Global 5G IoT Market 2026-2035
Description
5G IoT Market Size, Share & Trends Analysis Report by Component (Hardware, Software, and Services) by Network Type (5G NR Standalone (SA), and 5G NR Non-Standalone (NSA)) by Enterprise (Large Enterprises, and Small & Medium-sized Enterprises (SMEs)), By Technology (Ultra-Reliable Low-Latency Communications (URLLC), and Low-Power Wide-Area Network (LPWAN)) and by End-User Industry (Manufacturing, Automotive & Connected Vehicles, Healthcare, Transportation & Logistics, Agriculture, Energy & Utilities, Government & Public Safety, and Others) Forecast Period (2026-2035)
Industry Overview
5G IoT market was valued at $7.2 billion in 2025 and is projected to reach $214.4 billion by 2035, growing at a CAGR of 40.3% during the forecast period (2026–2035). The integration of 5G and IoT within facilities is driving the development of smart manufacturing and Industry 4.0, empowering automation, digital twins, predictive maintenance, and real-time monitoring. For instance, in September 2025, Nokia launched a 55,000 square-metre 5G/6G design, manufacturing, and testing campus in Finland. The campus incorporates Industry 4.0 technology and a group of partners. The 55,000 square-metre campus develops, tests, and produces 5G/6G networks for the AI-future. The campus has virtually zero CO? emissions, recycles waste, and warms houses. The campus with a 55,000 square-metre space accommodates 3,000 employees and concentrates on radio patents, standardization, system-on-chips, and other hardware and software elements.
Market Dynamics
Growing Demand for High-Speed Connectivity Fueling 5G Advanced Adoption
The market expansion is largely driven by the growing demand for high-speed connectivity, especially for real-time communications and data transfer among an expanding range of connected devices. To meet this requirement, industry players are constantly developing and bringing to market enhanced solutions that increase network performance, efficiency, and dependability. For instance, in October 2024, Ericsson launched seven new 5G Advanced software offerings to improve programmable network performance. The products will drive revenue, optimize user experience, and boost operational efficiency. The software is founded on open network architectures, automation, and AI, and intent-driven networks. The feature allows communications service providers (CSPs) to manage networks to achieve business and sustainability objectives. The suite consists of AI-based RAN, intent-based networks, and Service-aware RAN, which provide real-time tuning and observability to fulfill service requirements. It's seven 5G Advanced products, such as AI-based automation, outdoor positioning, mission-critical services, energy efficiency, and device battery life, allowing CSPs to maximize network automation and device performance.
Market Segmentation
Standalone (NSA) 5G architecture makes use of the current 4G LTE infrastructure by integrating 5G New Radio (NR) with the older Evolved Packet Core (EPC). This makes it easy to deploy 5G services rapidly, as it keeps LTE elements for control signaling and session management. The operators, therefore, can increase data rates and capacity with little investment in new infrastructure.
Non-standalone 5G: the facts
The global 5G IoT market is further divided by region, including North America (the US and Canada), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Rapid 5G Deployment In Asia-Pacific
Massive 5G rollout throughout states and districts has boosted coverage and reliability, fueling market expansion through a solid digital infrastructure. According to the Government of India Org., in February 2025, 5G services have been introduced in all union territories and states, covering 99.6% districts across the country, with $5,440.4 5G Base Transceiver Stations (BTSs) deployed, making it one of the fastest 5G rollouts. An estimated $2.9 million of mobile subscribers now enjoy 5G services, reflecting a consistent rate of adoption. Minimum rollout commitments for frequency bands undertaken over a period of five years after spectrum allocation have been instituted by the government. The Telecom Service Providers (TSPs) have exceeded the commitments, and additional network rollouts will be contingent upon their commercial and technical choices.
North America Maintains Strong Market Position
North America holds a significant share of the global 5G IoT market. This is largely due to the rapid deployment of advanced network infrastructure and increasing investments by telecom operators to meet the rising demand for high-speed connectivity. The market growth is primarily driven by the growing need for real-time communication, seamless data transfer, and device interconnectivity across IoT applications. According to the 5G Americans Org., in April 2025, 5G technology, which has experienced significant global growth, with over 2.25 billion connections and an adoption rate four times faster than that of 4G during its early stages. This expansion reflects a commitment to enhancing mobile infrastructure through national strategies and operator investments, driven by increasing demand for high-capacity wireless services. The focus has shifted from speculative discussions to practical implementations, highlighting 5G's role as a crucial infrastructure for economic and digital progress. In North America, particularly, 5G adoption is leading the way, with the US and Canada reporting over 182 million connections by the end of 2024, marking a nearly 20% growth compared to the previous year. This positions the region at the forefront of 5G integration across both consumer and business sectors.
Market Players Outlook
The major companies operating in the global 5G IoT market include Ericsson AB, Huawei Technologies Co., Ltd., Nokia Corp., Qualcomm Technologies, Inc., Samsung Electronics Co., Ltd., among others. Market players are leveraging partnerships, collaborations, mergers, and acquisition strategies for business expansion and innovative product development to maintain their market positioning.
Recent Developments
Industry Overview
5G IoT market was valued at $7.2 billion in 2025 and is projected to reach $214.4 billion by 2035, growing at a CAGR of 40.3% during the forecast period (2026–2035). The integration of 5G and IoT within facilities is driving the development of smart manufacturing and Industry 4.0, empowering automation, digital twins, predictive maintenance, and real-time monitoring. For instance, in September 2025, Nokia launched a 55,000 square-metre 5G/6G design, manufacturing, and testing campus in Finland. The campus incorporates Industry 4.0 technology and a group of partners. The 55,000 square-metre campus develops, tests, and produces 5G/6G networks for the AI-future. The campus has virtually zero CO? emissions, recycles waste, and warms houses. The campus with a 55,000 square-metre space accommodates 3,000 employees and concentrates on radio patents, standardization, system-on-chips, and other hardware and software elements.
Market Dynamics
Growing Demand for High-Speed Connectivity Fueling 5G Advanced Adoption
The market expansion is largely driven by the growing demand for high-speed connectivity, especially for real-time communications and data transfer among an expanding range of connected devices. To meet this requirement, industry players are constantly developing and bringing to market enhanced solutions that increase network performance, efficiency, and dependability. For instance, in October 2024, Ericsson launched seven new 5G Advanced software offerings to improve programmable network performance. The products will drive revenue, optimize user experience, and boost operational efficiency. The software is founded on open network architectures, automation, and AI, and intent-driven networks. The feature allows communications service providers (CSPs) to manage networks to achieve business and sustainability objectives. The suite consists of AI-based RAN, intent-based networks, and Service-aware RAN, which provide real-time tuning and observability to fulfill service requirements. It's seven 5G Advanced products, such as AI-based automation, outdoor positioning, mission-critical services, energy efficiency, and device battery life, allowing CSPs to maximize network automation and device performance.
Market Segmentation
- Based on the component, the market is segmented into hardware, software, and services.
- Based on the network type, the market is segmented into 5G NR standalone (SA) and 5G NR non-standalone (NSA).
- Based on the enterprise, the market is segmented into large enterprises and small & medium-sized enterprises (SMEs).
- Based on technology, the market is segmented into ultra-reliable low-latency communications (URLLC) and low-power wide-area network (LPWAN).
- Based on the end-user industry, the market is segmented into manufacturing, automotive & connected vehicles, healthcare, transportation & logistics, agriculture, energy & utilities, government & public safety, and others.
Standalone (NSA) 5G architecture makes use of the current 4G LTE infrastructure by integrating 5G New Radio (NR) with the older Evolved Packet Core (EPC). This makes it easy to deploy 5G services rapidly, as it keeps LTE elements for control signaling and session management. The operators, therefore, can increase data rates and capacity with little investment in new infrastructure.
Non-standalone 5G: the facts
- Gain technology and market leadership.
- Introduce new 5G spectrums for capacity and efficiency.
- Maximize LTE base usage.
- Use LTE anchor for control plane communication and mobility management.
- Provide early adopters with 5G-enabled devices.
- Enable video streaming, AR/VR, and immersive media experience.
- Open new use cases such as Critical IoT.
The global 5G IoT market is further divided by region, including North America (the US and Canada), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Rapid 5G Deployment In Asia-Pacific
Massive 5G rollout throughout states and districts has boosted coverage and reliability, fueling market expansion through a solid digital infrastructure. According to the Government of India Org., in February 2025, 5G services have been introduced in all union territories and states, covering 99.6% districts across the country, with $5,440.4 5G Base Transceiver Stations (BTSs) deployed, making it one of the fastest 5G rollouts. An estimated $2.9 million of mobile subscribers now enjoy 5G services, reflecting a consistent rate of adoption. Minimum rollout commitments for frequency bands undertaken over a period of five years after spectrum allocation have been instituted by the government. The Telecom Service Providers (TSPs) have exceeded the commitments, and additional network rollouts will be contingent upon their commercial and technical choices.
North America Maintains Strong Market Position
North America holds a significant share of the global 5G IoT market. This is largely due to the rapid deployment of advanced network infrastructure and increasing investments by telecom operators to meet the rising demand for high-speed connectivity. The market growth is primarily driven by the growing need for real-time communication, seamless data transfer, and device interconnectivity across IoT applications. According to the 5G Americans Org., in April 2025, 5G technology, which has experienced significant global growth, with over 2.25 billion connections and an adoption rate four times faster than that of 4G during its early stages. This expansion reflects a commitment to enhancing mobile infrastructure through national strategies and operator investments, driven by increasing demand for high-capacity wireless services. The focus has shifted from speculative discussions to practical implementations, highlighting 5G's role as a crucial infrastructure for economic and digital progress. In North America, particularly, 5G adoption is leading the way, with the US and Canada reporting over 182 million connections by the end of 2024, marking a nearly 20% growth compared to the previous year. This positions the region at the forefront of 5G integration across both consumer and business sectors.
Market Players Outlook
The major companies operating in the global 5G IoT market include Ericsson AB, Huawei Technologies Co., Ltd., Nokia Corp., Qualcomm Technologies, Inc., Samsung Electronics Co., Ltd., among others. Market players are leveraging partnerships, collaborations, mergers, and acquisition strategies for business expansion and innovative product development to maintain their market positioning.
Recent Developments
- In September 2025, Ericsson and DEPA expanded their strategic partnership to drive 5G Industrial Innovation in Thailand. Ericsson will supply advanced, secure, and reliable 5G solutions to serve Thailand's 4.0 vision. The 5GIX Studio, situated in Thailand Digital Valley, enables trials of next-generation wireless technologies and applications such as robotics, automated machines, and smart security camera solutions.
- In July 2025, LG Uplus collaborated with South Korea's Radio Research Agency (RAPA), Qualcomm Technologies, Ericsson, and Newgenes to verify RedCap 5G technology for enterprise IoT applications for SMEs in the industrial environment. The initiative is to boost the nation's 5G IoT ecosystem and enhance the competitiveness of SMEs. The Incheon Songdo IoT Technology Support Center will offer verification infrastructure at commercial network scale, enabling local SMEs to have shorter development cycles and accelerate product testing. The demonstration will enable the comparison of RedCap 5G dongle performance with existing Wi-Fi and LTE systems.
- In July 2024, Nokia and Bharti Airtel successfully conducted the first 5G NSA Cloud RAN trial in India, a major milestone in Airtel's network transformation. The test, conducted in an over-the-air setting, utilized Nokia's RAN Software for virtualized Distributed Unit (vDU) and virtualized Centralized Unit (vCU) on x86 Hardware with a CaaS layer. The test additionally used Nokia's L1 acceleration, which allows for improved power efficiency and facilitates Nokia's anyRAN advantages of sharing RAN software using the purpose-built portion of the network.
Table of Contents
277 Pages
- 1. Report Summary
- Current Industry Analysis and Growth Potential Outlook
- Global 5G IoT Market Sales Analysis – Component |Network Type | Enterprise Size | Technology | End-User Industry ($ Million)
- 5G IoT Market Sales Performance of Top Countries
- 1.1. Research Methodology
- Primary Research Approach
- Secondary Research Approach
- 1.2. Market Snapshot
- 2. Market Overview and Insights
- 2.1. Scope of the Study
- 2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key 5G IoT Market Trends
- 2.2.2. Market Recommendations
- 3. Market Determinants
- 3.1. Market Drivers
- 3.1.1. Drivers For Global 5G IoT Market: Impact Analysis
- 3.2. Market Pain Points and Challenges
- 3.2.1. Restraints For Global 5G IoT Market: Impact Analysis
- 3.3. Market Opportunities
- 3.3.1. Opportunities For Global 5G IoT Market: Impact Analysis
- 4. Competitive Landscape
- 4.1. Competitive Dashboard – 5G IoT Market Revenue and Share by Manufacturers
- 5G IoT Solution Comparison Analysis
- Top Market Player Ranking Matrix
- 4.2. Key Company Analysis
- 4.2.1. Ericsson AB
- 4.2.1.1. Overview
- 4.2.1.2. Product Portfolio
- 4.2.1.3. Financial Analysis
- 4.2.1.4. SWOT Analysis
- 4.2.1.5. Business Strategy
- 4.2.2. Huawei Technologies Co., Ltd.
- 4.2.2.1. Overview
- 4.2.2.2. Product Portfolio
- 4.2.2.3. Financial Analysis
- 4.2.2.4. SWOT Analysis
- 4.2.2.5. Business Strategy
- 4.2.3. Nokia Corp.
- 4.2.3.1. Overview
- 4.2.3.2. Product Portfolio
- 4.2.3.3. Financial Analysis
- 4.2.3.4. SWOT Analysis
- 4.2.3.5. Business Strategy
- 4.2.4. Qualcomm Technologies, Inc.
- 4.2.4.1. Overview
- 4.2.4.2. Product Portfolio
- 4.2.4.3. Financial Analysis
- 4.2.4.4. SWOT Analysis
- 4.2.4.5. Business Strategy
- 4.2.5. Samsung Electronics Co., Ltd.
- 4.2.5.1. Overview
- 4.2.5.2. Product Portfolio
- 4.2.5.3. Financial Analysis
- 4.2.5.4. SWOT Analysis
- 4.2.5.5. Business Strategy
- 4.3. Top Winning Strategies by Market Players
- 4.3.1. Merger and Acquisition
- 4.3.2. Product Launch
- 4.3.3. Partnership And Collaboration
- 5. Global 5G IoT Market Sales Analysis By Component ($ Million)
- 5.1. Hardware
- 5.2. Software
- 5.3. Services
- 6. Global 5G IoT Market Sales Analysis By Network Type ($ Million)
- 6.1. 5G NR Standalone (SA)
- 6.2. 5G NR Non-Standalone (NSA)
- 7. Global 5G IoT Market Sales Analysis By Enterprise Size ($ Million)
- 7.1. Large Enterprises
- 7.2. Small & Medium-sized Enterprises (SMEs)
- 8. Global 5G IoT Market Sales Analysis By Technology ($ Million)
- 8.1. Ultra-Reliable Low-Latency Communications (URLLC)
- 8.2. Low-Power Wide-Area Network (LPWAN)
- 9. Global 5G IoT Market Sales Analysis By End-User Industry ($ Million)
- 9.1. Manufacturing
- 9.2. Automotive & Connected Vehicles
- 9.3. Healthcare
- 9.4. Transportation & Logistics
- 9.5. Agriculture
- 9.6. Energy & Utilities
- 9.7. Government & Public Safety
- 9.8. Others (Retail & E-commerce, Consumer Electronics & Wearables, Banking & Financial Services (BFSI))
- 10. Regional Analysis
- 10.1. North American 5G IoT Market Sales Analysis – Component | Network Type | Enterprise Size | Technology | End-User Industry ($ Million)
- Macroeconomic Factors for North America
- 10.1.1. United States
- 10.1.2. Canada
- 10.2. European 5G IoT Market Sales Analysis – Component | Network Type | Enterprise Size | Technology | End-User Industry ($ Million)
- Macroeconomic Factors for Europe
- 10.2.1. UK
- 10.2.2. Germany
- 10.2.3. Italy
- 10.2.4. Spain
- 10.2.5. France
- 10.2.6. Russia
- 10.2.7. Rest of Europe
- 10.3. Asia-Pacific 5G IoT Market Sales Analysis – Component | Network Type | Enterprise Size | Technology | End-User Industry ($ Million)
- Macroeconomic Factors for Asia-Pacific
- 10.3.1. China
- 10.3.2. Japan
- 10.3.3. South Korea
- 10.3.4. India
- 10.3.5. Australia & New Zealand
- 10.3.6. ASEAN Countries (Thailand, Indonesia, Vietnam, Singapore, And Other)
- 10.3.7. Rest of Asia-Pacific
- 10.4. Rest of the World 5G IoT Market Sales Analysis – Component | Network Type | Enterprise Size | Technology | End-User Industry ($ Million)
- Macroeconomic Factors for the Rest of the World
- 10.4.1. Latin America
- 10.4.2. Middle East and Africa
- 11. Company Profiles
- 11.1. Amazon Web Services, Inc.
- 11.1.1. Quick Facts
- 11.1.2. Company Overview
- 11.1.3. Product Portfolio
- 11.1.4. Business Strategies
- 11.2. AT&T Inc.
- 11.2.1. Quick Facts
- 11.2.2. Company Overview
- 11.2.3. Product Portfolio
- 11.2.4. Business Strategies
- 11.3. Ceva Inc.
- 11.3.1. Quick Facts
- 11.3.2. Company Overview
- 11.3.3. Product Portfolio
- 11.3.4. Business Strategies
- 11.4. Cisco Systems, Inc.
- 11.4.1. Quick Facts
- 11.4.2. Company Overview
- 11.4.3. Product Portfolio
- 11.4.4. Business Strategies
- 11.5. Ericsson AB
- 11.5.1. Quick Facts
- 11.5.2. Company Overview
- 11.5.3. Product Portfolio
- 11.5.4. Business Strategies
- 11.6. Fibocom Wireless Inc.
- 11.6.1. Quick Facts
- 11.6.2. Company Overview
- 11.6.3. Product Portfolio
- 11.6.4. Business Strategies
- 11.7. Huawei Technologies Co., Ltd.
- 11.7.1. Quick Facts
- 11.7.2. Company Overview
- 11.7.3. Product Portfolio
- 11.7.4. Business Strategies
- 11.8. IBM Corp.
- 11.8.1. Quick Facts
- 11.8.2. Company Overview
- 11.8.3. Product Portfolio
- 11.8.4. Business Strategies
- 11.9. Intel Corp.
- 11.9.1. Quick Facts
- 11.9.2. Company Overview
- 11.9.3. Product Portfolio
- 11.9.4. Business Strategies
- 11.10. Microsoft
- 11.10.1. Quick Facts
- 11.10.2. Company Overview
- 11.10.3. Product Portfolio
- 11.10.4. Business Strategies
- 11.11. Nokia Corp.
- 11.11.1. Quick Facts
- 11.11.2. Company Overview
- 11.11.3. Product Portfolio
- 11.11.4. Business Strategies
- 11.12. Oracle Corp.
- 11.12.1. Quick Facts
- 11.12.2. Company Overview
- 11.12.3. Product Portfolio
- 11.12.4. Business Strategies
- 11.13. Palo Alto Networks, Inc.
- 11.13.1. Quick Facts
- 11.13.2. Company Overview
- 11.13.3. Product Portfolio
- 11.13.4. Business Strategies
- 11.14. Qualcomm Technologies, Inc.
- 11.14.1. Quick Facts
- 11.14.2. Company Overview
- 11.14.3. Product Portfolio
- 11.14.4. Business Strategies
- 11.15. Reliance Industries Ltd.
- 11.15.1. Quick Facts
- 11.15.2. Company Overview
- 11.15.3. Product Portfolio
- 11.15.4. Business Strategies
- 11.16. Robert Bosch GmbH
- 11.16.1. Quick Facts
- 11.16.2. Company Overview
- 11.16.3. Product Portfolio
- 11.16.4. Business Strategies
- 11.17. Samsung Electronics Co., Ltd.
- 11.17.1. Quick Facts
- 11.17.2. Company Overview
- 11.17.3. Product Portfolio
- 11.17.4. Business Strategies
- 11.18. Semtech
- 11.18.1. Quick Facts
- 11.18.2. Company Overview
- 11.18.3. Product Portfolio
- 11.18.4. Business Strategies
- 11.19. Siemens AG
- 11.19.1. Quick Facts
- 11.19.2. Company Overview
- 11.19.3. Product Portfolio
- 11.19.4. Business Strategies
- 11.20. SK Telecom Co., Ltd.
- 11.20.1. Quick Facts
- 11.20.2. Company Overview
- 11.20.3. Product Portfolio
- 11.20.4. Business Strategies
- 11.21. Verizon Communications Inc.
- 11.21.1. Quick Facts
- 11.21.2. Company Overview
- 11.21.3. Product Portfolio
- 11.21.4. Business Strategies
- 11.22. Vodafone Group Plc
- 11.22.1. Quick Facts
- 11.22.2. Company Overview
- 11.22.3. Product Portfolio
- 11.22.4. Business Strategies
- 11.23. Wipro Ltd.
- 11.23.1. Quick Facts
- 11.23.2. Company Overview
- 11.23.3. Product Portfolio
- 11.23.4. Business Strategies
- 11.24. ZTE Corp.
- 11.24.1. Quick Facts
- 11.24.2. Company Overview
- 11.24.3. Product Portfolio
- 11.24.4. Business Strategies
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