Global 5G IoT Market Size, Share 2025 - 2034

5G IoT Market: Overview

5G IoT Market Size, Trends and Insights By Type (Passive 5G IoT, Active 5G IoT, Semi-passive 5G IoT), By Application (Inventory Management, Supply Chain, Retail, Healthcare, Logistics, 5G IoT Market Size, Trends and Insights By Type (Devices, Platforms, Services), By Application (Smart Cities, Industrial IoT, Connected Vehicles, Healthcare), By End-User (Manufacturing, Healthcare, Transportation & Logistics, Agriculture), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023 to 2032

According to Custom Market Insights (CMI), The 5G IoT Market  size was estimated at USD 9.8 Billion in 2022 and is expected to hit around USD 61.7 Billion by 2032, poised to grow at a compound annual growth rate (CAGR) of 36.5% from 2023 to 2032.

5G IoT solutions play a pivotal role in enabling connectivity and advanced applications across diverse sectors.

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5G IoT Market: Growth Drivers

• Connectivity Revolution: The 5G IoT market is propelled by the revolutionary impact of high-speed, low latency connectivity, reshaping industries and enabling a vast array of IoT applications.

• Industry 4.0 Adoption: Ongoing advancements in 5G technology drive the adoption of Industry 4.0, fostering the integration of smart devices, sensors, and autonomous systems across various sectors.

• Massive IoT Scale: The scalability of 5G networks accommodates the massive deployment of IoT devices, connecting everything from smart cities and healthcare systems to industrial machinery and consumer electronics.

• Low Latency Requirements: Industries with stringent latency requirements, such as autonomous vehicles and critical infrastructure, benefit from the ultra low latency of 5G, influencing the markets growth.

• Enhanced Mobile Broadband (eMBB): The evolution of eMBB services under 5G contributes to improved mobile connectivity, supporting high-performance applications and multimedia experiences across IoT devices.

• Edge Computing Integration: The integration of edge computing with 5G networks enhances data processing capabilities, reducing latency and enabling real time decision making for IoT applications.

• Security and Reliability: The 5G IoT market places a significant emphasis on security and reliability, driving demand for robust cybersecurity solutions and resilient network architectures.

• Cross-Industry Collaboration: Collaborations between 5G infrastructure providers and industry specific stakeholders drive the development of tailored IoT solutions, meeting the diverse needs of different sectors.

• Smart Agriculture and Environmental Monitoring: The agriculture sector benefits from 5G enabled IoT applications, including precision farming, livestock monitoring, and environmental sensing for sustainable practices.

• Healthcare IoT Solutions: The healthcare industry is experiencing a surge in IoT adoption, leveraging 5G for remote patient monitoring, telemedicine, and the seamless connectivity of medical devices.

• Smart Cities and Infrastructure: 5G IoT fuels the development of smart cities, optimizing urban infrastructure through connected devices for traffic management, public safety, and energy efficiency.

• Energy and Utilities Optimization: Industries in energy and utilities leverage 5G IoT for real-time monitoring, predictive maintenance, and efficient management of critical infrastructure.

• Retail and Logistics Transformation: The retail and logistics sectors witness transformation through 5G enabled IoT applications, enhancing supply chain visibility, inventory management, and customer experiences.

• Innovation Ecosystem: The 5G IoT market thrives on innovation, with startups, tech giants, and research institutions contributing to the development of cutting edge applications and use cases.

• Cross-industry Collaboration: The 5G IoT market benefits from cross industry collaboration, with stakeholders across retail, manufacturing, healthcare, and logistics recognizing the versatility and value of RFID technology in addressing diverse challenges.

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5G IoT Market: Regional Analysis

• North America: North America is a leading market for 5G IoT, driven by strong technological infrastructure and widespread adoption across industries. Rapid deployment of 5G networks. High demand for IoT solutions in smart cities and industrial applications.

• Europe: Europe emphasizes 5G IoT for industrial applications, smart cities, and healthcare, supported by regulatory initiatives and infrastructure investments. Government initiatives for smart city development.

• Asia Pacific: The Asia Pacific region experiences significant growth in 5G IoT, driven by rapid urbanization, industrialization, and advancements in telecommunications. Large scale infrastructure projects in smart cities.

• LAMEA (Latin America, Middle East, and Africa): Latin America shows growing interest in 5G IoT, driven by developments in the automotive sector and increasing investments in smart city projects. Expansion of connected vehicle technologies. The Middle East and Africa witness steady growth in 5G IoT, influenced by infrastructure development and initiatives in healthcare and agriculture. Investments in smart infrastructure projects.

5G IoT Market: Recent Developments

• Qualcomms Collaboration with Nokia: Qualcomm collaborated with Nokia to develop 5G IoT solutions for industrial applications. The partnership aimed to create innovative IoT solutions that leverage the strengths of both companies, fostering advancements in industrial IoT applications.

• AT&T Acquisition of Telit Communications PLC: AT&T acquired Telit Communications PLC, a leading provider of IoT solutions. The acquisition strengthened AT&T position in the IoT market, allowing the company to offer a comprehensive suite of 5G IoT services to its customers.

Key Players:

• Qualcomm Technologies Inc.
• Huawei Technologies Co. Ltd.
• Ericsson
• Nokia Corporation
• Intel Corporation
• Verizon Communications Inc.
• AT&T Inc.
• Vodafone Group Plc
• Cisco Systems Inc.
• Deutsche Telekom AG
• Samsung Electronics Co. Ltd.
• China Mobile Limited
• Telefonaktiebolaget LM Ericsson (Ericsson)
• Sierra Wireless
• Telit Communications PLC
• Others

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The 5G IoT Market is segmented as follows:

By Type

• Devices
• Platforms
• Services

By Application

• Smart Cities
• Industrial IoT
• Connected Vehicles
• Healthcare

By End-User

• Manufacturing
• Healthcare
• Transportation & Logistics
• Agriculture

On the basis of Geography

North America

• The US
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• New Zealand
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America

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