The advent of 5G and the increasing number of connected devices have opened up new horizons for the internet of things. As the industrial revolution, industry 4.0 is gaining traction, a large number of sectors are ready to exploit the potential of 5G. The key players of 5G IoT are increasingly invested towards providing the right services to expand their business reach.
MARKET DYNAMICS
The 5G IoT market is anticipated to grow rapidly in the forecast period owing to driving factors such as rising data traffic coupled with an increasing number of connected IoT devices. Moreover, increasing demand for low latency connectivity is likely to propel market growth. However, government regulations and issues concerning global spectrum are significant challenges for the growth of the 5G IoT market during the forecast period. On the other hand, the growing number of cloud services is expected to offer lucrative opportunities for the players operating in the 5G IoT market.
MARKET SCOPE
The "Global 5G IoT Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of 5G IoT market with detailed market segmentation by range, end user and geography. The global 5G IoT market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading 5G IoT market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global 5G IoT market is segmented on the basis of range and end user. On the basis of the range, the market is segmented as short-range IoT devices and wide-range IoT devices. The market on the basis of the end user is classified as healthcare, government, manufacturing, energy and utilities, transportation and logistics and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global 5G IoT market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The 5G IoT market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting 5G IoT market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive Porter's Five Forces analysis on a global scenario.
MARKET PLAYERS
The reports cover key developments in the 5G IoT market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from 5G IoT market are anticipated to lucrative growth opportunities in the future with the rising demand for 5G IoT in the global market. Below mentioned is the list of few companies engaged in the 5G IoT market.
The report also includes the profiles of key 5G IoT companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- AT&T Inc.
- BT Group plc
- Huawei Technologies Co., Ltd.
- Nokia Corporation
- Sprint Corporation
- Telefonaktiebolaget LM Ericsson
- Telefónica, S.A.
- Telstra Corporation Limited
- Verizon
- Vodafone Group