How big is the 5G IoT market | IoT Growth & Market Scope

Q: What is the current size and forecast of the 5G IoT market?

The market was valued at USD 12.7 billion in 2024 and is projected to reach USD 63.5 billion by 2031 at a CAGR of 25.6%.

Q: Which sectors are leading adoption?

Industrial IoT, automotive, healthcare, and smart utilities.

Q: What are key demand drivers?

Ultra-low latency, massive device connectivity, and real-time control systems.

Q: What challenges exist in the 5G IoT space?

Interoperability, high deployment costs, and cybersecurity vulnerabilities.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA4824

Publication Date: Jul 2025

How big is the 5G IoT Market?

According to 6Wresearch internal database and industry insights, the Global 5G IoT market was valued at approximately USD 12.7 billion in 2024 and is projected to reach USD 63.5 billion by 2031, growing at a CAGR of 25.6% during the forecast period.

This growth is driven by the need for ultra-reliable, low-latency connectivity in industrial automation, smart cities, autonomous transport, and connected healthcare systems.

Key Growth Drivers of the 5G IoT Market

Increasing adoption of Industry 4.0 and smart manufacturing initiatives
Surge in connected devices across automotive, utilities, and healthcare
Ultra-low latency and high bandwidth benefits of 5G over LTE
Rising implementation of smart city projects with real-time monitoring
Support from government and telecom investments in 5G infrastructure

5G IoT Market Trends

5G IoT market is witnessing strong momentum in sectors like logistics, smart utilities, and automotive, where real-time data processing is critical. Network slicing is being utilized to create secure and prioritized bandwidth lanes for IoT use cases. Edge computing is increasingly paired with 5G to reduce latency in remote operations. Device miniaturization and low-power 5G chipsets are enabling scalable IoT deployments. Additionally, enterprises are adopting private 5G networks to run mission-critical IoT applications with greater control.

Emerging Developments in the 5G IoT Market

New advancements are integration of AI-based IoT analytics, further automation and predictive maintenance. The chipmakers are introducing multi-mode 5G IoT modules which can accommodate both high-speed and low-power scenarios. Such cross-sector pilot projects include drone traffic control, robotic telemedicine, smart grids based on 5G IoT, and more. The structures of security are also evolving and introducing the concept of identity and data verification in the IoT context with blockchain. International partnerships are also speeding up to come up with the single standards of 5G IoT.