The 5G IoT services are next-generation wireless connectivity
services which offer a higher speed of data transfer and connectivity with
lower latency than previous generations. 5G network capabilities allow
production systems and machines to work smoothly through wireless networking, therefore
improving flexibility and efficiency. These services have significant scope among
industry verticals, such as consumer electronics, railways, automotive, mining,
healthcare, utilities, agriculture and manufacturing. The
sudden outbreak of COVID-19 is the major factor compelling the growth of global
5G in IoT market. The damage owing to the
COVID-19 is impacting individuals worldwide as a result to which demand for
advance & digitalized technologies with robust network are swiftly rising.
WHO has encouraged all the industrial sectors to address the impact of social
distancing and managing consumers demand in the pandemic situation. However,
the global 5G in IoT market is obtaining rapid
growth and projected to regain enormously in the post-pandemic world. In addition, with the increased deployments of
5G, the mobile ecosystem has expanded immensely, as the service providers are highly
expanding their 5G plans by even larger and large-scale features in the market.
For example, Telefonaktiebolaget LM Ericsson, which is a multinational
networking & telecommunications company, has anticipated that by 2024, 5G
connectivity will be extended by almost one third population coverage and with
1.5 billion subscriptions a global scale. Thereby, this has is another factor accelerating
the 5G in IoT market growth with new and
innovative solutions, present infrastructure and available industrial spectrum. Moreover, the upcoming launch of the
fifth-generation of cellular mobile communications which is intended to enhance
the performance and reliability of device connections is becoming one of the significant
growth factors in the 5G in IoT market.
In addition to this, owing to the improved speed, these advanced networks will
operate more reliably by creating highly strong connections in the market.
Connected devices such as locks, security cameras and other monitoring systems
which are highly depend on real-time updates, need reliable and stable network
conditions. Therefore, this technology is projected to grow exponentially in
the coming years. However, the dearth of standardization in IoT protocol is a
key factor likely to limit the market.
Additionally, private 5G networks are local area networks which
use the 5G technology as their communication medium to build private networks. These
networks provide unified connectivity with various benefits and optimized
services which results in huge demand for the private 5G networks eventually
creates huge opportunities in the market.
The
global 5G in IoT Market is segregated on the basis of Components as Hardware,
Platform, Connectivity and Services. Based on Network Type the global 5G in IoT
Market is segmented in 5G Standalone (SA) and 5G Non-standalone (NSA). Based on
End user the global 5G in IoT Market is segmented in Manufacturing, Healthcare,
Energy and Utilities, Automotive and Transportation, Supply Chain and Logistics,
Government and Public Safety, Agriculture and Others End Users.
The
global 5G in IoT Market report provides geographic analysis covering regions,
such as Europe, North America, Asia Pacific, and Rest of The World. The 5G in
IoT Market for each region is further segmented for major countries including
the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan,
Brazil, South Africa, and others.
Competitive Analysis
Fibocom, Neoway,
Gosuncn, SIMCom, Quectel and others are among the major players in the global 5G
in IoT Market. The companies studied in terms of product strategy and various n
several growth and expansion strategies to gain a competitive edge in the
market. The major players not only follow value chain integration with business
operations in multiple stages of the value chain.
- In
January 2021, AT&T introduced its 5G+ services in few popular areas and
venues across Tampa, such as Raymond James stadium, Channel District and Tampa
International Airport in the US.
- In
November 2021, CMIoT is a division of China Mobile Communications Group,
introduced IoT OS known as OneOS which supports 5G network standards. It has features
such as cross-platform, scalable, low energy consumption, and high safety.
- In
February 2021, Verizon entered into partnership with Zyter, one of the major
digital health and IoT-enablement platform providers, to support sports and
entertainment venues with 5G experiences.
The global 5G in IoT Market has been segmented as
below:
5G in
IoT Market, By Components
- Hardware
- Platform
- Connectivity
- Services
5G in
IoT Market, By Network Type
- 5G Standalone (SA)
- 5G Non-standalone (NSA)
5G in
IoT Market, By End user
- Manufacturing
- Healthcare
- Energy and Utilities
- Automotive and Transportation
- Supply Chain and Logistics
- Government and Public Safety
- Agriculture
- Others End Users
5G in
IoT Market, By Region
- Europe
- North America
- Asia Pacific
- Rest of The World
5G in
IoT Market, By Company
- Fibocom
- Neoway
- Gosuncn
- SIMCom
- Quectel
- Sequans
- U-Blox
- Telit
- Thales
- Sierra Wireless
- Cisco
- Samsung
- Nokia
- Huawei
- Ericsson
- Deutsche Telekom
- SK Telecom
- Telefonica
The
report covers the below scope:
- Global 5G in IoT Market sizes from
2020 to 2026, along with CAGR for 2020-2026
- Market size comparison for 2019 vs
2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to
2026
- Global 5G in IoT Market trends,
covering comprehensive range of consumer trends & manufacturer trends
- Value chain analysis covering
participants from raw material suppliers to the downstream buyer in the global
5G in IoT Market
- Major market opportunities and
challenges in forecast timeframe to be focused
- Competitive landscape with analysis
on competition pattern, portfolio comparisons, development trends and strategic
management
- Comprehensive company profiles of
the key industry players
The
years considered for the study are as follows:
- Base year - 2019
- Estimated year - 2019
- Projected year - 2020
- Forecast period - 2021 to 2026
Report
Scope:
The global 5G in IoT Market report scope includes
detailed study covering underlying factors influencing the industry trends. The
report covers analysis on regional and country level market dynamics. The scope
also covers competitive overview providing company market shares along with
company profiles for major revenue contributing companies. The report scope
includes detailed competitive outlook covering market shares and profiles key
participants in the global 5G in IoT Market share. Major industry players with
significant revenue share include Fibocom, Neoway, Gosuncn,
SIMCom, Quectel and others.
Why to
Buy this Report:
- Gain detailed insights on the 5G in IoT
industry trends
- Find complete analysis on the
market status
- Identify the 5G in IoT Market
opportunities and growth segments
- Analyse competitive dynamics by
evaluating business segments & product portfolios
- Facilitate strategy planning and
industry dynamics to enhance decision making
Target
Audience:
- The report targeted towards the existing players in
the industry is as follows:
- Market Manufacturers/Service
Providers
- Market Wholesale/Traders
- Investment and Financial
Institutions
Free
and Paid Customization based on the requirement