Global 5G Industrial IoT Market Size study & Forecast, by Component (Hardware, Solution, and Service [Professional and Managed]), by Organization Size (Large Enterprise and Small & Medium Enterprise), by Application (Predictive Maintenance, Business Proce

The Global 5G Industrial IoT Market is valued at approximately USD 476 billion in 2024 and is anticipated to expand at a CAGR of more than 4.49% during the forecast period 2025–2035. The evolution of 5G-enabled IoT is revolutionizing industries by enabling ultra-reliable, low-latency connectivity that supports a broad spectrum of applications, from real-time asset monitoring to predictive maintenance. This ecosystem is not just a technological upgrade but a strategic enabler for digital transformation, allowing enterprises to accelerate automation, streamline operations, and harness data-driven insights at unprecedented scale. Increasing adoption of Industry 4.0 frameworks, rising demand for intelligent automation, and the push toward hyper-connected supply chains are some of the key factors steering market growth globally.

The accelerated adoption of connected ecosystems has created an exponential surge in demand for 5G-enabled IoT solutions. The combination of high bandwidth, minimal latency, and massive machine-type communication has opened new frontiers for industrial operations that require precise, uninterrupted connectivity. For instance, predictive maintenance systems powered by real-time IoT analytics help reduce downtime and extend equipment life cycles, making them indispensable for manufacturers and logistics operators. According to GSMA, global 5G connections surpassed 1 billion in 2022 and are forecasted to triple by 2030, reflecting a massive potential for industrial IoT applications. Despite these tailwinds, challenges such as high initial deployment costs and growing cybersecurity concerns remain barriers to widespread adoption. However, the advancement of edge computing and AI-powered IoT platforms continues to create lucrative opportunities throughout the forecast horizon.

The detailed segments and sub-segments included in the report are:

By Component:
• Hardware
• Solution
• Service

o Professional

o Managed

By Organization Size:
• Large Enterprise
• Small & Medium Enterprise

By Application:
• Predictive Maintenance
• Business Process Optimization
• Asset Tracking & Management
• Logistics & Supply Chain Management
• Real-time Workforce Tracking & Management
• Automation Control & Management
• Emergency

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• ROE

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• RoAPAC

Latin America
• Brazil
• Mexico

Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Among the applications, predictive maintenance is expected to dominate the market during the forecast period. Industries are increasingly leveraging IoT-enabled predictive maintenance tools to anticipate machinery failures before they occur, reducing costly downtimes and optimizing performance. The growing need to ensure asset reliability in manufacturing, energy, and logistics sectors is fueling the adoption of predictive maintenance systems, which consistently account for a large portion of deployments. Furthermore, as enterprises race to digitize operations and adopt AI-driven analytics, predictive maintenance stands out as the cornerstone of industrial IoT adoption strategies, securing its position as the market leader in the years to come.

In terms of revenue contribution, asset tracking and management currently represent the largest share of the market. With industries across logistics, retail, and manufacturing prioritizing real-time visibility of goods and equipment, asset tracking solutions are seeing robust adoption. These systems leverage 5G-enabled IoT devices to provide granular, real-time updates that optimize fleet utilization, inventory levels, and warehouse operations. While asset tracking holds a strong lead, emerging technologies in automation control and supply chain management are quickly accelerating, suggesting that future growth will be evenly spread across multiple applications as enterprises integrate IoT more holistically across operations.

The key regions considered for the Global 5G Industrial IoT Market study include Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. North America dominated the market in 2025, owing to its advanced digital infrastructure, strong presence of IoT solution providers, and large-scale adoption of Industry 4.0 technologies. The U.S., in particular, continues to lead investments in smart factories and edge IoT deployments. Meanwhile, Asia Pacific is projected to witness the fastest growth, underpinned by rapid industrialization, 5G rollouts in China, India, and South Korea, and the region’s manufacturing strength. Europe also presents strong growth prospects as governments prioritize digital transformation under Industry 5.0 strategies, emphasizing sustainable, connected ecosystems across industries.

Major market players included in this report are:
• Qualcomm Technologies Inc.
• Ericsson AB
• Nokia Corporation
• Huawei Technologies Co., Ltd.
• Samsung Electronics Co., Ltd.
• Cisco Systems, Inc.
• Intel Corporation
• IBM Corporation
• Microsoft Corporation
• Siemens AG
• General Electric Company
• Honeywell International Inc.
• ABB Ltd.
• Rockwell Automation, Inc.
• Schneider Electric SE

Global 5G Industrial IoT Market Report Scope:
• Historical Data – 2023, 2024
• Base Year for Estimation – 2024
• Forecast period - 2025-2035
• Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional-level analysis for each market segment.
• Detailed analysis of the geographical landscape with country-level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of the competitive structure of the market.
• Demand side and supply side analysis of the market.

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