Uploaded on Oct 15, 2020
The global 5G IoT market size is expected to reach USD 11.35 billion by 2027 according to a new study by Polaris Market Research. The report “5G IoT Market Share, Size, Trends, Industry Analysis Report, By Radio Technology (5G NR Standalone Architecture and 5G NR Non-Standalone Architecture); By Range (Short Range IoT Devices and Wide Range IoT Devices); By Vertical (Manufacturing, Energy & Utilities, Government, Healthcare, Transportation & Logistics, Mining and Others); By Regions; Segment Forecast, 2020 –2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
5G IoT Market Size Worth $11.35 Billion By 2027 | CAGR: 45.8% |
5G IOT market
Set to Exceed $11.35 Billion by 2026 | CAGR 45.8%
5G IoT Market Share, Size, Trends, Industry Analysis Report,
By Radio Technology (5G NR Standalone Architecture and
5G NR Non- Standalone Architecture); By Range (Short
Range IoT Devices and Wide Range IoT Devices); By Vertical
(Manufacturing, Energy & Utilities, Government,
Healthcare, Transportation & Logistics, Mining, Others); By
Regions; Segment Forecast, 2020 - 2027
5G IoT Market Size Worth $11.35 Billion By 2027 | CAGR: 45.8% |
The global 5G IoT market size is expected to reach USD 11.35 billion by 2027 according to a
new study by Polaris Market Research. The report “5G IoT Market Share, Size, Trends,
Industry Analysis Report, By Radio Technology (5G NR Standalone Architecture and 5G NR
Non-Standalone Architecture); By Range (Short Range IoT Devices and Wide Range IoT
Devices); By Vertical (Manufacturing, Energy & Utilities, Government, Healthcare,
Transportation & Logistics, Mining and Others); By Regions; Segment Forecast, 2020 –2027”
gives a detailed insight into current market dynamics and provides analysis on future market
growth.
5G network provides a smooth communication and networking functions and works under a
wireless high-frequency technology. In addition, the technology provides an advanced,
improved flexibility of wireless services, higher network speed, and reduced latency. IoT
devices such as wireless sensors, computer devices, software, actuators, and others largely
depend on prompt communication and data transfer services, which is provided through this
technology. Moreover, it offers improved flexibility of wireless services and are largely
dependent on instant communication & data transfer provided through 5G technology. It
plays a vital role in the evolution of communication as well as in the businesses and society
in the market. For instance, in order to obtain measurements from a boiler or other
equipment in manufacturingCo piynrigdhtu © sPotlarryis ,M a5rkeGt R eIsoeaTrc ho & ffCoensrulstin gu LLltP r2a01-8.r Aell lRiigahbts Rles ecrveodmmunications for several 2
time-sensitive communications processes.
.
5G IoT Market Scope
By Radio Technology By Range By Vertical By Region
5G NR Standalone Short Range IoT Manufacturing North America (U.S., Canada)
Architecture Devices Energy & Utilities Europe (France, Germany, UK, Italy,
5G NR Non- Standalone Wide Range IoT Government Spain, Netherlands, Austria)
Architecture Devices Healthcare Asia Pacific (Japan, China, India,
Transportation & Logistics Malaysia, Indonesia. South Korea)
Mining Latin America (Brazil, Mexico, Argentina)
Others MEA (Saudi Arabia, UAE, Israel, South
Africa)
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5G IoT Market Estimate & Forecast to 2026
Increased demand for manufacturing & adoption of this technology will not only provide
reliable networks but also deliver fantastic secure connection for Industrial IoT by
assimilating security into the network architecture. Moreover, factors such as rise in
demand for processing of collected data via sensors, analyzing, and real-time tracking of
business operations & other activities across several industrial sectors are some of the other
factors fueling the market growth. Furthermore, with providing backing operations that
require real-time access to data changes instantly and increased demand for ultra-low
latency from numerous sectors are some of the factors driving the market growth.
Access Research Report On 5G IoT Market Size
Market participants such as Anritsu, AT&T, Bell Canada, BT Group, Ericsson, Etisalat,
Huawei, Juniper Networks, Inc., Nokia, Palo Alto Networks, Inc., Qualcomm Technologies,
Inc., Rogers, Sierra Wireless, Singtel, Sprint, Syniverse Technologies LLC, Telefónica, Telenor
Group, Telstra, Telus, Verizon, and Vodafone, among others. are some of the key players
operating in the global market.
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5G IoT Market
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About Us
Polaris Market Research is a global market research and consulting company. The company
specializes in providing exceptional market intelligence and in-depth business research services
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