Security News > 2021 > April > 5G IoT market size to reach $40.2 billion by 2026

The 5G IoT market size is projected to grow from $2.6 billion in 2021 to $40.2 billion by 2026, at a Compound Annual Growth Rate of 73.0% during the forecast period, according to MarketsandMarkets.

The increasing number of IoT-connected devices and agile networks, network slicing, and private 5G networks among the emerging technologies is expected to shape the future of the 5G IoT market.

Connectivity segment to grow at the highest CAGR. 5G is the next-generation connectivity technology that would enable a wide range of IoT devices to communicate in short- and long-range distances.

Healthcare is expected to grow at the highest CAGR. 5G opportunities in healthcare rely on a combination of massive IoT and enhanced broadband to support telemedicine.

APAC region to record the highest market share in the 5G IoT market in 2020.

APAC is the fastest-growing region in the 5G IoT Market; this growth can be attributed to the significant adoption of advanced technologies, the proliferation of IoT-enabled devices, continuously enhancing network connectivity and government initiatives for IoT. APAC is one of the biggest markets for connected devices.

News URL

http://feedproxy.google.com/~r/HelpNetSecurity/~3/sFJmKWDiWXQ/