![Global 5G IoT Market](https://res.cloudinary.com/devmoveo/image/upload/v1714991459/skyquest/gallery/Global-5G-IoT-Market.jpg)
Report ID: SQMIG45A2328
Report ID:
SQMIG45A2328 |
Region:
Global |
Published Date: June, 2024
Pages:
197
|
Tables:
168 |
Figures:
78
Increasing deployment of 5G network technology in multiple countries such as Japan, China, Hong Kong, and India allow the Asia Pacific region to dominate the global 5G IoT market. Rising demand for automation across multiple industry verticals will also create new business scope for 5G IoT companies in this region. Significant investments by governments to develop 5G infrastructure are also expected to help the Asia Pacific region’s dominance across the study period. The presence of key automotive manufacturers and the rising use of IoT by them will also boost 5G IoT market growth.
High investments in 5G infrastructure development coupled with established technological infrastructure helps North America become the most opportune market for 5G IoT companies. The presence of top IoT and 5G providers in this region and quick adoption of novel technologies will also create an opportune setting for 5G IoT market players in this region. Canada and the United States are expected to be the top markets for 5G IoT companies looking to make a mark in this region.
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Report ID: SQMIG45A2328