The 3GPP Release 15 September 2017 and Release 16 in July 2018 which defines the 5G NR standards, telecommunications operators are targeting early 2019 for a rollout of commercial 5G services with many announcing an accelerated timetable for practical trials. The primary technologies will be Millimeter-wave bands (26, 28, 38, and 60 GHz) offer performance as high as 20 Gbit/s and “Low-band 5G" and "Mid-band 5G" use frequencies from 600 MHz to 6 GHz, especially 3.5-4.2 GHz.
According to the report, Growing Demand for High-Speed Connectivity and Communication
is one of the primary growth factors for the market. Increasing Usage of IoT and Connected Devices
is also expected to contribute significantly to the 5G IoT market. Overall, Industrial robots
applications of 5G IoT, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Technology, such as 5G NR Standalone Architecture, is boosting the 5G IoT market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Industry Vertical, such as Manufacturing, is boosting the 5G IoT market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global 5G IoT market identified that the demand is rising in many different parts of the world as "Escalating Demand for Data Traffic Control Is Anticipated To Propel the 5G Technology
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global 5G IoT market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the 5G IoT market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall 5G IoT market size is calculated using market estimation process, the 5G IoT market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global 5G IoT market size has been validated using both top-down and bottom-up approaches.