Global 5G-based IoT(5G-IoT) Market by Type (Hardware, Software & Service), By Application (Manufacturing, Energy & Utilities, Healthcare, Government, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global 5G-based IoT market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for 5G-based IoT applications across different industries and regions. The rising number of connected devices and the growing need for faster data transmission are also contributing to the growth of this market. The global 5G-based IoT market is segmented on the basis of type, application, and region. On the basis of type, it is divided into hardware, software & service, and others. Hardware includes modules & sensors, routers & gateways, base stations/cells towers etc., while software & service includes application development services, system integration services etc. By application, it is classified into manufacturing; energy & utilities; healthcare; government; transportation logistics; retail sector ;and others which include education institutions , hospitality industry etc .Region wise ,the global5 G - basedIoTmarketis segmentedinto North America 、Latin America 、Europe 、Asia Pacificand Middle East&Africa .



Get Free Sample Report

Product Definition:

5G-based IoT refers to the usage of 5G networks for connecting devices and sensors to the internet. The importance of 5G-based IoT is that it will provide faster speeds and more reliable connections than previous generations of networks, making it ideal for connecting large numbers of devices. This will enable new applications such as smart cities, autonomous cars, and industrial automation.

Hardware:

Hardware is the part of 5G-based IoT that includes gateways, routers, modems or end-user devices. The hardware segment is expected to grow at a CAGR greater than 25% over the forecast period owing to its increasing demand in end-user devices such as smartphones and smart wearables.

The growth factor for hardware segment can be attributed to factors such as high bandwidth requirement for ultra-low latency communication and need for massive connectivity with low power consumption.

Software & Service:

Software & Service is the combination of hardware and software, which enables a device to perform a specific function. In 5G-based IoT (5G-IoT), Software & Service includes Radio Access Network (RAN) and core network components, middleware services, application software such as signal processing algorithms for data analytics.

Application Insights:

The manufacturing application segment accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The technology provides numerous benefits, such as real-time communication, low power consumption, high data transfer speeds and enhanced connectivity. These factors are anticipated to drive the adoption of 5G-based IoT solutions in various end uses across different industry verticals.

The healthcare segment is projected to witness significant growth over the forecast period owing to increasing demand for connected medical devices & equipment. Moreover, 5G will enable improved network architecture that will support a large number of users at once with increased efficiency and reduced costs associated with hardware components and maintenance services required by these systems. This trend is expected to drive product demand in healthcare applications during the forecast period.

Regional Analysis:

The North American regional market is anticipated to dominate the global 5G-based IoT industry over the forecast period. This can be attributed to early adoption of 5G technology and increasing investments in R&D for developing innovative applications based on this fifth generation mobile network standard. Moreover, growing demand for connected cars and smart buildings in this region is expected to drive the growth of the market over the forecast period.

Asia Pacific regional market captured a significant share owing to increased deployment of next-generation infrastructure (NGI) projects across countries such as China, Japan, South Korea, Australia and India. The NGIs are majorly used for providing high-speed internet access as well as enhancing wireless communication within a city or between different cities/towns/boroughs etc., thereby driving demand across various industries such as transportation & logistics (T2C), media & entertainment (T2E), government services delivery etc., among others).

Growth Factors:

Increased demand for data-driven services and applications: The massive increase in data traffic brought about by 5G-IoT will drive the need for more data-driven services and applications. This will provide opportunities for businesses to develop innovative new services that can take advantage of the high bandwidth, low latency, and massive connectivity provided by 5G-IoT networks.
Proliferation of connected devices: The number of connected devices is expected to grow rapidly with the advent of 5G-IoT, as businesses and consumers alike begin to adopt IoT technologies at a higher rate. This will create a large market for IoT devices and components, providing opportunities for companies that are able to capitalize on this trend.
Development of new use cases: One of the key benefits of 5G-IoT is its ability to support a wide range of use cases beyond traditional M2M applications. This will allow businesses to explore new areas such as smart cities, autonomous vehicles, healthcare, and retail that can benefit from the high bandwidth and low latency offered by 5G networks.


Get Free Sample Report
Scope Of The Report
Report Attributes
Report Details
Report Title
5G-based IoT(5G-IoT) Market Research Report
By Type
Hardware, Software & Service
By Application
Manufacturing, Energy & Utilities, Healthcare, Government, Others
By Companies
Ericsson (Sweden), Nokia (Finland), Huawei (China), AT&T (US), Verizon (US), Sprint (US), Telefónica (Spain), BT Group (UK), Vodafone (UK), Telus (Canada), Bell Canada (Canada), Singtel (Singapore)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.

Global 5G-based IoT(5G-IoT) Market Report Segments:
The global 5G-based IoT(5G-IoT) market is segmented on the basis of:
Types
Hardware, Software & Service
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Manufacturing, Energy & Utilities, Healthcare, Government, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Ericsson (Sweden)
Nokia (Finland)
Huawei (China)
AT&T (US)
Verizon (US)
Sprint (US)
Telefónica (Spain)
BT Group (UK)
Vodafone (UK)
Telus (Canada)
Bell Canada (Canada)
Singtel (Singapore)



Get Free Sample Report

Highlights of The 5G-based IoT(5G-IoT) Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Hardware
Software & Service
By Application:
Manufacturing
Energy & Utilities
Healthcare
Government
Others
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the 5G-based IoT(5G-IoT) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

Frequently Asked Questions?