Fifth-Generation (5G) Industrial Internet Of Things (IoT) Market Global Report 2026

The fifth-generation (5G) industrial internet of things (IoT) market size has grown exponentially in recent years. It will grow from $158.89 billion in 2025 to $194.18 billion in 2026 at a compound annual growth rate (CAGR) of 22.2%. The growth during the historic period can be attributed to increasing adoption of industrial IoT devices, rising demand for wireless industrial connectivity, growing need for real-time operational monitoring, increasing deployment of connected industrial equipment, and expanding industrial automation applications.

The fifth-generation (5G) industrial internet of things (IoT) market size is expected to see exponential growth in the next few years. It will grow to $427.17 billion in 2030 at a compound annual growth rate (CAGR) of 21.8%. The growth during the forecast period can be attributed to increasing demand for low-latency industrial communication, rising deployment of private 5G networks, growing requirement for highly reliable industrial connectivity, increasing demand for real-time machine-to-machine communication, and expanding adoption of 5G-enabled predictive maintenance. Major trends in the forecast period include increasing adoption of private 5G industrial networks, rising demand for ultra-low-latency industrial connectivity, growing deployment of 5G-enabled industrial sensors, increasing need for reliable machine-to-machine communication, and expanding use of 5G connectivity for real-time industrial monitoring.

The rising adoption of Industry 4.0 and smart manufacturing technologies is expected to propel the growth of the fifth-generation (5G) industrial Internet of Things (IoT) market going forward. Industry 4.0 and smart manufacturing technologies refer to the integration of advanced digital technologies, automation, robotics, artificial intelligence, IoT, and data analytics to improve manufacturing efficiency, productivity, and operational intelligence. The rising adoption of Industry 4.0 and smart manufacturing technologies is driven by the need to improve operational efficiency, as advanced automation, industrial robotics, IoT, and AI optimize production processes, minimize downtime, and enhance productivity. The increasing adoption of Industry 4.0 and smart manufacturing technologies drives the fifth-generation (5G) Industrial Internet of Things (IoT) by enabling ultra-low-latency connectivity, real-time machine communication, and intelligent factory automation, thereby improving operational efficiency and productivity. For instance, in March 2024, according to Rockwell Automation, Inc., a US-based automation company, 95% of manufacturers were either using or evaluating smart manufacturing technology in 2024, up from 84% in 2023. Therefore, the rising adoption of Industry 4.0 and smart manufacturing technologies is driving the growth of the fifth-generation (5G) industrial Internet of Things (IoT) market.

Major companies operating in the fifth-generation (5G) industrial Internet of Things (IoT) market are focusing on developing advanced enterprise private 5G solutions to simplify network deployment, strengthen secure industrial connectivity, and support large-scale industrial IoT applications. Enterprise private 5G solutions are dedicated cellular networks that deliver reliable, low-latency, and secure wireless connectivity for industrial operations, enabling automation, real-time monitoring, and edge computing. For instance, in June 2024, Hewlett Packard Enterprise (HPE), a US-based information technology company, launched HPE Aruba Networking Enterprise Private 5G, an integrated private cellular networking solution designed to simplify the deployment and management of enterprise private 5G networks. The solution combines 4G and 5G core technology, small cell radios, cloud-native management, and automation to deliver secure, high-performance wireless connectivity across industrial environments. It supports Industrial Internet of Things (IoT), artificial intelligence (AI), and smart manufacturing applications by enabling reliable, scalable, and efficient network operations.

In June 2026, Epiroc, a Sweden-based industrial company, partnered with Ericsson to accelerate digital transformation. Through this partnership, Epiroc and Ericsson aim to accelerate the adoption of private LTE and 5G networks in the mining sector to enable autonomous operations, real-time data connectivity, enhanced worker safety, and improved operational efficiency. Ericsson is a Sweden-based telecommunications technology company that provides private 5G and LTE networks and industrial connectivity platforms.

Major companies operating in the fifth-generation (5G) industrial internet of things (IoT) market are Microsoft Corporation, Samsung Electronics Co Ltd, Amazon.com Inc, Huawei Technologies Co Ltd, Verizon Communications Inc, AT&T Inc, Siemens AG, International Business Machines Corporation, Cisco Systems Inc, Intel Corporation, Schneider Electric SE, Qualcomm Incorporated, Honeywell International Inc, ABB Ltd, Hewlett Packard Enterprise Company, Telefonaktiebolaget LM Ericsson, NEC Corporation, Nokia Corporation, ZTE Corporation, Rockwell Automation Inc, Keysight Technologies Inc, Advantech Co Ltd, Quectel Wireless Solutions Co Ltd, Fibocom Wireless Inc, Telit Cinterion BR SA.

North America was the dominating region in the fifth-generation (5G) industrial internet of things (IoT) market in 2025. Asia-Pacific is expected to be the rapidly growing region in the forecast period. The regions covered in the fifth-generation (5G) industrial internet of things (IoT) 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 (5G) industrial internet of things (IoT) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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