Enjoy complimentary customisation on priority with our Enterprise License!
The 5G Internet of Things (IoT) Roaming market share is expected to increase by USD 1.58 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 42.48%.
This 5G Internet of Things (IoT) Roaming market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the 5G IoT roaming market segmentation by end-user (consumer and enterprise) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The 5G IoT roaming market report also offers information on several market vendors, including AT and T Inc., China Mobile Ltd., Cisco Systems Inc., Deutsche Telekom AG, Huawei Technologies Co. Ltd., Neoway Technology Co. Ltd., Nokia Corp., Orange SA, Quectel Wireless Solutions Co. Ltd., Samsung Electronics Co. Ltd., Sierra Wireless Inc., SIMCom Wireless Solutions Ltd., SK Inc., Telefonaktiebolaget LM Ericsson, Telefonica SA, Telit Communications Plc, Thales Group, Verizon Communications Inc., and Vodafone Group Plc among others.
Download Report Sample to Unlock the 5G Internet of Things (IoT) Roaming Market Size for the Forecast Period and Other Important Statistics
The development of wireless technologies is notably driving the 5G IoT roaming market growth, although factors such as lack of standardization in IoT protocols may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the 5G IoT roaming industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key 5G IoT Roaming Market Driver
The development of wireless technologies is one of the major drivers impacting the 5G IoT roaming market growth. The increasing adoption of LPWAN, long-range wide area network (LoRaWAN), 5G, wireless sensor networks, and Internet Protocol version 6 (IPv6) is expected to drive the demand for IoT devices, which would increase the requirement for wireless technologies over the next two years. With the increased data exchange rate among a large number of connected devices, the need to provide increased capacity, high data rate, and high connectivity has also increased. Thus, 5G wireless networks are considered a key driver for IoT as 5G, supports low latency applications at the network edge, thereby enabling CSPs and enterprises to connect data centers, mobile and IoT devices, and public or private cloud platforms. The evolution of LTE to 5G is expected to gain pace to support the needs of emerging IoT applications, which are categorized into massive machine-type communication and mission-critical applications. Such factors are expected to drive the growth of the 5G IoT roaming market in focus during the forecast period.
Key 5G IoT Roaming Market Trend
The emergence of private networks is one of the major trends influencing the 5G IoT roaming market growth. A private mobile network features network infrastructure that is used exclusively by devices authorized by end-user organizations. Typically, this is deployed in one or more specific locations that are owned or occupied by the end-user organization to deliver targeted coverage, capacity, and other capabilities. This offers enterprises a greater level of control over deployment, security, equipment, and device choices, enabling highly targeted indoor/outdoor coverage. In August 2022, Samsung Electronics Co. Ltd and Kajeet Inc. collaborated to deliver smart private 5G network solutions to bring innovations that would power smart cities, school campuses, utility grids, and factories. This will result in the development of the 5G IoT roaming infrastructure, thereby accelerating the demand for 5G IoT roaming during the forecast period.
Key 5G IoT Roaming Market Challenge
Lack of standardization in IoT protocols is one of the major challenges impeding the 5G IoT roaming market growth. The IoT affects every aspect of human life, and the challenge is to unify these standards so that M2M communication becomes more user-friendly and flexible. Several associations and organizations are working to find a solution to this problem. Existing interoperability standards such as MTConnect, MCS-DCS Interface Standardization (MDIS), Ethernet for Control Automation Technology (EtherCAT), Master Control System (MCS), Distributed Control System (DCS), and Interface Standardization facilitate data interchange across disparate domains and industries. For each IoT project, businesses are currently using custom application programming interfaces (APIs) and solutions. To enable communication among IoT-enabled devices to share data or form an intelligent network, a common protocol and communication standard are required. Such factors are expected to hamper the growth of the global 5G IoT roaming market during the forecast period.
This 5G Internet of Things roaming market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the as a part of the global 5G Internet of Things roaming market within the overall global information technology sector. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the 5G IoT roaming market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the 5G IoT roaming market encompasses successful business strategies deployed by the key vendors. The 5G IoT roaming market is concentrated and the vendors are deploying organic and inorganic strategies growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The 5G Internet of Things roaming market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the 5G IoT roaming market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
For more insights on the market share of various regions Request PDF Sample now!
47% of the market’s growth will originate from North America during the forecast period. The US is the key market for the 5G IoT roaming market in North America. Market growth in this region will be faster than the growth of the market in other regions.
An increase in industrial applications will facilitate the 5G IoT roaming market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 led to the implementation of temporary lockdowns in countries such as the US, Canada, and Mexico. This led to the shutdown of office premises, while new telecommunication projects were suspended until the reopening of different industries in H2 2020. However, the demand for faster communication services increased in the region as major companies such as Google LLC, Amazon.Com, Inc, and Intel Corp. announced permanent work-from-home for their employees.
To gain further insights on the market contribution of various segments Request a PDF Sample
The 5G IoT roaming market share growth by the consumer segment will be significant during the forecast period. Mobile IoT (LPWA) roaming enables mobile subscribers to access LTE-M or NB-IoT networks to seamlessly connect their IoT devices and will be able to access associated IoT services across several countries and mobile networks, using the SIM from the same service provider
This report provides an accurate prediction of the contribution of all the segments to the growth of the 5G IoT roaming market size and actionable market insights on the post-COVID-19 impact on each segment.
5G IoT Roaming Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 42.48% |
Market growth 2022-2026 |
$1.58 billion |
Market structure |
Concentrated |
YoY growth (%) |
42.15 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 47% |
Key consumer countries |
US, Japan, China, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
AT and T Inc., China Mobile Ltd., Cisco Systems Inc., Deutsche Telekom AG, Huawei Technologies Co. Ltd., Neoway Technology Co. Ltd., Nokia Corp., Orange SA, Quectel Wireless Solutions Co. Ltd., Samsung Electronics Co. Ltd., Sierra Wireless Inc., SIMCom Wireless Solutions Ltd., SK Inc., Telefonaktiebolaget LM Ericsson, Telefonica SA, Telit Communications Plc, Thales Group, Verizon Communications Inc., and Vodafone Group Plc |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.