Market revenue in 2024 | USD 2,007.0 million |
Market revenue in 2030 | USD 23,542.3 million |
Growth rate | 50.7% (CAGR from 2025 to 2030) |
Historical data covered | 2020 - 2023 |
Base year for estimation | 2024 |
Forecast period covered | 2025 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | |
Key market players worldwide | Nokia Oyj, Telefonaktiebolaget L M Ericsson ADR, ZTE Corp Class H, AT&T, Huawei Technologies, Verizon Communications Inc, Thales Group, Vodafone Group PLC, China Mobile, Microsoft Corp |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to 5g internet of things (iot) market will help companies and investors design strategic landscapes.
Europe was identified as one of the key regions of the global 5G Internet of Things market in 2024. This is attributed to the rapid pace of digital transformation in the region and the growing inclination of multiple industries towards embracing large-scale automation, as well as IoT-enabled technology solutions for improved processes and performances.
Numerous manufacturers, especially from sectors such as automotive, personal care, chemical, paints and coatings, consumer goods, and others, are expected to drive growing demand for IoT enabled solutions over the forecast period.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe 5g internet of things (iot) market , including forecasts for subscribers. This continent databook contains high-level insights into Europe 5g internet of things (iot) market from 2020 to 2030, including revenue numbers, major trends, and company profiles.
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