5G in IoT Market - Global Forecast 2025-2032

The 5G in IoT market is driving pivotal changes in enterprise connectivity, unlocking new efficiencies and operational models for organizations worldwide. As advancements in wireless networks reshape the digital landscape, decision-makers face evolving opportunities and challenges with the integration of 5G into IoT frameworks.

Market Snapshot: 5G in IoT Market Size and Growth

The 5G in IoT market reached USD 12.28 billion in 2024, reflecting strong momentum as enterprises adopt next-generation connectivity. This market is projected to climb to USD 16.42 billion in 2025 and is anticipated to continue its rapid ascent with a compound annual growth rate of 36.76%, ultimately reaching USD 150.38 billion by 2032. These benchmarks highlight the accelerating investment and widespread deployment of 5G technologies, underlining their central role in digital transformation strategies and the evolution of connected devices across diverse industries.

Scope & Segmentation: Key Areas and Geographical Coverage

• Offering: Hardware, including antennas, RF components, power management, processing units, security, storage, and sensor technology; Services, such as managed and professional offerings; and Software Solutions, including 5G core network components, device management platforms, network virtualization, threat monitoring, and network orchestration tools.
• Technology: Advanced capabilities comprise beamforming, massive MIMO, low-power wide-area integration, multi-access edge computing, network slicing, and ultra-reliable low-latency communications to boost performance and scale.
• Application: Core IoT applications span automotive and transportation, energy management, industrial automation, medical devices, retail supply chains, and smart home and building solutions, reflecting broad cross-sector adoption.
• Deployment Mode: Both cloud-based and on-premises models address varying enterprise needs for scalability, security, and customization.
• Region: Coverage is global, featuring the Americas (including the U.S., Canada, and Latin American countries), Europe, Middle East & Africa (with prominent economies and emerging markets), and Asia-Pacific (encompassing China, India, Japan, Australia, and Southeast Asia).
• Leading Companies: Key stakeholders include major telecom operators, network hardware vendors, and IoT platform providers such as AT&T Inc., BCE Inc., BT Group PLC, Capgemini SE, China Mobile International Limited, China Telecom Corporation Limited, China Unicom (Hong Kong) Limited, Cisco Systems, Inc., e&, F5, Inc., Huawei Investment & Holding Co., Ltd., Jio Platforms Limited by Reliance Industries Limited, Juniper Networks, Inc., KDDI CORPORATION, NEC Corporation, Nokia Corporation, Orange SA, Qualcomm Technologies, Inc., Rogers Communications, Sequans Communications S.A., Sierra Wireless, Inc. by Semtech Corporation, SIMCom Wireless Solutions Limited, Sunrise Communications AG, Telefonaktiebolaget LM Ericsson, Telefónica, S.A., Telekom Deutschland GmbH, Telit Cinterion, Telstra Group Limited, u-blox AG, Verizon Communications Inc., and Vodafone Group PLC.

Key Takeaways: Strategic Insights on 5G in IoT

• 5G in IoT unlocks real-time decision-making and operational autonomy at the network edge, allowing organizations to respond to dynamic scenarios with reliability.
• Edge computing and network slicing expand service possibilities by tailoring network resources for differentiated IoT workloads and user groups.
• Integration with low-power wireless standards supports scalable rollouts in applications from urban infrastructure and logistics to advanced manufacturing.
• Software-defined networking and subscription models are shaping new commercialization approaches, supporting adaptive and agile revenue models across connected device lifecycles.
• Regional ecosystems mature at varying rates; operators in the Asia-Pacific and Americas lead deployment and ecosystem innovation, driving sector advances and shaping industry benchmarks.
• Strategic collaboration across network operators, equipment manufacturers, and major cloud providers sustains market competitiveness and accelerates adoption at scale.

Tariff Impact: U.S. Policy and Supply Chain Considerations

Anticipated tariffs in the United States on telecom components are prompting a strategic reassessment among manufacturers and service providers. To safeguard margins and maintain deployment timelines, industry participants are intensifying efforts around supply chain resilience, nearshoring of critical production, and software localization. These proactive responses aim to contain costs and minimize disruption as enterprises navigate geopolitical shifts.

Methodology & Data Sources

This analysis leverages a hybrid research model combining senior executive interviews and technical specialist feedback. Methodological rigor was maintained through review of regulatory filings, technical documentation, and financial records, with results substantiated by a peer-led triangulation process.

Why This Report Matters

• Clarifies the primary market drivers and growth opportunities across segments, enabling leaders to allocate resources efficiently and adapt to industry shifts.
• Provides actionable insights into evolving technology, regulatory updates, and partnership dynamics, equipping executives to respond to fast-changing market realities.
• Supports strategic planning by focusing on the core factors required for growth and resilience in a dynamic digital environment.

Conclusion

5G is redefining how connected solutions are deployed, enhancing operational agility and digital transformation in the IoT market. Leaders embracing flexible strategies and innovation will be best prepared to advance as connectivity evolves.

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.