The Asia Pacific 5G Internet of Things Market is expected to witness market growth of 70.0% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific 5G Internet of Things Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $52.49 billion by 2031. The Japan market is registering a CAGR of 68.9% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 71.2% during 2024-2031.
The adoption of Industrial 5G is accelerating as organizations recognize its potential to transform operations and drive competitive advantage. Manufacturing, logistics, and healthcare increasingly require real-time data processing and communication. Industrial 5G's ultra-low latency (as low as 1 millisecond) enables applications like autonomous vehicles and robotic systems to function effectively, driving adoption across sectors reliant on rapid decision-making.
The Internet of Things (IoT) expansion is a primary driver for the adoption of Industrial 5G. Companies are investing heavily in IoT devices that require seamless connectivity and high bandwidth, making Industrial 5G a critical enabler for smart factories and connected ecosystems. Industrial 5G supports edge computing, allowing data processing closer to the source rather than relying solely on centralized cloud computing. This reduces latency and bandwidth usage while enabling real-time analytics, empowering businesses to make quicker and more informed decisions based on actionable insights.
The demand for 5G IoT in Australia has been significantly influenced by the development of smart cities. The "Smart Cities and Suburbs Program" of the Australian government has provided funding for a variety of initiatives that integrate 5G and IoT solutions for urban development. According to the Department of Infrastructure, Transport, Regional Development, and Communications, cities like Melbourne and Sydney have implemented smart lighting, traffic management systems, and environmental monitoring using 5G connectivity. The introduction of 5G has allowed these cities to manage traffic flow in real-time, reducing congestion and improving public transport efficiency. Hence, the diverse applications of 5G IoT, ranging from smart city projects to industrial automation and connected devices, are helping the Asia-Pacific region position itself as a leader in adopting and developing next-generation IoT solutions, contributing significantly to market growth.
The China market dominated the Asia Pacific 5G Internet of Things Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $52.49 billion by 2031. The Japan market is registering a CAGR of 68.9% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 71.2% during 2024-2031.
The adoption of Industrial 5G is accelerating as organizations recognize its potential to transform operations and drive competitive advantage. Manufacturing, logistics, and healthcare increasingly require real-time data processing and communication. Industrial 5G's ultra-low latency (as low as 1 millisecond) enables applications like autonomous vehicles and robotic systems to function effectively, driving adoption across sectors reliant on rapid decision-making.
The Internet of Things (IoT) expansion is a primary driver for the adoption of Industrial 5G. Companies are investing heavily in IoT devices that require seamless connectivity and high bandwidth, making Industrial 5G a critical enabler for smart factories and connected ecosystems. Industrial 5G supports edge computing, allowing data processing closer to the source rather than relying solely on centralized cloud computing. This reduces latency and bandwidth usage while enabling real-time analytics, empowering businesses to make quicker and more informed decisions based on actionable insights.
The demand for 5G IoT in Australia has been significantly influenced by the development of smart cities. The "Smart Cities and Suburbs Program" of the Australian government has provided funding for a variety of initiatives that integrate 5G and IoT solutions for urban development. According to the Department of Infrastructure, Transport, Regional Development, and Communications, cities like Melbourne and Sydney have implemented smart lighting, traffic management systems, and environmental monitoring using 5G connectivity. The introduction of 5G has allowed these cities to manage traffic flow in real-time, reducing congestion and improving public transport efficiency. Hence, the diverse applications of 5G IoT, ranging from smart city projects to industrial automation and connected devices, are helping the Asia-Pacific region position itself as a leader in adopting and developing next-generation IoT solutions, contributing significantly to market growth.
List of Key Companies Profiled
- Nokia Corporation
- Ericsson AB
- ZTE Corporation
- IBM Corporation
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Verizon Communications, Inc.
- Microsoft Corporation
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Siemens AG
- Thales Group S.A.
Market Report Segmentation
By Offering- Solutions
- Hardware
- Software & Platform
- Services
- Large Enterprises
- Small & Medium Enterprises
- 5G Non-Standalone
- 5G Standalone
- Manufacturing
- Energy & Utilities
- Transportation & Logistics
- Healthcare
- Agriculture
- Government & Public Safety
- Others
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Asia Pacific 5G Internet of Things Market by Offering
Chapter 6. Asia Pacific 5G Internet of Things Market by Enterprise Size
Chapter 7. Asia Pacific 5G Internet of Things Market by Network Type
Chapter 8. Asia Pacific 5G Internet of Things Market by End User
Chapter 9. Asia Pacific 5G Internet of Things Market by Country
Chapter 10. Company Profiles
Companies Mentioned
Some of the key companies profiled in this Asia Pacific 5G Internet of Things Market include:- Nokia Corporation
- Ericsson AB
- ZTE Corporation
- IBM Corporation
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Verizon Communications, Inc.
- Microsoft Corporation
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Siemens AG
- Thales Group S.A.
Methodology
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