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DUBLIN, Jan. 22, 2023 /PRNewswire/ — The “5G IoT Market by Component, Architecture, Application, End User, and Geography – Global Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.
The research report provides in-depth analysis of 5G IoT market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2030.
The global 5G IoT market is expected to reach $17.68 billion by 2030, growing at a CAGR of 47.6% during the forecast period of 2023-2030.
The growth of this market is attributed to the growing significance of 5G IoT devices in smart city projects and the increasing demand for digital wearable devices. In addition, the high potential for 5G IoT in connected healthcare is expected to offer significant growth opportunities for the growth of this market. High costs for 5G IoT network installation and security & data privacy concerns are creating challenges for market growth.
Segmentation Analysis
The solutions segment accounted for the larger share of the overall 5G IoT market. The proliferation of wireless technologies in industry operations is expected to drive market growth.
The short-range segment accounted for the larger share of the overall 5G IoT market. The growth of the segment is attributed to the rising need for improving short-range connectivity and coverage rate.
The 5G NR Non-standalone (NSA) segment is expected to account for the larger share of the overall 5G IoT market. The growth of this segment is attributed to the rising need for reliable communications and increasing delivery efficiency at a low cost.
The security & surveillance segment is expected to account for the largest share of the overall 5G IoT market. Thus, the rising need to monitor multiple locations and facility conditions in real-time drives market growth.
The B2B end-user segment is expected to account for the larger share of the overall 5G IoT market. The growth of this segment is attributed to the rising need for predicting performance to improve efficiency.
Key questions answered in the report:
Scope of the Report:
Market by Component
Market by Device Range
Market by Architecture
Market by Application
Market by End User
Market by Geography
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. The Impact of COVID-19 on the 5G IoT Market
5. Market Insights
6. 5G IoT Market, by Component
7. 5G IoT Market, by Device Range
8. 5G IoT Market, by Architecture
9. 5G IoT Market, by Application
10. 5G IoT Market, by End User
11. 5G IoT Market, by Geography
12. 5G IoT Market-Competitive Landscape
13. Company Profiles
14. Appendix
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/yx7p3y
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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