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PUBLISHER: KBV Research | PRODUCT CODE: 1575640
PUBLISHER: KBV Research | PRODUCT CODE: 1575640
North America 5G Internet of Things Market Size, Share & Trends Analysis Report By Offering, By Enterprise Size (Large Enterprises and Small & Medium Enterprises), By Network Type, By End User, By Country and Growth Forecast, 2024 - 2031
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The North America 5G Internet of Things Market would witness market growth of 68.3% CAGR during the forecast period (2024-2031).
The US market dominated the North America 5G Internet of Things Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $104,773.7 million by 2031. The Canada market is experiencing a CAGR of 70.3% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 70% during (2024 - 2031).
Industrial 5G technology is poised to facilitate various applications that enhance operational efficiency and drive innovation. Industrial 5G enables the creation of digital twins-virtual replicas of physical assets or processes. Organizations can simulate performance, test scenarios, and optimize operations by connecting real-time data from sensors to digital models. Digital twins facilitate predictive analytics, allowing companies to foresee potential failures and optimize maintenance schedules, significantly enhancing operational efficiency.
Also, industrial 5G can revolutionize warehousing by enabling real-time inventory tracking and automated systems for sorting and packing. Using autonomous vehicles, drones, and robotic systems within smart warehouses optimizes space utilization and significantly reduces order processing times. Field service technicians can use Industrial 5G to access real-time data, videos, and remote assistance tools while working in the field.
The increasing adoption of connected devices across residential, commercial, and industrial sectors drives the rising demand for 5G IoT in Mexico. Through its "Programa de Conectividad Digital," the Mexican government aims to expand internet coverage and promote adopting IoT solutions, particularly in underserved regions. The introduction of 5G allows for enhanced connectivity for smart appliances, security systems, and wearable devices, making it easier for households and businesses to embrace digital transformation. Hence, the region will present lucrative growth opportunities for the market throughout the forecast period.
Based on Offering, the market is segmented into Solutions (Hardware and Software & Platform) and Services. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Network Type, the market is segmented into 5G Non-Standalone and 5G Standalone. Based on End User, the market is segmented into Manufacturing, Energy & Utilities, Transportation & Logistics, Healthcare, Agriculture, Government & Public Safety, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Nokia Corporation
- Ericsson AB
- ZTE Corporation
- IBM Corporation
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Verizon Communications, Inc.
- Microsoft Corporation
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Siemens AG
- Thales Group S.A.
North America 5G Internet of Things Market Report Segmentation
By Offering
- Solutions
- Hardware
- Software & Platform
- Services
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By Network Type
- 5G Non-Standalone
- 5G Standalone
By End User
- Manufacturing
- Energy & Utilities
- Transportation & Logistics
- Healthcare
- Agriculture
- Government & Public Safety
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America 5G Internet of Things Market, by Offering
- 1.4.2 North America 5G Internet of Things Market, by Enterprise Size
- 1.4.3 North America 5G Internet of Things Market, by Network Type
- 1.4.4 North America 5G Internet of Things Market, by End User
- 1.4.5 North America 5G Internet of Things Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Jul - 2024, Sep) Leading Players
- 4.5 Porter Five Forces Analysis
Chapter 5. North America 5G Internet of Things Market by Offering
- 5.1 North America Solutions Market by Region
- 5.2 North America 5G Internet of Things Market by Solutions Type
- 5.2.1 North America Hardware Market by Region
- 5.2.2 North America Software & Platform Market by Region
- 5.3 North America Services Market by Region
Chapter 6. North America 5G Internet of Things Market by Enterprise Size
- 6.1 North America Large Enterprises Market by Country
- 6.2 North America Small & Medium Enterprises Market by Country
Chapter 7. North America 5G Internet of Things Market by Network Type
- 7.1 North America 5G Non-Standalone Market by Country
- 7.2 North America 5G Standalone Market by Country
Chapter 8. North America 5G Internet of Things Market by End User
- 8.1 North America Manufacturing Market by Country
- 8.2 North America Energy & Utilities Market by Country
- 8.3 North America Transportation & Logistics Market by Country
- 8.4 North America Healthcare Market by Country
- 8.5 North America Agriculture Market by Country
- 8.6 North America Government & Public Safety Market by Country
- 8.7 North America Others Market by Country
Chapter 9. North America 5G Internet of Things Market by Country
- 9.1 US 5G Internet of Things Market
- 9.1.1 US 5G Internet of Things Market by Offering
- 9.1.1.1 US 5G Internet of Things Market by Solutions Type
- 9.1.2 US 5G Internet of Things Market by Enterprise Size
- 9.1.3 US 5G Internet of Things Market by Network Type
- 9.1.4 US 5G Internet of Things Market by End User
- 9.1.1 US 5G Internet of Things Market by Offering
- 9.2 Canada 5G Internet of Things Market
- 9.2.1 Canada 5G Internet of Things Market by Offering
- 9.2.1.1 Canada 5G Internet of Things Market by Solutions Type
- 9.2.2 Canada 5G Internet of Things Market by Enterprise Size
- 9.2.3 Canada 5G Internet of Things Market by Network Type
- 9.2.4 Canada 5G Internet of Things Market by End User
- 9.2.1 Canada 5G Internet of Things Market by Offering
- 9.3 Mexico 5G Internet of Things Market
- 9.3.1 Mexico 5G Internet of Things Market by Offering
- 9.3.1.1 Mexico 5G Internet of Things Market by Solutions Type
- 9.3.2 Mexico 5G Internet of Things Market by Enterprise Size
- 9.3.3 Mexico 5G Internet of Things Market by Network Type
- 9.3.4 Mexico 5G Internet of Things Market by End User
- 9.3.1 Mexico 5G Internet of Things Market by Offering
- 9.4 Rest of North America 5G Internet of Things Market
- 9.4.1 Rest of North America 5G Internet of Things Market by Offering
- 9.4.1.1 Rest of North America 5G Internet of Things Market by Solutions Type
- 9.4.2 Rest of North America 5G Internet of Things Market by Enterprise Size
- 9.4.3 Rest of North America 5G Internet of Things Market by Network Type
- 9.4.4 Rest of North America 5G Internet of Things Market by End User
- 9.4.1 Rest of North America 5G Internet of Things Market by Offering
Chapter 10. Company Profiles
- 10.1 Ericsson AB
- 10.1.1 Company Overview
- 10.1.2 Financial Analysis
- 10.1.3 Segmental and Regional Analysis
- 10.1.4 Research & Development Expense
- 10.1.5 Recent strategies and developments:
- 10.1.5.1 Partnerships, Collaborations, and Agreements:
- 10.1.5.2 Product Launches and Product Expansions:
- 10.1.6 SWOT Analysis
- 10.2 Nokia Corporation
- 10.2.1 Company Overview
- 10.2.2 Financial Analysis
- 10.2.3 Segmental and Regional Analysis
- 10.2.4 Research & Development Expense
- 10.2.5 Recent strategies and developments:
- 10.2.5.1 Partnerships, Collaborations, and Agreements:
- 10.2.6 SWOT Analysis
- 10.3 ZTE Corporation
- 10.3.1 Company Overview
- 10.3.2 Financial Analysis
- 10.3.3 Segmental and Regional Analysis
- 10.3.4 Research & Development Expenses
- 10.3.5 Recent strategies and developments:
- 10.3.5.1 Partnerships, Collaborations, and Agreements:
- 10.3.6 SWOT Analysis
- 10.4 IBM Corporation
- 10.4.1 Company Overview
- 10.4.2 Financial Analysis
- 10.4.3 Regional & Segmental Analysis
- 10.4.4 Research & Development Expenses
- 10.4.5 Recent strategies and developments:
- 10.4.5.1 Partnerships, Collaborations, and Agreements:
- 10.4.5.2 Acquisition and Mergers:
- 10.4.6 SWOT Analysis
- 10.5 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- 10.5.1 Company Overview
- 10.5.2 Financial Analysis
- 10.5.3 Segmental and Regional Analysis
- 10.5.4 Research & Development Expenses
- 10.5.5 Recent strategies and developments:
- 10.5.5.1 Product Launches and Product Expansions:
- 10.5.6 SWOT Analysis
- 10.6 Verizon Communications, Inc.
- 10.6.1 Company Overview
- 10.6.2 Financial Analysis
- 10.6.3 Segmental Analysis
- 10.6.4 Recent strategies and developments:
- 10.6.4.1 Product Launches and Product Expansions:
- 10.6.4.2 Acquisition and Mergers:
- 10.6.5 SWOT Analysis
- 10.7 Microsoft Corporation
- 10.7.1 Company Overview
- 10.7.2 Financial Analysis
- 10.7.3 Segmental and Regional Analysis
- 10.7.4 Research & Development Expenses
- 10.7.5 Recent strategies and developments:
- 10.7.5.1 Partnerships, Collaborations, and Agreements:
- 10.7.5.2 Product Launches and Product Expansions:
- 10.7.6 SWOT Analysis
- 10.8 Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- 10.8.1 Company Overview
- 10.8.2 Financial Analysis
- 10.8.3 Segmental and Regional Analysis
- 10.8.4 Research & Development Expense
- 10.8.5 Recent strategies and developments:
- 10.8.5.1 Product Launches and Product Expansions:
- 10.8.5.2 Acquisition and Mergers:
- 10.8.6 SWOT Analysis
- 10.9 Siemens AG
- 10.9.1 Company Overview
- 10.9.2 Financial Analysis
- 10.9.3 Segmental and Regional Analysis
- 10.9.4 Research & Development Expense
- 10.9.5 Recent strategies and developments:
- 10.9.5.1 Partnerships, Collaborations, and Agreements:
- 10.9.5.2 Product Launches and Product Expansions:
- 10.9.5.3 Acquisition and Mergers:
- 10.9.6 SWOT Analysis
- 10.10. Thales Group S.A.
- 10.10.1 Company Overview
- 10.10.2 Financial Analysis
- 10.10.3 Segmental and Regional Analysis
- 10.10.4 Research & Development Expenses
- 10.10.5 SWOT Analysis
LIST OF TABLES
- TABLE 1 North America 5G Internet of Things Market, 2020 - 2023, USD Million
- TABLE 2 North America 5G Internet of Things Market, 2024 - 2031, USD Million
- TABLE 3 Partnerships, Collaborations and Agreements- 5G Internet of Things Market
- TABLE 4 Product Launches And Product Expansions- 5G Internet of Things Market
- TABLE 5 Acquisition and Mergers- 5G Internet of Things Market
- TABLE 6 North America 5G Internet of Things Market by Offering, 2020 - 2023, USD Million
- TABLE 7 North America 5G Internet of Things Market by Offering, 2024 - 2031, USD Million
- TABLE 8 North America Solutions Market by Region, 2020 - 2023, USD Million
- TABLE 9 North America Solutions Market by Region, 2024 - 2031, USD Million
- TABLE 10 North America 5G Internet of Things Market by Solutions Type, 2020 - 2023, USD Million
- TABLE 11 North America 5G Internet of Things Market by Solutions Type, 2024 - 2031, USD Million
- TABLE 12 North America Hardware Market by Region, 2020 - 2023, USD Million
- TABLE 13 North America Hardware Market by Region, 2024 - 2031, USD Million
- TABLE 14 North America Software & Platform Market by Region, 2020 - 2023, USD Million
- TABLE 15 North America Software & Platform Market by Region, 2024 - 2031, USD Million
- TABLE 16 North America Services Market by Region, 2020 - 2023, USD Million
- TABLE 17 North America Services Market by Region, 2024 - 2031, USD Million
- TABLE 18 North America 5G Internet of Things Market by Enterprise Size, 2020 - 2023, USD Million
- TABLE 19 North America 5G Internet of Things Market by Enterprise Size, 2024 - 2031, USD Million
- TABLE 20 North America Large Enterprises Market by Country, 2020 - 2023, USD Million
- TABLE 21 North America Large Enterprises Market by Country, 2024 - 2031, USD Million
- TABLE 22 North America Small & Medium Enterprises Market by Country, 2020 - 2023, USD Million
- TABLE 23 North America Small & Medium Enterprises Market by Country, 2024 - 2031, USD Million
- TABLE 24 North America 5G Internet of Things Market by Network Type, 2020 - 2023, USD Million
- TABLE 25 North America 5G Internet of Things Market by Network Type, 2024 - 2031, USD Million
- TABLE 26 North America 5G Non-Standalone Market by Country, 2020 - 2023, USD Million
- TABLE 27 North America 5G Non-Standalone Market by Country, 2024 - 2031, USD Million
- TABLE 28 North America 5G Standalone Market by Country, 2020 - 2023, USD Million
- TABLE 29 North America 5G Standalone Market by Country, 2024 - 2031, USD Million
- TABLE 30 North America 5G Internet of Things Market by End User, 2020 - 2023, USD Million
- TABLE 31 North America 5G Internet of Things Market by End User, 2024 - 2031, USD Million
- TABLE 32 North America Manufacturing Market by Country, 2020 - 2023, USD Million
- TABLE 33 North America Manufacturing Market by Country, 2024 - 2031, USD Million
- TABLE 34 North America Energy & Utilities Market by Country, 2020 - 2023, USD Million
- TABLE 35 North America Energy & Utilities Market by Country, 2024 - 2031, USD Million
- TABLE 36 North America Transportation & Logistics Market by Country, 2020 - 2023, USD Million
- TABLE 37 North America Transportation & Logistics Market by Country, 2024 - 2031, USD Million
- TABLE 38 North America Healthcare Market by Country, 2020 - 2023, USD Million
- TABLE 39 North America Healthcare Market by Country, 2024 - 2031, USD Million
- TABLE 40 North America Agriculture Market by Country, 2020 - 2023, USD Million
- TABLE 41 North America Agriculture Market by Country, 2024 - 2031, USD Million
- TABLE 42 North America Government & Public Safety Market by Country, 2020 - 2023, USD Million
- TABLE 43 North America Government & Public Safety Market by Country, 2024 - 2031, USD Million
- TABLE 44 North America Others Market by Country, 2020 - 2023, USD Million
- TABLE 45 North America Others Market by Country, 2024 - 2031, USD Million
- TABLE 46 North America 5G Internet of Things Market by Country, 2020 - 2023, USD Million
- TABLE 47 North America 5G Internet of Things Market by Country, 2024 - 2031, USD Million
- TABLE 48 US 5G Internet of Things Market, 2020 - 2023, USD Million
- TABLE 49 US 5G Internet of Things Market, 2024 - 2031, USD Million
- TABLE 50 US 5G Internet of Things Market by Offering, 2020 - 2023, USD Million
- TABLE 51 US 5G Internet of Things Market by Offering, 2024 - 2031, USD Million
- TABLE 52 US 5G Internet of Things Market by Solutions Type, 2020 - 2023, USD Million
- TABLE 53 US 5G Internet of Things Market by Solutions Type, 2024 - 2031, USD Million
- TABLE 54 US 5G Internet of Things Market by Enterprise Size, 2020 - 2023, USD Million
- TABLE 55 US 5G Internet of Things Market by Enterprise Size, 2024 - 2031, USD Million
- TABLE 56 US 5G Internet of Things Market by Network Type, 2020 - 2023, USD Million
- TABLE 57 US 5G Internet of Things Market by Network Type, 2024 - 2031, USD Million
- TABLE 58 US 5G Internet of Things Market by End User, 2020 - 2023, USD Million
- TABLE 59 US 5G Internet of Things Market by End User, 2024 - 2031, USD Million
- TABLE 60 Canada 5G Internet of Things Market, 2020 - 2023, USD Million
- TABLE 61 Canada 5G Internet of Things Market, 2024 - 2031, USD Million
- TABLE 62 Canada 5G Internet of Things Market by Offering, 2020 - 2023, USD Million
- TABLE 63 Canada 5G Internet of Things Market by Offering, 2024 - 2031, USD Million
- TABLE 64 Canada 5G Internet of Things Market by Solutions Type, 2020 - 2023, USD Million
- TABLE 65 Canada 5G Internet of Things Market by Solutions Type, 2024 - 2031, USD Million
- TABLE 66 Canada 5G Internet of Things Market by Enterprise Size, 2020 - 2023, USD Million
- TABLE 67 Canada 5G Internet of Things Market by Enterprise Size, 2024 - 2031, USD Million
- TABLE 68 Canada 5G Internet of Things Market by Network Type, 2020 - 2023, USD Million
- TABLE 69 Canada 5G Internet of Things Market by Network Type, 2024 - 2031, USD Million
- TABLE 70 Canada 5G Internet of Things Market by End User, 2020 - 2023, USD Million
- TABLE 71 Canada 5G Internet of Things Market by End User, 2024 - 2031, USD Million
- TABLE 72 Mexico 5G Internet of Things Market, 2020 - 2023, USD Million
- TABLE 73 Mexico 5G Internet of Things Market, 2024 - 2031, USD Million
- TABLE 74 Mexico 5G Internet of Things Market by Offering, 2020 - 2023, USD Million
- TABLE 75 Mexico 5G Internet of Things Market by Offering, 2024 - 2031, USD Million
- TABLE 76 Mexico 5G Internet of Things Market by Solutions Type, 2020 - 2023, USD Million
- TABLE 77 Mexico 5G Internet of Things Market by Solutions Type, 2024 - 2031, USD Million
- TABLE 78 Mexico 5G Internet of Things Market by Enterprise Size, 2020 - 2023, USD Million
- TABLE 79 Mexico 5G Internet of Things Market by Enterprise Size, 2024 - 2031, USD Million
- TABLE 80 Mexico 5G Internet of Things Market by Network Type, 2020 - 2023, USD Million
- TABLE 81 Mexico 5G Internet of Things Market by Network Type, 2024 - 2031, USD Million
- TABLE 82 Mexico 5G Internet of Things Market by End User, 2020 - 2023, USD Million
- TABLE 83 Mexico 5G Internet of Things Market by End User, 2024 - 2031, USD Million
- TABLE 84 Rest of North America 5G Internet of Things Market, 2020 - 2023, USD Million
- TABLE 85 Rest of North America 5G Internet of Things Market, 2024 - 2031, USD Million
- TABLE 86 Rest of North America 5G Internet of Things Market by Offering, 2020 - 2023, USD Million
- TABLE 87 Rest of North America 5G Internet of Things Market by Offering, 2024 - 2031, USD Million
- TABLE 88 Rest of North America 5G Internet of Things Market by Solutions Type, 2020 - 2023, USD Million
- TABLE 89 Rest of North America 5G Internet of Things Market by Solutions Type, 2024 - 2031, USD Million
- TABLE 90 Rest of North America 5G Internet of Things Market by Enterprise Size, 2020 - 2023, USD Million
- TABLE 91 Rest of North America 5G Internet of Things Market by Enterprise Size, 2024 - 2031, USD Million
- TABLE 92 Rest of North America 5G Internet of Things Market by Network Type, 2020 - 2023, USD Million
- TABLE 93 Rest of North America 5G Internet of Things Market by Network Type, 2024 - 2031, USD Million
- TABLE 94 Rest of North America 5G Internet of Things Market by End User, 2020 - 2023, USD Million
- TABLE 95 Rest of North America 5G Internet of Things Market by End User, 2024 - 2031, USD Million
- TABLE 96 key information - Ericsson AB
- TABLE 97 Key Information - Nokia Corporation
- TABLE 98 Key Information - ZTE Corporation
- TABLE 99 Key Information - IBM Corporation
- TABLE 100 Key Information - Huawei Technologies Co., Ltd.
- TABLE 101 key information - Verizon Communications, Inc.
- TABLE 102 Key Information - Microsoft Corporation
- TABLE 103 Key Information - Qualcomm Incorporated
- TABLE 104 Key Information - Siemens AG
- TABLE 105 Key Information - Thales Group S.A.
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