Global 5G in IoT Markets Report 2019-2024: Enabled Smart Machines Represent a $1.2B Global Opportunity by 2024

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Sep 26, 2019, 18:15 ET

DUBLIN, Sept. 26, 2019 /PRNewswire/ -- The "5G in IoT by Connectivity, Infrastructure, Sensors, Devices (Type, Sector, Verticals), and Things 2019-2024" report has been added to ResearchAndMarkets.com's offering.

This research assesses 5G technologies and solutions in support of IoT. The report evaluates certain key solutions such as 5G enabled Mobile Edge Computing (MEC) and managed services for devices and other IoT things.

The report also analyzes the impact of 5G in IoT across infrastructure components including hardware, processors, embedded devices, software, and cloud-based service platforms. The report includes detailed forecasts through 2024. All direct purchases of the author's reports includes time with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This needs to be used within three months of purchasing the report.

The commercial deployment and operation of 5G will bring very important benefits to ICT industry. One of those will be massive Internet of Things (IoT) networks, which refers to the ability of deploying and operating IoT systems at a very large scale. As the size of IoT systems grow to large scale, their scope will also increase in terms of the impact on enterprise systems and consumers everyday lives. 5G will optimize IoT networks by way of radio frequency management that meets the needs of both narrowband IoT applications as well as those that require higher bandwidth, which may be on an on-demand basis.

IoT solutions will benefit greatly from the implementation of 5G as cellular providers deploy Low Power WAN (LPWAN) IoT network capabilities. Initial deployments of IoT LPWANs have been non-cellular solutions based on proprietary technologies. However, the author sees emerging standards such as Narrowband IoT (NB-IoT) assuming a dominant role for certain IoT applications.

We see many industry verticals willing to pay a premium over non-cellular LPWAN, enhanced flexibility, and improved capabilities associated with IoT on 5G networks. The use of 5G for Industrial IoT (IIoT) networks in particular will be of great importance to enterprise IIoT in certain industry verticals such as agriculture, logistics, and manufacturing. For example, we see IIoT in agriculture benefitting through the use of Unmanned Aerial Vehicle (UAV) operation over 5G networks due to ultra-low latency and high capacity availability.

Deployed in conjunction with 5G, Mobile Edge Computing (MEC),will facilitate an entirely new class of low-power devices for IoT networks and systems. These devices will rely upon MEC equipment for processing. Stated differently, some IoT devices will be very light-weight computationally speaking, relying upon edge computing nodes for most of their computation needs. MEC is also important to 5G for non-IoT applications as support for improved mobile broadband (ultra-fast and high definition video, enhanced web browsing, etc.) and Ultra Reliable Low Latency Communications (URLLC) dependent apps (virtual reality, UAV operation, autonomous vehicles, robotics, etc.).

The things involved in IoT varies from devices used to detect, actuate, signal, engage, and more. IoT things also involve everything from gateways, modules, and sensors to hardware and embedded software within products and equipment and other consumer, enterprise, and industrial assets. The IoT ecosystem could easily become highly cumbersome with so many different things to consider as part of IoT provisioning, activation, administration and other management functions. Accordingly, there is a keen need for managed service solutions in support of provisioning, administration, maintenance, and security.

Select Report Findings:

5G and IoT enabled smart machines represent a $1.2B global opportunity by 2024
Device-level SLAs will be crucial for ensuring enterprise and industrial QoS requirements
5G is a must for in-building private wireless networks in support of ultra-reliable IoT applications
Application revenue for edge computing in 5G will reach 40% of infrastructure spending by 2024
Driven by edge computing, micro-datacenters represent a $1.9B USD opportunity globally by 2024

Key Topics Covered:

1 Executive Summary

2 Introduction

3 5G IoT Ecosystem Analysis

4 Managing the Things in IoT

5 Managing Devices in Support of IoT Things

6 5G in IoT Market Analysis and Forecasts 2020 - 2024

7 5G IoT Device and Things Market Analysis and Forecasts 2020 - 2024

8 Company Analysis

9 Conclusions and Recommendations

10 Appendix: 5G Supporting Technologies

Companies Mentioned

AT&T Inc.
Broadcom Corporation
China Mobile
Cisco Systems Inc.
Company Analysis
Deutsche Telekom AG
Ericsson AB
Fujitsu Ltd.
Huawei Technologies Co. Ltd.
Intel Corporation
KT Corporation
LG Electronics Inc.
LG Uplus Corp.
NEC Corporation
Nokia Networks
NTT DATA Corporation
NTT DoCoMo Inc.
Qualcomm Incorporated
Samsung Electronics Co. Ltd.
SingTel
SK Telecom Co. Ltd.
T-Mobile US Inc.
Verizon Communications
ZTE Corporation

For more information about this report visit https://www.researchandmarkets.com/r/8v6fw5

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