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5G IoT Market to Attract Significant Revenue from Increasing Demand for Rapid Internet Connectivity, says Fortune Business Insights™

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Pune, Sept. 16, 2020 (GLOBE NEWSWIRE) — The global 5G IoT market size is anticipated to rise significantly in the forecast duration on account of the increasing demand for IoT connected devices worldwide. IoT services have been widely adopted by all residential, commercial, and industrial sectors in the past few years. An upcoming report by Fortune Business Insights titled, “5G IoT Market Size, Share & Industry Analysis, By Technology (5G New Radio Standalone Architecture, 5G New Radio Non-Standalone Architecture), By Type (Short-Range IoT devices, Wide-Range IoT devices), By Industry (Manufacturing, Government, Energy and Utilities, Transportation and Logistics, Aviation, Others (Mining)) and Regional Forecast, 2019-2026,” analyses the market and its prime growth trajectories in detail.The whole world is fighting the novel coronavirus by staying indoors. Although this temporary measure has somehow slowed down the rapid spread of the virus, it has majorly impacted the world economy. Most of the regional and international businesses are at temporary halt while some others are struggling to make both ends meet by operating within the four walls of their homes.Governments across several countries are investing heavily on the invention of an antidote to stop the COVID-19 pandemic. Meanwhile, special reports offered by Fortune Business Insights for helping investors study the pros and cons and accordingly prepare for the future.
Please visit: https://www.fortunebusinessinsights.com/5g-iot-market-102872
What are the Highlights of the Report?The report offers insights into the market and focuses on drivers, restraints, challenges, and upcoming opportunities. It also highlights the key industry developments, current trends, and other interesting insights into the market. The report also provides details on the table of segmentation and the names of the leading segments with attributed factors. To purchase the report, log on to the company website.
Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/5g-iot-market-102872
Drivers & Restraints-
Increasing Adoption of Industry 4.0 to Augment GrowthRising technological advancement and use of the internet of things across various sectors such as residential, commercial, and industrial sectors stands as the major factors driving the global 5G IoT market growth. Additionally, the rise in the number of connected IoT devices and increasing data traffic wii boost the growth of the market. Besides this, the increasing demand for low latency connectivity is expected to bode well for the market in the forecast period.On the negative side, the heavy expenditure required for building a reliable 5G network infrastructure may cause major hindrance to the market. Moreover, government regulations, and other issues related to network connectivity may pose major challenges to the market in the coming years.Nevertheless, the increasing number of cloud services and rising adoption of Industry 4.0 is likely to create lucrative growth opportunities for the market in the forecast period.
Request Detailed Table of Content- https://www.fortunebusinessinsights.com/toc/5g-iot-market-102872
Segmentation-
Detailed Classification of the 5G IoT Market include:The market for 5G IoT is classified on the basis of technology, type, industry, and region. Based on technology, the market is categorized into 5G New Radio Standalone Architecture, and 5G New Radio Non-standalone Architecture. With respect to type, the market is bifurcated into wide-range IoT devices, and short-range IoT devices. Based on industry, the market is categorized into aviation, transportation and logistics, energy and utilities, government, manufacturing, and others (mining).Competitive Landscape-
Advancements in IoT and Innovation in Cellular IoT – Key Focus of PlayersSeveral companies in the market are investing heavily in on IoT technologies and advancement to gain competitive edge in the market competition. The other players are engaging in development of 5G infrastructure, and cellular IoT for deployment in transportation and utility industries to earn lion’s share in the market.Industry Developments:February 2020 – Advancements in IoT and innovations in cellular technology was made by Cisco Systems Inc. with readiness and machine learning. This includes new wireless technologies such as Wi-Fi 6 and 5G ultimately promoting the adoption of latest utilities and advanced industrial IoT cases.List of Key Companies Profiled in 5G IoT Market Report: NokiaBTBell CanadaTelefonaktiebolaget LM EricssonJuniper Networks, Inc.Qualcomm Technologies Inc.AT&T Intellectual PropertyHuawei Technologies Co., LtdOthersPre Book- 5G IoT Market Research Report:https://www.fortunebusinessinsights.com/checkout-page/102872
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About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Contact Us:
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