According to Future Market Insights’ newly released 5G IoT industry analysis report, global revenue for 5G IoT in 2021 is expected to be US$ 2.6 billion. The projected market growth rate from 2022 to 2032 is 33.5%. With a projected growth of 31.8% between 2022 and 2032, the 5G Non-Standalone segment is expected to be the highest revenue-generating 5G IoT network type.
5G Industrial IOT market plays a vital role in telecommunication and manufacturing industries and this trend is likely to be continued due to the predicted to reach US$ 18.8 Bn in 2032. Many telecommunication industries are implementing 5G technology for faster network connectivity and various software are adopted for better automated work environment.
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Key Takeaways from the Market Study
- Global 5G Industrial IOT market is expected to reach a market size of US$ 18.8 Bn by 2032.
- In 2022, 5G Industrial IOT Market is estimated to reach a valuation of US$ 1.6 Bn.
- Among components, hardware shows the highest potential for growth. Revenue through 5G Industrial IOT hardware is expected to grow at a CAGR of about 27.9% during 2022- 2032.
- China, the key market is expected to hold the prominent market share and grow at a CAGR of 27.3% during 2022 – 2032.
“The 5G Industrial IOT has wide range of scope in telecommunication and manufacturing industries due to their enhanced connectivity and adopting automation technologies”, comments Future Market Insights analyst.
Competitive Landscape
A number of regional and global players operate in this market. These companies compete based on the innovation of their products, their quality, their brand reputation, and their market presence in order to sell their products through various industries. A variety of strategies are being employed by companies to remain competitive.
- In Mar, 2022, Ericsson & Vodafone UK cooperated to frame an organization cut on 5G SA involving single RAN work for high-transmission capacity and low-inertness network which can be conveyed for computer generated reality use case in a retail location.
- In Mar, 2022, Cisco & Tech Mahindra announced their collaboration to modernize 5G infrastructure with routed optical networking. Cisco has expertise in routed optical fiber whereas Tech Mahindra has expertise in IP-based, software driven 5G networks.
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Investment Feasibility Matrix
3.6. PESTLE and Porter’s Analysis
3.7. Regulatory Landscape
3.7.1. By Key Regions
3.7.2. By Key Countries
3.8. Regional Parent Market Outlook
4. Global 5G Industrial IOT Market Analysis 2019-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) Analysis, 2019-2021
4.2. Current and Future Market Size Value (US$ Mn) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
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More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the 5G Industrial IOT market, presenting historical market data (2019-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of Components (Hardware, Software, Services), by End-use (Personal/in-house, Commercial) across five regions (North America, South America, Europe, Asia Pacific and Middle East & Africa).
Some of the benefits of the 5G Industrial IOT market include:
- Increased efficiency – The biggest benefit of the 5G Industrial IOT market is increased efficiency. With this technology, you will be able to connect more devices and sensors than ever before. This means that you can gather more data and information to make better decisions.
- Reduced costs – Another benefit of the 5G Industrial IOT market is reduced costs. This technology can help you save money on your operational costs, as well
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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