The 5G IoT Market is expected to reach $17.68 billion by 2030, with a strong CAGR of 47.6% from 2023 to 2030. This increase is being driven by the growing importance of 5G IoT devices in smart city efforts, the rising demand for low-latency IoT devices for Industry 4.0, and the growing popularity of digital wearable devices. Furthermore, the integration of 5G IoT in self-driving cars, as well as its tremendous potential in linked healthcare, are projected to open up new market prospects. However, hefty installation costs and worries about security and data privacy pose barriers to its expansion.
The global availability of 5G networks may also impede business expansion in some cases. On the technological front, new market trends include the increasing acceptance of network slicing, the strengthening of edge computing applications, and the rapid adoption of cloud computing by SMEs. Furthermore, the adoption of IoT for connected transportation and IoT-enabled security solutions is expected to shape the 5G IoT market over the research period.
Top 10 Companies in the 5G IoT Market : https://meticulousblog.org/top-10-companies-in-5g-iot-market/
- Telefonaktiebolaget LM Ericsson
– Ericsson, founded in 1876, is a telecommunications and networking business headquartered in Stockholm, Sweden. The company creates telecommunications equipment and services in four categories: networks, digital services, managed services, and emerging business and other. Ericsson has a significant global footprint, with subsidiaries in Southeast Asia, Oceania, North America, and Europe.
- Nokia Corporation
– Founded in 1865 and headquartered in Tampere, Finland, Nokia Corporation operates in the information technology, telecommunication, and electronics sectors. The company offers a variety of network equipment, software, and services, with a strong focus on mobile networks from 2G to 5G. Nokia has a significant global footprint, with subsidiaries across North America, Europe, and Asia-Pacific.
- Qualcomm Incorporated
– Based in Carolina, U.S., Qualcomm was founded in 2011 and specializes in technology and telecommunications. The company designs and develops semiconductors and wireless technology products, operating through three segments: QCT, QTL, and QSI. Qualcomm maintains a strong international presence, particularly in the U.S., China, and South Korea.
- AT&T Inc.
– Established in 1983 and headquartered in Texas, U.S., AT&T Inc. is a major player in the technology and telecommunication industries. The company offers wireless networks, digital television, internet, and telecommunication services. AT&T is focused on areas such as 5G, AT&T Fiber, and HBO Max, and operates globally with a strong presence in the Americas, Asia-Pacific, and Europe.
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- Cisco Systems, Inc.
– Cisco Systems, Inc., founded in 1984 and based in California, U.S., is a leading networking company. Cisco manufactures and sells networking hardware, software, and services across four segments: Infrastructure Platforms, Applications, Security, and Services. The company has a strong global presence, with subsidiaries in the Americas, Asia-Pacific, and Europe.
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- IBM Corporation
– Founded in 1911 and headquartered in New York, U.S., IBM Corporation is a technology giant offering solutions in cloud computing, artificial intelligence, IoT, and cybersecurity. IBM operates in four segments: Software, Consulting, Infrastructure, and Financing, with a significant focus on 5G and edge computing solutions. IBM has a widespread global presence, particularly in the Americas and Europe.
- Verizon Communications Inc.
– Verizon Communications Inc., founded in 1983 and headquartered in New York, U.S., is a leading telecommunications company offering voice, data, and video services. The company operates through Services and Wireless Equipment segments and has a strong focus on mobility, network connectivity, and security. Verizon’s operations are primarily based in North America.
- Vodafone Limited
– Established in 1985 and headquartered in Newbury, U.K., Vodafone Limited provides telecommunication services across multiple industries. Vodafone operates through segments like Vodacom, Other Markets, and Common Functions, offering IoT solutions and services in unified communications and cloud security. The company has a significant presence in Europe, the U.K., and Africa.
- Samsung Electronics Co., Ltd.
– Samsung Electronics Co., Ltd., founded in 1969 and headquartered in Suwon-si, South Korea, is a major technology and electronics company. Samsung manufactures a wide range of electronic components and operates through four segments: Consumer Electronics, IT & Mobile Communications, Device Solutions, and Harman. Samsung has a strong global distribution network, especially in the Americas and Asia.
- Huawei Technologies Co., Ltd.
– Founded in 1987 and headquartered in Shenzhen, China, Huawei Technologies Co., Ltd. specializes in information and communication technology. Huawei offers a broad range of telecommunication equipment, consumer electronics, and smart devices, with a significant global presence in China, EMEA, and the Americas.
In-Depth Market Analysis
Meticulous Research® provides a comprehensive report that delves into these companies, offering insights on financial performance, key products, company strategies, and recent partnerships and acquisitions. The report also provides a detailed analysis of the global market size, market share, revenue figures, and emerging trends shaping the 5G IoT market from 2023 to 2030.
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