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Upcoming Allied Market Research
2021
5g Iot Market

5G IoT Market By Component Type (Hardware, Software, and Service), Organizational Size (Small & Medium Enterprises and Large Enterprises), Industry Vertical (Healthcare, Government & Public Sector, Supply Chain & Logistics, Manufacturing, Automotive and Transportation, Retail, Smart Building, Education, and Others), and Application (Vehicle Telematicts, Smart Grid Operations, Industrial Robotics & Automations, Smart Home & Building, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A12815
Pages: NA
Oct 2021 | 166 Views
   
Author(s) : Vineet Kumar
Tables: NA
Charts: NA
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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5G IoT Market Insights - 2030

New technology advances offer more than just developments of existing mobile communication. As the volume of data is increasing, the need for 5G technology is also increasing. The requirement of IoT is not met by the existing 3G and 4G technologies as they do not work efficiently on big data. Hence, for the utilization of IoT to its full potential, 5G as a foundation for IoT is required. 5G has features such as fast downloads, low latency, high speed connectivity, and ubiquitous coverage. To manage product, process, people, and infrastructure, many organizations use 5G IoT solutions to improve network operations and reduce organizational expenses. Increase in the development of IoT devices and agile networks, network slicing, and advanced 5G technology is the reason for increased demand for 5G IoT technology.

Market Scope and Structure Analysis

Report Metric

 

Details

  Market Size Available for Years

 

  2020-2030

  Base Year Considered

 

  2020

  Forecast Period

 

  2021-2030

  Forecast Unit

 

  Value (USD)

  Segments Covered

Component, Organizational Size , Industry Vertical, Applications, and Region

 

  Regions Covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa)

 

  Companies Covered

 

China Mobile Limited, AT&T Intellectual Property, Verizon, T-Mobile USA Inc., Vodafone Limited, Orange, Telefonica S.A, SK Telecom, Deutsche Telekom, Telefonaktiebolaget LM Ericsson, Huawei Technologies CO., Ltd., Nokia, Samsung, and Cisco

 

Impact of COVID-19 on 5G IoT Market-

  • The emergence of COVID-19 has a great impact on not only the countries but also different industries across the world. Furthermore, lockdown and restrictions have forced people to work from home.
  • To support the digital infrastructure of countries, telecommunication industries are playing a very important role during COVID-19.
  • Constant communication with one another in the society be it federal, state, local government or any individual, real-time information of COVID-19 situation is possible due to these digital infrastructure.
  • As COVID-19 cases are increasing different government organization along with healthcare, telecom, media & entertainment, and utility are working day in and day out to stabilize the condition and provide prerequisite services to every individual.
  • Due to lockdown imposed in countries across the globe, industries, such as automotive, textile, logistics, manufacturing, travel and hospitality, consumer and goods, are closed.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

IoT devices can be connected to a wide range of wireless technologies such as 5G, wireless sensor network, and Internet Protocol version 6 (IPv6). As the adoption of these technology increases, the demand for IoT devices also increases. Furthermore, increased capacity, high data rate, and high connectivity are required as the data transmission rate amongst large connected devices increases. As 5G supports low latency 5G wireless networks are considered as key drivers for IoT devices. However, the need for coordination of the devices connected to the IoT has increased as there are different devices connected to IoT. Each device uses various hardware and software platforms and is also manufactured by different manufacturers. This causes compatibility issues amongst devices, sensors, and servers. The main challenge lies in unifying these standards so that M2M communication becomes user-friendly and flexible. Hence, lack of common protocol and communication standards is one of the major restraints for IoT technology. Increased demand for private 5G network technology across private sectors, governments, and organizations is one of the opportunities for the 5G IoT market. 5G technology that utilizes local area network is called as private 5G network and offers combined connectivity with numerous advantages and optimized services. Smart retail, connected factories, connected healthcare, autonomous vehicles, and rural broadband connectivity like business applications are provided by these private networks. Ericsson collaborated with Orange Business Services to develop IoT security that offers threat monitoring and mitigation, which adds security to cellular IoT connectivity services.

Key segments covered:

Segment

 

Sub segment

  Component

Hardware, Software, and Services

 

  Organizational Size

 

Small & Medium Enterprise and Large Enterprise

 

  Industry Vertical

 

Healthcare, Government & Public Sector, Transport& Logistics, Manufacturing, Automotive and Transportation, Retail& E-commerce , Education, and Others

 

 

  Application

 

Vehicle Telematicts, Smart Grid Operations, Industrial Robotics & Automations, Smart Home & Building, and Others

 

 

Key Benefits of the Report

  • This study presents the analytical depiction of the 5G IoT industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the 5G IoT market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the 5G IoT market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed 5G IoT market analysis depending on competitive intensity and how the competition will take shape in the coming years.

Questions Answered in the 5G IoT Market Research Report

  • Which are the leading players active in the 5G IoT market?
  • What are the detailed impacts of COVID-19 on the market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
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