5G IoT Market Size – By Component (Hardware, Software and Services), By Connectivity Technology (Cellular Networks (4G, 5G), Low Power Wide Area Networks (LPWAN), Narrowband IoT (NB-IoT), Radio Frequency Identification (RFID), Near Field Communication (NFC), Bluetooth and Bluetooth Low Energy (BLE), Wi-Fi, Zigbee and Others), By Application (Transportation, Building, Utilities, Education, Healthcare, Public Safety), & Region – Global Forecasts 2024 - 2034.
- PUBLISHED ON
- 2024-10-21
- NO OF PAGES
- 270
- CATEGORY
- Information Communication & Technology
Market Overview
The 5G IoT market report is predicted to develop at a compound annual growth rate (CAGR) of 70.6% from 2024 to 2034, when global 5G IoT market forecast size is projected to reach USD 816.85 Billion in 2034, based on an average growth pattern. The global 5G IoT market revenue is estimated to reach a value of USD 6.72 Billion in 2024.
SOURCE: We Market Research
The market is
growing rapidly, driven by the increasing adoption of smart city technologies
to improve urban infrastructure, resource management, and overall quality of
life. The market refers to the use of Internet of Things (IoT) technologies and
solutions to enhance urban infrastructure, services, and environments. It
involves the integration of connected devices, sensors, software, and
communication technologies to gather and analyze data from various urban
systems in real-time. This enables cities to improve efficiency,
sustainability, safety, and the quality of life for residents through
intelligent decision-making and automated responses. Applications of 5G IoT
include areas such as traffic management, energy consumption, waste management,
public safety, healthcare, environmental monitoring, and other municipal
services.
Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 145.72 Billion |
|
Market
Forecast in 2034 |
USD 585.43 Billion |
|
CAGR % 2024-2034 |
19.6% |
|
Base
Year |
2023 |
|
Historic Data |
2019-2023 |
|
Forecast
Period |
2024-2034 |
|
Report USP
|
Production, Consumption,
company share, company heatmap, company production capacity, growth factors
and more |
|
Segments
Covered |
By Component,
By Connectivity Technology, By Application and By Region |
|
Regional Scope |
North America,
Europe, APAC, South America and Middle East and Africa |
|
Country
Scope |
U.S.; Canada;
U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia;
China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico;
Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Market: Dynamics & Restrains
Global 5G IoT Market Opportunity:
We Market Research: Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into global 5G IoT market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.