Global 5G IoT Market Is Anticipated To Reach Around USD 6,139 Million By 2025

Zion Market Research has published a new report titled “5G IoT Market By Radio Technology (5G New Radio Standalone Architecture and 5G New Radio Non-Standalone Architecture), By Range (Short-Range and Wide-Range), and By Vertical (Energy & Utilities, Manufacturing, Healthcare, Government, Mining, Transportation & Logistics, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020–2025”. According to the report, the global 5G IoT market is expected to grow from USD 305 million in 2020 to USD 6,139 million by 2025, growing at a CAGR approximately 54.3% between 2021 and 2025.

The fifth-generation network or 5G is still under development; it is targeting to reach new limits of high speed, low latency, and low power for IoT. The combination of 5G and IoT accelerates uploads and downloads, with low latency and network support.

Browse the full “5G IoT Market By Radio Technology (5G New Radio Standalone Architecture and 5G New Radio Non-Standalone Architecture), By Range (Short-Range and Wide-Range), and By Vertical (Energy & Utilities, Manufacturing, Healthcare, Government, Mining, Transportation & Logistics, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020–2025” Report at https://www.zionmarketresearch.com/report/5g-iot-market

The 5G IoT market globally is expected to gain recognition in the long run, owing to its various uses and benefits. IoT has been drastically changing businesses and consumer landscape over the last few decades. The number of IoT devices is anticipated to reach 10 billion by 2020 and 25 billion by 2025, starting from industrial devices and wearable devices to connected cars. The 5G IoT market development will also be fuelled by the growing demand for low latency. The networks of 5G IoT can also provide backing operations that require real-time access to data changes almost instantly. Furthermore, the rising use of sensors by the automation industry is likely to boost the requirement for real-time tracking, analyzing, and processing of collected data via sensors, thereby supporting the 5G IoT market growth over the forecast time period. However, high capital expenditure for infrastructural establishment of 5G IoT may curtail the 5G IoT market growth in the future.

On the basis of technology, the market includes 5G new radio non-standalone architecture and 5G new radio standalone architecture. 5G new radio standalone architecture is anticipated to hold a notable market share, owing to an extensive range of core features and functionalities provided by these architectures. The 5G new radio standalone comes with upgraded built-in capabilities, such as ultra-low latency, user and control panel separation, network slicing, virtualization, and multi-Gbps support. By range, the 5G IoT market is divided into short-range and wide-range IoT devices. Short-range IoT devices are anticipated to hold a substantial market share in the years ahead, owing to the developing new 5G IoT applications.

The Asia Pacific is projected to hold a significant share of the 5G IoT market over the forecast timeframe, owing to the increasing penetration of smartphones. Moreover, the region’s diversity, population, and initiatives taken for development by growing economies of China and India are also anticipated to drive the 5G IoT market in the region. The rising number of internet users and connected devices are other key drivers accelerating the regional market. Additionally, the region’s growing healthcare sector is also propelling the 5G IoT market growth.

Some prominent players of the 5G IoT market are Nokia, Ericsson, AT&T, Huawei, Sprint, Verizon, BT Group, Telefónica, Telstra, Vodafone, Telus, Bell Canada, Etisalat, Rogers, and Singtel.

This report segments the global 5G IoT market into:

Global 5G IoT Market: Radio Technology Analysis

• 5G New Radio Standalone Architecture
• 5G New Radio Non-Standalone Architecture

Global 5G IoT Market: Range Analysis

• Short-Range IoT Devices
• Wide-Range IoT Devices

Global 5G IoT Market: Vertical Analysis

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

Global 5G IoT Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com