Bulletin
Investor Alert

April 9, 2021, 6:21 a.m. EDT

Global 5G in IoT Market Share, Historical Growth, Analysis, Opportunities and Forecast To 2027

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

Apr 09, 2021 (Market Insight Reports) -- Selbyville, Delaware, According to the research report titled 'Global 5G in IoT Market Size study, by Radio Technology, by Range, by Vertical and Regional Forecasts 2020-2027', available with Market Study Report LLC, Global 5G in IoT Market size to reach USD 20.51 billion by 2027 and is USD 0.7 billion in 2019 and is expected to grow with a CAGR of 52.53% during 2020-2027.

Growing adoption of connected devices in several applications including smart meters, industrial manufacturing, automation, and others is primarily driving the growth of global 5G in IoT market. As per report findings, companies such as ABB, Nokia, and Kalmar demonstrated Ultra-Reliable Low Latency Communication (URLLC) based on 5G for smart electricity grids.

Request a Sample Report of 5G in IoT Market at: https://www.marketstudyreport.com/request-a-sample/2815879/?utm_source=Marketwatch.com/&utm_medium=SP

Notably, macro and small cell base stations with edge computing capabilities make up the 5G infrastructure. In 5G, the network functions that usually run on hardware are virtualized, running as software. It involves a wireless high-frequency technology band for uninterrupted communication and networking. 5G reduces latency, enhances flexibility of wireless services, and increases the network speed. Hence, IoT devices rely on fast communication and data transfer that is offered by 5G technology.

Increasing research to develop new variations in order to expand the product portfolio is further augmenting the industry share. Despite the favorable business scenario, availability on online stores is anticipated to hamper the remuneration scale of worldwide 5G in IoT industry over the forecast timespan.

Renowned firms in global 5G in IoT market size are Telstra Corporation Ltd., Vodafone Group plc, BT Group plc, Telefonica Brasil S.A., Sprint Corporation, Verizon Communications Inc., AT&T Inc., Huawei Technologies Co. Ltd., Nokia Corporation, and Telefonaktiebolaget LM Ericsson.

Speaking of the regional landscape, worldwide 5G in IoT market dynamics are defined by Asia Pacific, Europe, Latin America, North America, and Rest of the World. As per the report, North America leads the overall market forecast presently, on account of rising adoption of connected IoT devices in the region. Citing an instance, Verizon intended to roll out 5G services across 30 cities in the United States by the end of 2020, whereas AT&T Inc. has established 5G services in 12 cities already.

On the other hand, Asia Pacific 5G in IoT industry is poised to gain momentum through 2027, creditable to increased demand for high speed internet connection, and rising disposable income.

For More Details on 5G in IoT Market Report at: https://www.marketstudyreport.com/reports/global-5g-in-iot-market-size-research?utm_source=Marketwatch.com/&utm_medium=SP

About Us:

Market Study Report, LLC. is a hub for market intelligence products and services.

We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.

Our customers partner with Market Study Report, LLC. to ease their search and evaluation of market intelligence products and services and in turn focus on their company's core activities.

If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. is the platform that can help you in achieving any of these objectives.

Contact Us:

Market Study Report LLC.

4 North Main Street,

Selbyville, Delaware 19975

USA

Phone: 1-302-273-0910

US Toll Free: 1-866-764-2150

Email: sales@marketstudyreport.com

Website: www.marketstudyreport.com

Blog: www.marketstudyreport.com/

COMTEX_384161661/2599/2021-04-09T06:21:26

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.