The worldwide 5G Industrial Iot Market is estimated to account for approximately USD 8.9 billion of market value by the end of the year 2027

1. 5G Industrial IoT Market Industry Research Report, Share, Business Growth, Future
Opportunities, Challenges, Risks Key Stakeholders and Business Opportunity
Association Demand Forecast to 2027
Market Scenario:
The worldwide 5G Industrial Iot Market is estimated to account for approximately USD 8.9
billion of market value by the end of the year 2027. However, the present market has projected
to acquire 71.3% of CAGR during the research period.
An industrial IoT system is the combination of tons of sensors, big-data storage,
communication systems, advanced analytics, edge computing, complex infrastructure
architecture, and others. This is a perfect solution for the industries that are able to connect
with next-generation wireless connectivity and offers a high speed of transferring data.
However, the high price for the 5G infrastructure implementation might hamper the growth of
the 5G industrial IoT market throughout the review period.
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Competitive Outlook:
The global 5G industrial IoT market appears highly competitive and fragmented, with several
major technology providers forming a competitive landscape. To gain a substantially larger
market share, market players adopt mergers & acquisitions, collaboration, expansion, and
product & technology launch strategies. Also, they make substantial investments to transform
the future consumer and business landscape. Players leading the global 5G industrial IoT
market include Telefonaktiebolaget LM Ericsson (Sweden), Qualcomm Technologies, Inc.
(US), Nokia (Finland), Cisco Systems, Inc. (US), Huawei Technologies Co., Ltd. (China),
AT&T (US), Microsoft (US), IBM Corporation (US), Siemens (Germany), Sierra Wireless
(Canada), Verizon (US), Telefónica S.A (Spain), T-Mobile USA, INC (US), Vodafone Limited
(UK), and TELUS (Canada), among others.
Segmentation:
There are various segments that are playing a significant role in the global 5G industrial IoT
market. It includes the component, application, organization size, and end-user.
On the basis of component segment, the 5G industrial IoT industry has been classified into
service, hardware, and solution. Further, the service segment is sub-classified into managed
and professional services. Based on the application segment, the 5G industrial IoT industry has
been segmented into business process optimization, predictive maintenance, logistics & supply
chain management, asset tracking & management, automation control & management, real-
time workforce tracking & management, incident management, emergency, and business
communication.
In terms of organization size segment, the 5G industrial IoT market has been categorized into
small & medium enterprises and into a large enterprise. Depending on the end-user segment,
the worldwide market has been divided into consumer electronics, food & beverage, energy &
utility, manufacturing, automotive & transportation, and others.

2. Regional Analysis:
According to 5G industrial IoT market analysis, the market has been divided into Europe,
North America, the Middle East & Africa, Asia-Pacific, South America, and others.
Of these, the North American market is anticipated to acquire the largest market share during
the research period due to increasing requirements for 5G industrial IoT connectivity services
among various industries. In the North American region, the US country is projected to
dominate the regional market due to several factors like rising adoption of 5G industrial IoT
connectivity, growing requirements for reliability and high-speed wireless connectivity among
end-use industries, including automotive & transport, manufacturing, healthcare, retail,
utilities, and others. Moreover, the country has the major key player like IBM Corporation
(US), Qualcomm Technologies, Inc. (the US), AT&T (US), Cisco Systems, Inc. (the US),
Microsoft (US), T-Mobile USA, INC (US), and Verizon (US), who are largely investing on the
spectrum licenses for various private networks and research and developmental activity in 5G
industrial IoT technology.
Further, the European market is anticipated to hold the second-largest market share in the
analysis period because of the rising adoption of robotic process control and factory automation
from various manufacturing sectors. Moreover, the rising need for smart asset management
and rising rapid developments to improve workplace safety is the major factors for growing
the regional market growth. Apart from this, the Asia-Pacific market is projected to be the
fastest-growing market throughout the review period.
Industry news
On14th April 2021, the prominent player Verizon has declared itsSaaS offering plan to grow
Hyper Precision Location (HPL), which has aimed to enhance the location data accuracy that
will cover more than 100 main markets in the US.
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industrial-iot-market-10560
Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
Continued….
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