DUBLIN--(BUSINESS WIRE)--The "5G IoT Market by Connection, Radio Technology, Range, Vertical and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global 5G IoT market is in the nascent phase and expected to grow from USD 694.0 million in 2020 to USD 6,285.5 million by 2025, at a Compound Annual Growth Rate (CAGR) of 55.4% during the forecast period.
"Growing demand for low latency connectivity is one of the drivers for the 5G IoT market"
Ultra-low latency is one of the major factors driving the 5G services market. Latency in computer network refers to the time a data packet takes to travel. Lower latency leads to a higher data transmission rate. The ultra-low latency of 5G is almost 50 times lower than the current 4G network. The 5G technology is expected to provide a latency of 1 millisecond, whereas, in 4G, the latency rate is 50 milliseconds. Because of this, 5G services would be high in demand for industrial applications and connected IoT ecosystems, as these applications and connections need faster and reliable network services.
"Among range, the short-range IoT devices segment is expected to account for the highest market share during the forecast period"
The short range IoT devices segment is estimated to show the highest market share in 2020 and expected to witness strong growth characteristics in the coming years. With emerging new application areas, short-range IoT devices need another type of connectivity solution that can fulfil the growing need for data speed. For instance, in-building connectivity devices in manufacturing, healthcare, energy and utilities, and retail sectors demand low latency and high power, which are fulfilled by the 5G network.
"Among radio technology, the 5G New Radio (NR) standalone architecture segment is expected to have the highest growth during the forecast period"
The overall adoption of 5G NR standalone architecture is expected to increase during the forecast period, owing to a wide range of functionalities and core features that the architecture provides. The 5G NR standalone solutions have various new built-in capabilities such as network slicing, ultra-low latency, Control and User Plane Separation (CUPS), multi-Gbps support, and virtualization.
"Among regions, Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period"
The large population in APAC has created an extensive pool of mobile subscribers for telecom companies. The region is the largest contributor to the total number of mobile subscribers across the globe and would add more subscribers to its network in the coming years. It is a diversified region that houses a wide range of countries moving toward digital transformation. It is set to dominate the 5G market, due to its size, diversity, and the logical lead taken by countries, including South Korea, China, and Japan.
South Korea, China, and Japan are the prime APAC countries that have started several 5G-related activities. Asian telecom service providers, vendors, and government firms are determined to take the lead in 5G research and deployment.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities in the Global 5G IoT Market
4.2 5G IoT Market, By Range
5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Demand for Low Latency Connectivity
5.2.1.2 Increasing Number of Connected IoT Devices
5.2.1.3 Growing Data Traffic
5.2.2 Restraints
5.2.2.1 High Capex for Infrastructure
5.2.3 Opportunities
5.2.3.1 Rapid Development of Infrastructures
5.2.3.2 Increasing Number of Cloud Services
5.2.4 Challenges
5.2.4.1 Issues Related to Global Spectrum
5.2.4.2 Government Regulations
5.3 5G Trials and Deployments
5.4 State of 5G Commercialization
6 5G IoT Market, By Connection
6.1 5G IoT Connections
6.1.1 Emerging New Use Cases to Drive the Growth of IoT Connections
7 5G IoT Market, By Radio Technology
7.1 Introduction
7.2 5G New Radio Standalone Architecture
7.2.1 High Performances and Low Complexities to Drive the 5G New Radio Standalone Architecture Segment
7.3 5G New Radio Non-Standalone Architecture
7.3.1 Low Deployment Cost and Faster Route to Market to Drive the 5G New Radio Non-Standalone Architecture Segment
8 5G IoT Market, By Range
8.1 Introduction
8.2 Short-Range IoT Devices
8.2.1 Low Latency and High Power 5G Capabilities to Drive the Short-Range IoT Devices Segment
8.3 Wide-Range IoT Devices
8.3.1 Convergence of Verticals to Increase the Number of Wide-Range IoT Devices
9 5G IoT Market, By Vertical
9.1 Introduction
9.2 Manufacturing
9.2.1 5G Connectivity to Boost Automation in the Manufacturing Vertical
9.3 Energy and Utilities
9.3.1 IoT Solutions Improvise Analytics-Based Decision-Making By Diminishing the Threats and Vulnerabilities in the Energy and Utilities Vertical
9.4 Government
9.4.1 Connected Devices to Be Used to Keep Both Public and Citizen Spaces Safe
9.5 Healthcare
9.5.1 5G Provides Uninterrupted High-Speed Data Transfer for Short as Well as Long-Range Distances
9.6 Transportation and Logistics
9.6.1 Fleet Management to Drive the 5G IoT Market in the Transportation Vertical
9.7 Mining
9.7.1 5G IoT Network at Mining Sites Saves Energy
9.8 Others
10 5G IoT Market, By Region
10.1 Introduction
10.2 North America
10.2.1 North America to Lead the Market Due to the Implementation of 5G Services By Telcos
10.3 Europe
10.3.1 Government Initiatives By European Union to Drive the Deployment of 5G Services in Europe
10.4 Asia Pacific
10.4.1 With A Strong Collaboration Strategy in Place, South Korea to Lead the 5G Path in Asia Pacific
10.5 Rest of the World
11 Competitive Landscape
11.1 Overview
11.2 Competitive Scenario
11.2.1 Partnerships and Collaboration
11.2.2 New Service Launches
11.2.3 Acquisitions
11.2.4 Business Expansion and Network Expansion
12 Company Profiles
12.1 Introduction
12.2 Ericsson
12.3 Nokia
12.4 Huawei
12.5 AT&T
12.6 Verizon
12.7 Sprint
12.8 Telefnica
12.9 BT Group
12.10 Vodafone
12.11 Telstra
12.12 Etisalat
12.13 Telus
12.14 Bell Canada
12.15 Singtel
12.16 Rogers
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