Trends and Forecast for the Global 5G IoT Market
Trends, opportunities and forecast in 5G IoT market to 2025 by radio technology (5G NR standalone architecture and 5G NR non-standalone architecture), range (short range IoT devices and wide range IoT devices), end use industry (manufacturing, energy and utilities, government, healthcare, transportation and logistics, mining, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Lucintel’s latest market report analyzed that 5G IoT provides attractive opportunities in the manufacturing, energy and utility, government, healthcare, transportation and logistics, and mining industries. The 5G IoT market is expected to grow at a CAGR of 52%-57%. In this market, short range IoT devices are the largest segment by range.
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Based on range, the 5G IoT market is segmented into short range IoT devices and wide range IoT devices. The short range IoT devices segment accounted for the largest share of the market in 2020 due to growing demand from various end use industries, such as manufacturing, healthcare, energy and utilities, and retail.
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The 5G IoT market is marked by the presence of several big and small players. Some of the prominent players offering 5G IoT include Ericsson, Nokia, Huawei, AT&T, Verizon, Sprint, Telefónica, BT Group, Vodafone, Telstra, Etisalat, Telus, Bell Canada, Singtel, and Rogers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].
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