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According to the latest research report released by Markets and Markets, the global 5G IoT market will reach $700 million by 2020, but with the increase in demand for connected IoT devices and the gradual commercialization of 5G technology, this figure is expected to increase to $6.
3 billion by 2025, with a compound annual growth rate of 55.
4%.
Among radio technologies, the 5G NR standalone architecture segment is expected to grow
at the highest CAGR during the forecast period.
The 5G NR standalone architecture is a new wireless network, which mainly includes 5G RAN and 5G core network
.
5G NR standalone solutions are expected to be more effective
than 5G NR non-standalone solutions.
Short-range IoT devices, ranging from 0 to 150 meters compared to wide-range IoT devices, will be more favored by the market during the forecast period, and their connectivity plays an important role
in the IoT ecosystem.
Currently, a variety of connectivity options
are available to IoT stakeholders.
Cellular IoT technologies, such as Cat-M1 and NB-IoT, are leading the industry
vertical.
In terms of market region, North America is expected to be the major regional market, especially in the U.
S.
and Canada
.
Leading telecom operators in the region, such as AT&T, Verizon, Sprint, Rogers, Bell and Telus, have announced the deployment of 5G networks
.
Verizon plans to launch 5G services
in 30 U.
S.
cities by the end of 2020.
T-Mobile also announced the launch of 5G services
in 30 cities.
AT&T has already launched 5G services
in 12 cities.
These service providers have partnered with network enablers such as Ericsson, Nokia and Samsung to launch 5G services
in the United States.
In the 5G IoT market, major and emerging market players include Ericsson (Sweden), Nokia (Finland), Huawei (China), AT&T (US), Verizon (US), Sprint (US), Telefónica (Spain), BT Group (UK), Vodafone (UK), Telstra (Australia), Etisalat (UAE), Telus (Canada), Bell Canada (Canada), Singtel (Singapore) and Rogers (Canada).
According to the latest research report released by Markets and Markets, the global 5G IoT market will reach $700 million by 2020, but with the increase in demand for connected IoT devices and the gradual commercialization of 5G technology, this figure is expected to increase to $6.
3 billion by 2025, with a compound annual growth rate of 55.
4%.
Among radio technologies, the 5G NR standalone architecture segment is expected to grow
at the highest CAGR during the forecast period.
The 5G NR standalone architecture is a new wireless network, which mainly includes 5G RAN and 5G core network
.
5G NR standalone solutions are expected to be more effective
than 5G NR non-standalone solutions.
Short-range IoT devices, ranging from 0 to 150 meters compared to wide-range IoT devices, will be more favored by the market during the forecast period, and their connectivity plays an important role
in the IoT ecosystem.
Currently, a variety of connectivity options
are available to IoT stakeholders.
Cellular IoT technologies, such as Cat-M1 and NB-IoT, are leading the industry
vertical.
In terms of market region, North America is expected to be the major regional market, especially in the U.
S.
and Canada
.
Leading telecom operators in the region, such as AT&T, Verizon, Sprint, Rogers, Bell and Telus, have announced the deployment of 5G networks
.
Verizon plans to launch 5G services
in 30 U.
S.
cities by the end of 2020.
T-Mobile also announced the launch of 5G services
in 30 cities.
AT&T has already launched 5G services
in 12 cities.
These service providers have partnered with network enablers such as Ericsson, Nokia and Samsung to launch 5G services
in the United States.
In the 5G IoT market, major and emerging market players include Ericsson (Sweden), Nokia (Finland), Huawei (China), AT&T (US), Verizon (US), Sprint (US), Telefónica (Spain), BT Group (UK), Vodafone (UK), Telstra (Australia), Etisalat (UAE), Telus (Canada), Bell Canada (Canada), Singtel (Singapore) and Rogers (Canada).
