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5G IoT Market Poised To Hit $268.1 Billion By 2030 With A 67.9% CAGR
The 5G IoT market has witnessed substantial growth in recent years. It is projected to expand from $20.03 billion in 2025 to $33.74 billion in 2026, showing a compound annual growth rate (CAGR) of 68.5%. Historically, this growth can be attributed to the rise of connected devices, the adoption of LTE IoT, the expansion of smart manufacturing, the increasing demand for real-time monitoring, and the implementation of early smart city projects.
The 5G iot market size is projected to undergo substantial growth in the coming years. It is forecast to reach $268.1 billion in 2030, demonstrating a compound annual growth rate (CAGR) of 67.9%. This expansion during the projection period stems from factors such as 5G standalone deployment, increasing automation across industries, the development of smart grids, the adoption of autonomous vehicles, and the demand for secure connectivity. Furthermore, key trends anticipated in this forecast period encompass massive iot connectivity, ultra low latency applications, industrial iot integration, edge based iot analytics, and private 5G iot networks.
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5G IoT Market Growth Factors: What’s Supporting Expansion?
An anticipated rise in mobile network data traffic is set to boost the expansion of the 5G IoT market moving forward. The 5G IoT technology plays a crucial role in managing extensive volumes of mobile network data traffic and supporting a large user base, including IoT devices. Significant mobile network data traffic volumes contribute to the growth of 5G IoT by offering fast, reliable, low-latency, and secure connections. As an illustration, in November 2024, the International Telecommunication Union, a specialized agency based in Switzerland, reported that global mobile broadband traffic for end-user internet usage surpassed 1 zettabyte for the first time in 2023. This is projected to increase to around 1.3 zettabytes in 2024. Conversely, fixed broadband traffic is expected to rise from 5.1 zettabytes in 2023 to approximately 6 zettabytes in 2024. Therefore, the increase in mobile network data traffic is a primary catalyst for the growth of the 5G IoT market.
5G IoT Market Segment Landscape: Which Areas Lead Development?
The 5G iot market covered in this report is segmented –
1) By Component: Solution, Hardware, Software And Platform, Services
2) By Network Type: 5G Standalone (SA), 5G Non-Standalone (NSA)
3) By Enterprise Size: Large Enterprises, Small and Medium Enterprises
4) By End User: Manufacturing, Healthcare, Energy And Utilities, Automotive And Transportation, Supply Chain And Logistics, Government And Public Safety, Agriculture, Other End Users
Subsegments:
1) By Solution: Connectivity Solutions, Device Management Solutions, Security Solutions
2) By Hardware: IoT Devices (Sensors, Actuators), Gateways, Network Equipment
3) By Software and Platform: Analytics Software, Application Development Platforms, Operating Systems
4) By Services: Consulting Services, Integration Services, Managed Services
5G IoT Market Industry Trends: What’s Reshaping Demand?
Leading entities within the 5G IoT market are prioritizing innovative solutions, including RAN software, to more effectively address current consumer demands. RAN software encompasses the programming elements responsible for overseeing and controlling radio communications linking mobile devices (like smartphones) with the cellular network. An example occurred in June 2023 when Telefonaktiebolaget LM Ericsson, a Swedish telecommunications provider of 5G IoT services, introduced Ericsson Reduced Capability (RedCap). This Ericsson offering is designed to foster an environment for novel device types capable of connecting to 5G networks. A growing ecosystem of new radio (NR) devices, endowed with enhanced capabilities, is expected to accelerate the development of further 5G applications. RedCap will facilitate 5G connectivity for wearables currently limited to LTE and encourage more efficient methods for reducing device power consumption. It is designed to support less complex devices like augmented reality (AR) smartwatches, video surveillance equipment, industrial sensors, and intelligent energy systems. This inventive approach consumes less power compared to traditional LTE low categories and has already garnered attention from the wearable original equipment manufacturer (OEM) sector.
5G IoT Market Industry Leaders And Competitive Landscape
Major companies operating in the 5G iot market are Samsung Electronics Co. Ltd.; China Mobile Ltd.; Verizon Communications Inc.; Deutsche Telekom AG; AT&T Inc.; Huawei Technologies Co. Ltd.; T-Mobile International AG; China Telecom Corporation Limited; LG Electronics Inc.; Intel Technology Corporation; Cisco Systems Inc.; NTT Docomo Inc.; China Unicom Limited; Vodafone Group plc; Orange S.A.; Telefonica S.A; Qualcomm Technologies Inc.; Fujitsu Ltd.; BT Group plc; Ericsson AB; Nokia Corporation; NEC Corporation; Telstra Corporation Limited; Thales Group; KT Corporation; TIM S.p.A.; ZTE Corporation; SK Telecom Co. Ltd.; Swisscom AG; Singtel Optus Pty Limited
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5G IoT Market Geographic Spread And Regional Opportunities
North America was the largest region in the 5G IoT market in 2025. The regions covered in the 5G iot market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
