“5G IoT Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on 5g iot market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for 5g iot? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The 5g iot market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 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
- Companies Mentioned: Thales Group; AT&T Inc; Verizon; T-Mobile; Vodafone Group Plc
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery Format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the 5G IoT market are: Thales Group, AT&T Inc., Verizon, T-Mobile, Vodafone Group Plc, Telefonaktiebolaget LM Ericsson, Huawei Technologies Co. Ltd., ZTE Corporation, The Samsung Group, Cisco Systems Inc., Qualcomm Technologies Inc., Intel Technology, Telefonica S.A, SK Telecom Co. Ltd., and Deutsche Telekom.
The global 5G IoT market is expected to grow from $4.45 billion in 2022 to $7.36 billion in 2023 at a compound annual growth rate (CAGR) of 65.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The 5G IoT market is expected to grow to $57.1 billion in 2027 at CAGR of 66.9%.
The 5G IoT market includes revenues earned by entities by providing enterprise and high-speed industrial networking services, mobile computing, video broadcasting, fixed wireless access (FWA). The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
5G IoT refers to a service that communicates across all bands with both the local area network and the wide area network (WAN) with the proper speed, latency, and cost trade-offs. The 5G IoT is used for faster, more stable, and more secure connectivity, advancing everything from self-driving cars to smart grids for renewable energy to AI-enabled robots on factory floors.
North America was the largest region in the 5G IoT market in 2022. The regions covered in the 5G IoT market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main components in 5G IoT are solution, hardware, software and platform, services. Hardware refers to the tangible, touchable, physical parts of a computer system. These range from IoT modules, IoT gateways, and modem cards to 5G SIMs. The major network types are 5G standalone (SA) and 5G non-standalone (NSA). The different enterprise sizes include large enterprises and small and medium enterprises. The major end users include manufacturing, healthcare, energy and utilities, automotive and transportation, supply chain and logistics, government and public safety, agriculture and others.
A surge in mobile network data traffic is expected to propel the growth of the 5G IoT market going forward. 5G IoT helps to support large volumes of mobile network data traffic and large numbers of users, including IoT devices. Large volumes of mobile network data traffic aid in the expansion of the 5G IoT by providing fast, dependable, low-latency, and secure connections. For instance, according to a report by Ericsson, a Sweden-based telecommunications company, between Q1 2021 and Q1 2022, the global data traffic on mobile networks increased by 40%. Also, between Q4 2021 and Q1 2022, the growth in mobile network data traffic was about 10% quarter over quarter. Therefore, the surge in mobile network data traffic is driving the growth of the 5G IoT market.
Technological advancements are a key trend gaining popularity in the 5G IoT market. Major companies operating in the market are developing advanced technologies and software to sustain their position in the market. For instance, in February 2022, Radisys Corporation, a US-based company that provides open telecom solutions, launched Connect RAN 5G IoT software stack that provides an exhaustive list of 5G RAN technology. Connect Radio access network (RAN) software for 5G IoT includes unique features such as technologies for a wide range of IoT use cases, metering and asset tracking, ultra-low latency, time-sensitive industrial deployments, video surveillance, and wearable deployments. With less initial CAPEX investment, Radisys' Connect RAN 5G IoT software provides a quick time-to-market for new use cases.
In November 2020, Ericsson, a Sweden-based telecommunications company acquired Cradlepoint for an amount of $1 billion. The acquisition enhances Ericsson's offering and develops beneficial new revenue sources for clients. Cradlepoint is a US-based firm specializes in wireless WAN Edge 4G and 5G solutions for the enterprise market, as well as 5G IoT solutions.
The countries covered in the 5G IoT market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The 5G IoT market research report is one of a series of new reports from The Business Research Company that provides 5G IoT market statistics, including 5G IoT industry global market size, regional shares, competitors with 5G IoT market share, detailed 5G IoT market segments, market trends, and opportunities, and any further data you may need to thrive in the 5G IoT industry. This 5G IoT market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
Table of Contents
1. Executive Summary
- 2. 5G IoT Market Characteristics
- 3. 5G IoT Market Trends And Strategies
- 4. 5G IoT Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On 5G IoT Market
- 4.2. Ukraine-Russia War Impact On 5G IoT Market
- 4.3. Impact Of High Inflation On 5G IoT Market
- 5. 5G IoT Market Size And Growth
- 5.1. Global 5G IoT Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global 5G IoT Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
- 6. 5G IoT Market Segmentation
- 6.1. Global 5G IoT Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Solution
- Hardware
- Software and Platform
- Services
- 6.2. Global 5G IoT Market, Segmentation By Network Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 5G Standalone (SA)
- 5G Non-Standalone (NSA)
- 6.3. Global 5G IoT Market, Segmentation By Enterprise Size, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Large Enterprises
- Small and Medium Enterprises
- 6.4. Global 5G IoT Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Manufacturing
- Healthcare
- Energy and Utilities
- Automotive and Transportation
- Supply Chain and Logistics
- Government and Public Safety
- Agriculture
- Others End Users
- 7. 5G IoT Market Regional And Country Analysis
- 7.1. Global 5G IoT Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global 5G IoT Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific 5G IoT Market
- 8.1. Asia-Pacific 5G IoT Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific 5G IoT Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific 5G IoT Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China 5G IoT Market
- 9.1. China 5G IoT Market Overview
- 9.2. China 5G IoT Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China 5G IoT Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India 5G IoT Market
- 10.1. India 5G IoT Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India 5G IoT Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan 5G IoT Market
- 11.1. Japan 5G IoT Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan 5G IoT Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia 5G IoT Market
- 12.1. Australia 5G IoT Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia 5G IoT Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia 5G IoT Market
- 13.1. Indonesia 5G IoT Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia 5G IoT Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea 5G IoT Market
- 14.1. South Korea 5G IoT Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea 5G IoT Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe 5G IoT Market
- 15.1. Western Europe 5G IoT Market Overview
- 15.2. Western Europe 5G IoT Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe 5G IoT Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK 5G IoT Market
- 16.1. UK 5G IoT Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK 5G IoT Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany 5G IoT Market
- 17.1. Germany 5G IoT Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany 5G IoT Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France 5G IoT Market
- 18.4. France 5G IoT Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.5. France 5G IoT Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe 5G IoT Market
- 19.1. Eastern Europe 5G IoT Market Overview
- 19.2. Eastern Europe 5G IoT Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe 5G IoT Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia 5G IoT Market
- 20.1. Russia 5G IoT Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia 5G IoT Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America 5G IoT Market
- 21.1. North America 5G IoT Market Overview
- 21.2. North America 5G IoT Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America 5G IoT Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA 5G IoT Market
- 22.1. USA 5G IoT Market Overview
- 22.2. USA 5G IoT Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA 5G IoT Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America 5G IoT Market
- 23.1. South America 5G IoT Market Overview
- 23.2. South America 5G IoT Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America 5G IoT Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil 5G IoT Market
- 24.1. Brazil 5G IoT Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil 5G IoT Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East 5G IoT Market
- 25.1. Middle East 5G IoT Market Overview
- 25.2. Middle East 5G IoT Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East 5G IoT Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa 5G IoT Market
- 26.1. Africa 5G IoT Market Overview
- 26.2. Africa 5G IoT Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa 5G IoT Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 27. 5G IoT Market Competitive Landscape And Company Profiles
- 27.1. 5G IoT Market Competitive Landscape
- 27.2. 5G IoT Market Company Profiles
- 27.2.1. Thales Group
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. AT&T Inc
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Verizon
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. T-Mobile
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Vodafone Group Plc
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The 5G IoT Market
- 29. 5G IoT Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer