What Has Been the Progress and Growth of the Fifth Generation Internet Of Things Software 5G IoT Software Market in Recent Years?
The fifth generation internet of things software 5g iot software market has seen considerable growth due to a variety of factors.
• The size of the market for fifth-generation Internet of Things software (5G IoT software) has seen significant development in recent times. The market is forecasted to increase from $14.12 billion in 2024 to $18.11 billion in 2025, with a compound annual growth rate (CAGR) of 28.3%.
The substantial growth in the preceding years can be traced back to increased investments in 5G IoT, expansion of high-speed networks, enhanced use in smart cities, an upsurge in demand for low-latency connectivity and escalating demands for the adoption of mobile video.
What Is The Expected Growth In The Fifth Generation Internet Of Things Software 5G IoT Software Market Size Evolve over the Forecast Period?
The fifth generation internet of things software 5g iot software market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for fifth-generation Internet of Things software (5G IoT software) is predicted to experience a remarkable expansion in the upcoming years. The anticipated value by 2029 is $48.46 billion, with a compound annual growth rate (CAGR) of 27.9%.
The primary factors contributing to the growth in this forecast period include an escalating number of connected devices, a growing need for intelligent infrastructure solutions, increased government investments, higher demand for broad bandwidth, and a rising usage of wearable technologies. Key trends during this timeframe include the implementation of 5G technology, the progression of digitization in operating and diagnostic rooms, innovations in autonomous driving technology, digital technology advancements, and progress in wireless technologies.
What Main Forces Are Fueling Expansion In The Fifth Generation Internet Of Things Software 5G IoT Software Market?
The fifth-generation Internet of Things software (5G IoT software) market's expansion is likely to be buoyed by a rising need for cloud computing. Providing services such as storage, analytics, software, networking, databases and servers, cloud computing is growing rapidly due to its scalability, cost-effectiveness, flexibility, superior security, remote access and compatibility with advanced technologies like big data analytics, AI and IoT. The 5G IoT software aids in the growth of cloud computing by ensuring low-latency communication, swift data transmission and streamlined connectivity for large scale IoT deployments. This leads to real-time data processing, improved resource management, and enhanced scalability for cloud-based applications in segments like healthcare, smart cities, industrial automation, and autonomous systems. As an example, data from Eurostat, the Luxembourg-based intergovernmental organisation, reveals that about 45.2% of EU businesses leveraged cloud computing services in December 2023, mainly for emailing, file storage and diverse operational tasks, indicating a significant increase of 4.2 percentage points from 2021. As a result, the growing necessity for cloud computing is fuelling the growth of the fifth-generation Internet of Things software (5G IoT software) market.
What Are The Primary Segments In The Global Fifth Generation Internet Of Things Software 5G IoT Software Market?
The fifth generation internet of things software (5G IoT software) market covered in this report is segmented –
1) By Component: Connectivity Management Platform, Edge Computing Platform, Application Enablement Platform, Analytics Platform, Security Platform
2) By Network Type: Non-Standalone, Standalone
3) By Enterprise Size: Small And Medium-Sized Enterprises, Large 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 Connectivity Management Platform: 5G Network Management Software, SIM and eSIM Management Solutions, IoT Device Connectivity Monitoring, Remote Network Provisioning and Optimization, Multi-Carrier and Cross-Border Connectivity Solutions
2) By Edge Computing Platform: Real-Time Data Processing Solutions, AI-Enabled Edge Analytics, Edge Device Management Software, Edge Security and Access Control, Low-Latency Streaming and Processing Solutions
3) By Application Enablement Platform: IoT Middleware and API Management, Cloud-Based IoT Application Development, Low-Code Or No-Code IoT Solutions, Industry-Specific IoT Application Frameworks, Smart Device Integration Platforms
4) By Analytics Platform: Predictive and Prescriptive IoT Analytics, AI and Machine Learning-Based Data Insights, Real-Time IoT Data Visualization Tools, Big Data Management for IoT Networks, Event Processing and Anomaly Detection
5) By Security Platform: 5G IoT Device Authentication and Access Control, End-to-End Encryption for IoT Networks, Threat Detection and Response Solutions, Blockchain-Based IoT Security Solutions, Identity and Access Management (IAM) for IoT
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Which Key Trends Are Driving Changes In The Fifth Generation Internet Of Things Software 5G IoT Software Market?
Major companies operating in the fifth-generation Internet of Things software (5G IoT software) market are focusing on developing an advanced 5G IoT management platform to enable seamless integration of IoT applications across various industries. A 5G IoT management platform is a software system built to oversee, track, and enhance the connectivity, data transmission, and efficiency of IoT devices and applications operating on a 5G network. For instance, in February 2022, Radisys Corporation, a US-based telecommunications solutions company, launched the Connect RAN 5G IoT software stack. This software supports a wide range of IoT use cases, from low-cost metering and asset tracking to mission-critical industrial deployments, XR, video surveillance, and wearables. It offers features like NB-IoT, eMTC/LTE-M, uRLLC, NR-lite/RedCap, and eMBB, along with advanced positioning capabilities. The suite provides flexibility in deployment options, enabling OEMs, ODMs, and operators to develop and deploy IoT solutions cost-effectively across various industries.
Who Are the Key Players In The Fifth Generation Internet Of Things Software 5G IoT Software Market?
Major companies operating in the fifth generation internet of things software (5G IoT software) market are:
• Bharti Airtel Limited
• Swisscom AG
• Tata Communications Limited
• KORE Group Holdings Inc.
• 6D Technologies PTE. Ltd.
• 1NCE GmbH
• Emnify GmbH
• Telit Communications Plc
• Bridgera Pvt. Ltd.
• Cavli Inc.
• MAVOCO AG
• Airlinq Inc.
• Zipit Wireless Inc.
• Simon IoT LLC
• Velos IoT
• Cobira Aps
• Freeeway AG
• InfiSIM Ltd.
• Relevant Software LLC
• Droam B.V.
• Monogoto
• Syntegra Inc.
What Is The Most Dominant Region In The Fifth Generation Internet Of Things Software 5G IoT Software Market?
North America was the largest region in the fifth-generation Internet of Things software (5G IoT software) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fifth generation internet of things software (5G IoT software) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
