DUBLIN, October 21, 2021--(BUSINESS WIRE)--The "Global 5G IoT Market (2021-2026) by Technology, Range, Deployment, Organization Size, Enterprise Vertical, Geography, Competitive Analysis and the Impact of COVID-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global 5G IoT Market is estimated to be USD 3.6 Bn in 2021 and is expected to reach USD 11.2 Bn by 2026, growing at a CAGR of 25.3%.
Key factors such as ultra-low latency connectivity with a broader geographic coverage requirement using the IoT devices have been a driving force for the growth of 5G technology for IoT devices. There has also been a rise in the data traffic recently due to the vast customer base using smartphones, tablets, and other devices and increasing numbers of connected devices. These factors are positively impacting the growth of the market further. Increased adoption of Industry 4.0 and thus, the requirement for high internet connectivity contributes to the industry growth.
The costs associated with the installation and deployment with high capital expenditure incurred to establish the 5G IoT infrastructure are high. This is likely to restrain the market growth.
The global 5G IoT market is segmented based on the technology, range, deployment, organization size, enterprise vertical, and geography.
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
The report offers a comprehensive evaluation of the Global 5G IoT Market.
The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys and observation of renowned personnel in the industry.
The report includes in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of COVID-19 on the market is also featured in the report.
The report also contains the competitive analysis using the Competitive Quadrant, the analyst's Proprietary competitive positioning tool.
A complete analysis of the market including parent industry
Important market dynamics and trends
Historical, current, and projected size of the market based on value and volume
Market shares and strategies of key players
Recommendations to companies for strengthening their foothold in the market
High volume of Data Traffic Generation
Growing Demand for Low Latency Connectivity
Increasing Number of Connected IoT Devices
High Installation and Deployment Costs
Increasing Number of Cloud Services
Adoption of Industry 4.0 in Industry Sectors
Technical Issues Due To Multiple Carrier Involvement
BT Group Plc
Huawei Technologies Co., Ltd.
Now Microsoft Corp
Telefonaktiebolaget LM Ericsson
Telstra Corporation Limited
Vodafone Idea Group
Juniper Networks, Inc.
Qualcomm Technologies Inc.
Palo Alto Networks, Inc.
Syniverse Technologies LLC
For more information about this report visit https://www.researchandmarkets.com/r/i9t2lc
View source version on businesswire.com: https://www.businesswire.com/news/home/20211021005884/en/
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