5G Networks in IoT Market size was valued at USD 1.09 trillionin 2024 and is forecasted to grow at a CAGR of 13.2% from 2026 to 2033, reaching USD 3.27 trillion by 2033.
The global 5G networks in IoT market size was valued at USD 1.02 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 39.2% from 2023 to 2030. North America held the largest market share in 2022, accounting for approximately 38.5% of the total market. This is primarily driven by the increased adoption of 5G technology in IoT applications across various sectors, including automotive, healthcare, and manufacturing. Europe and Asia Pacific followed closely, with Europe holding a share of around 28.7%, due to ongoing technological advancements and supportive government initiatives. The Asia Pacific region is expected to grow at the highest CAGR of 41.5% during the forecast period, fueled by the rapid adoption of 5G networks in countries like China, Japan, and South Korea.
In terms of opportunities, the growing need for enhanced connectivity, especially in smart cities, healthcare, and industrial IoT, is expected to drive the markets growth. With the introduction of 5G technology, the volume of connected devices is anticipated to rise significantly, leading to more applications of IoT in industries such as transportation, agriculture, and energy. Additionally, the potential for integrating artificial intelligence (AI) with 5G networks to enhance real time data processing is creating new avenues for growth. The increasing demand for autonomous vehicles, connected devices, and the rise in smart infrastructure projects will further bolster the expansion of 5G networks in IoT applications globally.
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CommScope
GSMA
Samsung
Syniverse
Telit
Vodafone
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global 5G Networks in IoT Market
Smart Cities
Industrial IoT
Connected Vehicles
Healthcare
Smart Agriculture
Smart Home
Energy Management
Logistics and Supply Chain
Private 5G Networks
Public 5G Networks
Hybrid Networks
Network Slicing
Edge Computing
Enhanced Mobile Broadband (eMBB)
Massive Machine Type Communications (mMTC)
Ultra-Reliable Low Latency Communications (URLLC)
Manufacturing
Transportation and Logistics
Energy and Utilities
Healthcare
Agriculture
Retail
Telecommunications
Access Points
Routers
Smart Sensors and Devices
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global 5G Networks in IoT Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global 5G Networks in IoT Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global 5G Networks in IoT Market, By Type
6. Global 5G Networks in IoT Market, By Application
7. Global 5G Networks in IoT Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global 5G Networks in IoT Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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