Fifth Generation Internet of Things Software (5G IoT Software) Market Report 2026

The fifth generation internet of things software (5g iot software) market size has grown exponentially in recent years. It will grow from $17.98 billion in 2025 to $22.97 billion in 2026 at a compound annual growth rate (CAGR) of 27.7%. The growth in the historic period can be attributed to early iot platform adoption, growth of connected devices, limitations of 4g networks, expansion of cloud computing, initial smart infrastructure projects.

The fifth generation internet of things software (5g iot software) market size is expected to see exponential growth in the next few years. It will grow to $60.13 billion in 2030 at a compound annual growth rate (CAGR) of 27.2%. The growth in the forecast period can be attributed to widespread 5g network availability, growth of smart factories, increasing adoption of autonomous systems, demand for real-time analytics, expansion of mission-critical iot applications. Major trends in the forecast period include 5g-enabled iot platform integration, edge computing for low-latency iot, AI-driven iot analytics, secure iot device management, industry-specific iot software platforms.

The rising demand for cloud computing is expected to drive the growth of the fifth-generation Internet of Things software (5G IoT software) market. Cloud computing involves delivering computing services - including servers, storage, databases, networking, software, and analytics - over the internet. This growing demand is driven by factors such as scalability, cost efficiency, flexibility, enhanced security, remote access, and the ability to support advanced technologies including AI, big data analytics, and IoT. Fifth-generation Internet of Things (5G IoT) software complements cloud computing by providing ultra-fast data transmission, low-latency communication, and seamless connectivity for large-scale IoT deployments, enabling real-time data processing, efficient resource management, and improved scalability for cloud-based applications across sectors such as healthcare, smart cities, industrial automation, and autonomous systems. For example, in March 2025, the Office for National Statistics, a UK-based government agency, reported that in 2023, artificial intelligence (AI) was adopted by 9% of firms, while cloud-based computing systems and applications were adopted by 69% of firms in the UK. Therefore, the rising demand for cloud computing is driving the fifth-generation Internet of Things software (5G IoT software) market.

Major companies in the fifth-generation Internet of Things (5G IoT) software market are prioritizing technological advancements, such as 3GPP Release 18 multi-RAN software suites, to address the growing need for seamless, low-latency connectivity across terrestrial, non-terrestrial, and private networks in increasingly distributed IoT deployments. A 3GPP Release 18 multi-RAN software suite delivers a next-generation, cloud-native RAN stack that supports multiple access technologies within a unified framework, offering more flexible and efficient deployment compared to traditional single-access architectures. For example, in February 2025, Radisys, a U.S.-based provider of open telecom solutions, introduced its 3GPP Release 18 5G Multi-RAN software suite, which provides full backward compatibility with Release 17 and forward compatibility with Release 19. The suite supports both terrestrial and non-terrestrial (satellite) networks, integrates reduced capability (RedCap) device support, and enables universal access for small cells, private networks, and NTN applications. It allows operators and enterprises to deploy cost-effective and resilient 5G IoT solutions for use cases such as remote sensing, asset tracking, and mission-critical communications by leveraging a cloud-native architecture and scalable orchestration.

In October 2024, OptConnect, a US-based wireless IoT connectivity company, acquired Capestone for an undisclosed amount. This acquisition aims to expand OptConnect’s international presence, enhance its IoT connectivity solutions, and strengthen its managed wireless connectivity platform. Capestone, a Netherlands-based provider of managed connectivity solutions and related hardware, specializes in IoT applications.

Major companies operating in the fifth generation internet of things software (5g iot software) market are Bharti Airtel Limited, Swisscom AG, Tata Communications Limited, KORE Group Holdings Inc., 6D Technologies PTE. Ltd., 1NCE GmbH, Emnify GmbH, Telit Communications Plc, Bridgera Pvt. Ltd., Cavli Inc., MAVOCO AG, Airlinq Inc., Zipit Wireless Inc., Simon IoT LLC, Velos IoT, Cobira Aps, Freeeway AG, InfiSIM Ltd., Relevant Software LLC, Droam B.V., Monogoto, Syntegra Inc.

North America was the largest region in the fifth-generation Internet of Things software (5G IoT software) market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fifth generation internet of things software (5g iot software) market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the fifth generation internet of things software (5g iot software) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Tariffs have impacted the 5g iot software market indirectly by increasing costs of 5g network equipment, edge devices, and supporting hardware infrastructure. Manufacturing and smart city projects in north america and asia pacific have faced higher deployment costs due to global technology supply chains. These impacts have influenced rollout timelines. However, tariffs have accelerated adoption of software-centric and cloud-based iot platforms. This has reduced reliance on proprietary hardware and supported scalable, cross-industry iot ecosystems.

The fifth generation internet of things software (5g iot software) market research report is one of a series of new reports that provides fifth generation internet of things software (5g iot software) market statistics, including fifth generation internet of things software (5g iot software) industry global market size, regional shares, competitors with a fifth generation internet of things software (5g iot software) market share, detailed fifth generation internet of things software (5g iot software) market segments, market trends and opportunities, and any further data you may need to thrive in the fifth generation internet of things software (5g iot software) industry. This fifth generation internet of things software (5g iot software) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Fifth-generation Internet of Things software (5G IoT software) consists of platforms, applications, and frameworks designed to optimize and manage IoT networks through 5G connectivity. By leveraging the high speed, low latency, and large-scale device support offered by 5G, these solutions enhance IoT operations across various industries. The primary purpose of this software is to enable seamless communication, automation, and real-time data processing, ensuring efficient and intelligent IoT ecosystems.

The main components of fifth-generation Internet of Things software (5G IoT software) include connectivity management platforms, edge computing platforms, application enablement platforms, analytics platforms, and security platforms. A connectivity management platform (CMP) helps businesses efficiently manage IoT device connections, monitor data usage, and ensure smooth communication between devices. It supports various network types, such as non-standalone and standalone, and is available for different enterprise sizes, including small and medium-sized enterprises and large enterprises. This platform is used by a wide range of end users, including those in manufacturing, healthcare, energy and utilities, automotive and transportation, supply chain and logistics, government and public safety, agriculture, and other sectors.

The fifth-generation Internet of Things software (5G IoT software)market consists of revenues earned by entities providing services such as security-as-a-service (SAAS), and IoT device management services. The market value includes the value of related goods sold by the service provider or included within the service offering. The 5G IoT software market also includes sales of application development frameworks, security and threat management systems, AI-powered predictive analytics tools. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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