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.
AT and T Inc., BT Group plc , Huawei Technologies Co., Ltd. , Nokia Corporation, Sprint Corporation, Telefonaktiebolaget LM Ericsson, Telefónica, S.A., Telstra Corporation Limited, Verizon, Vodafone Group