5G in IoT
5G in IoT Market by Range (Short-Range IoT Device, Wide-Range IoT Device), Technology (5G New Radio Non-Standalone Architecture, 5G New Radio Standalone Architecture), Component, Industry - Global Forecast 2024-2030
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[191 Pages Report] The 5G in IoT Market size was estimated at USD 6.50 billion in 2023 and expected to reach USD 8.23 billion in 2024, at a CAGR 30.32% to reach USD 41.50 billion by 2030.

5G in IoT Market
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The 5G in IoT includes using 5G technology in the Internet of Things (IoT), which is leading to the generation of high-speed, reliable, and efficient wireless communication systems. These systems are capable of handling a vast number of high-rate data transfers and are essential for the functioning of modern IoT applications. Increasing demand for high-speed data transmission and low latency for real-time analytics is driving the growth of the 5G in IoT market. Escalation in the number of IoT devices and government investment in smart city projects is expanding the usage of 5G in IoT solutions. The growing implementation of 5G in IoT in supply chain optimization and energy management through smart grids is creating a platform for market growth. The high cost of implementation and security and privacy concerns with 5G in IoT solutions are hampering the growth of the market. The growing introduction of technological advancements in 5G in IoT solutions by market vendors is expected to create opportunities for market growth.

Regional Insights

The Americas, particularly the United States and Canada, have been rapidly adopting 5G technology in numerous IoT applications. The Americas market shows a significant consumer need for enhanced connectivity and speed in applications including smart homes, healthcare, and autonomous vehicles. Emerging countries in South America present a vast potential for the 5G IoT market due to their growing populations and rapid urbanization. These regions offer a unique opportunity for manufacturers and providers to introduce 5G IoT solutions in various sectors including agriculture, education, and healthcare. In the Asia Pacific region, countries such as China, Japan, and India are at the forefront of 5G in IoT deployment. Asia-Pacific’s 5G market has shown aggressive expansion with central government support, leading to a proliferation of 5G-based industrial IoT and smart city projects.Japan, known for its early adoption of technology, has been investing heavily in 5G infrastructure tied closely with preparations for events including the Olympics and broader consumer IoT services. The EMEA region exhibits diverse market dynamics characterized by regulatory initiatives, including, the 5G Action Plan, aimed at ensuring rapid deployment of 5G across member countries and addressing customer needs for advanced IoT applications. EU's Horizon Europe program further underlines the commitment to invest in 5G research. The Middle East, with countries including the UAE and Saudi Arabia, exhibits high consumer demand for IoT applications powered by 5G, investing significantly in smart city and healthcare innovations. Conversely, the African market is at a nascent stage with slower 5G rollout, but shows potential, especially in sectors such as agriculture and transportation, driven by the gradual implementation of smart technologies.

Market Dynamics

The market dynamics represent an ever-changing landscape of the 5G in IoT Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Rising Internet Penetration and Increasing Adoption of Connected IoT Devices
    • Industry 4.0 Development and Prominence of 5G IoT in Manufacturing Sector
    • Growing Adoption of Cloud Services & Solution Worldwide
  • Market Restraints
    • High Initial Costs of 5G Deployment and Limited Infrastructure in Developing Countries
  • Market Opportunities
    • Rapid Penetration of Blockchain and Big Data Analytics in 5G in IoT Infrastructure
    • Increasing Importance and Strategic Investment in 5G IoT for Smart City Development
  • Market Challenges
    • 5G in IoT Security and Data Privacy Issues
Market Segmentation Analysis
  • Range: Growing usage of 5G in wide-range IoT devices that require connectivity over long distances

    Short-range IoT devices communicate over shorter distances, often within a local network such as a home or building. These devices are designed for applications that require low power consumption and close proximity interactions. Clients often prefer short-range IoT devices when the implementation cost is a constraint and where devices need to interact reliably within a constrained environment. Wide-range IoT devices require connectivity over long distances and are essential in scenarios where devices are spread over a wide geographical area, such as logistics tracking, smart cities, and agricultural monitoring. These devices need to maintain connectivity in diverse environments and benefit from the enhanced coverage and speed of 5G networks. Clients with use cases that necessitate broad coverage and high mobility typically opt for wide-range IoT devices.

  • Technology: Rising potential of 5G NR non-standalone architecture for anchoring the control plane

    The 5G NR non-standalone architecture is an evolutionary step in the roadmap toward full 5G deployment. This architecture relies on the existing 4G LTE infrastructure combined with new 5G radios. It utilizes the core network of 4G for anchoring the control plane and uses the 5G NR interface for user data. This allows for a quick and cost-effective way to deploy 5G capabilities without a complete overhaul of the existing network infrastructure. The 5G NR Standalone architecture is the future-oriented framework of 5G. It is characterized by an end-to-end 5G network that includes a new 5G core. Unlike the NSA, the SA architecture does not rely on 4G LTE infrastructure. The 5G NR SA enables the full suite of 5G features, including ultra-reliable low latency communications (URLLC) and massive machine type communications (mMTC), which are crucial for certain IoT applications.

  • Component: Growing significance of hardware in 5G IoT for the actual operation of IoT devices

    The connectivity component in 5G IoT denotes the technological backbone enabling communication between IoT devices and networks. 5G connectivity offers high-speed data transfer, lower latency, and increased connection density. These attributes are particularly necessary in applications requiring real-time data exchange, such as autonomous vehicles, telemedicine, and industrial automation. Hardware in 5G IoT encompasses the physical components such as sensors, modules, gateways, and routers. These are crucial for the actual operation of IoT devices, collecting data, and interfacing with the network. Advanced semiconductor technology enables these hardware components to support the high speeds and connectivity demands of 5G networks. The platform component is the framework upon which IoT solutions are built and managed. It includes the software and support services that enable device management, data analytics, and application development for IoT. A 5G IoT platform often integrates with Artificial Intelligence and Machine Learning for advanced data processing and decision-making capabilities. Services related to 5G IoT include professional services such as consultation, implementation, support, and maintenance required for the deployment and operational efficiency of IoT systems. These services ensure that IoT applications perform optimally over the 5G network and that businesses can fully leverage the potential of their IoT investments to realize measurable outcomes.

  • Industry: Growing potential of 5G in IoT across energy & utility industry to monitor critical infrastructure

    The aerospace & defense industry stands to gain significantly from the enhanced connectivity provided by 5G. The need is focused on secure communication, real-time data transfer, and interoperability across devices and systems. Manufacturers and service providers in this segment have been rigorously working to integrate 5G for functions such as predictive maintenance, training using virtual and augmented reality, and more efficient logistics and supply chain management. The energy & utility industry requires robust and reliable connectivity to monitor critical infrastructure. 5G technologies can facilitate the deployment of smart grids, real-time energy management, and predictive maintenance of equipment. The opportunity for IoT devices to provide improved data analytics and control is vast in this industry. The government & public sector seek to implement 5G to improve public services and infrastructure. This includes enhancements in traffic management, public safety networks, and smart city initiatives that utilize a multitude of IoT devices for improved efficiency and service delivery. Healthcare & life sciences are undergoing a transformation through IoT; 5G technology provides the necessary speed and bandwidth. Telemedicine, remote monitoring of patient health, and real-time data access are areas that stand to benefit immensely from 5G networks. The manufacturing sector is poised to benefit substantially from 5G in IoT with its need for connected factory solutions. 5G connectivity is integral for automated manufacturing processes, robotics, and supply chain optimization, ensuring agility and efficiency in operations. The transportation & logistics industry can utilize 5G to revolutionize how goods and services are delivered. It enhances tracking, autonomous vehicle technology, and fleet management through reliable, high-speed communication.

Market Disruption Analysis

The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the 5G in IoT Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the 5G in IoT Market.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the 5G in IoT Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

Value Chain & Critical Path Analysis

The value chain of the 5G in IoT Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.

Pricing Analysis

The pricing analysis comprehensively evaluates how a product or service is priced within the 5G in IoT Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the 5G in IoT Market.

Technology Analysis

The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the 5G in IoT Market.

Patent Analysis

The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the 5G in IoT Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.

Trade Analysis

The trade analysis of the 5G in IoT Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.

Regulatory Framework Analysis

The regulatory framework analysis for the 5G in IoT Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the 5G in IoT Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the 5G in IoT Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • OQ Technology Successfully Launches Two 5G IoT Satellites on Transporter-9

    OQ Technology launched Low Earth Orbit (LEO) satellites, TIGER-5 and TIGER-6, via SpaceX’s Transporter-9 rideshare mission aboard the Falcon 9 rocket. Both new satellites, essential components to the OQ 5G NTN IoT satellite constellation, now numbering eight, have established communication just hours after being released into orbit. These 6U nanosatellites are pioneering in their capacity as 'cell tower' payloads for Narrowband IoT (NB-IoT) and underscore OQ’s commitment to fueling a global NB-IoT network. [Published On: 2023-11-14]

  • BITS Pilani, US-based Airlinq Collaborate on 5G, IoT use Cases Development

    The Birla Institute of Technology and Science (BITS) Pilani joined forces with the innovative US-based company Airlinq to advance 5G and the Internet of Things (IoT) application development. This alliance harnesses Airlinq's expertise to cultivate cutting-edge solutions focusing on enhancing urban traffic safety through the implementation of low-latency vehicle-to-vehicle (V2V) and vehicle-to-everything (V2X) communications. This initiative promises to revolutionize the way drivers, pedestrians, and emergency services interact, ensuring a significantly safer urban environment. [Published On: 2023-11-09]

  • Homegrown Amantya, Cientra Launch Vendor-Agnostic 5G IoT Aggregator Solution

    Amantya Technologies, a specialist in system integration, launched an innovative 5G IoT aggregator platform together with Cientra. This groundbreaking solution is vendor-neutral and marks a significant milestone as it is purported to be the first of its kind globally. It is designed to address the soaring demands across various sectors, including but not limited to railways, agriculture, water management, smart cities, and intelligent transportation systems. Moreover, Amantya's strategic partnership with Cientra underscores their shared commitment to capitalize on the burgeoning opportunities presented by 5G technology within the Internet of Things ecosystem. This alliance is poised to deliver versatile and robust 5G IoT capabilities, fostering connectivity and innovation in multiple fields. [Published On: 2023-08-22]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the 5G in IoT Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the 5G in IoT Market, highlighting leading vendors and their innovative profiles. These include AT&T Inc., BCE Inc., BT Group PLC, Capgemini SE, China Mobile Limited, Cisco Systems, Inc., e& etisalat and, F5, Inc., Huawei Investment & Holding Co., Ltd., Juniper Networks, Inc., KDDI Corporation, NEC Corporation, Nokia Corporation, QUALCOMM Incorporated, Reliance Jio Infocomm Ltd., Rogers Communications Inc., Sequans Communications, Sierra Wireless, Inc. by Semtech Corporation, SIMCom Wireless Solutions Limited, Sunrise Communications AG, T-Mobile US, Inc., Telefonaktiebolaget LM Ericsson, Telefónica S.A., Telstra Corporation Limited, u-blox AG, Verizon Communications Inc., and Vodafone Idea Limited.

5G in IoT Market - Global Forecast 2024-2030
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Market Segmentation & Coverage

This research report categorizes the 5G in IoT Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Range
    • Short-Range IoT Device
    • Wide-Range IoT Device
  • Technology
    • 5G New Radio Non-Standalone Architecture
    • 5G New Radio Standalone Architecture
  • Component
    • Connectivity
    • Hardware
    • Platform
    • Services
      • Managed Services
      • Professional Services
  • Industry
    • Aerospace & Defence
    • Energy & Utilities
    • Government & Public Sector
    • Healthcare & Life Sciences
    • Manufacturing
    • Transportation & Logistics

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

This research report offers invaluable insights into various crucial aspects of the 5G in IoT Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. 5G in IoT Market, by Range
  7. 5G in IoT Market, by Technology
  8. 5G in IoT Market, by Component
  9. 5G in IoT Market, by Industry
  10. Americas 5G in IoT Market
  11. Asia-Pacific 5G in IoT Market
  12. Europe, Middle East & Africa 5G in IoT Market
  13. Competitive Landscape
  14. Competitive Portfolio
  15. List of Figures [Total: 24]
  16. List of Tables [Total: 468]
  17. List of Companies Mentioned [Total: 27]
Unleashing the True Potential of IoT with 5G
October 19, 2023
BLOG
Unleashing the True Potential of IoT with 5G
The increasing ubiquity of IoT devices has already set the stage for transformative changes in the way individuals live and work. The world of IoT is evolving rapidly, and the arrival of 5G technology is set to give it a significant boost. Combining these two technological advancements holds immense potential to transform business models across industries and open up new possibilities. This blog post explores the impact of 5G in IoT.

Faster and More Efficient Connectivity:

One of the biggest advantages of 5G in IoT is its connectivity speed and efficiency. With its lightning-fast speed, 5G will enable seamless communication among billions of connected devices, expediting data exchange and lowering latency times. This means devices can transmit data much faster, and response times will be near-instantaneous. The ultra-reliable low latency communication ability of 5G is critical for applications that require real-time monitoring and control, such as automated industrial processes, remote surgery, and autonomous vehicles.

Scalability and Cost-Effectiveness:

Another key benefit of 5G in IoT is scalability. The technology's ability to support many more connected devices per unit area than previous generations is a game-changer. Thus, businesses can easily expand their IoT applications' scope, leading to significant cost savings. Since 5G provides a more reliable connection, businesses will no longer need to invest in physical infrastructure upgrades to support connected devices in remote areas. Consequently, it will help lessen infrastructure bottlenecks and create new business opportunities while reducing operational costs.

Better Security and Privacy:

The massive amount of data being exchanged among billions of IoT devices can make network security and data privacy a daunting task. 5G will come equipped with state-of-the-art security measures to address several concerns. Encryption solutions, frequent updates, and authentication mechanisms built into the technology will enhance data security, providing end-to-end protection for IoT devices. The ultra-low latency architecture of 5G also allows for faster, more secure authentication procedures, making it harder for hackers to compromise devices.

Improved User Experience:

With fast access to real-time data and ultra-low latency times, 5G-enabled IoT applications will provide a better user experience. For example, imagine being able to monitor medical conditions remotely from a smartwatch or utilizing augmented reality to receive visual instructions on assembling a product. This kind of near-instantaneous information transfer will revolutionize the way individuals interact with technology.

New Business Models and Verticals:

5G in IoT will spur the development of new business models and verticals that will revolutionize industries such as healthcare, manufacturing, logistics, and more. The technology's flexibility and scalability will create new revenue streams, unlock new markets, and help organizations become more agile, customer-centric, and innovative.

The transformation that 5G technology is bringing to the world of IoT is happening at breakneck speed. Connecting and communicating with billions of devices in real-time will enable the world to make smarter decisions, optimize operations, and stay ahead of the competition. The unique blend of speed, low latency, scalability, security, and cost-effectiveness that 5G offers will drive innovation in all aspects of IoT and create opportunities that will benefit businesses and society alike.

Frequently Asked Questions
  1. How big is the 5G in IoT Market?
    Ans. The Global 5G in IoT Market size was estimated at USD 6.50 billion in 2023 and expected to reach USD 8.23 billion in 2024.
  2. What is the 5G in IoT Market growth?
    Ans. The Global 5G in IoT Market to grow USD 41.50 billion by 2030, at a CAGR of 30.32%
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