5G Internet of Things (IoT) Market Size and Outlook 2031

Report Description

Forecast Period	2027-2031
Market Size (2025)	USD 5.67 Billion
CAGR (2026-2031)	51.45%
Fastest Growing Segment	Industrial Automation IoT
Largest Market	Asia Pacific
Market Size (2031)	USD 68.42 Billion

Market Overview

The Global 5G Internet of Things (IoT) Market will grow from USD 5.67 Billion in 2025 to USD 68.42 Billion by 2031 at a 51.45% CAGR. The Global 5G Internet of Things Market consists of integrating fifth generation cellular technology with connected devices to enable high speed and reliable communication across massive machine networks. Essential drivers propelling this market involve the critical need for immediate remote monitoring in healthcare sectors and the increasing necessity for instant connectivity in autonomous industrial manufacturing processes. These factors collectively push industries to adopt advanced cellular standards to enhance operational efficiency and data throughput capabilities without relying on legacy network architectures.

However, the high cost and technical complexity associated with rolling out the necessary Standalone 5G infrastructure present a substantial barrier to rapid market scalability. Furthermore, the specialized device ecosystem required for industrial implementation is still in a developmental phase which restricts choice for enterprise buyers. According to the Global mobile Suppliers Association, in 2025, there were 294 announced 5G industrial routers and modems available to support enterprise connectivity needs. This figure indicates that while the hardware foundation is growing, it remains a specific niche compared to the broader mobile device market.

Key Market Drivers

The proliferation of Industry 4.0 and smart manufacturing automation stands as a primary catalyst for the Global 5G Internet of Things (IoT) Market, driving the integration of hyper-connected sensors and autonomous robotics. Manufacturers are increasingly transitioning from legacy wiring to cellular-enabled environments to support digital twins and predictive maintenance, which require the high bandwidth and low latency that 5G provides. This shift is financially motivated by the rapid operational gains realized through modernized connectivity. According to Nokia, September 2025, in the '2025 Industrial Digitalization Report', 87% of industrial enterprises that adopted private wireless and edge solutions achieved a return on investment within just one year. Such immediate efficiency improvements are compelling hesitant sectors to accelerate their digital transformation strategies, directly fueling the uptake of industrial IoT modules.

Simultaneously, the rising deployment of private 5G networks for enterprise security is reshaping how organizations manage critical data, further stimulating market growth. Unlike public networks, private infrastructures offer dedicated bandwidth and keep sensitive operational data within a closed loop, addressing the rigorous cybersecurity mandates of energy, logistics, and defense sectors. This trend has moved beyond pilot phases into substantial commercial adoption. According to the Global mobile Suppliers Association, December 2024, in the 'Private Mobile Network Market – 3Q2024' update, the cumulative number of unique customer references for private mobile network deployments reached 1,603 globally. This expansion of dedicated infrastructure is supported by a maturing broader ecosystem; according to GSMA, in 2025, total global 5G connections reached 2 billion, creating the necessary scale to lower hardware costs for specialized IoT deployments.

Download Free Sample Report

Key Market Challenges

The high cost and technical complexity associated with deploying Standalone 5G infrastructure acts as a substantial barrier to the growth of the Global 5G IoT Market. Unlike Non-Standalone architectures that leverage existing 4G cores, Standalone 5G requires a complete overhaul of the network core to cloud-native standards. This specific infrastructure is a prerequisite for supporting network slicing and ultra-reliable low-latency communications, which are the primary features demanded by critical industrial and healthcare sectors. Without widespread access to this architecture, enterprises cannot utilize the advanced automation and remote monitoring capabilities that drive market demand.

This infrastructural bottleneck forces a slower adoption rate as operators struggle to justify the immense capital expenditure required for ubiquitous coverage. Consequently, the lack of available Standalone networks limits the addressable market for advanced IoT solutions, keeping potential buyers tethered to legacy technologies. According to the Global mobile Suppliers Association, in August 2025, only 77 operators had successfully launched public 5G Standalone networks globally. This limited deployment footprint restricts the scalability of massive machine-type communications, directly hampering the market's ability to expand beyond niche pilot programs.

Key Market Trends

The Adoption of 5G Reduced Capability (RedCap) Technology is rapidly establishing itself as a critical development for bridging the gap between high-speed 5G and low-power wide-area networks. This standard addresses the specific requirements of mid-tier IoT devices, such as wearables and industrial sensors, which do not demand the full ultra-broadband capabilities of standard 5G but require better performance than legacy low-power solutions. By significantly reducing device complexity, antenna count, and power consumption, RedCap lowers the technical barrier to entry for widespread IoT deployment. According to the Global mobile Suppliers Association, September 2025, in the '5G-RedCap September 2025 - Hot Topic' report, 34 operators in 24 countries and territories were actively investing in RedCap technology, with early commercial services already launched in key markets like the United States and China.

Simultaneously, the Emergence of 5G Non-Terrestrial Networks (NTN) for Remote Connectivity is transforming the market by integrating satellite communications directly with terrestrial 5G standards. This convergence allows unmodified IoT devices to switch seamlessly between cellular towers and satellite constellations, ensuring ubiquitous coverage for assets in maritime, agricultural, and remote logistics sectors where terrestrial infrastructure is absent. This trend is moving quickly from concept to reality, driven by the need for continuous tracking in global supply chains. According to the Global mobile Suppliers Association, September 2025, in the 'Non-Terrestrial 5G Networks and Satellite Connectivity' report, there were 170 publicly announced operator–satellite partnerships globally, with 34 operators in 25 markets having already launched commercial services to support these extended connectivity needs.

Segmental Insights

The Industrial Automation IoT segment represents the fastest-growing area within the Global 5G Internet of Things market due to the rapid adoption of Industry 4.0 practices. This growth stems from the critical necessity for low-latency connectivity to support autonomous robotics and remote machine control in complex manufacturing environments. 5G networks provide the constant and reliable data transmission required for these operations, enabling facilities to implement predictive maintenance and enhance safety protocols effectively. As manufacturers prioritize operational efficiency and reduced downtime, the deployment of 5G-enabled automation solutions continues to accelerate significantly.

Regional Insights

Asia Pacific maintains a dominant position in the Global 5G Internet of Things market due to substantial investments in telecommunications infrastructure and strong government support. Major economies such as China and South Korea actively prioritize smart city initiatives and industrial automation, creating high demand for reliable, high-speed connectivity. This leadership is reinforced by regulatory frameworks that encourage the rapid deployment of 5G networks across the region. Consequently, the integration of connected technologies across manufacturing and logistics sectors drives significant market expansion, establishing the region as a central hub for global development.

Recent Developments

In December 2025, Myriota launched HyperPulse, a commercial 5G Non-Terrestrial Network (NTN) service specifically developed for the Internet of Things. The new service utilizes satellite connectivity to provide global coverage for applications such as remote sensing, asset tracking, and environmental monitoring. It features a unique network optimization layer that allows for the dynamic adjustment of latency and data volume based on specific customer requirements. This launch addresses the demand for standards-compliant connectivity in regions without ground-based infrastructure, enabling enterprises to deploy IoT solutions with extensive reach and improved operational resilience.
In October 2025, Semtech entered into a partnership with Skylo to introduce a comprehensive device-to-cloud connectivity solution that merges terrestrial and satellite networks for the Internet of Things. This collaboration integrates the company's cellular IoT modules with a non-terrestrial network service, enabling devices to maintain communication even in remote areas lacking traditional cellular coverage. The solution is designed to support asset tracking and monitoring applications that require seamless global reach. By offering a unified connectivity platform, the companies aim to simplify the deployment of hybrid IoT networks and ensure continuous data transmission for industries operating in challenging geographic locations.
In October 2024, Nokia announced a strategic global partnership with NTT DATA to accelerate the deployment of private 5G networks for airports and smart cities. This collaboration combines the telecommunications company's private wireless 5G solutions with the IT service provider's digital transformation expertise to deliver secure, low-latency connectivity. The initiative focuses on supporting advanced applications such as artificial intelligence, edge computing, and real-time analytics in critical operational environments. The joint effort aims to enhance efficiency and safety for municipalities and businesses by providing robust network infrastructure capable of handling mission-critical Internet of Things demands.
In February 2024, Fibocom launched the FM330 series, a new 5G RedCap module integrated with the MediaTek T300 modem-RF system. Unveiled during an industry event in Barcelona, this wireless communication solution is designed to expand 5G connectivity across consumer, enterprise, and industrial IoT scenarios. The module features a compact hardware design and optimized power efficiency, making it suitable for battery-operated devices that require reliable data transmission. By supporting mainstream global 5G frequency bands and delivering significant downlink speeds, the product aims to facilitate the migration of diverse IoT applications from legacy networks to advanced 5G infrastructure.

Key Market Players

Nokia Corporation
ZTE Corporation
AT&T INC.
Huawei Technologies Co., Ltd.
Verizon Communications Inc.
Thales Group
Vodafone Group Plc.
China Mobile Limited
Microsoft Corporation
Kinetics Noise Control, Inc

By Component	By IoT Connectivity	By Network Architecture	By Vertical	By Region
Hardware Software Services	Sub-Massive IoT Broadband IoT Critical IoT Industrial Automation IoT	5G Non-Standalone 5G Standalone	Manufacturing Smart Cities Energy & Utilities Transportation & Logistics Enterprises/Corporates Healthcare Oil & Gas Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global 5G Internet of Things (IoT) Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

5G Internet of Things (IoT) Market, By Component:

Hardware
Software
Services

5G Internet of Things (IoT) Market, By IoT Connectivity:

Sub-Massive IoT
Broadband IoT
Critical IoT
Industrial Automation IoT

5G Internet of Things (IoT) Market, By Network Architecture:

5G Non-Standalone
5G Standalone

5G Internet of Things (IoT) Market, By Vertical:

Manufacturing
Smart Cities
Energy & Utilities
Transportation & Logistics
Enterprises/Corporates
Healthcare
Oil & Gas
Others

5G Internet of Things (IoT) Market, By Region:

North America

United States
Canada
Mexico

Europe

France
United Kingdom
Italy
Germany
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global 5G Internet of Things (IoT) Market.

Available Customizations:

Global 5G Internet of Things (IoT) Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global 5G Internet of Things (IoT) Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global 5G Internet of Things (IoT) Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Component (Hardware, Software, Services)

5.2.2. By IoT Connectivity (Sub-Massive IoT, Broadband IoT, Critical IoT, Industrial Automation IoT)

5.2.3. By Network Architecture (5G Non-Standalone, 5G Standalone)

5.2.4. By Vertical (Manufacturing, Smart Cities, Energy & Utilities, Transportation & Logistics, Enterprises/Corporates, Healthcare, Oil & Gas, Others)

5.2.5. By Region

5.2.6. By Company (2025)

5.3. Market Map

6. North America 5G Internet of Things (IoT) Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Component

6.2.2. By IoT Connectivity

6.2.3. By Network Architecture

6.2.4. By Vertical

6.2.5. By Country

6.3. North America: Country Analysis

6.3.1. United States 5G Internet of Things (IoT) Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Component

6.3.1.2.2. By IoT Connectivity

6.3.1.2.3. By Network Architecture

6.3.1.2.4. By Vertical

6.3.2. Canada 5G Internet of Things (IoT) Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Component

6.3.2.2.2. By IoT Connectivity

6.3.2.2.3. By Network Architecture

6.3.2.2.4. By Vertical

6.3.3. Mexico 5G Internet of Things (IoT) Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Component

6.3.3.2.2. By IoT Connectivity

6.3.3.2.3. By Network Architecture

6.3.3.2.4. By Vertical

7. Europe 5G Internet of Things (IoT) Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Component

7.2.2. By IoT Connectivity

7.2.3. By Network Architecture

7.2.4. By Vertical

7.2.5. By Country

7.3. Europe: Country Analysis

7.3.1. Germany 5G Internet of Things (IoT) Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Component

7.3.1.2.2. By IoT Connectivity

7.3.1.2.3. By Network Architecture

7.3.1.2.4. By Vertical

7.3.2. France 5G Internet of Things (IoT) Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Component

7.3.2.2.2. By IoT Connectivity

7.3.2.2.3. By Network Architecture

7.3.2.2.4. By Vertical

7.3.3. United Kingdom 5G Internet of Things (IoT) Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Component

7.3.3.2.2. By IoT Connectivity

7.3.3.2.3. By Network Architecture

7.3.3.2.4. By Vertical

7.3.4. Italy 5G Internet of Things (IoT) Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Component

7.3.4.2.2. By IoT Connectivity

7.3.4.2.3. By Network Architecture

7.3.4.2.4. By Vertical

7.3.5. Spain 5G Internet of Things (IoT) Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Component

7.3.5.2.2. By IoT Connectivity

7.3.5.2.3. By Network Architecture

7.3.5.2.4. By Vertical

8. Asia Pacific 5G Internet of Things (IoT) Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Component

8.2.2. By IoT Connectivity

8.2.3. By Network Architecture

8.2.4. By Vertical

8.2.5. By Country

8.3. Asia Pacific: Country Analysis

8.3.1. China 5G Internet of Things (IoT) Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Component

8.3.1.2.2. By IoT Connectivity

8.3.1.2.3. By Network Architecture

8.3.1.2.4. By Vertical

8.3.2. India 5G Internet of Things (IoT) Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Component

8.3.2.2.2. By IoT Connectivity

8.3.2.2.3. By Network Architecture

8.3.2.2.4. By Vertical

8.3.3. Japan 5G Internet of Things (IoT) Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Component

8.3.3.2.2. By IoT Connectivity

8.3.3.2.3. By Network Architecture

8.3.3.2.4. By Vertical

8.3.4. South Korea 5G Internet of Things (IoT) Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Component

8.3.4.2.2. By IoT Connectivity

8.3.4.2.3. By Network Architecture

8.3.4.2.4. By Vertical

8.3.5. Australia 5G Internet of Things (IoT) Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Component

8.3.5.2.2. By IoT Connectivity

8.3.5.2.3. By Network Architecture

8.3.5.2.4. By Vertical

9. Middle East & Africa 5G Internet of Things (IoT) Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Component

9.2.2. By IoT Connectivity

9.2.3. By Network Architecture

9.2.4. By Vertical

9.2.5. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia 5G Internet of Things (IoT) Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Component

9.3.1.2.2. By IoT Connectivity

9.3.1.2.3. By Network Architecture

9.3.1.2.4. By Vertical

9.3.2. UAE 5G Internet of Things (IoT) Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Component

9.3.2.2.2. By IoT Connectivity

9.3.2.2.3. By Network Architecture

9.3.2.2.4. By Vertical

9.3.3. South Africa 5G Internet of Things (IoT) Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Component

9.3.3.2.2. By IoT Connectivity

9.3.3.2.3. By Network Architecture

9.3.3.2.4. By Vertical

10. South America 5G Internet of Things (IoT) Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Component

10.2.2. By IoT Connectivity

10.2.3. By Network Architecture

10.2.4. By Vertical

10.2.5. By Country

10.3. South America: Country Analysis

10.3.1. Brazil 5G Internet of Things (IoT) Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Component

10.3.1.2.2. By IoT Connectivity

10.3.1.2.3. By Network Architecture

10.3.1.2.4. By Vertical

10.3.2. Colombia 5G Internet of Things (IoT) Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Component

10.3.2.2.2. By IoT Connectivity

10.3.2.2.3. By Network Architecture

10.3.2.2.4. By Vertical

10.3.3. Argentina 5G Internet of Things (IoT) Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Component

10.3.3.2.2. By IoT Connectivity

10.3.3.2.3. By Network Architecture

10.3.3.2.4. By Vertical

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global 5G Internet of Things (IoT) Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Nokia Corporation

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. ZTE Corporation

15.3. AT&T INC.

15.4. Huawei Technologies Co., Ltd.

15.5. Verizon Communications Inc.

15.6. Thales Group

15.7. Vodafone Group Plc.

15.8. China Mobile Limited

15.9. Microsoft Corporation

15.10. Kinetics Noise Control, Inc

16. Strategic Recommendations

17. About Us & Disclaimer

Report Description

Table of content

Figures and Tables

Frequently asked questions

What was the market size of the Global 5G Internet of Things (IoT) Market in 2025?

Which is the dominating region in the Global 5G Internet of Things (IoT) Market?

Which is the fastest growing segment in the Global 5G Internet of Things (IoT) Market?

What is the expected growth rate of the Global 5G Internet of Things (IoT) Market?