The intersection of 5G and Internet of Things (IoT) is shaping the future of connectivity and technology. Understanding the latest statistics and trends in the 5G IoT industry is crucial for businesses and individuals looking to leverage this cutting-edge technology. In this blog post, we will delve into key statistics that shed light on the growth, impact, and opportunities within the 5G IoT ecosystem.
The Latest 5G Iot Industry Statistics Explained
The global 5G in IoT market was valued at USD 687.6 million in 2019.
The statistic stating that the global 5G in IoT market was valued at USD 687.6 million in 2019 represents the total monetary worth of goods and services related to the integration of 5G technology in the Internet of Things sector during that year. This figure indicates the extent of investment, revenue, and overall economic activity within the market segment where 5G technology is being utilized in IoT applications. It showcases the financial significance and potential growth opportunities in deploying 5G networks to enable more advanced and connected devices for various industries such as healthcare, transportation, smart cities, and more.
North America contributed to the largest 5G IoT market share in 2019.
The statistic indicates that North America had the highest market share in the 5G Internet of Things (IoT) market in 2019 compared to other regions. This implies that a significant portion of the global 5G IoT market activities and investments were concentrated in North America during that year. Factors such as early deployment of 5G technology, strong infrastructure, and high adoption rates of IoT devices in various industries could have contributed to North America’s dominant position in the market for 5G-enabled IoT services and products. This statistic highlights the region’s leadership in driving innovation and growth opportunities in the rapidly expanding 5G IoT sector.
The Manufacturing segment in the 5G in IoT market is projected to grow at the highest CAGR during the forecast period.
This statistic indicates that the Manufacturing segment within the 5G in Internet of Things (IoT) market is expected to experience the highest Compound Annual Growth Rate (CAGR) compared to other segments over the forecast period. This suggests that the manufacturing industry’s adoption and integration of 5G technology within IoT applications is likely to accelerate at a rapid pace. Factors driving this growth may include the increasing demand for connected devices, automation, real-time data analytics, and overall operational efficiency within manufacturing processes. As a result, companies operating in the manufacturing sector are expected to heavily invest in 5G-enabled IoT solutions, leading to significant expansion and advancements within this segment of the market.
The 5G IoT industry in Asia-Pacific is expected to grow at the fastest CAGR of 54.6% from 2021 to 2027.
This statistic suggests that the 5G Internet of Things (IoT) industry in the Asia-Pacific region is anticipated to experience substantial growth over the period from 2021 to 2027, with a Compound Annual Growth Rate (CAGR) of 54.6%. This indicates a rapid acceleration in the adoption and implementation of 5G technology within the IoT sector across various industries in the Asia-Pacific region. Such growth is likely driven by increasing demand for high-speed connectivity, advancements in IoT devices and applications, and supportive government initiatives. The significant CAGR implies that the 5G IoT industry in Asia-Pacific is expected to evolve dynamically and create new opportunities for businesses and technology development in the region during this timeframe.
5G is estimated to make up 20% of total IoT connections by 2025.
The statistic indicates that by the year 2025, it is projected that 5G technology will account for 20% of all internet of things (IoT) connections worldwide. This suggests a significant adoption of 5G technology within the IoT space, highlighting the potential for increased connectivity and faster data transmission speeds in various IoT applications. The forecasted growth of 5G in IoT connections signifies a shift towards more advanced and efficient communication networks, enabling a wide range of IoT devices and applications to operate with improved capabilities and performance.
The global 5G IoT market is expected to post a CAGR of over 54% during the period 2021-2026.
This statistic indicates that the global market for 5G Internet of Things (IoT) technology is projected to experience a Compound Annual Growth Rate (CAGR) of over 54% between 2021 and 2026. This signifies a substantial anticipated growth rate in the adoption and implementation of 5G technology within the IoT sector over the specified time frame. The CAGR metric suggests a steady annual growth rate that will potentially result in significant market expansion, driven by factors such as increased connectivity demands, technological advancements, and the proliferation of IoT devices across various industries. The projection of a CAGR over 54% reflects strong market potential and indicates a promising outlook for the 5G IoT market in the coming years.
The market for 5G IoT in the automotive industry is expected to grow at a CAGR of over 33% from 2021 to 2027.
This statistic indicates that the market for 5G Internet of Things (IoT) technology within the automotive industry is projected to experience a Compound Annual Growth Rate (CAGR) exceeding 33% between the years 2021 and 2027. This prediction suggests a rapid expansion in the adoption and integration of 5G IoT solutions within the automotive sector over the specified time frame. The strong CAGR implies a significant and sustained increase in market size and demand for 5G-enabled IoT applications in vehicles, potentially driven by advancements in autonomous driving technologies, increased connectivity requirements, and the rise of smart, connected vehicles. This growth forecast highlights the substantial opportunities and potential economic impact that the convergence of 5G and IoT technologies can have on the automotive industry in the coming years.
Only about a quarter of IoT devices will be connected to 5G by 2030.
The statistic that only about a quarter of IoT devices will be connected to 5G by 2030 suggests that despite the widespread adoption and growth of Internet of Things (IoT) devices in various industries, the transition to utilizing 5G technology for connectivity will be relatively slow over the next decade. This may be due to factors such as the cost of implementing 5G infrastructure, compatibility issues with existing IoT devices, and the gradual rollout of 5G networks globally. While 5G technology offers significant advantages in terms of speed, bandwidth, and low latency which are crucial for IoT applications, the statistic implies that a majority of IoT devices will still rely on older connectivity technologies by 2030.
IoT devices capable of utilizing 5G low-frequency spectrum are predicted to reach 200 million units by 2023.
The statistic predicts that by the year 2023, the number of IoT devices equipped with the ability to connect and utilize the 5G low-frequency spectrum will reach 200 million units. This indicates a significant advancement in the adoption of 5G technology within the IoT industry. The low-frequency spectrum is an important feature as it enables better coverage and penetration, making it suitable for a wide range of IoT applications. The projected growth in the number of IoT devices capable of utilizing this spectrum highlights the increasing demand for high-speed, low-latency connectivity to support the expanding IoT ecosystem and drive innovation in various industries.
5G technology is expected to enable $12.3 trillion of global economic output by 2035.
The statistic “5G technology is expected to enable $12.3 trillion of global economic output by 2035” suggests that the adoption and implementation of 5G technology is projected to have a significant positive impact on the global economy by 2035. This substantial economic output indicates that the widespread deployment of 5G networks is anticipated to bring about a variety of benefits for industries, businesses, and consumers worldwide. The increased speed, capacity, and connectivity of 5G technology are expected to drive innovation, productivity, and efficiency across various sectors, leading to economic growth and expansion. Overall, this statistic underscores the transformative potential of 5G technology in driving economic development and prosperity on a global scale over the next decade and a half.
The 5G IoT market for surveillance cameras is expected to grow at a CAGR of over 28% by 2027.
This statistic indicates that the market for surveillance cameras in the context of 5G Internet of Things (IoT) technology is projected to experience rapid growth over the next several years. Specifically, the Compound Annual Growth Rate (CAGR) of over 28% suggests a strong and steady expansion in market size by 2027. This growth is likely driven by factors such as increasing adoption of 5G technology, advancements in surveillance camera capabilities, rising concerns around security and safety, and the integration of IoT systems in various industries. Companies operating in this market may benefit from the expanding opportunities presented by the combination of 5G and IoT technologies, particularly in the realm of surveillance and security applications.
The Broadband IoT segment is expected to hold the largest share of the 5G IoT market in the next 5 years.
This statistic indicates that within the realm of the Internet of Things (IoT), specifically in the context of 5G technology, the Broadband IoT segment is projected to dominate and have the highest market share over the next five years. Broadband IoT refers to devices and systems that require high-speed and consistent internet connectivity to function optimally. This prediction suggests that applications and devices within the Broadband IoT category, such as connected vehicles, industrial automation, and smart cities, will experience significant growth and adoption as 5G networks become more prevalent. This projection underscores the importance and potential impact of high-speed connectivity in driving the growth and advancement of IoT technologies in various industries.
The Healthcare industry is expected to account for 31% of 5G IoT use cases by 2030.
The statistic suggests that the healthcare industry is projected to be a significant user of 5G Internet of Things (IoT) technology by the year 2030, representing 31% of all 5G IoT applications. This indicates that there is a growing trend towards integrating 5G connectivity into various healthcare devices and services, such as remote patient monitoring, telemedicine, and digital health platforms. The adoption of 5G IoT in healthcare is likely driven by the need for faster and more reliable data transfer, as well as the potential for real-time communication and decision-making in medical settings. As technology continues to advance, the healthcare industry is poised to leverage these capabilities to improve patient care, enhance operational efficiency, and drive innovation in healthcare delivery.
The shipping industry could reduce costs by up to 20% using 5G-powered IoT.
The statistic suggests that the shipping industry has the potential to achieve cost savings of up to 20% by implementing 5G-powered Internet of Things (IoT) technologies. By leveraging 5G connectivity and IoT devices, shipping companies can enhance operational efficiency, streamline processes, and optimize resource utilization. This technology enables real-time monitoring of cargo, vessels, and supply chain logistics, leading to improved decision-making, predictive maintenance, and overall cost reduction. The integration of 5G and IoT in the shipping industry can facilitate better data analytics, automation, and communication, ultimately driving significant cost savings while improving operational performance and customer satisfaction.
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