5G IoT Market Size, Share, Trends, Industry Analysis Report: By Component, Network Type, Organization Size, Type, End User, and Region - Market Forecast 2025-2034
The global 5G IoT market size is expected to reach USD 415.48 billion by 2034, according to a new study by Polaris Market Research. The report "5G IoT Market Size, Share, Trends, Industry Analysis Report: By Component, Network Type (5G Standalone and 5G Non-Standalone), Organization Size, Type, End User, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Industry 4.0 represents the next phase in industrial automation, where advanced technologies such as IoT, AI, and robotics are integrated to optimize production processes. The adoption of 5G IoT in this sector is critical for enabling faster, more reliable, and efficient operations. Manufacturers can deploy real-time monitoring, automation, and predictive maintenance solutions with 5G's low latency and high data throughput. This results in greater operational efficiency and improved decision-making, as 5G connectivity supports continuous data flows from smart machines and devices across the production line. As a result, industries such as manufacturing are increasingly adopting 5G IoT technologies to streamline operations and support the digital transformation of their facilities. This, in turn, is driving the 5G IoT market expansion.
Edge computing is a major enabler for the 5G IoT market growth as it facilitates the processing of data closer to where it is generated, reducing the need for data to be transmitted back to centralized cloud servers. Combined with 5G's ultra-reliable, low-latency connectivity, edge computing allows for immediate data processing, which is essential for time-sensitive applications in industries such as healthcare, automotive, and manufacturing. By performing real-time analytics at the edge, organizations can reduce bandwidth usage, improve response times, and enhance overall system performance. Edge computing paired with 5G maximizes the value of IoT, allowing faster insights and decision-making at the device level as IoT devices generate massive amounts of data.
Key Highlights of 5G IoT Market Report
Based on end user, the manufacturing segment dominated the market in 2024, driven by its dependence on high-speed connectivity for automation and Industry 4.0 developments.
Based on type, the wide-range IoT devices segment is expected to experience the highest growth rate during the forecast period due to the capability of wide-range IoT devices to support long-distance communication and large-scale IoT deployments.
Asia Pacific dominated the 5G IoT market in 2024, driven by rapid 5G infrastructure rollout and significant government initiatives aimed at fostering digital transformation across key industries.
North America is projected to be the fastest-growing region in the 5G IoT market, fueled by early 5G adoption and substantial investments in IoT infrastructure.
A few global key market players include AT&T; British Telecommunications plc; Telefonaktiebolaget LM Ericsson; Huawei Technologies Co., Ltd.; Juniper Networks, Inc.; Nokia; Palo Alto Networks; Qualcomm Technologies, Inc.; Telefonica S.A.; Telenor IoT; Verizon; and Vodafone Idea Limited.
Polaris Market Research has segmented the 5G IoT market report on the basis of component, network type, organization size, type, end user, and region:
By Component Outlook (Revenue - USD Billion, 2020-2034)
Hardware
Platform
Connectivity
Services
By Network Type Outlook (Revenue - USD Billion, 2020-2034)
5G Standalone
5G Non-Standalone
By Organization Size Outlook (Revenue - USD Billion, 2020-2034)
Large Enterprises
Small and Medium Sized Enterprises
By Type Outlook (Revenue - USD Billion, 2020-2034)
Short-Range IoT Devices
Wide-Range IoT Devices
By End User Outlook (Revenue - USD Billion, 2020-2034)
Manufacturing
Healthcare
Energy and Utilities
Automotive and Transportation
Supply Chain and Logistics
Agriculture
Government and Public Safety
Others
By Regional Outlook (Revenue - USD Billion, 2020-2034)
North America
US
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Vietnam
Australia
Rest of Asia Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Rest of Middle East & Africa
Table of Contents
1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global 5G IoT Market Insights
4.1. 5G IoT Market - Type Snapshot
4.2. 5G IoT Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Unleashing 5G IoT Ecosystem and Critical Communication Services
4.2.1.2. Development of Wireless Technologies
4.2.2. Restraints and Challenges
4.2.2.1. Lack of standardization in IoT protocols
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. 5G IoT Market Type Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global 5G IoT Market, by Component
5.1. Key Findings
5.2. Introduction
5.2.1. Global 5G IoT Market, by Component, 2020-2034 (USD Billion)
5.3. Hardware
5.3.1. Global 5G IoT Market, by Hardware, by Region, 2020-2034 (USD Billion)
5.4. Platform
5.4.1. Global 5G IoT Market, by Platform, by Region, 2020-2034 (USD Billion)
5.5. Connectivity
5.5.1. Global 5G IoT Market, by Connectivity, by Region, 2020-2034 (USD Billion)
5.6. Services
5.6.1. Global 5G IoT Market, by Services, by Region, 2020-2034 (USD Billion)
6. Global 5G IoT Market, by Network Type
6.1. Key Findings
6.2. Introduction
6.2.1. Global 5G IoT Market, by Network Type, 2020-2034 (USD Billion)
6.3. 5G Standalone
6.3.1. Global 5G IoT Market, by 5G Standalone, by Region, 2020-2034 (USD Billion)
6.4. 5G Non-standalone
6.4.1. Global 5G IoT Market, by 5G Non-standalone, by Region, 2020-2034 (USD Billion)
7. Global 5G IoT Market, by Organization Size
7.1. Key Findings
7.2. Introduction
7.2.1. Global 5G IoT Market, by Organization Size, 2020-2034 (USD Billion)
7.3. Large Enterprises
7.3.1. Global 5G IoT Market, by Large Enterprises, by Region, 2020-2034 (USD Billion)
7.4. Small and Medium Sized Enterprises
7.4.1. Global 5G IoT Market, by Small and Medium Sized Enterprises, by Region, 2020-2034 (USD Billion)
8. Global 5G IoT Market, by Type
8.1. Key Findings
8.2. Introduction
8.2.1. Global 5G IoT Market, by Type, 2020-2034 (USD Billion)
8.3. Short-Range IoT Devices
8.3.1. Global 5G IoT Market, by Short-Range IoT Devices, by Region, 2020-2034 (USD Billion)
8.4. Wide-Range IoT Devices
8.4.1. Global 5G IoT Market, by Wide-Range IoT Devices, by Region, 2020-2034 (USD Billion)
9. Global 5G IoT Market, by End User
9.1. Key Findings
9.2. Introduction
9.2.1. Global 5G IoT Market, by End User, 2020-2034 (USD Billion)
9.3. Manufacturing
9.3.1. Global 5G IoT Market, by Manufacturing, by Region, 2020-2034 (USD Billion)
9.4. Healthcare
9.4.1. Global 5G IoT Market, by Healthcare, by Region, 2020-2034 (USD Billion)
9.5. Energy and Utilities
9.5.1. Global 5G IoT Market, by Energy and Utilities, by Region, 2020-2034 (USD Billion)
9.6. Automotive and Transportation
9.6.1. Global 5G IoT Market, by Automotive and Transportation, by Region, 2020-2034 (USD Billion)
9.7. Supply Chain and Logistics
9.7.1. Global 5G IoT Market, by Supply Chain and Logistics, by Region, 2020-2034 (USD Billion)
9.8. Agriculture
9.8.1. Global 5G IoT Market, by Agriculture, by Region, 2020-2034 (USD Billion)
9.9. Government and Public Safety
9.9.1. Global 5G IoT Market, by Government and Public Safety, by Region, 2020-2034 (USD Billion)
9.10. Others
9.10.1. Global 5G IoT Market, by Others, by Region, 2020-2034 (USD Billion)
10. Global 5G IoT Market, by Geography
10.1. Key Findings
10.2. Introduction
10.2.1. 5G IoT Market Assessment, By Geography, 2020-2034 (USD Billion)
10.3. 5G IoT Market - North America
10.3.1. North America: 5G IoT Market, by Component, 2020-2034 (USD Billion)
10.3.2. North America: 5G IoT Market, by Network Type, 2020-2034 (USD Billion)
10.3.3. North America: 5G IoT Market, by Organization Size, 2020-2034 (USD Billion)
10.3.4. North America: 5G IoT Market, by Type, 2020-2034 (USD Billion)
10.3.5. North America: 5G IoT Market, by End User, 2020-2034 (USD Billion)
10.3.6. 5G IoT Market - US
10.3.6.1. US: 5G IoT Market, by Component, 2020-2034 (USD Billion)