5G IoT Market - Global Forecast 2025-2032

The 5G IoT market is transforming how enterprises connect and operate, driving digital strategies to address evolving business challenges and regulatory complexities. Leadership teams are rethinking connectivity, automation, and security to foster agile business transformation.

Market Snapshot: 5G IoT Market Size and Outlook

In 2024, the 5G IoT market reached USD 15.37 billion and is projected to climb to USD 19.23 billion in 2025. With a compound annual growth rate (CAGR) of 25.29%, the market is forecast to reach USD 93.40 billion by 2032. This significant acceleration reflects the increasing demand for next-generation digital infrastructure. Enterprises and consumers are seeking modernization opportunities enabled by enhanced connectivity, prompting organizations to evolve operations rapidly. New applications and scalable innovations are taking root across all major sectors, fueling adoption and laying the foundation for continued advancement.

Scope & Segmentation: Navigating the 5G IoT Ecosystem

This report offers senior decision-makers a comprehensive breakdown of the major factors shaping 5G IoT adoption and deployment strategies. The analysis covers:

• Industry Verticals: Automotive, manufacturing, healthcare, consumer electronics, agriculture, retail, and energy and utilities are leveraging 5G IoT to enhance operational efficiency, drive technology innovation, and enable real-time management of processes.
• Connectivity Technologies: Enhanced mobile broadband, massive machine-type communications, and ultra-reliable low latency communications are expanding application diversity and investment options for organizations.
• Applications: Asset tracking, augmented and virtual reality, autonomous vehicles, smart agriculture, smart grids, smart homes, smart manufacturing, and telemedicine represent key areas of growth and innovation.
• Components: The ecosystem includes chipsets, modules, sensors, managed and professional services, as well as integrated analytics, management, and security software.
• Network Architectures: Both non-standalone and standalone network models cater to varied scalability demands, technical maturity levels, and organizational goals.
• Deployment Types: Enterprises are selecting between private and public network models to align with data security, control, and optimization objectives.
• Regions: The Americas, Europe, Middle East and Africa, and Asia-Pacific each present distinct opportunities and regulatory conditions, shaping how organizations adopt and tailor 5G IoT solutions locally.
• Leading Companies: The competitive landscape comprises Quectel Wireless Solutions, Fibocom Wireless, Sierra Wireless, Thales S.A., Telit Communications, u-blox Holding, Qualcomm, Huawei, Ericsson, and Nokia.

Key Takeaways: Strategic Insights for Decision-Makers

• 5G IoT empowers enterprises to establish robust digital ecosystems, creating substantial operational improvements in sectors such as logistics, healthcare, and manufacturing.
• Capabilities like low-latency networking and network slicing open new opportunities for real-time applications—including remote diagnostics and process automation—boosting efficiency in manufacturing and service-oriented fields.
• Vendors deliver integrated hardware, software, and managed services designed to simplify implementation and scale solutions that adapt to specialized needs across industries.
• Continuous product development and cross-sector alliances between network providers, device manufacturers, and cloud technology firms enable organizations to achieve sector-specific innovation and maintain a competitive position.
• Varying regulatory policies and investment levels across global regions influence how quickly markets advance in their adoption of 5G IoT, with leadership teams needing to adapt to shifting compliance environments and infrastructure developments.
• Effective expansion relies on strong leadership alignment and workforce upskilling, combined with proactive regulatory strategies, to support evolving technical requirements and future-proof operations.

Tariff Impact: Navigating Trade and Supply Chain Dynamics

Trade tariffs on electronics and communications components are affecting procurement and production strategies. Organizations are adopting nearshore manufacturing and broadening their supplier networks to address escalating costs and new trade restrictions. Adapting sourcing practices and shifting toward open network architectures is essential to promote operational resilience and maintain timely deployment of 5G IoT infrastructure and services.

Methodology & Data Sources

This report draws on comprehensive secondary research, including regulatory documents and technical papers, combined with direct interviews from more than fifty network operators, technology providers, and enterprise users. An industry advisory panel has overseen findings to ensure relevance, accuracy, and actionable insight for business leaders.

Why This Report Matters for Senior Leaders

• Delivers actionable strategic direction for investing in 5G IoT, using advanced segmentation and up-to-date competitive market intelligence.
• Highlights effective ways to address regulatory, supply chain, and operational challenges, supporting agile transformation in a rapidly changing business environment.
• Equips organizations with clear frameworks for secure, scalable 5G IoT implementations that align with enterprise priorities and compliance needs.

Conclusion

The 5G IoT market is progressing through strong supply chain strategies, evolving technologies, and purposeful cross-sector alliances. This report provides the clarity and actionable guidance senior decision-makers need to advance enterprise connectivity and sustain growth.

Additional Product Information:

• Purchase of this report includes 1 year online access with quarterly updates.
• This report can be updated on request. Please contact our Customer Experience team using the Ask a Question widget on our website.