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The 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. The massive 5G IoT ecosystem and critical communication services are driving the growth of the 5G IoT market.

Top 5G IoT Companies include

• AT&T (US)
• Verizon (US)
• China Mobile (China)
• Vodafone Group plc (UK)
• Deutsche Telekom AG (Germany) and many more....

These players have adopted various growth strategies, such as partnerships, business expansions, agreements, and collaborations, new product launches, to expand their presence in the 5G IoT market.

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

AT&T (US) is one of the largest communication companies globally. It offers telecommunications media and technology services, such as voice and data communications, to consumers, providers, and businesses. The company has two reportable segments, such as Communications and Latin America. Its Communications segment caters to wireless and wireline telecom and broadband services to consumers located in the US and businesses worldwide. And the Latin America segment provides wireless services in Mexico. The company divides its revenue into categories, such as service and equipment. It offers postpaid and prepaid wireless services in Mexico to approximately 22 million subscribers under the AT&T and Unefon brands. The company provides 5G IoT solutions and services, such as IoT Networks, AT&T IoT Console, 5G Security, and Mobility Consulting Services. The solution supports connecting devices with a secure, cost-effective, reliable IoT network. The Low-Power Wide-Area (LPWA) networks, such as LTE-M and NB-IoT, are designed and optimized for IoT connectivity. It extends to network and communications solutions worldwide. It has a regional presence in North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.

Verizon (US) provides communication, technology, information, and entertainment products and services. The clients of the company include individuals, businesses, or government entities. The company caters to video and voice services in their networks and platforms, which meet the need for mobility, reliable network connectivity, security, and control of customers. The company has two reportable segments: Verizon Consumer Group (Consumer) and Verizon Business Group (Business). Its Consumer segment provides consumer-focused wireless and wireline communications services and products. And the Business segment offers wireless and wireline communications services and products, consisting of data, video and conferencing services, security and managed network services, corporate networking solutions, local and long-distance voice services, and network access to deliver various IoT services and products. Also, its Consumer and Business segments provide a wide variety of wireless services accessible on a broad range of devices. It offers solutions for various industries, such as construction, healthcare, education, the federal government, automotive, manufacturing, public safety, retail, state and local government, financial, media and entertainment, and energy and utilities.

China Mobile (China) is a major player in the 5G IoT market, leveraging its extensive telecommunications infrastructure to drive innovation and connectivity. As the largest mobile network operator in China, China Mobile has been at the forefront of deploying 5G networks and integrating IoT solutions. Their 5G IoT services facilitate enhanced connectivity, low latency, and high bandwidth, which are critical for various applications such as smart cities, industrial automation, healthcare, and autonomous vehicles. By offering comprehensive IoT solutions and partnering with numerous industries, China Mobile aims to transform digital ecosystems and foster the growth of a connected, intelligent society.

Vodafone Group plc (UK) is a leading telecommunications company actively involved in the 5G IoT market, utilizing its extensive global network to advance IoT solutions. Vodafone's 5G technology enables ultra-reliable, low-latency communication, supporting diverse IoT applications across industries such as healthcare, manufacturing, transportation, and smart cities. The company provides comprehensive IoT services, including connectivity, managed IoT platforms, and tailored industry solutions, facilitating seamless integration and management of IoT devices. Vodafone's commitment to innovation and collaboration with various sectors positions it as a key player in driving the adoption and growth of 5G IoT technology worldwide.

Deutsche Telekom AG (Germany) is a major telecommunications provider playing a significant role in the 5G IoT market. Leveraging its advanced 5G network infrastructure, Deutsche Telekom offers robust IoT solutions that cater to various industries, including automotive, healthcare, logistics, and smart cities. The company's 5G capabilities enable ultra-low latency, high reliability, and massive device connectivity, essential for innovative IoT applications. Deutsche Telekom provides comprehensive IoT services, such as IoT connectivity, platforms, and data analytics, facilitating efficient device management and integration. Through strategic partnerships and continuous innovation, Deutsche Telekom is driving the expansion and adoption of 5G IoT technologies across Europe and beyond.

Related Reports:

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