5G Industrial IOT Market Size Is Estimated To Rise To USD 15.7 billion By 2026

1. Downloaded from: justpaste.it/758lm 5G Industrial IOT Market Is Poised To Grow At A CAGR of 79.1% to 2026: Exclusive Report by MarketsandMarkets™ 5G Industrial IOT Market The report "5G Industrial IOT Market by Component (Hardware, Solutions, and Services), Organization Size, Application (Predictive Maintenance, Business Process Optimization), End User (Process Industries and Discrete Industries) and Region - Global Forecast to 2026", size is projected to grow from USD 0.5 billion in 2020 to USD 15.7 billion in 2026, at a Compound Annual Growth Rate (CAGR) of 79.1% during the forecast period. The major factors driving the growth of the 5G Industrial IOT market include growth in data traffic due to increasing number of IoT devices across manufacturing industries, increasing demand for high reliability and low latency networks in manufacturing industries, growth in number of M2M connections across manufacturing industries, and rising need of preventive maintenance for critical equipment. Browse 147 market data Tables and 55 Figures spread through 227 Pages and in-depth TOC on "5G Industrial IOT Market by Component (Hardware, Solutions, and Services), Organization Size, Application (Predictive Maintenance, Business Process Optimization), End User (Process Industries and Discrete Industries) and Region - Global Forecast to 2026" Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=258071167 Based on component, the solutions segment to grow at a higher CAGR during the forecast period With the advanced networking technology, the 5G industrial IoT solutions benefit manufacturing organizations in several ways, such as the ability to view the status of assets at any time, faster service response from dealers, and effectively monitoring, predicting, and controlling process variability. Organizations across the manufacturing vertical are adopting 5G industrial IoT solutions, as these solutions enable them to monitor their assets and increase operational efficiency. Maintenance, repair, and operations of assets are of the utmost importance in any asset-intensive industry. The key objective is to maximize the RoI of the current asset base as well as to reduce the cost. The 5G industrial IoT solution enables organizations to track assets and receive notifications when the maintenance of assets is due. It helps enterprises perform regular maintenance, thereby increasing the productivity of assets. Based on services, the professional services segment is expected to lead the market during the forecast period Professional services support businesses of all size and across the manufacturing vertical. Vendors offering professional services assess the expense and design of the solution for streamlining communication and improving the efficiency of the network. Professional services

2. enable enterprises to deliver short-term and long-term savings. They help enterprises create a highly available, secure, and superior network environment that supports enterprise growth while accommodating the convergence of voice and data systems and traffic. The professional services segment involves functions, such as network testing, network planning, network optimization, orchestration, integration and deployment, support and maintenance, and consulting. Major vendors operating in the 5G INDUSTRIAL IOT market include Qualcomm Technologies, Inc. (Qualcomm), Ericsson (Ericsson), Nokia (Nokia), Huawei Technologies Co., Ltd. (Huawei), Cisco Systems (Cisco), AT&T (AT&T), IBM Corporation (IBM), Microsoft Corporation (Microsoft), Siemens AG (Siemens), Verizon (Verizon), Sierra Wireless (Sierra Wireless), Telefónica S.A. (Telefónica), China Mobile Limited (China Mobile), China Unicom (Hong Kong) Limited (China Unicom), Vodafone (Vodafone), Advantech Co., Ltd. (Advantech), ASOCS (ASOCS), T-Mobile USA, INC (T-Mobile), TELUS (TELUS), Honeywell International Inc. (Honeywell), Intel Corporation (Intel), Bosch.IO GmbH (Bosch.IO), Deutsche Telekom AG (Deutsche Telekom), Telit (Telit), Thales Group (Thales), IDEMIA (IDEMIA), KT Corporation (KT), ABB (ABB), and NTT Data Corporation (NTT Data). About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model —GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC.

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