5G is the latest trend adopted rapidly in order to improve connectivity. The combination of IoT and 5G technology will help to overcome all the obstacles in various industries. The increasing number of IoT devices across manufacturing industries, rising increasing demand for high reliability, and low latency networks in manufacturing industries are the major driving factors of the global 5G industrial IoT market during the forecast period.
MARKET DYNAMICS
The growing growth in the number of M2M connections across manufacturing industries and the increasing need for preventive maintenance for critical equipment are propelling the demand for the 5G industrial IoT market over the forecast period. Moreover, real-time communication between machines in manufacturing with ultra-low latency is very important which also boosts the demand for the global 5G industrial IoT market. Furthermore, the rising demand for the high internet connectivity infrastructural in the various industrial sector will create a lucrative opportunity for the global 5G industrial IoT market in the coming years.
MARKET SCOPE
The Global 5G Industrial IoT Market Analysis to 2028 is a specialized and in-depth study of the 5G industrial IoT industry with a special focus on the global market trend analysis. The report aims to provide an overview 5G industrial IoT market with detailed market segmentation as component, enterprise size, application, end-user, and geography. The global 5G industrial 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 industrial IoT market players and offers key trends and opportunities in the 5G industrial IoT market.
MARKET SEGMENTATION
The global 5G industrial IoT market is segmented on the basis of component, enterprise size, application, end-user. On the basis of component the market is segmented as hardware, software, services. On the basis of enterprise size the market is segmented as SMEs, large enterprises. On the basis of application the market is segmented as predictive maintenance, business process optimization, asset tracking and management, logistics and supply chain management, real-time workforce tracking and management, automation control and management, emergency and incident management and business communication. On the basis of end-user the market is segmented as process industries, discrete industries.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global 5G industrial IoT market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The 5G industrial IoT market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting 5G industrial IoT market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the 5G industrial IoT market in these regions.
MARKET PLAYERS
The reports cover key developments in the 5G industrial IoT market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from 5G industrial IoT market are anticipated to lucrative growth opportunities in the future with the rising demand for 5G industrial IoT in the global market. Below mentioned is the list of few companies engaged in the 5G industrial IoT market.
The report also includes the profiles of key 5G industrial IoT companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Advantech Co., Ltd.
- AT&T Inc.
- Cisco Systems Inc.
- Huawei Technologies Co., Ltd.
- IBM Corporation
- Nokia Corporation
- Qualcomm Technologies, Inc.
- Siemens AG
- Telefonaktiebolaget LM Ericsson
- Telefnica, S.A.
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