How 5G will take today’s IoT to a whole new level
The "Global 5G IoT Market Analysis to 2027" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of 5G IoT market with detailed market segmentation by range, end user and geography. The global 5G IoT market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading 5G IoT market players and offers key trends and opportunities in the market.
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The advent of 5G and the increasing number of connected devices have opened up new horizons for the internet of things. As the industrial revolution, industry 4.0 is gaining traction, a large number of sectors are ready to exploit the potential of 5G. The key players of 5G IoT are increasingly invested towards providing the right services to expand their business reach.
The 5G IoT market is anticipated to grow rapidly in the forecast period owing to driving factors such as rising data traffic coupled with an increasing number of connected IoT devices. Moreover, increasing demand for low latency connectivity is likely to propel market growth. However, government regulations and issues concerning global spectrum are significant challenges for the growth of the 5G IoT market during the forecast period. On the other hand, the growing number of cloud services is expected to offer lucrative opportunities for the players operating in the 5G IoT market.
Top Industry Players of 5G IoT:AT and T, BT Group, Huawei Technologies, Nokia, Sprint Telefonaktiebolaget LM Ericsson, Telefónica, S.A., Telstra, Verizon, Vodafone Group