PUBLISHER: The Business Research Company | PRODUCT CODE: 1727810
PUBLISHER: The Business Research Company | PRODUCT CODE: 1727810
Fifth-generation Internet of Things software (5G IoT software) consists of platforms, applications, and frameworks designed to optimize and manage IoT networks through 5G connectivity. By leveraging the high speed, low latency, and large-scale device support offered by 5G, these solutions enhance IoT operations across various industries. The primary purpose of this software is to enable seamless communication, automation, and real-time data processing, ensuring efficient and intelligent IoT ecosystems.
The main components of fifth-generation Internet of Things software (5G IoT software) include connectivity management platforms, edge computing platforms, application enablement platforms, analytics platforms, and security platforms. A connectivity management platform (CMP) helps businesses efficiently manage IoT device connections, monitor data usage, and ensure smooth communication between devices. It supports various network types, such as non-standalone and standalone, and is available for different enterprise sizes, including small and medium-sized enterprises and large enterprises. This platform is used by a wide range of end users, including those in manufacturing, healthcare, energy and utilities, automotive and transportation, supply chain and logistics, government and public safety, agriculture, and other sectors.
The fifth-generation Internet of Things software (5G IoT software) market research report is one of a series of new reports from The Business Research Company that provides fifth-generation Internet of Things software (5G IoT software) market statistics, including the fifth-generation Internet of Things software (5G IoT software) industry global market size, regional shares, competitors with the fifth-generation Internet of Things software (5G IoT software) market share, detailed fifth-generation Internet of Things software (5G IoT software) market segments, market trends, and opportunities, and any further data you may need to thrive in the fifth-generation Internet of Things software (5G IoT software) industry. This fifth-generation Internet of Things software (5G IoT software) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The fifth-generation Internet of Things software (5G IoT software) market size has grown exponentially in recent years. It will grow from $14.12 billion in 2024 to $18.11 billion in 2025 at a compound annual growth rate (CAGR) of 28.3%. The growth during the historic period can be attributed to increased investment in 5G IoT, the expansion of high-speed networks, the growing use of IoT in smart cities, rising demand for low-latency connectivity, and the increasing adoption of mobile video.
The fifth-generation Internet of Things software (5G IoT software) market size is expected to see exponential growth in the next few years. It will grow to $48.46 billion in 2029 at a compound annual growth rate (CAGR) of 27.9%. The growth during the forecast period can be attributed to a significant surge in connected devices, rising demand for smart infrastructure solutions, increasing investments by governments, growing need for high bandwidth, and the rising use of wearable technologies. Key trends in the forecast period include the integration of 5G technology, the digitization of operating and diagnostic rooms, advancements in autonomous driving technology, progress in digital technologies, and developments in wireless technologies.
The growing demand for cloud computing is expected to drive the growth of the fifth-generation Internet of Things software (5G IoT software) market. Cloud computing involves the delivery of services such as servers, storage, databases, networking, software, and analytics. The increasing demand for cloud computing is attributed to its scalability, cost-effectiveness, flexibility, enhanced security, remote accessibility, and its ability to support advanced technologies like AI, big data analytics, and IoT. 5G IoT software enhances cloud computing by enabling ultra-fast data transmission, low-latency communication, and seamless connectivity for large-scale IoT deployments, which allows real-time data processing, efficient resource management, and improved scalability for cloud-based applications in industries such as healthcare, smart cities, industrial automation, and autonomous systems. For example, in December 2023, Eurostat, a Luxembourg-based intergovernmental organization, reported that approximately 45.2% of EU enterprises used cloud computing services, mainly for tasks like email hosting, file storage, and other operational needs, reflecting a notable 4.2 percentage point increase from 2021. Thus, the rising demand for cloud computing is fueling the growth of the 5G IoT software market.
Companies in the 5G IoT software market are focusing on creating advanced 5G IoT management platforms to ensure seamless integration of IoT applications across various sectors. A 5G IoT management platform is designed to monitor, track, and optimize the connectivity, data transmission, and efficiency of IoT devices and applications on a 5G network. For example, in February 2022, Radisys Corporation, a US-based telecommunications solutions company, introduced the Connect RAN 5G IoT software stack. This software supports a wide range of IoT use cases, from low-cost metering and asset tracking to mission-critical industrial applications, XR, video surveillance, and wearables. It includes features such as NB-IoT, eMTC/LTE-M, uRLLC, NR-lite/RedCap, and eMBB, as well as advanced positioning capabilities. The software offers flexible deployment options, enabling OEMs, ODMs, and operators to implement IoT solutions efficiently across various industries.
In October 2024, OptConnect, a US-based wireless IoT connectivity company, acquired Capestone for an undisclosed amount. This acquisition aims to expand OptConnect's international presence, enhance its IoT connectivity solutions, and strengthen its managed wireless connectivity platform. Capestone, a Netherlands-based provider of managed connectivity solutions and related hardware, specializes in IoT applications.
Major players in the fifth-generation Internet of Things software (5G IoT software) market are Bharti Airtel Limited, Swisscom AG, Tata Communications Limited, KORE Group Holdings Inc., 6D Technologies PTE. Ltd., 1NCE GmbH, Emnify GmbH, Telit Communications Plc, Bridgera Pvt. Ltd., Cavli Inc., MAVOCO AG, Airlinq Inc., Zipit Wireless Inc., Simon IoT LLC, Velos IoT, Cobira Aps, Freeeway AG, InfiSIM Ltd., Relevant Software LLC, Droam B.V., Monogoto, Syntegra Inc.
North America was the largest region in the fifth-generation Internet of Things software (5G IoT software) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in fifth-generation Internet of Things software (5G IoT software) report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the fifth-generation Internet of Things software (5G IoT software) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The fifth-generation Internet of Things software (5G IoT software)market consists of revenues earned by entities providing services such as security-as-a-service (SAAS), and IoT device management services. The market value includes the value of related goods sold by the service provider or included within the service offering. The 5G IoT software market also includes sales of application development frameworks, security and threat management systems, AI-powered predictive analytics tools. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Fifth Generation Internet Of Things Software (5G IoT Software) Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on fifth generation internet of things software (5g iot software) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for fifth generation internet of things software (5g iot software) ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The fifth generation internet of things software (5g iot software) market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.