5G IoT - Global Market Trajectory & Analytics

Global 5G IoT Market to Reach $11.3 Billion by 2027

Amid the COVID-19 crisis, the global market for 5G IoT estimated at US$677.4 Million in the year 2020, is projected to reach a revised size of US$11.3 Billion by 2027, growing at a CAGR of 49.5% over the period 2020-2027. 5G NR Standalone Architecture, one of the segments analyzed in the report, is projected to record 51% CAGR and reach US$8.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the 5G NR Non-Standalone Architecture segment is readjusted to a revised 46.1% CAGR for the next 7-year period.



The U.S. Market is Estimated at $206.2 Million, While China is Forecast to Grow at 47.1% CAGR

The 5G IoT market in the U.S. is estimated at US$206.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2027 trailing a CAGR of 47% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 44.4% and 41.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 32.7% CAGR.

Select Competitors (Total 36 Featured):

• AT&T
• Bell Canada
• BT Group
• Ericsson
• Etisalat
• Huawei
• Nokia
• Rogers
• Singtel
• Sprint
• Telefónica
• Telstra
• Telus
• Verizon
• Vodafone