The Ultra-Reliable Low Latency Communications (URLLC) Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Ultra-Reliable Low Latency Communications (URLLC) Market?
The market size of ultra-reliable low latency communications (URLLC) has experienced significant growth lately. In 2024, it was worth $12.76 billion and is expected to reach $16.86 billion by 2025, growing at a compound annual growth rate of 32.1%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Ultra-Reliable Low Latency Communications (URLLC) Industry?
The Ultra-Reliable Low Latency Communications (URLLC) market is predicted to reach $50.85 billion in size by the year 2029, growing at a compound annual growth rate (CAGR) of 31.8%.
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What are the Key Growth Drivers Fueling the Ultra-Reliable Low Latency Communications (URLLC) Market?
The key drivers in the ultra-reliable low latency communications (urllc) market are:
• Rising adoption of digitalization across various industries
• Proliferation of commercial 5G services for better data connectivity
• Increasing demand for high-speed data and enhanced broadband capacity
• Growing usage and adoption of Internet of Things (IoT) devices.
Global Market Segmentation: Identifying Major Ultra-Reliable Low Latency Communications (URLLC) Industry Segments
The ultra-reliable low latency communications (URLLC) market covered in this report is segmented –
1) By Offering: Hardware, Software, Services
2) By Technology: 5G Networks, Edge Computing
3) By Deployment Mode: On-Premise, Cloud-Based
4) By Application: Industrial Automation, Remote Diagnosis, Telesurgery, Autonomous Driving, Traffic Management, Smart Grid, Smart Office Buildings, Other Applications
5) By End-User: Telecommunications, Manufacturing, Transportation, Healthcare, Other End-Users
Subsegments:
1) By Hardware: URLLC-Enabled Network Equipment, Edge Computing Devices, 5G Base Stations
2) By Software: URLLC Protocol Stacks, Network Slicing Software, Latency Optimization Algorithms
3) By Services: Network Deployment And Integration Services, Managed URLLC Services, Support And Maintenance Services
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What are the emerging Trends Shaping the Future of the Ultra-Reliable Low Latency Communications (URLLC) Market?
The key trends in the ultra-reliable low latency communications (urllc) market are:
• An evident emerging trend is the strategic collaborations on a global scale.
• The rise of private wireless solutions is shaping the URLLC market.
• Technological innovations keep on influencing the predictions for upcoming years.
• The integration of artificial intelligence and edge computing has been identified as a significant trend.
Who Are the Top Competitors & Leading Players in the Ultra-Reliable Low Latency Communications (URLLC) Market?
Major players in the ultra-reliable low latency communications (urllc) market are:
• Samsung Electronics Co. Ltd.
• China Mobile Limited
• Verizon Communications Inc.
• Deutsche Telekom AG
• Huawei Technologies Co. Ltd.
• Intel Corporation
• Orange S.A.
• Qualcomm Incorporated
• Telefonica S.A.
• Vodafone Group Plc
• ABB Ltd.
• Telefonaktiebolaget LM Ericsson
• Nokia Corporation
• NEC Corporation
• Thales Group
• KT Corporation
• ZTE Corporation
• T-Mobile US Inc.
• Telit Communications plc
• Sierra Wireless Inc.
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the ultra-reliable low latency communications (URLLC) market in 2024
