Global 5G IoT Market is expected to reach US$ XX Bn from 2020 to 2026, at CAGR of XX% during forecast period.Global 5G IoT MarketMajor driving factors in the 5G IoT Market are increasing demand in mobile broadband, the rising use of smartphones and smart wearable devices, growing demand of mobile video adoption, also increased investments by governments in digitalization. For instance, the governments of South Korea, Japan, the US and China have also been particularly active in pushing the rollout of 5G IoT technology by the end of 2019.
Opportunities in the 5G IoT market are rapid development of infrastructures, raising the number of cloud services. However, high capex for infrastructure is a regarding factor which is predictable to hamper the growth of the market during the forecast period.
Based on radio technology, the 5G new radio standalone architecture segment is expected to account for the highest market share during the forecast period. This is because of a wide range of functionalities and core features that the architecture provides. The 5G new radio standalone solutions have various new built-in capabilities like ultra-low latency, network slicing, Control and User Plane Separation (CUPS), multi-Gbps support, and virtualization.
Geographically, the Asia Pacific is expected to hold the largest share in the Global 5G IoT Market during the forecast period. The large population in the APAC has created a wide pool of mobile subscribers for telecom companies. The region is the largest contributor to the total number of mobile subscribers across the world and would add more subscribers to its network in the upcoming years. It is an expanded region that houses a wide range of countries moving toward digital transformation. It is set to dominate the 5G IoT market, because of its size, diversity, and the logical lead taken by countries, including South Korea, China, and Japan.
A key development in 5G IoT market, In Dec 2018, Nokia signed and Telefónica an MoU in which both the companies agreed to build “Early 5G Innovation Cluster" in Berlin. This innovation cluster will offer a platform to test Nokia’s 5G technology under real-life conditions with subscribers of Telefónica Deutschland network. Recently in Feb 2019, Nokia cooperated with Vodafone on active antennas to improvement 5G radio capacity and reduce the total cost of ownership.
Ericsson, Nokia, AT&T and Verizon are the leading players operating in the 5G IoT market, Ericsson is providing T-Mobile by its latest 5G radio hardware that will help them to strengthen and increase the deployment of their nationwide 5G network. Also, Verizon announced its secure wireless access (FWA) 5G product at the MWC Americas 2018 which is anticipated to launch simultaneously in four U.S cities.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global 5G IoT Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the Global 5G IoT Market.
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