5G IoT Market

5G IoT Market by Component (Hardware, Platform, Connectivity, and Services), Network Type (5G Standalone and 5G Non-Standalone), Organization Size, Type (Short-range IoT Devices, Wide-range IoT Devices), End Users and Region - Global Forecast to 2028

Report Code: TC 7021 Mar, 2023, by marketsandmarkets.com

[293 Pages Report] The global 5G IoT market size is projected to grow from USD 13.2 billion in 2023 to USD 59.7 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 35.1% during the forecast period. Increasing mobile network data traffic is driving the market growth.

5G IoT Market

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5G IoT Market Dynamics

Driver: Unleashing massive 5G IoT ecosystem and critical communication services

The growing popularity of IoT use cases in various sectors relying on connectivity spanning large areas and the increasing need to handle many connections have driven the demand for massive IoT technologies. Today, massive IoT is emerging as a new focal point for IoT connectivity technologies. It is an attractive opportunity for 5G, but telcos still rely on the current cellular IoT standards, such as the Narrowband Internet of Things (NB-IoT) in the early 5G era. 5G networks are expected to support the massive rollout of intelligent IoT nodes for a multitude of scenarios. They would also provide a competent platform to support the widespread adoption of critical communications services. Massive Machine Type Communication (mMTC) is developed as a part of the 3rd Generation Partnership Project (3GPP) Release 13/14 Low Power Wide Area Network (LPWAN) technologies, which include NB-IoT. These technologies are expected to meet most 5G mMTC requirements. The widespread adoption of IoT and continuous advancements in Machine-to-Machine (M2M) communication networks are transforming various verticals by connecting all types of devices, appliances, systems, and services.

Restraint: Lack of standardization in IoT protocols

As a diverse range of devices needs to be connected, the need to coordinate with these different devices has increased. Various devices use different hardware, run over different platforms, and are manufactured by different vendors. This incompatibility among devices, sensors, and even interfaces of remote servers causes the interoperability challenge in the IoT space. IoT involves every aspect of human life, and the challenge lies in unifying these standards so that M2M communication becomes user-friendly and flexible. Several associations and organizations are working toward resolving this issue. The existing interoperability standards, such as MTConnect, Ethernet for Control Automation Technology (EtherCAT), MCS-DCS Interface Standardization (MDIS), Master Control System (MCS), Distributed Control System (DCS), and Interface Standardization, promote data interchange across heterogeneous domains and industries. Companies currently use custom Application Programming Interfaces (APIs) and solutions for every IoT project. A common protocol and communication standard is required to enable communication among IoT-enabled devices to share data or form an intelligent network.

Opportunity: Development of smart infrastructure

Infrastructural initiatives, such as smart cities and smart buildings, are conceptual models designed to deliver a set of cutting-edge services and infrastructure. A smart city can be defined as a city that efficiently deploys its ICT infrastructure to improve the quality of life and augment the efficiency of urban operations and services. The city can be considered smart if it adheres to the following components: smart transportation, smart buildings, smart utilities, and smart citizen services. Therefore, the successful implementation of smart city projects heavily depends on the technologies—data communications, cloud, mobility, and sensors—which collectively form IoT. Due to a huge demand for rapid connectivity and fast communication, 5G services can see huge opportunities in the future.

Challenge: Risk of uncertainty in terms of RoIs

Enterprises consider 5G as an enabler of their evolving IoT agendas. IoT improves the effectiveness of enterprise operations and ensures proper asset usage, extends equipment service life, and improves reliability and return on assets. However, IoT deployments in various industries incur several huge initial investments, such as spending on hardware (sensors and gateways), connectivity, cloud storage, administrative labor, and technical support. There is uncertainty related to Return on Investments (RoIs). Thus, businesses have to consider how quickly they can introduce new solutions and how fast it would take for a solution to start generating revenue. Therefore, in various countries, SMEs do not get easily ready to incur such huge initial costs of IoT deployment, which can hinder market growth. 5G networks can provide advantages, such as Control and User Plane Separation (CUPS) and network slicing. Operators need end-to-end 5G networks to be expansible and flexible to efficiently deliver extensive services to users, which finally brings competitive advantages to operators.

5G IoT Market Ecosystem

Prominent companies in this market include a well-established, financially stable provider of 5G IoT solutions and services. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Prominent companies in this market include China Mobile (China), AT&T (US), Verizon (US), T-Mobile US, INC. (US), Vodafone Group plc (UK), Orange SA (France), Telefónica S.A. (Spain), SK Telecom Co., Ltd (South Korea), Deutsche Telekom AG (Germany), Ericsson (Sweden), Huawei Technologies Co., Ltd. (US), Nokia Corporation (Finland), Samsung Electronics (South Korea), Cisco Systems (US), NEC Corporation (Japan).

5G IoT Market Size, and Share

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Wide-range IoT devices segment to grow at higher growth rate during forecast period

Several wireless standards are limited by their range, which is challenging for a number of useful applications that require much longer paths. To overcome the challenge, a collection of newer, longer-range wireless technologies has developed Low-Power Wide-Area Networks (LPWANs). These can overcome challenges between traditional short-range technologies and the more costly M2M alternatives. The features offered by LoRa devices are long-range, low power consumption, and secure data transmission for IoT applications. It provides a greater range than cellular networks. It can be used by public, private, or hybrid networks. The technology can easily plug into current infrastructure and enables low-cost battery-operated IoT applications.

Manufacturing segment to account for largest market share during forecast period

With Industry 4.0 underway, the introduction of 5G has accelerated the development of Intelligent factories of the future with its high capacity, wireless flexibility, and low-latency performance capabilities. Manufacturers are embracing digitalization to curb costs and improve ROI, and 5G IoT assures new process efficiencies and cutting-edge technological advancements, thereby increasing profitability and shop floor productivity. Industry 4.0 is expected to be fueled by cyber-physical systems and IoT, which would require the support of 5G networks. This would enable efficient, connected, and flexible factories of the future.

Asia Pacific to account for largest market share during forecast period

Asia Pacific to witness largest market share during the forecast period. This can be attributed to the significant adoption of advanced technologies, the proliferation of IoT-enabled devices, continuously enhancing network connectivity, and government initiatives for IoT. Asia Pacific is one of the biggest markets for connected devices. The region is a strong adopter of IoT-based devices due to its unique combination of government advocacy, manufacturing roots, and R&D know-how.

5G IoT Market Size, and Share

Key Market Players

The 5G IoT market vendors have implemented various organic and inorganic growth strategies, such as new product launches, product upgrades, partnerships and agreements, business expansions, and mergers and acquisitions to strengthen their offerings in the market. The major vendors in the global 5G IoT market are China Mobile (China), AT&T (US), Verizon (US), T-Mobile US, INC. (US), Vodafone Group plc (UK), Orange SA (France), Telefónica S.A. (Spain), SK Telecom Co., Ltd (South Korea), Deutsche Telekom AG (Germany), Ericsson (Sweden), Huawei Technologies Co., Ltd. (US), Nokia Corporation (Finland), Samsung Electronics (South Korea), Cisco Systems (US), NEC Corporation (Japan), Semtech Corporation (US), Telit Cinterion (US), Quectel Wireless Solutions Co., Ltd (China), GosuncnWelink Corporation (China), Neoway Technology Co. Ltd. (China), Fibocom Wireless Inc. (China), u-blox AG (Switzerland), Sunsea AIOT Technology Co. Ltd. (China), Omniflow (Portugal), Tri Cascade Inc. (US), Celona (US), and Sequans Communications (France). The study includes an in-depth competitive analysis of these key players in the 5G IoT market with their company profiles, recent developments, and key market strategies.

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Scope of the Report

Report Metrics

Details

Market size available for years

2020–2028

Base year considered

2022

Forecast period

2023–2028

Forecast units

Value (USD Million/Billion)

Segments covered

By component, network type, organization size, type, end user, and region

Regions covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

Companies covered

China Mobile (China), AT&T (US), Verizon (US), T-Mobile US, INC. (US), Vodafone Group plc (UK), Orange SA (France), Telefónica S.A. (Spain), SK Telecom Co., Ltd (South Korea), Deutsche Telekom AG (Germany), Ericsson (Sweden), Huawei Technologies Co., Ltd. (US), Nokia Corporation (Finland), Samsung Electronics (South Korea), Cisco Systems (US), NEC Corporation (Japan), Semtech Corporation (US), Telit Cinterion (US), Quectel Wireless Solutions Co., Ltd (China), GosuncnWelink Corporation (China), Neoway Technology Co. Ltd. (China), Fibocom Wireless Inc. (China), u-blox AG (Switzerland), Sunsea AIOT Technology Co. Ltd. (China), Omniflow (Portugal), Tri Cascade Inc. (US), Celona (US), and Sequans Communications (France)

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

By Component
  • Hardware
  • Platform
  • Connectivity
  • Services
    • Consulting Services
    • Deployment and Integration Services
    • Support and Maintenance Services
By Network Type
  • 5G Standalone
  • 5G Non-standalone
By Organization Size
  • Large Enterprises
  • SMEs
By Type
  • Short-range IoT Devices
  • Wide-range IoT Devices
By End User
  • Manufacturing
    • Industrial Automation
    • Predictive Maintenance
    • Asset Monitoring
  • Healthcare
    • Remote Patient Monitoring
    • Connected Ambulance
    • Asset Tracking for Medical Devices
    • Connected Medical Devices
  • Energy and Utilities
    • Smart Grid
    • Smart Meter
    • Pipeline Management
  • Automotive and Transportation
    • Fleet Management/Telematics
    • Connected Car
    • Autonomous Vehicle
  • Supply Chain and Logistics
    • Asset Tracking
    • Inventory Management
    • Logistics and Warehouse Automation
  • Agriculture
    • Precision farming
    • Livestock Monitoring
    • Asset Tracking
  • Government and Public Safety
    • Smart Parking
    • Smart Street Lighting
    • Autonomous vehicle
    • Water and Waste Management
    • Public Safety and Surveillance
    • Environment Monitoring
  • Other End Users
    • Retail
      • Digital Signage
      • Smart Vending and Kiosks
    • Smart Building
      • Security and Surveillance
      • Facility Management
      • Building Automation
    • Education
      • Connected Classroom
By Region
  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Nordic Region
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia and New Zealand
    • Southeast Asia
    • Rest of Asia Pacific
  • Middle East & Africa
    • Middle East
      • UAE
      • KSA
      • Rest of Middle East
    • Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Recent Developments:

  • In October 2022, T Mobile, Cradlepoint, and Bosch, collaborated to enable advanced IoT connectivity solutions, such as autonomous vehicles, robotics, and AR/VR, using 5G Wireless WAN technology.
  • In January 2022, Verizon and Atos partnered to power intelligent IoT solutions with private 5G multi-access edge computing for consumers. The 5G edge solution will alter how companies influence predictive analytics. The solution will let them enhance operational efficiency, mitigate risk and increase revenue.
  • In August 2021, InVideo acquired the website KIZOA. InVideo bought the website KIZOA, a 13-year-old video editing software platform with 18 million registered accounts to the web service worldwide. InVideo’s purchase of Kizoa increased its market share in the online video editor sector.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION 
    1.1 STUDY OBJECTIVES  
    1.2 MARKET DEFINITION 
    1.3 MARKET SCOPE 
           1.3.1 MARKETS COVERED 
           1.3.2 GEOGRAPHIC SCOPE  
           1.3.3 INCLUSIONS AND EXCLUSIONS 
           1.3.4 YEARS CONSIDERED 
    1.4 CURRENCY  
    1.5 LIMITATIONS 
    1.6 STAKEHOLDERS 
    1.7 SUMMARY OF CHANGES 
           1.7.1 RECESSION IMPACT
 
2 RESEARCH METHODOLOGY 
    2.1 RESEARCH DATA 
           2.1.1 SECONDARY DATA
                    2.1.1.1 Secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews with experts
                    2.1.2.2 List of key primary interview participants
                    2.1.2.3 Breakdown of primaries
                    2.1.2.4 Primary sources
                    2.1.2.5 Key industry insights
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH 
           2.2.3  5G IOT MARKET ESTIMATION: DEMAND-SIDE ANALYSIS 
           2.2.4  5G IOT MARKET ESTIMATION: SUPPLY-SIDE ANALYSIS 
           2.2.5 GROWTH FORECAST ASSUMPTIONS
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 
    2.4 RESEARCH ASSUMPTIONS  
           2.4.1 FACTOR ASSESSMENT 
    2.5 IMPLICATION OF RECESSION ON 5G IOT MARKET 
 
3 EXECUTIVE SUMMARY 
 
4 PREMIUM INSIGHTS 
    4.1 ATTRACTIVE OPPORTUNITIES IN THE GLOBAL 5G IOT MARKET 
    4.2 5G IOT MARKET, BY COMPONENT AND SERVICE 
    4.3 5G IOT MARKET, BY END USER AND REGION 
 
5 MARKET OVERVIEW 
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           5.2.1 DRIVERS
           5.2.2 RESTRAINTS
           5.2.3 OPPORTUNITIES
           5.2.4 CHALLENGES
    5.3 INDUSTRY TRENDS 
           5.3.1 ECOSYSTEM: 5G IOT MARKET
           5.3.2 CASE STUDIES
                    5.3.2.1 Use Case 1
                    5.3.2.2 Use Case 2
                    5.3.2.3 Use case 3
                    5.3.2.4 Use Case 4
                    5.3.2.5 Use Case 5
           5.3.3 PATENT ANALYSIS
                    5.3.3.1 Methodology
                    5.3.3.2 Types of Patents
                    5.3.3.3 Innovation And Patent Applications
                               5.3.3.3.1 Top applicants
           5.3.4 VALUE CHAIN ANALYSIS
           5.3.5 PORTER’S FIVE FORCES ANALYSIS
                    5.3.5.1 Threat of new entrants
                    5.3.5.2 Threat of substitutes
                    5.3.5.3 Bargaining power of suppliers
                    5.3.5.4 Bargaining power of buyers
                    5.3.5.5 Intensity of competitive rivalry
           5.3.6 TRENDS/DISRUPTIONS IMPACTING BUYERS/CLIENTS
           5.3.7 PRICING ANALYSIS
                    5.3.7.1 Average selling price of key players, by application
                    5.3.7.2 Average selling price trend
           5.3.8 TECHNOLOGY ANALYSIS
                    5.3.8.1 Wi-Fi
                    5.3.8.2 WiMAX 
                    5.3.8.3 Multefire
                    5.3.8.2 Small Cell Network 
                    5.3.8.3 LTE Network
           5.3.9 KEY CONFERENCES AND EVENTS IN 2022-2023
           5.3.10 KEY STAKEHOLDERS AND BUYING CRITERIA
           5.3.11 REGULATORY LANDSCAPE
                    5.3.11.1 REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS
 
6 5G IOT MARKET SIZE, BY COMPONENT 
    6.1 INTRODUCTION 
           6.1.1 COMPONENT: MARKET DRIVERS
    6.2 HARDWARE 
    6.3 PLATFORM 
    6.4 CONNECTIVITY 
    6.5 SERVICES 
           6.5.1 PROFESSIONAL SERVICES
                    6.5.1.1 Consulting
                    6.5.1.2 Deployment and Integration  
                    6.5.1.3 Support and Maintenance
           6.5.2 MANAGED SERVICES
 
7 5G IOT MARKET SIZE, BY NETWORK TYPE 
    7.1 INTRODUCTION 
           7.1.1 NETWORK TYPE: MARKET DRIVERS
    7.2 5G STANDALONE  
    7.3 5G NON-STANDALONE 
 
8 5G IOT MARKET SIZE, BY ORGANIZATION SIZE 
    8.1 INTRODUCTION 
           8.1.1 ORGANIZATION SIZE: MARKET DRIVERS
    8.2 LARGE ENTERPRISE  
    8.3 SMES 
 
9 5G IOT MARKET SIZE, BY TYPE 
    9.1 INTRODUCTION 
           9.1.1 TYPE: MARKET DRIVERS
    9.2 SHORT-RANGE IOT DEVICES 
    9.3 WIDE-RANGE IOT DEVICES 
 
10 5G IOT MARKET SIZE, BY END USER 
     10.1 INTRODUCTION 
             10.1.1 END USER: MARKET DRIVERS
     10.2 MANUFACTURING 
             10.2.1 INDUSTRIAL AUTOMATION
             10.2.2 PREDICTIVE MAINTENANCE
             10.2.3 ASSET MONITORING
     10.3 HEALTHCARE 
             10.3.1 REMOTE PATIENT MONITORING
             10.3.2 CONNECTED MEDICAL DEVICES
             10.3.3 ASSET TRACKING FOR MEDICAL DEVICES
             10.3.4 CONNECTED AMBULANCE
     10.4 ENERGY AND UTILITIES 
             10.4.1 SMART GRID
             10.4.2 SMART METER
             10.4.3 PIPELINE MANAGEMENT
     10.5 AUTOMOTIVE AND TRANSPORTATION 
             10.5.1 FLEET MANAGEMENT/TELEMATICS
             10.5.2 CONNECTED CAR
             10.5.3 AUTONOMOUS VEHICLE
     10.6 SUPPLY CHAIN AND LOGISTICS 
             10.6.1 ASSET TRACKING
             10.6.2 INVENTORY MANAGEMENT
             10.6.3 LOGISTICS AND WAREHOUSE AUTOMATION
     10.7 AGRICULTURE 
             10.7.1 PRECISION FARMING
             10.7.2 LIVESTOCK MONITORING
             10.7.3 ASSET TRACKING
     10.8 GOVERNMENT AND PUBLIC SAFETY 
             10.8.1 SMART PARKING
             10.8.2 SMART STREET LIGHTING
             10.8.3 WATER AND WASTE MANAGEMENT
             10.8.4 PUBLIC SAFETY AND SURVEILLANCE
             10.8.5 ENVIRONMENT MONITORING
     10.10 OTHER END USERS 
               10.10.1 RETAIL
            10.10.1.1 Digital Signage
            10.10.1.2 Smart Vending and Kiosks
               10.10.2 SMART BUILDING
            10.10.2.1 Security and Surveillance
            10.10.2.2 Facility Management 
            10.10.2.3 Building Automation  
               10.10.3 EDUCATION
            10.10.3.1 Connected Classroom
 
11 5G IOT MARKET SIZE, BY REGION 
     11.1 INTRODUCTION 
     11.2 NORTH AMERICA 
             11.2.1 NORTH AMERICA: RECESSION IMPACT
             11.2.2 NORTH AMERICA: PESTLE ANALYSIS
             11.2.3 UNITED STATES
             11.2.4 CANADA
     11.3 EUROPE 
             11.3.1 EUROPE: RECESSION IMPACT
             11.3.2 EUROPE: PESTLE ANALYSIS
             11.3.3 UNITED KINGDOM
             11.3.4 GERMANY
             11.3.5 FRANCE
             11.3.6 SPAIN
             11.3.7 ITALY
             11.3.8 NORDICS
             11.3.9 REST OF EUROPE
     11.4 ASIA PACIFIC 
             11.4.1 ASIA PACIFIC: RECESSION IMPACT
             11.4.2 ASIA PACIFIC: PESTLE ANALYSIS
             11.4.3 CHINA
             11.4.4 JAPAN
             11.4.5 INDIA
             11.4.6 AUSTRALIA AND NEW ZEALAND
             11.4.7 SOUTHEAST ASIA
             11.4.8 REST OF ASIA PACIFIC
     11.5 MIDDLE EAST AND AFRICA 
             11.5.1 MIDDLE EAST AND AFRICA: RECESSION IMPACT
             11.5.2 MIDDLE EAST AND AFRICA: PESTLE ANALYSIS
             11.5.3 MIDDLE EAST
                       11.5.3.1 UAE
                       11.5.3.2 KSA
                       11.5.3.3 Rest of Middle East
             11.5.4 AFRICA
                       11.5.4.1 South Africa
                       11.5.4.2 Egypt
                       11.5.4.3 Nigeria
                       11.5.4.4 Rest of Africa
     11.6 LATIN AMERICA 
             11.6.1 LATIN AMERICA: RECESSION IMPACT
             11.6.2 LATIN AMERICA: PESTLE ANALYSIS
             11.6.3 BRAZIL
             11.6.4 MEXICO
             11.6.5 REST OF LATIN AMERICA
 
12 COMPETITIVE LANDSCAPES 
     12.1 OVERVIEW 
     12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 
             12.2.1 OVERVIEW OF STRATEGIES DEPLOYED BY KEY 5G IOT SOLUTION PROVIDERS
     12.3 REVENUE ANALYSIS OF TOP MARKET PLAYERS 
     12.4 MARKET SHARE ANALYSIS OF TOP MARKET PLAYERS 
     12.5 KEY COMPANY EVALUATION QUADRANT 
             12.5.1 STARS
             12.5.2 EMERGING LEADERS
             12.5.3 PERVASIVES
             12.5.4 PARTICIPANTS
     12.6 COMPETITIVE BENCHMARKING 
     12.7 STARTUP/SME EVALUATION QUADRANT 
             12.7.1 PROGRESSIVE COMPANIES
             12.7.2 RESPONSIVE COMPANIES
             12.7.3 DYNAMIC COMPANIES
             12.7.4 STARTING BLOCKS
     12.8 COMPETITIVE SCENARIO AND TRENDS 
             12.8.1 PRODUCT LAUNCHES
             12.8.2 DEALS
             12.8.3 OTHERS
 
13 COMPANY PROFILES 
     13.1 INTRODUCTION 
     13.2 KEY PLAYERS 
             13.2.1 CHINA MOBILE
                       13.2.1.1 Business and Financial overview
                       13.2.1.2 Recent developments
                       13.2.1.3 MNM View
                                   13.2.1.3.1 Key strengths/right to win
                                   13.2.1.3.2 Strategic choices made
                                   13.2.1.3.3 Weaknesses and competitive threats
             13.2.2 AT&T
                       13.2.2.1 Business and Financial Overview
                       13.2.2.2 Recent developments
                       13.2.2.3 MNM View
                                   13.2.2.3.1 Key strengths/right to win
                                   13.2.2.3.2 Strategic choices made
                                   13.2.2.3.3 Weaknesses and competitive threats
             13.2.3 VERIZON
                       13.2.3.1 Business and Financial Overview
                       13.2.3.2 Recent developments
                       13.2.3.3 MNM View
                                   13.2.3.3.1 Key strengths/right to win
                                   13.2.3.3.2 Strategic choices made
                                   13.2.3.3.3 Weaknesses and competitive threats
             13.2.4 T-MOBILE US
                       13.2.4.1 Business and Financial Overview
                       13.2.4.2 Recent Developments
                       13.2.4.3 MNM View
                                   13.2.4.3.1 Key strengths/right to win
                                   13.2.4.3.2 Strategic choices made
                                   13.2.4.3.3 Weaknesses and competitive threats
             13.2.5 VODAFONE GROUP
                       13.2.5.1 Business and Financial Overview
                       13.2.5.2 Recent Developments
                       13.2.5.3 MnM View
                                   13.2.5.3.1 Key strengths/right to win
                                   13.2.5.3.2 Strategic choices made
                                   13.2.5.3.3 Weaknesses and competitive threats
             13.2.6 ORANGE 
                       13.2.6.1 Business and Financial Overview
                       13.2.6.2 Recent developments
             13.2.7 TELEFÓNICA
                       13.2.7.1 Business and Financial Overview
                       13.2.7.2 Recent developments
             13.2.8 SK TELECOM
                       13.2.8.1 Business and Financial Overview
                       13.2.8.2 Recent developments
             13.2.9 HUAWEI
                       13.2.9.1 Business and Financial Overview
                       13.2.9.2 Recent developments
             13.2.10 ERICSSON
                       13.2.10.1 Business and Financial Overview
                       13.2.10.2 Recent developments
             13.2.11 NOKIA
                       13.2.11.1 Business and Financial Overview
                       13.2.11.2 Recent developments
             13.2.12 SAMSUNG
                       13.2.12.1 Business and Financial Overview
                       13.2.12.2 Recent developments
             13.2.13 CISCO
                       13.2.13.1 Business and Financial Overview
                       13.2.13.2 Recent developments
             13.2.14 NEC
                       13.2.14.1 Business and Financial Overview
                       13.2.14.2 Recent developments
             13.2.15 DEUTSCHHE TELEKOM
             13.2.16 SEMTECH CORPORATION
             13.2.17 QUECTEL
             13.2.18 FIBOCOM
             13.2.19 U-BLOX
     13.3 STARTUPS/SMES 
             13.3.1 TELIT CINTERION
             13.3.2 GOSUNCNWELINK
             13.3.3 NEOWAY TECHNOLOGY
             13.3.4 SEQUANS COMMUNICATIONS
             13.3.5 SUNSEA TELECOMMUNICATIONS
             13.3.6 OMNIFLOW
             13.3.7 TRI CASCADE
             13.3.8 CELONA
(The list of players is subject to further modification over the course of research)
 
14 ADJACENT AND RELATED MARKETS 
     14.1 ADJACENT AND RELATED MARKETS 
     14.2 5G SERVICES MARKET 
             14.2.1 MARKET DEFINITION
             14.2.2 MARKET OVERVIEW
     14.3 IOT PROFESSIONAL SERVICES MARKET 
             14.3.1 MARKET DEFINITION
             14.3.2 MARKET OVERVIEW
 
15 APPENDIX 
     15.1 DISCUSSION GUIDE 
     15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL 
     15.3 AVAILABLE CUSTOMIZATIONS 
     15.4 RELATED REPORTS 
     15.5 AUTHOR DETAILS 

The 5G IoT market study involved the extensive use of secondary sources, directories, and databases, such as D&B Hoovers, Bloomberg Businessweek, and Factiva. Other market-related sources, such as journals and white papers from industry associations, were also considered while conducting the secondary research. Primary sources were mainly industry experts from core and related industries, preferred system developers, service providers, System Integrators (SIs), resellers, partners, and organizations related to the various segments of the industry’s value chain. In-depth interviews were conducted with various primary respondents to obtain and verify critical qualitative and quantitative information and assess the market’s prospects. These respondents included key industry participants, subject matter experts, C-level executives of key market players, and industry consultants.

Secondary Research

In the secondary research process, various secondary sources were referred to for identifying and collecting information for the study. The secondary sources included annual reports, press releases, investor presentations of companies, white papers, certified publications, and articles from recognized associations and government publishing sources. Several journals such as the International Journal of Computer Science and Information Technology and Security (IJCSITS), ScienceDirect, ResearchGate, Academic Journals, Scientific.Net, and various telecom and 5G IoT associations/forums, Citizens Broadband Radio Service (CBRS) Alliance, MulteFire Alliance, and 3GPP were also referred. Secondary research was mainly used to obtain key information about industry insights, the market’s monetary chain, the overall pool of key players, market classification, and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both market and technology-oriented perspectives.

Primary Research

In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information for the report. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Chief Technology Officers (CTOs), Chief Operating Officers (COOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the 5G IoT market. The primary sources from the demand side included 5G IoT network end users, network administrators/consultants/specialists, Chief Information Officers (CIOs), and subject-matter experts from enterprises and government associations.

After the complete market engineering process (including calculations for market statistics, market breakdown, market size estimations, market forecast, and data triangulation), extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. Primary research was also conducted to identify and validate the segmentation types; industry trends; key players; the competitive landscape of the market; and key market dynamics, such as drivers, restraints, opportunities, challenges, industry trends, and key strategies.

In the complete market engineering process, both top-down and bottom-up approaches and several data triangulation methods were used to perform the market estimation and forecast for the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analysis was performed on the complete market engineering process to list the key information/insights throughout the report.

Breakdown of Primary Interviews

5G IoT Market Size, and Share

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

Company Name

Designation

T-Mobile

IoT Enterprise Manager

NEC Corporation

Senior Project Manager

China Mobile

Project Manager

Telefónica

5G and IoT Solutions Manager

Market Size Estimation

Multiple approaches were adopted to estimate and forecast the market size of the 5G IoT market. The first approach involves the estimation of market size by summing up the revenue generated by companies through the sale of 5G IoT components, such as hardware, platform, connectivity, and services.

5G IoT Market: Bottom-Up Approach

5G IoT Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

5G IoT Market: Top-Down Approach

5G IoT Market Size, and Share

Data Triangulation

In the top-down approach, the overall market size was used to estimate the size of the individual market segments through percentage splits obtained from secondary and primary research.

The most appropriate immediate parent market size was used to implement the top-down approach to calculate specific market segments. The bottom-up approach was implemented for the data obtained from secondary research to validate the market size of various segments.

The market share of each company was obtained to verify the revenue share used in the bottom-up approach. Through data triangulation and validation of data with the help of primary research, the overall parent market size and each market segment size were determined.

Market Definition

The 5G IoT market refers to the usage of 5G technology for connecting Internet of Things (IoT) devices in a short and wide range, coupled with extraordinary bandwidth, wider network capacity and coverage, low latency, greater security, and higher power efficiency. The market comprises hardware, platform, connectivity, and services enabling 5G IoT connectivity for billions of IoT devices with the right speed, power, security, and latency combination.

Key Stakeholders

  • Network Infrastructure Enablers
  • Technology Vendors
  • Mobile Network Operators (MNOs)
  • Independent Software Vendors (ISVs)
  • Communication Service Providers (CSPs)
  • System Integrators (SIs)
  • Neutral Host Operators
  • Resellers
  • Value-added Resellers (VARs)
  • Managed Service Providers (MSPs)
  • Compliance Regulatory Authorities
  • Government Authorities
  • Investment Firms
  • Cloud Service Providers
  • 5G Iot Alliances/Groups
  • Original Design Manufacturers (ODMs)
  • Original Equipment Manufacturers (OEMs)
  • Enterprises/Businesses

Report Objectives

  • To determine, segment, and forecast the global 5G IoT market by component, network type, organization size, type, end user, and region in terms of value
  • To forecast the size of the market segments with respect to five main regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • To provide detailed information about the major factors (drivers, opportunities, threats, and challenges) influencing the growth of the 5G IoT market
  • To study the complete value chain and related industry segments and perform a value chain analysis of the 5G IoT market landscape
  • To strategically analyze macro and micromarkets with respect to individual growth trends, prospects, and contributions to the total 5G IoT market
  • To analyze industry trends, pricing data, and patents and innovations related to the 5G IoT market
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the 5G IoT market
  • To profile key players in the market and comprehensively analyze their market share/ranking and core competencies
  • To track and analyze competitive developments, such as mergers and acquisitions, new product launches and developments, partnerships, agreements, collaborations, business expansions, and Research and Development (R&D) activities

Available Customizations

Along with the market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

  • Further breakdown of South Korean 5G IoT market

Product Analysis

  • Product Matrix, which gives a detailed comparison of the product portfolio of each company.

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
Report Code
TC 7021
Published ON
Mar, 2023
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