The 5G Internet of Things Market is Predict to reach USD 474.4 Billion by 2031, at a CAGR of 69.3%

5G Internet of Things Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global 5G Internet of Things Market size is expected to reach $474.4 billion by 2031, rising at a market growth of 69.3% CAGR during the forecast period.

The Solutions segment led the maximum revenue in the Global 5G Internet of Things Market by Offering in 2023, thereby, achieving a market value of $326.9 billion by 2031. This segment's dominance is largely driven by the increasing need for advanced hardware, software, and connectivity solutions that form the backbone of 5G IoT applications. Solutions like 5G modems, modules, routers, and network infrastructure have seen significant adoption due to the growing deployment of smart city initiatives, smart manufacturing, and connected healthcare, where real-time data exchange and ultra-low latency are critical.

The Large Enterprises segment is experiencing a CAGR of 68.7 % during the forecast period. Large enterprises, particularly in manufacturing, healthcare, and transportation, have been at the forefront of adopting 5G IoT solutions to enhance operational efficiency, improve decision-making through data analytics, and drive automation in their processes.

The 5G Non-Standalone segment captured the maximum revenue in the Global 5G Internet of Things Market by Network Type in 2023, thereby, achieving a market value of $330.4 billion by 2031. This architecture relies on the existing 4G LTE infrastructure for control functions while utilizing 5G for data transfer, allowing for a faster rollout of 5G capabilities. The popularity of the non-standalone architecture can be attributed to the reduced deployment costs and quicker implementation, as it leverages existing infrastructure.

The Manufacturing segment is growing at a CAGR of 66.6 % during the forecast period. The growth of the segment is largely due to the significant adoption of 5G IoT solutions for smart manufacturing, automation, and real-time monitoring. The high-speed connectivity and low latency of 5G are crucial for Industry 4.0 applications, such as automated production lines, remote robotics, and predictive maintenance.

Full Report: https://www.kbvresearch.com/5g-internet-of-things-market/

The Asia Pacific region dominated the Global 5G Internet of Things Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $182.7 billion by 2031. The North America region is anticipated to grow at a CAGR of 68.3% during (2024 - 2031). Additionally, The Europe region would witness a CAGR of 68.6% during (2024 - 2031).

List of Key Companies Profiled

• Nokia Corporation
• Ericsson AB
• ZTE Corporation
• IBM Corporation
• Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
• Verizon Communications, Inc.
• Microsoft Corporation
• Qualcomm Incorporated (Qualcomm Technologies, Inc.)
• Siemens AG
• Thales Group S.A.

5G Internet of Things Market Report Segmentation

By Offering

• Solutions
  • Hardware
  • Software & Platform
• Services

By Enterprise Size

• Large Enterprises
• Small & Medium Enterprises

By Network Type

• 5G Non-Standalone
• 5G Standalone

By End User

• Manufacturing
• Energy & Utilities
• Transportation & Logistics
• Healthcare
• Agriculture
• Government & Public Safety
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

North America 5G Internet of Things Market Size | 2031

• October-2024
• 154 Pages

LAMEA 5G Internet of Things Market Size | Share 2031

• October-2024
• 166 Pages

Europe 5G Internet of Things Market Size & Forecast | 2031

• October-2024
• 167 Pages

Asia Pacific 5G Internet of Things Market Size, Share 2031

• October-2024
• 172 Pages