The 5G internet of things (IOT) market is forecasted to grow by USD 253279.3 mn during 2023-2028, accelerating at a CAGR of 140.31% during the forecast period. The report on the 5G internet of things (IOT) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising adoption of 5G, IOT revolutionized automotive industry, and large-scale benefits of using IOT devices.
Technavio's 5G internet of things (IOT) market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
78.13%
CAGR
140.31%
Incremental Value
$253279.3 mn
By Type
5G non-standalone (SA)
5G standalone (SA)
By Component
Hardware
Services
Platform
Connectivity
By Geographical Landscape
APAC
North America
Europe
Middle East and Africa
South America
This study identifies the growth in industrial automation as one of the prime reasons driving the 5G internet of things (IOT) market growth during the next few years. Also, rapid growth of wireless technology and robust demand from healthcare industry will lead to sizable demand in the market.
The report on the 5G internet of things (IOT) market covers the following areas:
5G internet of things (IOT) market sizing
5G internet of things (IOT) market forecast
5G internet of things (IOT) market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading 5G internet of things (IOT) market vendors that include Anritsu Corp., AT and T Inc., Cavalier Wireless Inc., Celona Inc., China Mobile Ltd., Deutsche Telekom AG, Nokia Corp., Qualcomm Inc., Quectel Wireless Solutions Co. Ltd., Reliance Industries Ltd., SATELIO IOT SERVICES S.L., Semtech Corp., Sequans Communications SA, Shenzhen ThinkWill Communication Technology Co., Ltd., Telefonaktiebolaget LM Ericsson, Telenor Group, Telit, Thales Group, Verizon Communications Inc., and Vodafone Group PLC. Also, the 5G internet of things (IOT) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Market Segmentation by Component
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Five Forces Analysis
4.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
4.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
4.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
4.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
4.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
4.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
4.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
5 Market Segmentation by Type
5.1 Market segments
Chart on Type - Market share 2023-2028 (%)
Data Table on Type - Market share 2023-2028 (%)
5.2 Comparison by Type
Chart on Comparison by Type
Data Table on Comparison by Type
5.3 5G non-standalone (SA) - Market size and forecast 2023-2028
Chart on 5G non-standalone (SA) - Market size and forecast 2023-2028 ($ million)
Data Table on 5G non-standalone (SA) - Market size and forecast 2023-2028 ($ million)
Chart on 5G non-standalone (SA) - Year-over-year growth 2023-2028 (%)
Data Table on 5G non-standalone (SA) - Year-over-year growth 2023-2028 (%)
5.4 5G standalone (SA) - Market size and forecast 2023-2028
Chart on 5G standalone (SA) - Market size and forecast 2023-2028 ($ million)
Data Table on 5G standalone (SA) - Market size and forecast 2023-2028 ($ million)
Chart on 5G standalone (SA) - Year-over-year growth 2023-2028 (%)
Data Table on 5G standalone (SA) - Year-over-year growth 2023-2028 (%)
5.5 Market opportunity by Type
Market opportunity by Type ($ million)
Data Table on Market opportunity by Type ($ million)
6 Market Segmentation by Component
6.1 Market segments
Chart on Component - Market share 2023-2028 (%)
Data Table on Component - Market share 2023-2028 (%)
6.2 Comparison by Component
Chart on Comparison by Component
Data Table on Comparison by Component
6.3 Hardware - Market size and forecast 2023-2028
Chart on Hardware - Market size and forecast 2023-2028 ($ million)
Data Table on Hardware - Market size and forecast 2023-2028 ($ million)
Chart on Hardware - Year-over-year growth 2023-2028 (%)
Data Table on Hardware - Year-over-year growth 2023-2028 (%)
6.4 Services - Market size and forecast 2023-2028
Chart on Services - Market size and forecast 2023-2028 ($ million)
Data Table on Services - Market size and forecast 2023-2028 ($ million)
Chart on Services - Year-over-year growth 2023-2028 (%)
Data Table on Services - Year-over-year growth 2023-2028 (%)
6.5 Platform - Market size and forecast 2023-2028
Chart on Platform - Market size and forecast 2023-2028 ($ million)
Data Table on Platform - Market size and forecast 2023-2028 ($ million)
Chart on Platform - Year-over-year growth 2023-2028 (%)
Data Table on Platform - Year-over-year growth 2023-2028 (%)
6.6 Connectivity - Market size and forecast 2023-2028
Chart on Connectivity - Market size and forecast 2023-2028 ($ million)
Data Table on Connectivity - Market size and forecast 2023-2028 ($ million)
Chart on Connectivity - Year-over-year growth 2023-2028 (%)
Data Table on Connectivity - Year-over-year growth 2023-2028 (%)
6.7 Market opportunity by Component
Market opportunity by Component ($ million)
Data Table on Market opportunity by Component ($ million)
7 Customer Landscape
7.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Geographic Landscape
8.1 Geographic segmentation
Chart on Market share By Geographical Landscape 2023-2028 (%)
Data Table on Market share By Geographical Landscape 2023-2028 (%)
8.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
8.3 APAC - Market size and forecast 2023-2028
Chart on APAC - Market size and forecast 2023-2028 ($ million)
Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Chart on APAC - Year-over-year growth 2023-2028 (%)
Data Table on APAC - Year-over-year growth 2023-2028 (%)
8.4 North America - Market size and forecast 2023-2028
Chart on North America - Market size and forecast 2023-2028 ($ million)
Data Table on North America - Market size and forecast 2023-2028 ($ million)
Chart on North America - Year-over-year growth 2023-2028 (%)
Data Table on North America - Year-over-year growth 2023-2028 (%)
8.5 Europe - Market size and forecast 2023-2028
Chart on Europe - Market size and forecast 2023-2028 ($ million)
Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Chart on Europe - Year-over-year growth 2023-2028 (%)
Data Table on Europe - Year-over-year growth 2023-2028 (%)
8.6 Middle East and Africa - Market size and forecast 2023-2028
Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
8.7 South America - Market size and forecast 2023-2028
Chart on South America - Market size and forecast 2023-2028 ($ million)
Data Table on South America - Market size and forecast 2023-2028 ($ million)
Chart on South America - Year-over-year growth 2023-2028 (%)
Data Table on South America - Year-over-year growth 2023-2028 (%)
8.8 China - Market size and forecast 2023-2028
Chart on China - Market size and forecast 2023-2028 ($ million)
Data Table on China - Market size and forecast 2023-2028 ($ million)
Chart on China - Year-over-year growth 2023-2028 (%)
Data Table on China - Year-over-year growth 2023-2028 (%)
8.9 US - Market size and forecast 2023-2028
Chart on US - Market size and forecast 2023-2028 ($ million)
Data Table on US - Market size and forecast 2023-2028 ($ million)
Chart on US - Year-over-year growth 2023-2028 (%)
Data Table on US - Year-over-year growth 2023-2028 (%)
8.10 South Korea - Market size and forecast 2023-2028
Chart on South Korea - Market size and forecast 2023-2028 ($ million)
Data Table on South Korea - Market size and forecast 2023-2028 ($ million)
Chart on South Korea - Year-over-year growth 2023-2028 (%)
Data Table on South Korea - Year-over-year growth 2023-2028 (%)
8.11 UK - Market size and forecast 2023-2028
Chart on UK - Market size and forecast 2023-2028 ($ million)
Data Table on UK - Market size and forecast 2023-2028 ($ million)
Chart on UK - Year-over-year growth 2023-2028 (%)
Data Table on UK - Year-over-year growth 2023-2028 (%)
8.12 Spain - Market size and forecast 2023-2028
Chart on Spain - Market size and forecast 2023-2028 ($ million)
Data Table on Spain - Market size and forecast 2023-2028 ($ million)
Chart on Spain - Year-over-year growth 2023-2028 (%)
Data Table on Spain - Year-over-year growth 2023-2028 (%)
8.13 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ million)
Data Tables on Market opportunity By Geographical Landscape ($ million)
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
11.3 AT and T Inc.
AT and T Inc. - Overview
AT and T Inc. - Business segments
AT and T Inc. - Key news
AT and T Inc. - Key offerings
AT and T Inc. - Segment focus
11.4 Cavalier Wireless Inc.
Cavalier Wireless Inc. - Overview
Cavalier Wireless Inc. - Product / Service
Cavalier Wireless Inc. - Key offerings
11.5 China Mobile Ltd.
China Mobile Ltd. - Overview
China Mobile Ltd. - Product / Service
China Mobile Ltd. - Key offerings
11.6 Deutsche Telekom AG
Deutsche Telekom AG - Overview
Deutsche Telekom AG - Business segments
Deutsche Telekom AG - Key offerings
Deutsche Telekom AG - Segment focus
11.7 Nokia Corp.
Nokia Corp. - Overview
Nokia Corp. - Business segments
Nokia Corp. - Key news
Nokia Corp. - Key offerings
Nokia Corp. - Segment focus
11.8 Qualcomm Inc.
Qualcomm Inc. - Overview
Qualcomm Inc. - Business segments
Qualcomm Inc. - Key news
Qualcomm Inc. - Key offerings
Qualcomm Inc. - Segment focus
11.9 Reliance Industries Ltd.
Reliance Industries Ltd. - Overview
Reliance Industries Ltd. - Business segments
Reliance Industries Ltd. - Key news
Reliance Industries Ltd. - Key offerings
Reliance Industries Ltd. - Segment focus
11.10 SATELIO IOT SERVICES S.L.
SATELIO IOT SERVICES S.L. - Overview
SATELIO IOT SERVICES S.L. - Product / Service
SATELIO IOT SERVICES S.L. - Key offerings
11.11 Semtech Corp.
Semtech Corp. - Overview
Semtech Corp. - Business segments
Semtech Corp. - Key news
Semtech Corp. - Key offerings
Semtech Corp. - Segment focus
11.12 Sequans Communications SA
Sequans Communications SA - Overview
Sequans Communications SA - Product / Service
Sequans Communications SA - Key offerings
11.13 Telefonaktiebolaget LM Ericsson
Telefonaktiebolaget LM Ericsson - Overview
Telefonaktiebolaget LM Ericsson - Business segments
Telefonaktiebolaget LM Ericsson - Key news
Telefonaktiebolaget LM Ericsson - Key offerings
Telefonaktiebolaget LM Ericsson - Segment focus
11.14 Telenor Group
Telenor Group - Overview
Telenor Group - Business segments
Telenor Group - Key news
Telenor Group - Key offerings
Telenor Group - Segment focus
11.15 Thales Group
Thales Group - Overview
Thales Group - Business segments
Thales Group - Key news
Thales Group - Key offerings
Thales Group - Segment focus
11.16 Verizon Communications Inc.
Verizon Communications Inc. - Overview
Verizon Communications Inc. - Business segments
Verizon Communications Inc. - Key news
Verizon Communications Inc. - Key offerings
Verizon Communications Inc. - Segment focus
11.17 Vodafone Group Plc
Vodafone Group Plc - Overview
Vodafone Group Plc - Business segments
Vodafone Group Plc - Key news
Vodafone Group Plc - Key offerings
Vodafone Group Plc - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing