The 5G Industrial IoT market is expected to grow from USD 0.6 billion in 2020 to USD 63.23billion by 2028, at a CAGR of 79% during the forecast period 2021-2028.
IoT is a broad term that refers to any connected gadget that is not held in a consumer's hand. It incorporates current monitoring, control, and telemetry systems in industrial plants networks and adds a slew of additional sensor and control options gadgets that could lead to complete ‘lights-out' operating in the future by implementing a comprehensive monitoring and control system called The Internet of Things (IoT) necessitates current systems and transforms them via universal connectivity, downsizing, and cost reduction to collect an exponentially higher variety and volume of data and transfer it to centralised or dispersed data lakes for analysis.
The factors driving the market are increasing demand of Wireless Technologies, increased data exchange rate. Wireless technologies are used to connect IoT devices, and each technology has its own set of benefits and use cases. The rising popularity of LPWAN, or Long Range Wide Area Network (LoRaWAN), 5G, wireless sensor networks, and Internet Protocol version 6 (IPv6) is predicted to boost demand for IoT devices, necessitating more wireless technologies. The factor restraining the market growth is lack of standardization in IoT protocol. The requirement to coordinate with a varied variety of devices has expanded as more gadgets need to be connected. Distinct devices have different hardware, run on different platforms, and are made by different manufacturers. The interoperability difficulty in the IoT space is caused by incompatibility across devices, sensors, and even distant server interfaces. Demand for Private 5G network across enterprises, governments, and industries is expected to provide market growth opportunities.
This study delivers a comprehensive analysis of component, application, and region. The component segment includes hardware, solutions, and services. The hardware segment held the largest market share in 2020, owing to the increasing need for 5G industrial IoT. The 5G IoT module is one of the most essential components in the 5G industrial IoT market's hardware sector. The application segment includes predictive maintenance, real-time workforce tracking and management, automation control and management, business process optimization, asset tracking and management, logistics and supply chain management, and emergency and incident management, and business communication. The real-time workforce tracking and management segment held the largest market share in 2020. Manufacturing companies use real-time workforce management and tracking to disperse their techniques and identify, deploy, authenticate, and associate with their people in real time.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia Pacific region is expected to grow at the largest market share in 2020. As a rising economy, Asia Pacific is seeing rapid adoption of current technologies, and it is expected to have the biggest market size and CAGR throughout the forecast period. It's a diverse zone with a wide spectrum of countries moving toward digital transformation. Because of its size, variety, and strategic moves taken by major countries like South Korea, China, Australia, and Japan, the area is poised to influence 5G, blockchain, and the 5G core technologies.
Some of the notable players in the market are Qualcomm Technologies, Inc. , Ericsson , Nokia, Huawei Technologies Co., Ltd., Cisco Systems, IBM Corporation , Microsoft Corporation, Siemens AG , Sierra Wireless, Advantech Co., Ltd., ASOCS , Intel Corporation, Bosch.IO GmbH , Deutsche Telekom AG, Thales Group, IDEMIA. In December 2020, Nokia and dtac, a Telenor Group company, formed a partnership in which dtac chose Nokia as its first 5G RAN partner in a three-year arrangement encompassing Thailand's North and North Eastern areas.
Global 5G Industrial IoT Market Analysis and Forecast, By Component
Global 5G Industrial IoT Market Analysis and Forecast, By Application
Global 5G Industrial IoT Market Analysis and Forecast, By Region
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Component
4.3.2. Market Attractiveness Analysis By Application
4.3.3. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Rapid proliferation of multifunctional devices
5.2.2. Rising demand for high-level voice biometric security
5.3. Restrains
5.3.1. lack of standardization in IoT protocol
5.4. Opportunities
5.4.1. Increasing demand for Private 5G network
6. Global 5G Industrial IoT Market Analysis and Forecast, By Component
6.1. Segment Overview
6.2. Hardware
6.3. Solutions
6.4. Services
7. Global 5G Industrial IoT Market Analysis and Forecast, By Application
7.1. Segment Overview
7.2. Predictive Maintenance
7.3. Real-Time Workforce Tracking & Management
7.4. Automation Control & Management
7.5. Business Process Optimization
7.6. Asset Tracking & Management
7.7. Logistics & Supply Chain Management
7.8. Emergency & Incident Management
7.9. Business Communication
8. Global 5G Industrial IoT Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.5. South America
8.5.1. Brazil
8.6. Middle East and Africa
8.6.1. UAE
8.6.2. South Africa
9. Global 5G Industrial IoT Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in Global 5G Industrial IoT Market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Product Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions
10. Company Profiles
10.1. Qualcomm Technologies, Inc.
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Product Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. Ericsson
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Product Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. Nokia
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Product Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. Huawei Technologies Co., Ltd.,
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Product Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Cisco Systems
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Product Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. IBM corporation
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Product Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. Microsoft Corporation
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Product Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. Siemens AG
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Product Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. Sierra Wireless
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Product Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. , Advantech Co., Ltd.
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company Product Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
10.11. ASOCS
10.11.1. Business Overview
10.11.2. Company Snapshot
10.11.3. Company Market Share Analysis
10.11.4. Company Product Portfolio
10.11.5. Recent Developments
10.11.6. SWOT Analysis
10.12. Intel Corporation
10.12.1. Business Overview
10.12.2. Company Snapshot
10.12.3. Company Market Share Analysis
10.12.4. Company Product Portfolio
10.12.5. Recent Developments
10.12.6. SWOT Analysis
10.13. Bosch.IO GmbH
10.13.1. Business Overview
10.13.2. Company Snapshot
10.13.3. Company Market Share Analysis
10.13.4. Company Product Portfolio
10.13.5. Recent Developments
10.13.6. SWOT Analysis
10.14. Deutsche Telekom AG
10.14.1. Business Overview
10.14.2. Company Snapshot
10.14.3. Company Market Share Analysis
10.14.4. Company Product Portfolio
10.14.5. Recent Developments
10.14.6. SWOT Analysis
10.15. Thales Group
10.15.1. Business Overview
10.15.2. Company Snapshot
10.15.3. Company Market Share Analysis
10.15.4. Company Product Portfolio
10.15.5. Recent Developments
10.15.6. SWOT Analysis
10.16. IDEMIA
10.16.1. Business Overview
10.16.2. Company Snapshot
10.16.3. Company Market Share Analysis
10.16.4. Company Product Portfolio
10.16.5. Recent Developments
10.16.6. SWOT Analysis
List of Table
1. Global 5G Industrial IoT Market, By Component , 2018-2028 (USD Billion)
2. Global Hardware, 5G Industrial IoT Market, By Region, 2018-2028 (USD Billion)
3. Global Solutions, 5G Industrial IoT Market, By Region, 2018-2028 (USD Billion)
4. Global Services, 5G Industrial IoT Market, By Region, 2018-2028 (USD Billion)
5. Global 5G Industrial IoT Market, By Application, 2018-2028 (USD Billion)
6. Global Predictive Maintenance, 5G Industrial IoT Market, By Region, 2018-2028 (USD Billion)
7. Global Real-Time Workforce Tracking & Management, 5G Industrial IoT Market, By Region, 2018-2028 (USD Billion)
8. Global Automation Control & Management, 5G Industrial IoT Market, By Region, 2018-2028 (USD Billion)
9. Global Business Process Optimization, 5G Industrial IoT Market, By Region, 2018-2028 (USD Billion)
10. Global Asset Tracking & Management, 5G Industrial IoT Market, By Region, 2018-2028 (USD Billion)
11. Global Logistics & Supply Chain Management,, 5G Industrial IoT Market, By Region, 2018-2028 (USD Billion)
12. Global Emergency & Incident Management, 5G Industrial IoT Market, By Region, 2018-2028 (USD Billion)
13. Global Business Communication, 5G Industrial IoT Market, By Region, 2018-2028 (USD Billion)
14. North America 5G Industrial IoT Market, By Component , 2018-2028 (USD Billion)
15. North America 5G Industrial IoT Market, By Application, 2018-2028 (USD Billion)
16. U.S. 5G Industrial IoT Market, By Component , 2018-2028 (USD Billion)
17. U.S. 5G Industrial IoT Market, By Application, 2018-2028 (USD Billion)
18. Canada 5G Industrial IoT Market, By Component , 2018-2028 (USD Billion)
19. Canada 5G Industrial IoT Market, By Application, 2018-2028 (USD Billion)
20. Mexico 5G Industrial IoT Market, By Component , 2018-2028 (USD Billion)
21. Mexico 5G Industrial IoT Market, By Application, 2018-2028 (USD Billion)
22. Europe 5G Industrial IoT Market, By Component , 2018-2028 (USD Billion)
23. Europe 5G Industrial IoT Market, By Application, 2018-2028 (USD Billion)
24. Germany 5G Industrial IoT Market, By Component , 2018-2028 (USD Billion)
25. Germany 5G Industrial IoT Market, By Application, 2018-2028 (USD Billion)
26. France 5G Industrial IoT Market, By Component , 2018-2028 (USD Billion)
27. France 5G Industrial IoT Market, By Application, 2018-2028 (USD Billion)
28. U.K. 5G Industrial IoT Market, By Component , 2018-2028 (USD Billion)
29. U.K. 5G Industrial IoT Market, By Application, 2018-2028 (USD Billion)
30. Italy 5G Industrial IoT Market, By Component , 2018-2028 (USD Billion)
31. Italy 5G Industrial IoT Market, By Application, 2018-2028 (USD Billion)
32. Spain 5G Industrial IoT Market, By Component , 2018-2028 (USD Billion)
33. Spain 5G Industrial IoT Market, By Application, 2018-2028 (USD Billion)
34. Asia Pacific 5G Industrial IoT Market, By Component , 2018-2028 (USD Billion)
35. Asia Pacific 5G Industrial IoT Market, By Application, 2018-2028 (USD Billion)
36. Japan 5G Industrial IoT Market, By Component , 2018-2028 (USD Billion)
37. Japan 5G Industrial IoT Market, By Application, 2018-2028 (USD Billion)
38. China 5G Industrial IoT Market, By Component , 2018-2028 (USD Billion)
39. China 5G Industrial IoT Market, By Application, 2018-2028 (USD Billion)
40. India 5G Industrial IoT Market, By Component , 2018-2028 (USD Billion)
41. India 5G Industrial IoT Market, By Application, 2018-2028 (USD Billion)
42. South America 5G Industrial IoT Market, By Component , 2018-2028 (USD Billion)
43. South America 5G Industrial IoT Market, By Application, 2018-2028 (USD Billion)
44. Brazil 5G Industrial IoT Market, By Component , 2018-2028 (USD Billion)
45. Brazil 5G Industrial IoT Market, By Application, 2018-2028 (USD Billion)
46. Middle East and Africa 5G Industrial IoT Market, By Component , 2018-2028 (USD Billion)
47. Middle East and Africa 5G Industrial IoT Market, By Application, 2018-2028 (USD Billion)
48. UAE 5G Industrial IoT Market, By Component , 2018-2028 (USD Billion)
49. UAE 5G Industrial IoT Market, By Application, 2018-2028 (USD Billion)
50. South Africa 5G Industrial IoT Market, By Component , 2018-2028 (USD Billion)
51. South Africa 5G Industrial IoT Market, By Application, 2018-2028 (USD Billion)
List of Figures
1. Global 5G Industrial IoT Market Segmentation
2. Global 5G Industrial IoT Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global 5G Industrial IoT Market Attractiveness Analysis By Component
9. Global 5G Industrial IoT Market Attractiveness Analysis By Application
10. Global 5G Industrial IoT Market Attractiveness Analysis By Region
11. Global 5G Industrial IoT Market: Dynamics
12. Global 5G Industrial IoT Market Share By Component (2021 & 2028)
13. Global 5G Industrial IoT Market Share By Application (2021 & 2028)
14. Global 5G Industrial IoT Market Share by Regions (2021 & 2028)
15. Global 5G Industrial IoT Market Share by Company (2020)
Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.
Market research is valuable because of the following reasons:
Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.
Our market research process involves with the four specific stages.
Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:
Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:
Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.
This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.
Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.
Free Customization
Countries can be added on demand
Free yearly update on purchase of Multi/Corporate User License
Companies served till date
We serve our customers 24x7 for 365 days through calls, emails and live chat options.
Huge database of exceptional market reports bringing market intelligence to your fingertips.
SSL enabled, we offer you various secured payment options for risk free purchase.