Pune, India, April 2021, MRFR Press Release/Market Research Future has published a Half- Cooked Research Report on the Global 5G Industrial IoT Market.
Press Release Content:
Market Research Future (MRFR) announces the publication of its half-cooked research report—Global 5G Industrial IoT market, 2021–2027.
According to Market Research Future, the global 5G IoT market has been segmented based on component, organization size, application, end-user, and region/country.
An industrial IoT system is comprised of complex infrastructure architecture comprising of tons of sensors, communication systems, big-data storage, edge computing, advanced analytics, among others. The 5G industrial IoT solutions enabled with next generation wireless connectivity that provides higher speed of data transfer with lower latency when compared to their predecessors. 5G network capabilities enable production systems and machines work seamlessly through wireless networking, enhancing flexibility and efficiency. These services have wide scope across industry verticals including manufacturing, transportation, construction, utilities, mining, among others. The 5G services for industrial IoT are designed keeping in mind the requirements of day to day industrial processes.
By component, the global 5G industrial IoT market has been divided into hardware, solution, and service. The service sub-segment is further split into professional and managed services.
By organization size, the global 5G industrial IoT market has been separated into large enterprise and small & medium enterprise. Large enterprises having expanded business operations are expected to adopt 5G industrial IoT solutions and services faster than that of small & medium enterprises.
Based on applications, the global 5G industrial IoT market has been divided into predictive maintenance, business process optimization, asset tracking & management, logistics & supply chain management, real-time workforce tracking & management, automation control & management, and lastly emergency, incident management, and business communication. The automation control & management segment is expected to register high market share followed by asset tracking & management owing to the demand for real-time asset monitoring and control needs. Additionally, the real-time workforce tracking & management is projected to account major growth rate CAGR during the forecast period mainly due to increasing need for employee workplace safety and enhanced working environment.
On the basis ofend-users, the global 5G industrial IoT market has been divided into energy & utility, food & beverage, automotive & transportation, manufacturing, consumer electronics, and others. The manufacturing industry is expected to report highest market contribution during the forecast period mainly due to the rise in investments to automate industrial processes.
The global 5G industrial IoT market has been analyzed for five regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
Access full report @ https://www.marketresearchfuture.com/reports/5g-industrial-iot-market-10560
By region, the global 5G industrial IoT market has been segmented into North America, Europe, Asia-Pacific, the Middle East &Africa,and South America. Asia-Pacific region is expected report highest CAGRmainly due to the adoption of industrial IoT by the Chinese large enterprises to automate the control and management of business processes.
The key players in theglobal 5G industrial IoT market areQualcomm Technologies, Inc. (US), Telefonaktiebolaget LM Ericsson (Sweden), Nokia (Finland), Huawei Technologies Co., Ltd. (China), Cisco Systems, Inc. (US), AT&T (US), IBM Corporation (US), Microsoft (US), Siemens (Germany), Verizon (US), Sierra Wireless (Canada), Telefónica S.A (Spain), Vodafone Limited (UK), T-Mobile USA, INC (US), and TELUS (Canada).