The global 5G industrial IoT market is expected to gain USD 18.9 billion by 2030, with a whopping CAGR of 28%

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PUNE, India, September 13, 2022 /PRNewswire/ — According to recent market research published by Growth Market Reports, titled “Global 5G Industrial IoT Market” by components (services, solutions and hardware), applications (emergency and incident management, and business communication, automation control and management, real-time workforce tracking and management, logistics and management supply chain management, asset tracking and management, business process optimization, and predictive maintenance), organization size (large enterprises and SMEs), end users (discrete industries and process industries) and regions: analysis of size, share, trends and opportunities, 2021-2030the market was valued at $0.8 billion in 2021 and is expected to grow at a healthy growth rate of 28% by the end of 2030. The growth of the global 5G industrial IoT market is attributed to the growing demand for high reliability and low latency networks in the manufacturing industries.

Key Market Players Profiled in the Report

  • Microsoft
  • Siemens
  • Verizon
  • intel company
  • intel company
  • Microsoft Corporation
  • Huawei Technologies Co., Ltd.
  • Siemens AG
  • Honeywell International Inc.
  • Qualcomm Technologies, Inc.
  • Verizon
  • Cisco Systems
  • Ericsson
  • nokia
  • Huawei

The report covers comprehensive data on emerging trends, market drivers, growth opportunities and restraints that may change the market dynamics of the industry. It provides an in-depth analysis of market segments which includes products, applications, and competitor analysis.

Download the sample PDF here: https://growthmarketreports.com/request-sample/4628

This report also includes a comprehensive analysis of industry players and covers their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides crucial strategies that help them grow their market share.

Highlights of 5G Industrial IoT Market Segments

At the component level, The global 5G industrial IoT market is segmented into services, solutions, and hardware. The hardware segment is expected to grow at a sustainable CAGR during the forecast period. The 5G IoT module is an essential element in the hardware segment. 5G IoT modules make working environments smooth, useful and secure. Component and module manufacturers are investing money in R&D while considering chipsets for specific use in manufacturing processes.

Depending on the applications, the global 5G industrial IoT market is segmented into emergency and incident management, and business communication, automation control and management, real-time workforce tracking and management, logistics and management supply chain management, asset tracking and management, business process optimization and predictive maintenance. The real-time workforce tracking and management segment is expected to grow at a significant rate during the forecast period. Real-time workforce tracking and management for manufacturing companies enables real-time deployment, identification and validation of employees, management and communication.

Based on regions, The market is segmented into five major regions, namely, North America, Europe, Asia Pacific, Latin Americaand the Middle East & Africa. The market in Asia Pacific is expected to grow at a significant CAGR over the forecast period, owing to technological advancements in the region. Asia Pacific is expected to dominate in edge computing, 5G core technologies, 5G and blockchain due to its culture, size and strategic initiative taken by countries including Singapore, Japan, South Korea, Australiaand China.

To purchase the full report: https://growthmarketreports.com/report/5g-industrial-iot-market-global-industry-analysis

Main lessons of the study:

  • The large enterprise segment is expected to grow at a significant rate. Large enterprises require 5G industrial IoT solutions and services to manage various assets deployed across numerous sites. The adoption of 5G industrial IoT solutions and services is higher in large enterprises than in small and medium enterprises.
  • The discrete industries segment is expected to grow at a sustainable CAGR during the forecast period. Discrete industries are involved in the manufacturing and production of made-to-order products, including toys, furniture, cell phones, smartphones, and airplanes.
  • Low latency in manufacturing industries and high reliability are expected to drive the market growth. In addition, 5G networks have 50 times less latency than 4G networks.
  • Manufacturing companies have been forced to use remote working solutions to maintain business continuity, due to the COVID-19 pandemic. The 5G network is necessary for teleworkers to enjoy better connectivity and better performance.

Read the 180-page Research Report with Detailed TOC on “Global 5G Industrial IoT Market” by Components (Services, Solutions, and Hardware), Applications (Emergency and Incident Management, and Business Communication , automation control and management, real-time labor tracking and management, logistics and supply chain management, asset tracking and management, business process optimization and predictive maintenance), size of organization (large companies and SMEs), end users (discrete industries and process industries) and regions (North America, Latin America, Europe, Asia Pacificand Middle East & Africa) – Global Industry Analysis, Growth, Share, Size, Trends and Forecasts 2021-2030

For any inquiry on this report: https://growthmarketreports.com/enquiry-before-buying/4628

Key Segments Covered

Components

  • Services
  • Solutions
  • Material

Apps

  • Emergency and Incident Management, and Business Communication
  • Automation control and management
  • Real-time workforce tracking and management
  • Logistics and supply chain management
  • Asset tracking and management
  • Optimization of business processes
  • Predictive maintenance

Organization size

end users

  • Discreet industries
  • Processing industries

By regions

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (SOUL)

Other related reports:

  • Global IoT Security Market By component (solution, service), by deployment mode (on-premises, cloud), by organization size (large enterprise, SMB), by security type (network security, endpoint security, application security, cloud security, others), per User end (manufacturing, e-retail, government & defense, transportation & logistics, energy & utilities, healthcare, other)
  • Global 5G equipment market By Type (SDN, NFV, MEC, FC), by Application (Automotive, Consumer Electronics, Commercial, Industrial), and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast to 2028
  • Global IoT Network Module Market by Type (Lora, NB-IoT, LTE-M, Wi-Fi, Others), by Application (Commercial IoT Devices, Industrial IoT Devices), and by Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast from 2022 to 2030
  • Global 5G market By type (IaaS, SaaS, PaaS, others), by application (5G private networks, cybersecurity) and by region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast from 2022 to 2030

About Growth Market Reports:

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Our major segments of analysis, though not limited to the same, include market entry strategies, market size estimates, market trend analysis, market opportunity analysis, market threat analysis, market rise/fall forecast, primary interviews and secondary research and consumer surveys.

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