The Latin America, Middle East and Africa 5G Internet of Things Market is expected to witness market growth of 73.0% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA 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 $10.59 billion by 2031. The Argentina market is showcasing a CAGR of 74.4% during 2024-2031. Additionally, the UAE market would register a CAGR of 72.5% during 2024-2031.
Industrial 5G facilitates the simultaneous connection of many devices (sensors, machines, etc.). This capability is essential for industries like agriculture and smart cities, where thousands of sensors must communicate efficiently and reliably to enhance operational efficiency and resource management. The development of tailored Industrial 5G solutions for specific industries accelerates its adoption. Customized applications, such as remote monitoring in healthcare or predictive maintenance in manufacturing, demonstrate tangible benefits, encouraging wider adoption among industry stakeholders.
The industrial 5G market is evolving rapidly, influenced by several key trends. Companies increasingly focus on sustainability as a core component of their business strategies. The adoption of Industrial 5G is seen as a way to enhance energy efficiency and reduce waste, prompting companies to integrate eco-friendly practices into their operations and appeal to environmentally conscious consumers.
The LAMEA region is witnessing increasing demand for 5G Internet of Things (IoT) technologies, driven by government initiatives, infrastructure investments, and industry-specific programs. New opportunities for the agriculture, industrial automation, and smart cities sectors are generated by the regional implementation of 5G networks. Governments in LAMEA actively support the development of 5G infrastructure through policies and initiatives to promote digital transformation, enabling the region to leverage the benefits of 5G IoT for socio-economic development. Therefore, as LAMEA continues to embrace digital transformation, the adoption of 5G IoT is expected to accelerate, driving economic development and improving the quality of life for people across the region.
The Brazil market dominated the LAMEA 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 $10.59 billion by 2031. The Argentina market is showcasing a CAGR of 74.4% during 2024-2031. Additionally, the UAE market would register a CAGR of 72.5% during 2024-2031.
Industrial 5G facilitates the simultaneous connection of many devices (sensors, machines, etc.). This capability is essential for industries like agriculture and smart cities, where thousands of sensors must communicate efficiently and reliably to enhance operational efficiency and resource management. The development of tailored Industrial 5G solutions for specific industries accelerates its adoption. Customized applications, such as remote monitoring in healthcare or predictive maintenance in manufacturing, demonstrate tangible benefits, encouraging wider adoption among industry stakeholders.
The industrial 5G market is evolving rapidly, influenced by several key trends. Companies increasingly focus on sustainability as a core component of their business strategies. The adoption of Industrial 5G is seen as a way to enhance energy efficiency and reduce waste, prompting companies to integrate eco-friendly practices into their operations and appeal to environmentally conscious consumers.
The LAMEA region is witnessing increasing demand for 5G Internet of Things (IoT) technologies, driven by government initiatives, infrastructure investments, and industry-specific programs. New opportunities for the agriculture, industrial automation, and smart cities sectors are generated by the regional implementation of 5G networks. Governments in LAMEA actively support the development of 5G infrastructure through policies and initiatives to promote digital transformation, enabling the region to leverage the benefits of 5G IoT for socio-economic development. Therefore, as LAMEA continues to embrace digital transformation, the adoption of 5G IoT is expected to accelerate, driving economic development and improving the quality of life for people across the region.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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. LAMEA 5G Internet of Things Market by Offering
Chapter 6. LAMEA 5G Internet of Things Market by Enterprise Size
Chapter 7. LAMEA 5G Internet of Things Market by Network Type
Chapter 8. LAMEA 5G Internet of Things Market by End User
Chapter 9. LAMEA 5G Internet of Things Market by Country
Chapter 10. Company Profiles
Companies Mentioned
Some of the key companies profiled in this LAMEA 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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