The 5G technology would certainly transform the connected IoT devices; the connected devices would take a great hike in the coming years globally, especially for industrial connections, which are a critical component of smart cities. However, according to the telecommunications experts, 4G networks are not capable of managing connected cities; hence, the announcement of 5G networks is at full-throttle to support the massive amount of data that smart cities and others would generate.
The Europe 5G in IoT market by radio technology was led by 5G NR Non-standalone architecture segment. 5G NR standalone architecture segment held the second largest market in 2019 and is anticipated to increase its shares during the forecast period from 2019 – 2027.
The Europe 5G in IoT market by end-user industry was led by manufacturing segment. The manufacturing industry is expected to have positive impacts by the deployment of 5G networks in Europe. The manufacturing industry has remained a consistent adopter of new technologies. The spending of IoT amongst manufacturers would be hugely focused on solutions that support manufacturing operations.
Top Industry Players :
- BT Group
- Huawei Technologies
- Singapore Telecommunications Limited (Singtel)
- Telefonaktiebolaget LM Ericsson
- Telefónica S.A.
- Telstra Corporation Limited
- Vodafone Group PLC