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5G IoT Market Forecast: What Market Value Is Expected By 2030?
The 5G IoT market has seen substantial expansion in its size over recent years. It is anticipated to grow from $20.03 billion in 2025 to $33.74 billion in 2026, exhibiting a compound annual growth rate (CAGR) of 68.5%. The market’s growth in the past can be attributed to factors such as the increasing number of connected devices, the integration of LTE IoT, the development of smart manufacturing, the requirement for real-time monitoring, and the inception of smart city projects.
The 5G iot market is projected to experience rapid expansion in the coming years. By 2030, its valuation is anticipated to reach $268.1 billion, demonstrating a compound annual growth rate (CAGR) of 67.9%. This anticipated growth during the forecast timeframe is driven by factors such as the rollout of 5G standalone technology, increased automation across various sectors, the expansion of smart grids, the uptake of autonomous vehicles, and the demand for reliable connectivity. Key developments expected during this period encompass extensive IoT connectivity, applications requiring extremely low latency, the incorporation of industrial IoT, analytics powered by edge computing for IoT, and dedicated private 5G IoT networks.
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5G IoT Market Growth Momentum: Which Factors Are Influencing Demand?
The anticipated increase in mobile network data traffic is set to propel the expansion of the 5G IoT market going forward. 5G IoT technology is instrumental in supporting considerable volumes of mobile network data traffic and a large number of users, encompassing IoT devices. Substantial mobile network data traffic contributes to the growth of 5G IoT by delivering fast, dependable, low-latency, and secure connections. For instance, in November 2024, data from the International Telecommunication Union, a Switzerland-based specialized agency, indicated 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 approximately 1.3 zettabytes in 2024. Comparatively, fixed broadband traffic is expected to grow from 5.1 zettabytes in 2023 to about 6 zettabytes in 2024. Consequently, the surge in mobile network data traffic is driving the development of the 5G IoT market.
5G IoT Market Segment Outlook: Which Categories Are Expanding The Fastest?
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 Strategic Trends: What Is Defining The Next Phase Of Growth?
Leading companies operating in the 5G IoT market are increasingly concentrating on advanced products, such as RAN software, to better fulfill the requirements of their existing consumers. RAN software refers to the software components responsible for regulating and managing radio communications that link mobile devices (like smartphones) with the cellular network. For instance, in June 2023, Telefonaktiebolaget LM Ericsson, a Sweden-based telecommunications company offering 5G IoT services, unveiled Ericsson Reduced Capability (RedCap). This reduced capability by Ericsson is expected to contribute to building an ecosystem for new kinds of devices capable of connecting to 5G networks. An expanding ecosystem of new radio (NR) devices with improved capabilities will further drive the proliferation of 5G use cases. Ericsson RedCap is designed to enable wearables that are currently limited to LTE devices and will encourage more streamlined techniques for minimizing device energy consumption. Ericsson RedCap will support low-complexity devices, including augmented reality (AR) smartwatches, video surveillance devices, industrial sensors, and smart energy systems. This innovative methodology utilizes less energy than conventional LTE low categories and has already attracted interest from the wearable OEM (original equipment manufacturer) sector.
5G IoT Market Key Companies And Competitive Benchmarking
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 Analysis: Where Is Demand Growing The Fastest?
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.