & surveillance, smart healthcare, asset tracking, smart logistics & supply chains, smart consumer electronics, and other applications. In 2022, the security & surveillance segment is expected to account for the largest share of the overall 5G IoT market. Thus, the rising need to monitor multiple locations and facility conditions in real-time drives market growth.
Based on end user, the market is segmented into B2B end users (business-to-business) and B2C end users (business-to-consumer). In 2022, the B2B end-user segment is expected to account for the larger share of the overall 5G IoT market. The growth of this segment is attributed to the rising need for predicting performance to improve efficiency.
Geographic Review:
Based on geography, the market is broadly segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Asia-Pacific accounted for the largest share of 46.7% of the global 5G IoT market. The large market share of this segment is attributed to the increasing investments in 5G IoT devices, rising deployments of 5G IoT solutions, and increasing collaborations for deploying smart solutions across the region. Additionally, this region is expected to register the highest CAGR during the forecast period.The key players operating in the global 5G IoT market are Telefonaktiebolaget LM Ericsson (Sweden), Nokia Corporation (Finland), Qualcomm Incorporated (U.S.), AT&T Inc. (U.S.), Vodafone Limited (U.K.), SK Telecom Co., Ltd. (South Korea), Samsung Electronics Co., Ltd. (South Korea), NEC Corporation (Japan), Telit (U.K.), Cisco Systems, Inc. (U.S.), Intel Corporation (U.S.), ZTE Corporation (China), IBM Corporation (U.S.), Thales Group (France), Sierra Wireless, Inc. (Canada), T‑Mobile US, Inc. (U.S.), Verizon Communications Inc. (U.S.), Juniper Networks Inc. (U.S.), and Huawei Technologies Co., Ltd. (China).
Key questions answered in the report:
- Which are the high-growth market segments in terms of component, device range, architecture, application, end user, and countries?
- What is the historical market for 5G IoT across the globe?
- What are the market forecasts and estimates from 2022-2029?
- What are the major drivers, restraints, and opportunities in the global 5G IoT market?
- Who are the major players in the global 5G IoT market, and what shares of the market do they hold?
- Who are the major players in various countries, and what shares of the market do they hold?
- How is the competitive landscape?
- What are the recent developments in the global 5G IoT market?
- What are the different strategies adopted by the major players in the global 5G IoT market?
- What are the geographical trends and high-growth countries?
- Who are the local emerging players in the global 5G IoT market and how do they compete with the other players?
Scope of the Report:
Market by Component
- Solutions
- Platforms
- Hardware
- Business Services
- Professional Services
- Managed Services
- Connectivity Services
Market by Device Range
- Short-range
- Wide/Long-range
Market by Architecture
- 5G NR Standalone (SA)
- 5G NR Non-Standalone (NSA)
Market by Application
- Autonomous Vehicles
- Connected Cars
- Industry 4.0
- Smart Energy & Utilities
- Smart Farming
- Smart Healthcare
- Security & Surveillance
- Smart Logistics & Supply Chains
- Smart Consumer Electronics
- Asset Tracking
- Other Applications
Market by End User
- B2B End Users
- Automotive
- Healthcare
- Agriculture
- Energy & Utilities
- Transportation & Logistics
- Government & Public Safety
- Food & Beverage
- Other B2B End Users
- B2C End Users
- Home Automation
- Building Automation
Market by Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Netherlands
- Switzerland
- Rest of Europe
- Asia-Pacific
- China
- South Korea
- India
- Japan
- Taiwan
- Singapore
- Australia & New Zealand
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- The Middle East and Africa
- Israel
- UAE
- Rest of MEA
Table of Contents
1. Introduction1.1 Market Definition
1.2 Market Ecosystem
1.3 Currency and Limitations
1.3.1 Currency
1.3.2 Limitations
1.4 Key Stakeholders
2. Research Methodology
2.1 Research Approach
2.2 Data Collection & Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.3 Market Assessment
2.3.1 Market Size Estimation
2.3.2 Bottom-up Approach
2.3.3 Top-down Approach
2.3.4 Growth forecast
2.4 Assumptions for the Study
3. Executive Summary
3.1 Overview
3.2 Market Analysis, by Component
3.3 Market Analysis, by Device Range
3.4 Market Analysis, by Architecture
3.5 Market Analysis, by Application
3.6 Market Analysis, by End User
3.7 Market Analysis, by Geography
3.8 Competitive Analysis
4. The Impact of COVID-19 on the 5G IoT Market
5. Market Insights
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Significance of 5G IoT Devices in Smart City Projects
5.2.1.2 Increasing Demand for Low-Latency IoT Devices for Industry 4.0
5.2.1.3 Increasing Demand for Digital Wearable Devices
5.2.2 Restraints
5.2.2.1 Global Availability of 5G Network
5.2.3 Opportunities
5.2.3.1 Use of 5G IoT in Self-Driving Vehicles
5.2.3.2 High Potential for 5G IoT in Connected Healthcare
5.2.4 Challenges
5.2.4.1 High Cost for 5G IoT Network Installation
5.2.4.2 Security and Data Privacy Concerns
5.2.5 Trends
5.2.5.1 Technology Trends
5.2.5.1.1 Growing Prevalence of Network Slicing
5.2.5.1.2 Strengthening of Edge Computing Application
5.2.5.1.3 Rapid Adoption of Cloud Computing Across SMEs
5.2.5.2 Market Trends
5.2.5.2.1 Use of IoT for Connected Transportation
5.2.5.2.2 Use of IoT-Enabled Security Solutions
5.3 Global 5G IoT Market Ecosystem Analysis
5.4 Regulatory Analysis
5.5 Technology Assessment
6. 5G IoT Market, by Component
6.1 Introduction
6.2 Solutions
6.2.1 Platforms
6.2.2 Hardware
6.2.3 Business Services
6.2.3.1 Professional Services
6.2.3.2 Managed Services
6.3 Connectivity Services
7. 5G IoT Market, by Device Range
7.1 Introduction
7.2 Short-range
7.3 Wide/Long-range
8. 5G IoT Market, by Architecture
8.1 Introduction
8.2 5G NR Standalone (SA)
8.3 5G NR Non-Standalone (NSA)
9. 5G IoT Market, by Application
9.1. Introduction
9.2. Autonomous Vehicles
9.3. Connected Cars
9.4. Industry 4.0
9.5. Smart Energy & Utilities
9.6. Smart Farming
9.7. Smart Healthcare
9.8. Security & Surveillance
9.9. Smart Logistics & Supply Chains
9.10. Smart Consumer Electronics
9.11. Asset Tracking
9.12. Other Applications
10. 5G IoT Market, by End User
10.1 Introduction
10.2 B2B End User
10.2.1 Automotive
10.2.2 Healthcare
10.2.3 Agriculture
10.2.4 Chemicals
10.2.5 Energy & Utilities
10.2.6 Transportations & Logistics
10.2.7 Government & Public Safety
10.2.8 Food & Beverage
10.2.9 Other B2B End Users
10.3 B2C End User
10.3.1 Home Automation
10.3.2 Building Automation
11. 5G IoT Market, by Geography
11.1 North America
11.1.1 U.S.
11.1.2 Canada
11.2 Europe
11.2.1 U.K.
11.2.2 Germany
11.2.3 France
11.2.4 Italy
11.2.5 Spain
11.2.6 Netherlands
11.2.7 Switzerland
11.2.8 Rest of Europe
11.3 Asia-Pacific
11.3.1 China
11.3.2 South Korea
11.3.3 India
11.3.4 Japan
11.3.5 Taiwan
11.3.6 Singapore
11.3.7 Australia & New Zealand
11.3.8 Rest of Asia-Pacific
11.4 Latin America
11.4.1 Brazil
11.4.2 Mexico
11.4.3 Rest of Latin America
11.5 Middle East & Africa
11.5.1. Israel
11.5.2. UAE
11.5.3. Rest of MEA
12. 5G IoT Market-Competitive Landscape
12.1 Introduction
12.2 Key Growth Strategies
12.3 Competitive Dashboard
12.3.1. Industry Leader
12.3.2. Market Differentiators
12.3.3. Vanguards
12.3.4. Contemporary Stalwarts
12.4 Vendor Market Positioning
12.5 Market Ranking, By Key Player
13. Company Profiles
13.1. Telefonaktiebolaget LM Ericsson
13.2. Nokia Corporation
13.3. Qualcomm Incorporated
13.4. AT&T Inc.
13.5. Vodafone Limited
13.6. SK Telecom Co., Ltd.
13.7. Samsung Electronics Co., Ltd.
13.8. NEC Corporation
13.9. Telit
13.10. Cisco Systems, Inc.
13.11. Intel Corporation
13.12. ZTE Corporation
13.13. IBM Corporation
13.14. Thales Group
13.15. Sierra Wireless, Inc.
13.16. T‑Mobile US, Inc.
13.17. Verizon Communications Inc.
13.18. Juniper Networks Inc.
13.19. Huawei Technologies Co., Ltd.
14. Appendix
14.1 Questionnaire
14.2 Customization
Companies Mentioned
- Telefonaktiebolaget LM Ericsson (Sweden)
- Nokia Corporation (Finland)
- Qualcomm Incorporated (U.S.)
- AT&T Inc. (U.S.)
- Vodafone Limited (U.K.)
- SK Telecom Co. Ltd. (South Korea)
- Samsung Electronics Co. Ltd. (South Korea)
- NEC Corporation (Japan)
- Telit (U.K.)
- Cisco Systems Inc. (U.S.)
- Intel Corporation (U.S.)
- ZTE Corporation (China)
- IBM Corporation (U.S.)
- Thales Group (France)
- Sierra Wireless Inc. (Canada)
- T‑Mobile US Inc. (U.S.)
- Verizon Communications Inc. (U.S.)
- Juniper Networks Inc. (U.S.)
- Huawei Technologies Co. Ltd. (China).
