• Cat-intel
  • MedIntelliX
  • Resources
  • About Us
  • Request Free Sample ×

    Kindly complete the form below to receive a free sample of this Report

    Leading companies partner with us for data-driven Insights

    clients tt-cursor

    5G Industrial IoT Market

    ID: MRFR/ICT/9079-HCR
    99 Pages
    Shubham Munde
    September 2025

    5G Industrial IoT Market Research Report Information By Component (Hardware, Solution, and Service [Professional and Managed]), By Organization Size (Large Enterprise and Small & Medium Enterprise), By Application (Predictive Maintenance, Business Process Optimization, Asset Tracking & Management, Logistics & Supply Chain Management, Real-time Workforce Tracking & Management, Automation Control & Management and Emergency) And By Region –Market Forecast Till 2032.

    Share:
    Download PDF ×

    We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

    5G Industrial IoT Market Infographic
    Purchase Options
    $ 4,950.0
    $ 5,950.0
    $ 7,250.0

    5G Industrial IoT Market Summary

    As per Market Research Future Analysis, the 5G Industrial IoT Market is set to experience significant growth, expanding from USD 476.90 billion in 2024 to USD 701.61 billion by 2032, with a CAGR of 4.49% during the forecast period. The market was valued at USD 451.32 billion in 2023. Key drivers include increased productivity in manufacturing and enhanced network security. However, high infrastructure costs pose challenges to growth.

    Key Market Trends & Highlights

    The 5G Industrial IoT market is characterized by several key trends.

    • 5G technology offers latency 50,000 times better than 4G, enhancing data transmission efficiency.
    • Private 5G networks are emerging as a critical solution for industrial IoT, providing reliability and low latency.
    • North America is projected to dominate the market due to its advanced internet infrastructure.
    • The Asia-Pacific region is expected to grow at the fastest CAGR from 2023 to 2032.

    Market Size & Forecast

    2024 Market Size USD 476.90 Billion
    2032 Market Size USD 701.61 Billion
    CAGR 4.49%

    Major Players

    Key players include Qualcomm Technologies Inc., Cisco Systems Inc., AT&T, IBM Corporation, Microsoft, Verizon, and T-Mobile USA INC.

    5G Industrial IoT Market Trends

    Growing Ultra-high dependability is driving the 5G Industrial IoT market growth

    Market CAGR for 5G industrial IoT is being driven by the rising high dependability and low latency. The term "latency" refers to the delay experienced by both parties during data transmission. Transferring massive amounts of data is far more efficient with less lag time. 5G has a latency that is 50,000 times better than 4G. Manufacturing IoT applications will drive demand for 5G services due to the IoT ecosystem's high bandwidth and low latency requirements. Industrial monitoring of plants and machinery necessitates robust, reliable, secure, and quick links for capturing and processing data.

    Connectivity is crucial in the age of Industry 4.0.

    As consumer demand for high-quality goods rises, the industrial IoT industry has become increasingly sizable and dynamic. Many groups are working with major industrial conglomerates to develop private 5G network technology to back up the industrial IoT. Private 5G networks provide all the requirements for industrial IoT, including dependability, low latency, security, and a full complement of capabilities. There is a significant possibility for the 5G industrial IoT industry's expansion in developing private network technologies for 5G.

    For instance, BT and Telefonaktiebolaget, the collaboration between LM and Ericsson, will provide a cloud-native, dual-mode 5G core. For both its standalone and non-standalone 4G and 5G services, Telefonaktiebolaget LM Ericsson will be deploying cloud-native, Mobile Packet core, container-based solutions. BT's Cloud will host these 5G services. By working together, BT will better serve its customers' growing mobile broadband needs while investigating new use cases with its enterprise and industrial partners. Thus, driving Factor the 5G industrial IoT market revenue.

    The integration of 5G technology into industrial IoT applications is poised to enhance operational efficiency and drive innovation across various sectors, facilitating real-time data exchange and automation.

    U.S. Department of Commerce

    5G Industrial IoT Market Drivers

    Emergence of Smart Cities

    The emergence of smart cities is a key driver of the Global 5G Industrial IoT Market Industry. Urban areas are increasingly leveraging 5G technology to enhance infrastructure, improve public services, and promote sustainability. Smart city initiatives often involve the deployment of IoT devices for traffic management, waste management, and energy efficiency. The integration of 5G networks enables these devices to communicate effectively, leading to improved urban living conditions. As cities worldwide invest in smart technologies, the demand for 5G-enabled solutions is likely to surge, further propelling the market's growth in the coming years.

    Market Growth Projections

    The Global 5G Industrial IoT Market Industry is projected to experience substantial growth over the next decade. With a market value of 476.9 USD Billion anticipated in 2024, the industry is set to expand significantly, reaching an estimated 800.4 USD Billion by 2035. This growth trajectory indicates a robust demand for 5G solutions across various industrial applications. The compound annual growth rate of 4.82% from 2025 to 2035 underscores the increasing adoption of 5G technologies in sectors such as manufacturing, logistics, and healthcare. As industries continue to embrace digital transformation, the market is poised for remarkable advancements.

    Growing Demand for Automation

    The Global 5G Industrial IoT Market Industry is significantly influenced by the increasing demand for automation across various sectors. Industries are progressively adopting automated solutions to enhance operational efficiency, reduce labor costs, and improve safety. The integration of 5G technology facilitates seamless communication between automated systems, enabling real-time data exchange and control. For instance, in manufacturing, automated assembly lines benefit from the low latency and high reliability of 5G networks. This trend is expected to drive substantial growth in the market, as organizations recognize the potential of automation to transform their operations and achieve competitive advantages.

    Government Initiatives and Support

    Government initiatives play a pivotal role in shaping the Global 5G Industrial IoT Market Industry. Various countries are investing in infrastructure development and regulatory frameworks to promote the adoption of 5G technologies. For example, initiatives aimed at enhancing digital infrastructure and providing incentives for businesses to transition to 5G are becoming more prevalent. These efforts not only stimulate economic growth but also encourage innovation within the industrial sector. As a result, the market is likely to experience a compound annual growth rate of 4.82% from 2025 to 2035, reflecting the positive impact of government support on the industry's expansion.

    Increased Connectivity Requirements

    The Global 5G Industrial IoT Market Industry is driven by the escalating demand for enhanced connectivity across various sectors. Industries such as manufacturing, logistics, and energy increasingly rely on real-time data exchange and communication between devices. The advent of 5G technology facilitates ultra-reliable low-latency communication, which is crucial for applications like autonomous vehicles and smart factories. As organizations seek to optimize operations and improve efficiency, the need for robust connectivity solutions becomes paramount. This trend is reflected in the projected market value of 476.9 USD Billion in 2024, indicating a strong shift towards interconnected industrial ecosystems.

    Enhanced Data Processing Capabilities

    The Global 5G Industrial IoT Market Industry benefits from the advanced data processing capabilities that 5G technology offers. With its ability to handle massive amounts of data at high speeds, 5G enables industries to implement sophisticated analytics and machine learning algorithms. This capability allows for predictive maintenance, real-time monitoring, and improved decision-making processes. For instance, manufacturers can analyze equipment performance data instantaneously, reducing downtime and enhancing productivity. As industries increasingly adopt these technologies, the market is expected to grow significantly, with a forecasted value of 800.4 USD Billion by 2035, highlighting the importance of data-driven strategies.

    Market Segment Insights

    5G Industrial IoT Component Insights

    The 5G industrial IoT market segmentation, based on component includes hardware, solution and service [Professional and Managed]. The Hardware industry is the market's most important subsector. The 5G IoT module has emerged as a pivotal component in the growing Hardware subsegment of the 5G Industrial IoT Market. Providers of both components and modules are investing in research and development, with the latter also considering the chipsets for specific applications during assembly. Providers are looking for a number of developments in addition to generating 5G modules, such as adjustments that decrease gadget size and strategies for the reconciliation with other modules.

    5G Industrial IoT Organization Size Insights

    The 5G industrial IoT market segmentation, based on organization size, includes Large Enterprise and Small & Medium Enterprise. Large enterprise has become more important for multinational corporations to deploy 5G industrial IoT solutions and services to manage their vast array of resources worldwide effectively. Major corporations are more likely to use 5G industrial IoT solutions and services than SMEs.

    Figure 2: 5G Industrial IoT Market, by organization size, 2022 & 2032 (USD billion)

    Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

    5G Industrial IoT Application Insights

    The 5G industrial IoT market segmentation, based on application, includes Predictive Maintenance, Business Process Optimization, Asset Tracking & Management, Logistics & Supply Chain Management, Real-time Workforce Tracking & Management, Automation Control & Management and Emergency, and Incident Management & Business Communication. Production projects can streamline their cycles with the help of real-time workforce tracking and management software by better identifying, communicating with, and approving employees and managing and interacting with their workforce in real-time. Introducing 5G technology might drastically alter how businesses manage their employees.

    Get more detailed insights about 5G Industrial IoT Market Research Report - Global Forecast till 2032

    Regional Insights

    By Region, the study provides the market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American industrial IoT market will dominate this market, owing to the need for highly connected internet infrastructure, which has pushed the adoption of 5G IoT across several industries. In addition, the growing number of 5G facilities will boost the market growth in this Region.

    Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

    Figure 3: INDUSTRIAL IoT MARKET SHARE BY REGION 2022 (%)

     INDUSTRIAL IoT MARKET SHARE BY REGION 2022

    Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

    Europe’s 5G industrial IoT market accounts for the second-largest market share better networking in the manufacturing sector. Further, the German 5G industrial IoT market held the largest market share, and the UK 5G industrial IoT market was the fastest growing market in the European region.

    The Asia-Pacific 5G industrial IoT Market is expected to grow at the fastest CAGR from 2023 to 2032. It is because Industry 4.0 has been adopted to a greater extent in regions with fast economic growth. As a result, numerous manufacturing sectors have started using 5G IoT to meet the rising demand for highly connected internet infrastructure and rising per capita disposable income. Moreover, China’s 5G industrial IoT market held the largest market share, and the Indian 5G industrial IoT market was the fastest growing market in the Asia-Pacific region.

    For instance, Asia- Pacific is actively pursuing Wi-Fi 6. Connected automobiles using Wi-Fi 6 and 5G on the IoT will see greater uptake, and cellular IoT products will be adopted in the utilities and transportation sectors.

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development in order to expand their product lines, which will help the 5G industrial IoT market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, 5G industrial IoT industry must offer cost-effective items.

    Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the 5G industrial IoT industry to benefit clients and increase the market sector. In recent years, the 5G industrial IoT industry has offered some of the most significant technology. Major players in the 5G industrial IoT market, including Qualcomm Technologies Inc. (US), Cisco Systems Inc. (US), AT&T (US), IBM Corporation (US), Microsoft (US), Verizon (US), and T-Mobile USA INC (US), and others, are attempting to increase market demand by investing in research and development operations.

    Leading market players are investing heavily in research and development to expand their product lines, which will help the 5G industrial IoT market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the 5G industrial IoT industry must offer cost-effective items.

    Manufacturing locally to minimize operational costs is one of the key business tactics manufacturer use in the 5G industrial IoT industry to benefit clients and increase the market sector. The 5G industrial IoT industry has offered some of the most significant technology in recent years. Major players in the 5G industrial IoT market, including Qualcomm Technologies Inc. (US), Cisco Systems Inc. (US), AT&T (US), IBM Corporation (US), Microsoft (US), Verizon (US), and T-Mobile USA INC (US), and others, are attempting to increase market demand by investing in research and development operations.

    Qualcomm was founded by Irwin M. Jacobs and six others in 1985. They sold a two-way mobile digital satellite communications system called Omnitracs to finance their early CDMA wireless cell phone development. Qualcomm is a Delaware-based American multinational corporation with headquarters in San Diego. Qualcomm is making it possible for the entire planet to be intelligently interconnected. Every day, you use products and technologies made possible by Qualcomm, from 5G-enabled smartphones that double as professional-grade cameras and gaming devices to smarter vehicles and cities to the technology powering the smart, connected factories that built your most recent purchase.

    In September 2019, Qualcomm's Snapdragon 5G Modem-RF System was a commercial chipset solution that combines a modem, RF transceiver, and RF front end. The company's solution enables original equipment manufacturers (OEMs) to create state-of-the-art 5G devices rapidly.

    IBM is the world's largest provider of hybrid cloud services, artificial intelligence (AI), and business services, enabling clients in more than 175 countries to gain a competitive advantage via the intelligent use of data. Nearly 3,800 public and private organizations in industries as varied as finance, telecommunications, and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to implement digital transformations in a way that is both rapid and safe. Our clients have access to a wide range of options thanks to IBM's ground-breaking advancements in artificial intelligence (AI), quantum computing, industry-specific cloud solutions, and business services.

    In February 2023, BosonQ Psi (BQP) enrolled in the IBM Quantum Network startup program to develop quantum algorithms for use in engineering simulations on quantum systems through experimentation and development. They are working in tandem with well-respected academics, government labs, and commercial enterprises.

    Key Companies in the 5G Industrial IoT Market market include

    Industry Developments

    • Q2 2024: Ericsson and ABB partner to deploy 5G-enabled industrial automation solutions Ericsson and ABB announced a strategic partnership to integrate 5G connectivity into ABB’s industrial automation platforms, aiming to accelerate the adoption of 5G Industrial IoT in manufacturing environments.
    • Q2 2024: Siemens launches 5G industrial router for smart factories Siemens unveiled a new 5G industrial router designed for real-time data transmission in smart factories, enabling advanced automation and remote monitoring capabilities for industrial customers.
    • Q2 2024: Nokia wins contract to deploy private 5G network for BASF’s chemical plant Nokia announced it has been selected by BASF to deploy a private 5G network at its Ludwigshafen chemical plant, supporting Industrial IoT applications such as predictive maintenance and autonomous vehicles.
    • Q3 2024: Honeywell acquires 5G IoT startup SineWave for $120 million Honeywell completed the acquisition of SineWave, a startup specializing in 5G-enabled industrial IoT sensors, to strengthen its portfolio in connected manufacturing solutions.
    • Q3 2024: 5G IoT platform provider EdgeQ raises $75M Series C to expand industrial deployments EdgeQ, a provider of 5G chipsets and edge computing platforms for industrial IoT, secured $75 million in Series C funding to accelerate the rollout of its solutions in manufacturing and logistics sectors.
    • Q3 2024: Samsung and Schneider Electric collaborate on 5G-powered smart factory pilot Samsung and Schneider Electric announced a collaboration to pilot 5G-powered smart factory solutions at Schneider’s Lexington facility, focusing on real-time monitoring and predictive maintenance.
    • Q4 2024: China Mobile and Huawei launch 5G industrial IoT lab in Shanghai China Mobile and Huawei opened a joint 5G industrial IoT laboratory in Shanghai to develop and test new 5G-enabled industrial applications for manufacturing and logistics.
    • Q4 2024: Rockwell Automation unveils 5G-enabled industrial control system Rockwell Automation introduced a new industrial control system with integrated 5G connectivity, targeting manufacturers seeking to modernize their operations with real-time data and remote management.
    • Q1 2025: Siemens opens 5G-enabled digital factory in Germany Siemens inaugurated a new digital factory in Amberg, Germany, fully equipped with private 5G networks to support advanced industrial IoT applications and autonomous production lines.
    • Q1 2025: Bosch secures major contract to supply 5G IoT sensors to European automaker Bosch announced it has won a multi-year contract to supply 5G-enabled IoT sensors for a leading European automaker’s smart manufacturing plants.
    • Q2 2025: AT&T and General Electric sign deal to deploy 5G IoT solutions in U.S. factories AT&T and General Electric entered into a multi-year agreement to deploy 5G-powered IoT solutions across GE’s U.S. manufacturing facilities, aiming to boost efficiency and enable predictive analytics.
    • Q2 2025: Nokia launches 5G private wireless solution for industrial IoT in North America Nokia announced the commercial launch of its 5G private wireless solution tailored for industrial IoT customers in North America, supporting applications in manufacturing, energy, and logistics.

    Future Outlook

    5G Industrial IoT Market Future Outlook

    The 5G Industrial IoT Market is projected to grow at 4.82% CAGR from 2024 to 2035, driven by advancements in automation, data analytics, and connectivity solutions.

    New opportunities lie in:

    • Develop tailored 5G solutions for smart factories to enhance operational efficiency.
    • Invest in cybersecurity measures to protect IoT devices and networks.
    • Create partnerships with telecom providers to expand 5G infrastructure in industrial sectors.

    By 2035, the 5G Industrial IoT Market is expected to achieve substantial growth, transforming industrial operations globally.

    Market Segmentation

    5G Industrial IoT Regional Outlook

    • US
    • Canada

    5G Industrial IoT Component Outlook

    • Professional
    • Managed

    5G Industrial IoT Application Outlook

    • Predictive Maintenance
    • Business Process Optimization
    • Asset Tracking & Management
    • Logistics & Supply Chain Management
    • Real-time Workforce Tracking & Management
    • Automation Control & Management And Emergency
    • Incident Management & Business Communication

    5G Industrial IoT Organization Size Outlook

    • Large Enterprise
    • Small & Medium Enterprise

    Report Scope

    Report Attribute/Metric Details
    Market Size 2023 USD 451.32 billion
    Market Size 2024 USD 476.90 billion
    Market Size 2032 USD 701.61 billion
    Compound Annual Growth Rate (CAGR) 4.94% (2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2019- 2021
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Component, Organization Size, Application, and Region
    Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
    Countries Covered The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled Qualcomm Technologies Inc. (US), Cisco Systems Inc. (US), AT&T (US), IBM Corporation (US), Microsoft (US), Verizon (US), and T-Mobile USA INC (US).
    Key Market Opportunities Increased interest in establishing a private 5G network in the manufacturing sector
    Key Market Dynamics Increasing need for high speed and dependability

    Market Highlights

    Author
    Shubham Munde
    Research Analyst Level II

    With a technical background in information technology & semiconductors, Shubham has 4.5+ years of experience in market research and analytics with the tasks of data mining, analysis, and project execution. He is the POC for our clients, for their consulting projects running under the ICT/Semiconductor domain. Shubham holds a Bachelor’s in Information and Technology and a Master of Business Administration (MBA). Shubham has executed over 150 research projects for our clients under the brand name Market Research Future in the last 2 years. His core skill is building the research respondent relation for gathering the primary information from industry and market estimation for niche markets. He is having expertise in conducting secondary & primary research, market estimations, market projections, competitive analysis, analysing current market trends and market dynamics, deep-dive analysis on market scenarios, consumer behaviour, technological impact analysis, consulting, analytics, etc. He has worked on fortune 500 companies' syndicate and consulting projects along with several government projects. He has worked on the projects of top tech brands such as IBM, Google, Microsoft, AWS, Meta, Oracle, Cisco Systems, Samsung, Accenture, VMware, Schneider Electric, Dell, HP, Ericsson, and so many others. He has worked on Metaverse, Web 3.0, Zero-Trust security, cyber-security, blockchain, quantum computing, robotics, 5G technology, High-Performance computing, data centers, AI, automation, IT equipment, sensors, semiconductors, consumer electronics and so many tech domain projects.

    Leave a Comment

    FAQs

    How much is the 5G industrial IoT market?

    The 5G industrial IoT market size was valued at USD 451.32 Billion in 2023.

    What is the growth rate of the 5G industrial IoT market?

    The market is projected to grow at a CAGR of 4.94% during the forecast period, 2024-2032.

    Which region held the largest market share in the 5G industrial IoT market?

    North America had the largest share of the market.

    Who are the key players in the 5G industrial IoT market?

    The key players in the market are Qualcomm Technologies Inc. (US), Cisco Systems Inc. (US), AT&T (US), IBM Corporation (US), Microsoft (US), Verizon (US), and T-Mobile USA INC (US).

    Which component type led the 5G industrial IoT market?

    The hardware category dominated the market in 2023.

    Which application had the largest market share in the 5G industrial IoT market?

    Asset tracking & management had the largest share in the market.

    5G Industrial IoT Market Research Report - Global Forecast till 2032 Infographic
    Free Sample Request

    Kindly complete the form below to receive a free sample of this Report

    Customer Stories

    “I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

    Victoria Milne Founder
    Case Study
    Chemicals and Materials