5G IoT Market is expected to grow from USD 2.6 Bn in 2021 to USD 208.23 Bn by 2029, at CAGR of 72.96% during forecast period.
5G IoT Market Overview:
The leading business consulting firm Maximize Market Research has announced research report on the 5G IoT Market. The research contributes the information on global and regional markets, as well as thorough analysis of the market’s long term prospects. A description and graphical representation of key competitors and the most recent successful marketing strategies and tactics, contributions and current and historical backdrop are all included in the report.
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5G IoT Market Scope:
The research report pinpoints the major drivers and restraints for key companies, and the current benchmarking and development prospects. It looks into the demand in the industry and for market predictions, market trends and micro and macro variables in the detail. The research analyses the market value in terms of value and volume estimated on real numbers and outputs of the major players across the globe. The report constitutes an in depth analysis of the 5G IoT Market and its segmentation. It also provides the investors and readers with regional analysis of the market dynamics which assists them to compare the past and current trends of the market scenarios. The primary and secondary data are analysed to understand the depth of the market. Primary data consists of many interviews of industry specialists and experts, market leaders and entrepreneurs and marketing professionals. Secondary data was collected through the list of sources for maximum reliability of the inferences which includes official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the industry along with paid databases.
Segmentation Analysis:
The 5G IoT market is divided into Connectivity, Radio Technology, Range, Vertical, and Regional segments. The market is divided into 5G New Radio Standalone Architecture and 5G New Radio Non-Standalone Architecture based on radio technology. The sector for 5G new radio standalone architecture is predicted to have the most market share over the forecast period. This is because the architecture offers a wide range of functionalities and fundamental components. The 5G new radio standalone solutions come with new features including virtualization, network slicing, ultra-low latency, and Control and User Plane Separation (CUPS).
The market is divided into Short-Range and Wide-Range IoT Devices based on range. The segment of short-range IoT devices is anticipated to have the maximum market share in 2021 and maintain its dominance throughout the forecast period. Manufacturing, healthcare, energy & utilities, and retail all use short-range IoT devices to provide connectivity.
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Key Competitors:
• Ericsson
• Huawei
• Vodafone
• AT&T
• Verizon
• Vodafone
• Telstra
• China Mobile
• Etisalat
• Sprint
• KT Corporation
• NEC Corporation
• SingTel
• SK Telecom Co. Ltd
• Cisco Systems Inc.
• Qualcomm Incorporated
• Samsung Electronics Co. Ltd
• Broadcom Corporation
• Telus
• Bell Canada
• Singtel
Regional Analysis:
The reports presents the 5G IoT Market’s growth a detailed analysis. It describes the most dominant regions such as North America, Asia Pacific, Europe, Latin America and the Middle East and Africa which has global influence. The differentiation of the market in different regions is understood in regional analysis. The report helps in planning the market strategies by understanding the regional market.
Key Questions answered in the 5G IoT Market Report are:
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Key offerings:
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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Mar 06, 2023