What Factors Propelled The Growth Of The 5G IoT Market In The Past?
The 5g iot market has seen considerable growth due to a variety of factors.
• In the past few years, the 5G IoT market has expanded significantly. It is estimated to increase from $12.13 billion in 2024 to $20.03 billion in 2025, progressing at a compound annual growth rate (CAGR) of 65.2%.
Factors like evolution in mobile networks, the growing popularity of smart devices, a spike in data creation, governmental aid and initiatives, and worldwide economic conditions have contributed to growth during the historic period.
What Does the Future Hold for the 5G IoT Market?
The 5g iot market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for 5G IoT is predicted to witness a significant surge in the coming years, reaching a worth of $161.75 billion by 2029, escalating at a compound annual growth rate (CAGR) of 68.6%.
This expected growth during the forecasted timeframe can be credited to factors such as heightened IoT uptake, smart manufacturing advancements, the global need for connectivity, digital transformation drives, and investments in 5G network infrastructures. The main trends to watch during this period encompass the integration of artificial intelligence, custom virtual networks, 5G-supported smart cities, incorporation of blockchain technology, and collaboration within the ecosystem.
What Key Factors and Trends are Driving the Growth of the 5G IoT Market?
The anticipated increase in mobile network data traffic is forecasted to boost the 5G IoT market's expansion. The 5G IoT caters to the high demand for mobile network data traffic and accommodates numerous users, inclusive of IoT devices. This considerable amount of mobile network data traffic contributes to the growth of the 5G IoT by offering reliable, swift, low-delay, and secure connections. For instance, a study by Ericsson, a telecommunications firm based in Sweden, showed that there was a 40% rise in global data traffic on mobile networks from Q1 2021 to Q1 2022. Furthermore, a 10% sequential growth in mobile network data traffic was observed between Q4 2021 and Q1 2022. Consequently, the increasing mobile network data traffic is propelling the expansion of the 5G IoT market.
What Are The Primary Segments In The Global 5G IoT Market?
The 5G IoT market covered in this report is segmented –
1) By Component: Solution, Hardware, Software and Platform, Services
2) By Network Type: 5G Standalone (SA), 5G Non-Standalone (NSA)
3) By Enterprise Size: Large Enterprises, Small and Medium Enterprises
4) By End User: Manufacturing, Healthcare, Energy and Utilities, Automotive and Transportation, Supply Chain and Logistics, Government and Public Safety, Agriculture, Other End Users
Subsegments:
1) By Solution: Connectivity Solutions, Device Management Solutions, Security Solutions
2) By Hardware: IoT Devices (Sensors, Actuators), Gateways, Network Equipment
3) By Software and Platform: Analytics Software, Application Development Platforms, Operating Systems
4) By Services: Consulting Services, Integration Services, Managed Services
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Which Key Trends Are Driving Changes In The 5G IoT Market?
Trends in the 5G IoT market are increasingly influenced by technological advancements. To maintain their market position, the market's major players are investing in the development of advanced technology and software. In the case of Radisys Corporation, an American firm providing open telecom solutions, they introduced the Connect RAN 5G IoT software stack in February 2022. This software offers an all-inclusive array of 5G RAN technology. The Connect RAN software for 5G IoT has distinctive features, including technology suited for a variety of IoT applications, asset tracking and metering, ultra-low latency, deployments designed for time-sensitive industries, video surveillance, and wearable deployments. Radisys' Connect RAN 5G IoT software allows for a swift market entry for new use cases due to its lower initial CAPEX investment.
Who Are the Key Players in the 5G IoT Market?
Major companies operating in the 5G IoT market include:
• Samsung Electronics Co. Ltd.
• China Mobile Ltd.
• Verizon Communications Inc.
• Deutsche Telekom AG
• AT&T Inc.
• Huawei Technologies Co. Ltd.
• T-Mobile International AG
• China Telecom Corporation Limited
• LG Electronics Inc.
• Intel Technology Corporation
• Cisco Systems Inc.
• NTT Docomo Inc.
• China Unicom Limited
• Vodafone Group plc
• Orange S.A.
• Telefonica S.A
• Qualcomm Technologies Inc.
• Fujitsu Ltd.
• BT Group plc
• Ericsson AB
• Nokia Corporation
• NEC Corporation
• Telstra Corporation Limited
• Thales Group
• KT Corporation
• TIM S.p.A.
• ZTE Corporation
• SK Telecom Co. Ltd.
• Swisscom AG
• Singtel Optus Pty Limited
What Is The Most Dominant Region In The 5G IoT Market?
North America was the largest region in the 5G IoT market in 2024. The regions covered in the 5G IoT market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
