5G IoT Market

5G IoT Market by Connection, Radio Technology (5G NR Standalone and 5G NR Non-Standalone Architecture), Range (Short- and Wide-Range IoT Devices), Vertical (Manufacturing, Energy & Utilities, Healthcare, Government), and Region - Global Forecast to 2025

[100 Pages Report] MarketsandMarkets forecasts the global 5G IoT market size to grow from USD 0.7 billion in 2020 to USD 6.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 55.4% during the forecast period. IoT has been radically changing consumer and business landscape over the past few decades. The number of connected devices is expected to reach around 22 to 25 billion by 2025 ranging from consumer wearable devices and industrial devices to connected cars. The diverse set of connected devices from a range of industry verticals needs a unique communication infrastructure. In addition, these connected devices require low power, faster connectivity, and higher security. Today, several connectivity technologies are available in the market, such as non-cellular, non-carrier, cellular IoT, and satellite network. Bluetooth, Zigbee, Long Range (LoRa), Sigfox, LLow-power Wide Area Network (LPWAN), Radio-frequency Identification (RFID), Bluetooth Low Energy (BLE), Wireless Local Area Network (WLAN), and Long-Term Evolution (LTE) (Category M1 (Cat-M1) and Narrowband-IoT (NB-IoT)) are some of the key options available in the market for IoT connectivity. Enterprises are leveraging these communication techniques as per the demand and requirement of the IoT network.

5G IoT Market

Among range, the short-range IoT devices segment is expected to account for the highest market share during the forecast period

The short range IoT devices segment is estimated to show the highest market share in 2020 and expected to witness strong growth characteristics in the coming years. With emerging new application areas, short-range IoT devices need another type of connectivity solution that can fulfill the growing need for data speed. For instance, in-building connectivity devices in manufacturing, healthcare, energy and utilities, and retail sectors demand low latency and high power, which are fulfilled by the 5G network.

Among radio technology, the 5G New Radio (NR) standalone architecture segment is expected to have the highest growth during the forecast period.

The overall adoption of 5G NR standalone architecture is expected to increase during the forecast period, owing to a wide range of functionalities and core features that the architecture provides. The 5G NR standalone solutions have various built-in capabilities such as network slicing, ultra-low latency, Control and User Plane Separation (CUPS), multi-Gbps support, and virtualization.

5G IoT Market

North America is expected to account for the largest market size during the forecast period

The geographic analysis of the smart cities market comprises 5 regions, namely, North America, APAC, Europe, Middle East and Africa (MEA), and Latin America. North America held the highest share in the 5G IoT market in 2020, owing to the increasing number of connected IoT devices in the region. North America comprises the US and Canada and is one of the leading regions in terms of the development of 5G IoT. Verizon has planned to roll out 5G services across 30 cities in the US by the end of 2020. T-Mobile has also announced to launch 5G services in 30 cities. AT&T has already introduced 5G services in 12 cities. These service providers have collaborated with network enablers such as Ericsson, Nokia, and Samsung, to launch 5G services across the US.

Key 5G IoT Market Players

In the 5G IoT market, the key and emerging market players include Ericsson (Sweden), Nokia (Finland), Huawei (China), AT&T (US), Verizon (US), Sprint (US), Telefónica (Spain), BT Group (UK), Vodafone (UK), Telstra (Australia), Etisalat (UAE), Telus (Canada), Bell Canada (Canada), Singtel (Singapore), and Rogers (Canada). These solution providers are the leading vendors in the 5G IoT market. They have adopted organic and inorganic strategies, such as new service launches, acquisitions, collaborations, and partnerships, to expand their business reach and drive their business revenues.

Recent Developments

  • In February 2019, Nokia partnered with Korea Telecom (KT) for conducting trails of 5G Network Function Virtualization (NFV) and network slicing. Nokia will also help KT to enhance 5G service and network operational efficiency.
  • In February 2019, Nokia collaborated with Vodafone on active antennas to boost 5G radio capacity and reduce the total cost of ownership.
  • In December 2018, Telefónica and Nokia signed an MoU in which both the companies agreed to build “Early 5G Innovation Cluster" in Berlin. This innovation cluster will provide a platform to test Nokia’s 5G technology under real-life conditions with subscribers of Telefónica Deutschland network.
  • In July 2018, Telstra in collaboration with Ericson and Intel completed the world’s first end-to-end 5G non-standalone data call on a commercial mobile network. This call was made using 3.5GHz spectrum, Intel’s 5G mobile trail platform, and Ericsson’s commercial 5G NR equipment.
  • In June 2018, Sprint partnered with NXM Labs, a blockchain IoT security company, to launch the first 5G-Ready Connected Car platform with the IoT blockchain security feature. This platform helps in ensuring the security of families through smart parental control and anti-theft. Additionally, it helps in keeping track of driving expenses and finding nearby parking.
  • In June 2018, Sprint is planning to partner with Adaptive Motion Group (AMG) to deploy Mobi, a self-driving robot that helps in charging industrial vehicles, electric buses, and cars. The robot would move using artificial intelligence, Sprint’s 5G mobile network, and the IoT technology. The company would be deploying 5G network in the first half of 2019.
  • In February 2018, AT&T acquired FiberTower Corporation for USD 207 million. As per this acquisition, FiberTower Corporation provides 39 GHz and millimeter spectrum to AT&T for helping it launch its mobile 5G services.

Critical questions the report answers:

  • Where will all these developments take the industry in the mid to long term?
  • What are the upcoming trends in smart city platform solutions?
  • What are the competitive developments, such as mergers and acquisitions, new product developments, and business expansion activities, in the market.?
  • How major factors, such as drivers, restraints, opportunities, and challenges, influence the growth of the market?
  • What are the key roles of major players in the 5G IoT market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 12)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
    1.4 Years Considered for the Study
    1.5 Currency Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 15)
    2.1 Research Data
           2.1.1 Breakup of Primary Profiles
           2.1.2 Key Industry Insights
    2.2 Market Breakup and Data Triangulation
    2.3 Market Size Estimation
           2.3.1 Top-Down Approach
           2.3.2 Bottom-Up Approach
    2.4 Market Forecast
    2.5 Assumptions for the Study
    2.6 Limitations of the Study

3 Executive Summary (Page No. - 22)

4 Premium Insights (Page No. - 26)
    4.1 Attractive Market Opportunities in the Global 5G IoT Market
    4.2 5G IoT Market, By Range
    4.3 North America Market, By Radio Technology and Range
    4.4 Europe Market, By Radio Technology and Range
    4.5 Asia Pacific Market, By Radio Technology and Range

5 Market Overview and Industry Trends (Page No. - 29)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Demand for Low Latency Connectivity
                    5.2.1.2 Increasing Number of Connected IoT Devices
                    5.2.1.3 Growing Data Traffic
           5.2.2 Restraints
                    5.2.2.1 High Capex for Infrastructure
           5.2.3 Opportunities
                    5.2.3.1 Rapid Development of Infrastructures
                    5.2.3.2 Increasing Number of Cloud Services
           5.2.4 Challenges
                    5.2.4.1 Issues Related to Global Spectrum
                    5.2.4.2 Government Regulations
    5.3 5G Trials and Deployments
    5.4 State of 5G Commercialization

6 5G IoT Market, By Connection (Page No. - 34)
    6.1 5G IoT Connections
           6.1.1 Emerging New Use Cases to Drive the Growth of IoT Connections

7 5G IoT Market, By Radio Technology (Page No. - 35)
    7.1 Introduction
    7.2 5G New Radio Standalone Architecture
           7.2.1 High Performances and Low Complexities to Drive the 5G New Radio Standalone Architecture Segment
    7.3 5G New Radio Non-Standalone Architecture
           7.3.1 Low Deployment Cost and Faster Route to Market to Drive the 5G New Radio Non-Standalone Architecture Segment

8 5G IoT Market, By Range (Page No. - 39)
    8.1 Introduction
    8.2 Short-Range IoT Devices
           8.2.1 Low Latency and High Power 5G Capabilities to Drive the Short-Range IoT Devices Segment
    8.3 Wide-Range IoT Devices
           8.3.1 Convergence of Verticals to Increase the Number of Wide-Range IoT Devices

9 5G IoT Market, By Vertical (Page No. - 43)
    9.1 Introduction
    9.2 Manufacturing
           9.2.1 5G Connectivity to Boost Automation in the Manufacturing Vertical
    9.3 Energy and Utilities
           9.3.1 IoT Solutions Improvise Analytics-Based Decision-Making By Diminishing the Threats and Vulnerabilities in the Energy and Utilities Vertical
    9.4 Government
           9.4.1 Connected Devices to Be Used to Keep Both Public and Citizen Spaces Safe
    9.5 Healthcare
           9.5.1 5G Provides Uninterrupted High-Speed Data Transfer for Short as Well as Long-Range Distances
    9.6 Transportation and Logistics
           9.6.1 Fleet Management to Drive the 5G IoT Market in the Transportation Vertical
    9.7 Mining
           9.7.1 5G IoT Network at Mining Sites Saves Energy
    9.8 Others

10 5G IoT Market, By Region (Page No. - 52)
     10.1 Introduction
     10.2 North America
             10.2.1 North America to Lead the Market Due to the Implementation of 5G Services By Telcos
     10.3 Europe
             10.3.1 Government Initiatives By European Union to Drive the Deployment of 5G Services in Europe
     10.4 Asia Pacific
             10.4.1 With A Strong Collaboration Strategy in Place, South Korea to Lead the 5G Path in Asia Pacific
     10.5 Rest of the World

11 Competitive Landscape (Page No. - 67)
     11.1 Overview
     11.2 Competitive Scenario
             11.2.1 Partnerships and Collaboration
             11.2.2 New Service Launches
             11.2.3 Acquisitions
             11.2.4 Business Expansion and Network Expansion

12 Company Profiles (Page No. - 71)
     12.1 Introduction
(Business Overview, Recent Developments, and MnM View)*
     12.2 Ericsson
     12.3 Nokia
     12.4 Huawei
     12.5 AT&T
     12.6 Verizon
     12.7 Sprint
     12.8 Telefónica
     12.9 BT Group
     12.10 Vodafone
     12.11 Telstra
     12.12 Etisalat
     12.13 Telus
     12.14 Bell Canada
     12.15 Singtel
     12.16 Rogers

*Details on Business Overview, Recent Developments, and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 95)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Available Customization
     13.4 Related Reports
     13.5 Author Details


List of Tables (39 Tables)

Table 1 United States Dollar Exchange Rate, 2015–2017
Table 2 5G IoT Market: Factor Analysis
Table 3 5G IoT Connections, 2020–2025 (Unit Million)
Table 4 5G IoT Market Size, By Radio Technology, 2020–2025 (USD Million)
Table 5 5G New Radio Standalone Architecture: Market Size By Region, 2020–2025 (USD Million)
Table 6 5G New Radio Non-Standalone Architecture: Market Size By Region, 2020–2025 (USD Million)
Table 7 5G IoT Market Size, By Range, 2020–2025 (USD Million)
Table 8 Short-Range IoT Devices: Market Size By Region, 2020–2025 (USD Million)
Table 9 Wide-Range IoT Devices: Market Size By Region, 2020–2025 (USD Million)
Table 10 5G IoT Market Size, By Vertical, 2020–2025 (USD Million)
Table 11 Manufacturing: Market Size By Region, 2020–2025 (USD Million)
Table 12 Energy and Utilities: Market Size By Region, 2020–2025 (USD Million)
Table 13 Government: Market Size By Region, 2020–2025 (USD Million)
Table 14 Healthcare: Market Size By Region, 2020–2025 (USD Million)
Table 15 Transportation and Logistics: Market Size By Region, 2020–2025 (USD Million)
Table 16 Mining: Market Size By Region, 2020–2025 (USD Million)
Table 17 Others: Market Size By Region, 2020–2025 (USD Million)
Table 18 5G IoT Market Size, By Region, 2020–2025 (USD Million)
Table 19 5G IoT Connections, By Region, 2020–2025 (Million)
Table 20 North America: 5G IoT Connections, 2020–2025 (Million)
Table 21 North America: Market Size By Radio Technology, 2020–2025 (USD Million)
Table 22 North America: Market Size By Range, 2020–2025 (USD Million)
Table 23 North America: Market Size By Vertical, 2020–2025 (USD Million)
Table 24 Europe: 5G IoT Connections, 2020–2025 (Million)
Table 25 Europe: 5G IoT Market Size, By Radio Technology, 2020–2025 (USD Million)
Table 26 Europe: Market Size By Range, 2020–2025 (USD Million)
Table 27 Europe: Market Size By Vertical, 2020–2025 (USD Million)
Table 28 Asia Pacific: 5G IoT Connections, 2020–2025 (Million)
Table 29 Asia Pacific: 5G IoT Market Size, By Radio Technology, 2020–2025 (USD Million)
Table 30 Asia Pacific: Market Size By Range, 2020–2025 (USD Million)
Table 31 Asia Pacific: Market Size By Vertical, 2020–2025 (USD Million)
Table 32 Rest of the World: 5G IoT Connections, 2020–2025 (Million)
Table 33 Rest of the World: 5G IoT Market Size, By Radio Technology, 2020–2025 (USD Million)
Table 34 Rest of the World: Market Size By Range, 2020–2025 (USD Million)
Table 35 Rest of the World: Market Size By Vertical, 2020–2025 (USD Million)
Table 36 Partnership and Collaboration, 2019
Table 37 New Service Launches, 2018
Table 38 Acquisitions, 2018–2019
Table 39 Business Expansion and Network Expansion, 2018–2019


List of Figures (32 Figures)

Figure 1 5G IoT Market: Research Design
Figure 2 Research Methodology
Figure 3 5G IoT Market: Top-Down and Bottom-Up Approaches
Figure 4 5G IoT Market: Holistic View
Figure 5 5G IoT Market: Growth Trend
Figure 6 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 7 Growing Connected IoT Devices to Drive the Market Growth During the Forecast Period
Figure 8 Short-Range IoT Devices Segment to Hold A Higher Share in the 5G IoT Market in 2020
Figure 9 Short-Range IoT Devices and 5G NR Non-Standalone Architecture Segments to Hold Higher Shares in the Market in 2020, in North America
Figure 10 Short-Range IoT Devices and 5G NR Non-Standalone Architecture Segments to Hold Higher Shares in the Market in 2020, in Europe
Figure 11 Short-Range IoT Devices and 5G NR Non-Standalone Architecture Segments to Hold Higher Shares in the Market in 2020, in Asia Pacific
Figure 12 Drivers, Restraints, Opportunities, and Challenges: 5G IoT Market
Figure 13 5G Commercialization
Figure 14 5G New Radio Standalone Architecture Segment to Grow at A Higher CAGR During the Forecast Period
Figure 15 Wide-Range IoT Devices Segment to Grow at A Higher CAGR During the Forecast Period
Figure 16 Healthcare Vertical to Grow at the Highest CAGR During the Forecast Period
Figure 17 North America to Dominate the 5G IoT Market During the Forecast Period
Figure 18 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 19 North America: Market Snapshot
Figure 20 Asia Pacific: Market Snapshot
Figure 21 Key Developments By the Leading Players in the 5G IoT Market (2018–2019)
Figure 22 Market Evaluation Framework, 2017–2019
Figure 23 Ericsson: Company Snapshot
Figure 24 Nokia: Company Snapshot
Figure 25 Huawei: Company Snapshot
Figure 26 AT&T: Company Snapshot
Figure 27 Verizon: Company Snapshot
Figure 28 Sprint: Company Snapshot
Figure 29 Telefónica: Company Snapshot
Figure 30 BT Group: Company Snapshot
Figure 31 Vodafone: Company Snapshot
Figure 32 Telstra: Company Snapshot

The study involved 4 major activities to estimate the current market size of the 5G IoT market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakup and data triangulation procedures were used to estimate the market size of the segments and subsegments of the 5G IoT market.

Secondary Research

In the secondary research process, various secondary sources, such as D&B Hoovers, and Bloomberg BusinessWeek, have been referred to, for identifying and collecting information for this study. These secondary sources included annual reports; press releases and investor presentations of companies; whitepapers, certified publications, and articles by recognized authors; gold standard and silver standard websites; crypto asset management technology Research and Development (R&D) organizations; regulatory bodies; and databases.

Primary Research

Various primary sources from both the supply and demand sides of the 5G IoT market ecosystem were interviewed to obtain qualitative and quantitative information for this study. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various vendors who provide smart cities services and associated solution providers operating in the targeted regions. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The following is the breakup of the primary respondents:

5G IoT Market

To know about the assumptions considered for the study, download the pdf brochure

5G IoT Market Size Estimation

For estimating and forecasting the 5G IoT market and the other dependent submarkets, top-down and bottom-up approaches were used. The bottom-up procedure was used to arrive at the overall market size of the global 5G IoT market using the revenues and offerings of the key companies in the market. The research methodology used to estimate the market size included the following:

  • The key players in the market were identified through extensive secondary research.
  • The market size, in terms of value, was determined through primary and secondary research processes.
  • All percentage shares, splits, and breakups were determined using secondary sources and verified through primary sources.

Data Triangulation

With data triangulation and validation through primary interviews, the exact value of the overall parent market size was determined and confirmed using this study. The overall market size was then used in the top-down procedure to estimate the size of the other individual markets via percentage splits of the market segmentation.

Report Objectives

  • To define, describe, and forecast the global 5G IoT market by platform type (connectivity management platform, integration platform, device management platform, security platform, and data management platform); service, delivery model, and regions
  • To provide detailed information about the major factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market
  • To analyze the market’s subsegments with respect to the individual growth trends, prospects, and contributions to the total market
  • To analyze the opportunities in the market for stakeholders and provide the competitive landscape of the market
  • To forecast the revenue of the market’s segments with respect to 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA)
  • To profile the key players and comprehensively analyze their recent developments and positioning in the 5G IoT market
  • To analyze the competitive developments, such as mergers and acquisitions, new product developments, and R&D activities, in the market

Scope of the Report

Report Metrics

Details

Market size available for years

2020—2025

Estimated year considered

2020

Forecast period

2020—2025

Forecast units

Billion (USD)

Segments covered

Connection, Radio Technology, Range, Verticals, and Regions.

Geographies covered

North America, Europe, APAC, and RoW

Companies covered

Ericsson (Sweden), Nokia (Finland), Huawei (China), AT&T (US), Verizon (US), Sprint (US), Telefónica (Spain), BT Group (UK), Vodafone (UK), Telstra (Australia), Etisalat (UAE), Telus (Canada), Bell Canada (Canada), Singtel (Singapore), and Rogers (Canada)

The research report categorizes the 5G IoT market to forecast the revenues and analyze trends in each of the following subsegments:

By Connection

  • 5G IoT Connections

By Radio Technology

  • 5G NR Standalone Architecture
  • 5G NR Non-Standalone Architecture

By Range

  • Short Range IoT Devices
  • Wide Range IoT Devices

By Vertical

  • Manufacturing
  • Energy and Utilities
  • Government
  • Healthcare
  • Transportation and Logistics
  • Mining
  • Others

By Region

  • North America
  • Europe
  • APAC
  • Rest of the World

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific requirements. The following customization options are available for the report:

Geographic Analysis

  • Further breakup of the North American 5G IoT market
  • Further breakup of the European market
  • Further breakup of the APAC market
  • Further breakup of the RoW market into
    • Further breakup of the MEA market
    • Further breakup of the Latin American market

Company Information

  • Detailed analysis and profiles of additional market players
Report Code
TC 7021
Published ON
Apr, 2019
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