Ongoing Research Report
In the News
March 2020: Nokia announced that it has enhanced its Worldwide IoT Network Grid (WING) managed services to support operators in offering 5G IoT services with minimal capex investment.
Introduction to 5G IoT Endpoint
5G IoT is a friendly ecosystem which has widely developed and advanced over the current capabilities. The idea behind IoT is to have multiple connected devices gathering data in real time over a particular period. 5G IoT endpoint is a physical computing device that performs a function or task as a part of an internet connected product or service such as wearable fitness device, an industrial control system, an automotive telematics unit or even a personal drone unit. The 5G IoT endpoints find applications in self-driving cars, healthcare, logistics, smart cities and retail.
Market Size and Forecast
Growing demand for extended network coverage and capacity to accommodate huge number of IoT connected devices are some of the significant factors boosting the market growth. The 5G IoT endpoint market is anticipated to record a significant CAGR over the forecast period, i.e., 2020-2028. The market is segmented by range into short-range and wide-range. Among these segments, the segment for short-range is anticipated to hold the leading share in the market on account of development in innovative 5G IoT applications that can meet the ever-growing need for high data rate, low latency and high-speed connectivity by global consumers.
Growth Drivers
Rising Demand for Connected IoT Devices and Extended Network Coverage to Boost the Market Growth
There has been growing requirement for networks of 5G IoT owing to its benefits such as low power, ultra-reliability, lower latency, faster connectivity, high speed and higher security. According to the GSM association, the total number of IoT connections will grow to 25.2 billion by 2025. Further, the market growth is attributed to the integration of 5G and IoT which offers high network support and operations that require real-time access to changes in data instantly. These factors are anticipated to significantly expand the 5G IoT endpoint market.
By Region
On the basis of regional analysis, the 5G IoT endpoint market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
The market for 5G IoT endpoint in North America is anticipated to hold the largest share in the market on account of presence of leading market players in the region which provides and market 5G IoT endpoint. Furthermore, market in Europe is anticipated to gain significant market share in the upcoming years. Additionally, increasing number of connected IoT devices owing to huge rise in wireless connectivity in this region further promotes 5G IoT endpoint market. The market in Asia Pacific region is predicted to grow at the highest rate during the forecast period on account of huge support and interest taken by governments in this region to initiate several smart infrastructure projects such as smart cities. In addition, market for 5G IoT endpoint carries enormous potential, especially in countries such as India, Japan, China, Korea, Malaysia and governments which further raise the demand for 5G IoT endpoint.
The 5G IoT endpoint market is further classified on the basis of region as follows:
In the News
March 2020: Nokia announced that it has enhanced its Worldwide IoT Network Grid (WING) managed services to support operators in offering 5G IoT services with minimal capex investment.
Introduction to 5G IoT Endpoint
5G IoT is a friendly ecosystem which has widely developed and advanced over the current capabilities. The idea behind IoT is to have multiple connected devices gathering data in real time over a particular period. 5G IoT endpoint is a physical computing device that performs a function or task as a part of an internet connected product or service such as wearable fitness device, an industrial control system, an automotive telematics unit or even a personal drone unit. The 5G IoT endpoints find applications in self-driving cars, healthcare, logistics, smart cities and retail.
Market Size and Forecast
Growing demand for extended network coverage and capacity to accommodate huge number of IoT connected devices are some of the significant factors boosting the market growth. The 5G IoT endpoint market is anticipated to record a significant CAGR over the forecast period, i.e., 2020-2028. The market is segmented by range into short-range and wide-range. Among these segments, the segment for short-range is anticipated to hold the leading share in the market on account of development in innovative 5G IoT applications that can meet the ever-growing need for high data rate, low latency and high-speed connectivity by global consumers.
Growth Drivers
Rising Demand for Connected IoT Devices and Extended Network Coverage to Boost the Market Growth
There has been growing requirement for networks of 5G IoT owing to its benefits such as low power, ultra-reliability, lower latency, faster connectivity, high speed and higher security. According to the GSM association, the total number of IoT connections will grow to 25.2 billion by 2025. Further, the market growth is attributed to the integration of 5G and IoT which offers high network support and operations that require real-time access to changes in data instantly. These factors are anticipated to significantly expand the 5G IoT endpoint market.
By Region
On the basis of regional analysis, the 5G IoT endpoint market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
The market for 5G IoT endpoint in North America is anticipated to hold the largest share in the market on account of presence of leading market players in the region which provides and market 5G IoT endpoint. Furthermore, market in Europe is anticipated to gain significant market share in the upcoming years. Additionally, increasing number of connected IoT devices owing to huge rise in wireless connectivity in this region further promotes 5G IoT endpoint market. The market in Asia Pacific region is predicted to grow at the highest rate during the forecast period on account of huge support and interest taken by governments in this region to initiate several smart infrastructure projects such as smart cities. In addition, market for 5G IoT endpoint carries enormous potential, especially in countries such as India, Japan, China, Korea, Malaysia and governments which further raise the demand for 5G IoT endpoint.
The 5G IoT endpoint market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Companies Mentioned
- Telefonaktiebolaget LM Ericsson
- Verizon
- AT&T
- Huawei Technologies Co., Ltd.
- Sprint
- Vodafone Ltd.
- Telus
- Telefónica S.A.
- Singtel
- Rogers Communications Inc.
- Nokia Corporation
- Other Notable Players
Please note the number of players as well as the addition/deletion can be done in the final deliverable as per the feasibility
