5G Industrial IoT Market : Segmented By Components (Hardware, Solution and Services): By Application (Asset Tracking and Management, Predictive Maintenance, Business Process Optimization): By End-user (Process Industries and Discrete Industries) Global Analysis by Market size, share & trends for 2020-2021 and forecasts to 2031
[175+ Research Report] 5G Industrial IoT Market to surpass USD 456.006 million by 2031 from USD 877.4 million in 2021 at a CAGR of 67.64% within the coming years, i.e., 2021-31. Product overview... もっと見る
Summary[175+ Research Report] 5G Industrial IoT Market to surpass USD 456.006 million by 2031 from USD 877.4 million in 2021 at a CAGR of 67.64% within the coming years, i.e., 2021-31.Product overview 5G or the fifth generation of network and the internet of things (IoT) are two macro technology shifts swiftly from ambitious vision to real-world application. 5G and IoT adds system accompaniments that allow new levels of low dormancy, flexibility, and ultra-reliability. It is ideal for applications like first responders, emergency services, and autonomous vehicles as well as drones and industrial IoT, and robotics. 5G is a combined connectivity wireless fabric that will connect almost everything around us. 5G is rapidly evolving to meet diverse IoT requirements. Market Highlights 5G Industrial IoT Market is predicted to project a notable CAGR of 67.64% in 2031 Together with growth in data traffic owing to rising numbers in IoT devices across the manufacturing sector, soaring demand for high dependability and low latency network in industrial industries, and growth in a number of M2M connections across manufacturing industries, drive the growth of 5G Industrial IoT Market. Furthermore, with rising a number of M2M connections across the manufacturing sector, and growing need of preventive maintenance for critical equipment support the market growth. 5G Industrial IoT Market: Segments Discrete Industries to grow with the highest CAGR during 2021-2031 5G Industrial IoT Market is segmented by End-users into Process Industries and Discrete Industries. Discrete Industries held a major share of the 5G Industrial IoT market. Discrete Industries deal with production of distinct units, such as furniture toys, automobiles, smartphones, and others. The growth of IoT leads to improvement in Discrete Industries. In discrete industries, IoT-allowed smart connected devices offer a way to surge product functionality and create additional value for customers. Asset Tracking and Management Segment to grow with the highest CAGR during 2021-2031 Asset Tracking and Management is influential in managing physical assets and presentation of equipment on the manufacturing floor. The protection of physical assets is the backbone of manufacturing operations. A huge collection of asset needs to be tracked in manufacturing operation for which reliable and strong network is required to ensure the efficiency and effectiveness of the data, here 5G industries IoT market come into view. The technology will condense costs, expand efficiency, and offer real-time for performing asset tracking. Ultimately the market of 5G Industries IoT Market improves. 5G Industrial IoT Market: Market Dynamics Drivers Progress in Wireless Network Industries make a shift from legacy systems to connected technology, guiding towards smart factories. Leveraging IoT allows connected devices, sensors, edge computing, robotics, and automation will help these factories make more aware, decentralized decisions which improve overall equipment and efficiency in the process. 5G industries IoT is predictable to deliver last-mile wireless connectivity by providing the speed, consistency, capacity, and flexibility that manufacturers require for successful IoT implementation. Increased security 5G Industrial IoT Market will not just sustain a more reliable and flexible network but will also deliver improved security with built-in security structures. Combining security with the core network construction and laying to rest the security alarms manufacturers have in embraced IoT. 5G has the essential bandwidth to substitute physical network completely in certain remote areas. Restraints Lack of standardization in IoT Network One of the major restraints lies in the 5G Industrial IoT Market is the lack of standardization in IoT networks. A lot of devices use diverse hardware which runs over different stages and are manufactured by different manufactures. This mismatch among devices, sensors, and even interfaces of remote servers promotes the interoperability challenge in the IoT space. The challenge lies in merging these standards so that M2M communication develops user-friendly and elastic. Some organizations and associations are working toward resolving this issue. Impact of the COVID-19 on the 5G Industrial IoT Market The arrival of the COVID-19 pandemic has now become a universal matter and has also affected the development of the 5G Industrial IoT market. Global IT and telecom industries has shown a massive delay in the launch of industrial 5G and IoT services, solutions, and production of hardware equipment. Additionally owing to movement restrictions and imposed lockdown have obstructed the business operations of equipment producers resulting in a shortage of apparatuses. 5G Industrial IoT Market: Key Players TELUS (Canada) Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis T-Mobile USA INC (US) Vodafone Limited (UK) Telefónica S.A (Spain) Sierra Wireless (Canada) Verizon (US) Siemens (Germany) Microsoft (US) IBM Corporation (US) AT&T (US) Cisco Systems Inc. (US) Huawei Technologies Co. Ltd. (China) Nokia (Finland) Telefonaktiebolaget LM Ericsson (Sweden) Qualcomm Technologies Inc. (US) Other prominent players 5G Industrial IoT Market: Regions 5G Industrial IoT Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. North America dominates the largest share of the 5G Industrial IoT Market during the forecast period. Many of the chief market manufacturers are based on this region, and also the region has a great sum of startups and constructers working toward the growth of the 5G Industries IoT Market. Europe holds the second largest share in the 5G Industrial IoT Market. Furthermore, Asia Pacific region is estimated to rise in the forecast timeframe. 5G Industrial IoT Market is further segmented by region into: North America Market Size, Share Trends, Opportunities, Y-o-Y Growth, CAGR-United States and Canada Latin America Market Size, Share Trends, Opportunities, Y-o-Y Growth, CAGR-Mexico, Argentina, Brazil, and Rest of Latin America Europe Market Size, Share Trends, Opportunities, Y-o-Y Growth, CAGR- United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe Asia Pacific Market Size, Share Trends, Opportunities, Y-o-Y Growth, CAGR-India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC Middle East and Africa Market Size, Share Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA 5G Industrial IoT Market report also contains analysis on: 5G Industrial IoT Market Segments: By Components Hardware Solution Service By Application Asset Tracking and Management Predictive Maintenance By End-user Process Industries ad Discrete Industries 5G Industrial IoT Market Dynamics 5G Industrial IoT Market Size Supply & Demand Current Trends/Issues/Challenges Competition & Companies Involved in the Market Value chain of the Market Market Drivers and Restraints 5G Industrial IoT Market Report Scope and Segmentation Report Attribute Details Market size value in 2021 USD 877.4 million Revenue forecast in 2031 USD 153804.8 million Growth Rate CAGR of 67.64% from 2021 to 2031 Base year for estimation 2021 Quantitative units Revenue in USD million and CAGR from 2021 to 2031 Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends Segments covered Components, Application, End-user, and Region Region scope North America; Europe; Asia Pacific; Latin America; Middle East & Africa (MEA) Key companies profiled TELUS (Canada), T-Mobile USA INC (US), Vodafone Limited (UK), Telefónica S.A (Spain), Sierra Wireless (Canada), Verizon (US), Siemens (Germany), Microsoft (US), IBM Corporation (US), AT&T (US), Cisco Systems Inc. (US), Huawei Technologies Co. Ltd. (China), Nokia (Finland), Telefonaktiebolaget LM Ericsson (Sweden), Qualcomm Technologies Inc. (US) Frequently Asked Questions on the 5G Industrial IoT Market How widely can a 5G Industrial IoT Market expand? Who are the key players in the 5G Industrial IoT Market? Which segment is anticipated to hold the largest 5G Industrial IoT Market share? What could be the factors driving the growth of the 5G Industrial IoT Market? What could be the exigent factors in the growth of 5G Industrial IoT Market? Table of ContentsContents1. Executive Summary 2. 5G Industrial IoT Market 2.1. Product Overview 2.2. Market Definition 2.3. Segmentation 2.4. Assumptions and Acronyms 3. Research Methodology 3.1. Research Objectives 3.2. Primary Research 3.3. Secondary Research 3.4. Forecast Model 3.5. Market Size Estimation 4. Average Pricing Analysis 5. Macro-Economic Indicators 6. Market Dynamics 6.1. Growth Drivers 6.2. Restraints 6.3. Opportunity 6.4. Trends 7. Correlation & Regression Analysis 7.1. Correlation Matrix 7.2. Regression Matrix 8. Recent Development, Policies & Regulatory Landscape 9. Risk Analysis 9.1. Demand Risk Analysis 9.2. Supply Risk Analysis 10. 5G Industrial IoT Market Analysis 10.1. Porters Five Forces 10.1.1. Threat of New Entrants 10.1.2. Bargaining Power of Suppliers 10.1.3. Threat of Substitutes 10.1.4. Rivalry 10.2. PEST Analysis 10.2.1. Political 10.2.2. Economic 10.2.3. Social 10.2.4. Technological 11. 5G Industrial IoT Market 11.1. Market Size & forecast, 2020A-2030F 11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12. 5G Industrial IoT Market: Market Segmentation 12.1. By Regions 12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.2. By Components: Market Share (2021-2031F) 12.2.1. Hardware, By Value (USD Million) 2021-2031F; Y-o-Y Growth (%) 2021-2030F 12.2.2. Solution, By Value (USD Million) 2021-2031F; Y-o-Y Growth (%) 2021-2030F 12.2.3. Services, By Value (USD Million) 2021-2031F; Y-o-Y Growth (%) 2021-2030F 12.3. By End-user: Market Share (2021-2031F) 12.3.1. Process Industries, By Value (USD Million) 2021-2031F; Y-o-Y Growth (%) 2021-2030F 12.3.2. Discrete Industries, By Value (USD Million) 2021-2031F; Y-o-Y Growth (%) 2021-2030F 12.4. Application: Market Share (2021-2031F) 12.4.1. Asset Tracking and Management, By Value (USD Million) 2021-2031F; Y-o-Y Growth (%) 2021-2030F 12.4.2. Predictive Maintenance, By Value (USD Million) 2021-2031F; Y-o-Y Growth (%) 2021-2030F 12.4.3. Business Process Optimization, By Value (USD Million) 2021-2031F; Y-o-Y Growth (%) 2021-2030F 13 Company Profile 13.1. TELUS (Canada) 13.1.1. Company Overview 13.1.2. Company Total Revenue (Financials) 13.1.3. Market Potential 13.1.4. Global Presence 13.1.5. Key Performance Indicators 13.1.6. SWOT Analysis 13.1.7. Product Launch 13.2. T-Mobile USA INC (US) 13.3. Vodafone Limited (UK) 13.4. Telefónica S.A (Spain) 13.5. Sierra Wireless (Canada) 13.6. Verizon (US), Siemens (Germany) 13.7. Microsoft (US) 13.8. IBM Corporation (US) 13.9. AT&T (US) 13.10. Cisco Systems Inc. (US) 13.11. Huawei Technologies Co. Ltd. (China) 13.12. Nokia (Finland) 13.13. Telefonaktiebolaget LM Ericsson (Sweden) 13.14. Qualcomm Technologies Inc. (US) 13.15. Other Prominent Players 14 Consultant Recommendation **The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
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