Le Lézard
Classified in: Ebola virus, Science and technology, Covid-19 virus
Subject: MRR

5G IoT Roaming Market to grow by USD 1.58 Bn by 2026, Development of wireless technologies to boost market growth - Technavio


NEW YORK, Oct. 10, 2022 /PRNewswire/ -- The global 5G IoT roaming market size is expected to grow by USD 1.58 bn during 2021-2026, progressing at a CAGR of 42.48% during the forecast period. The Development of wireless technologies, heavy IoT investment, and demand for private 5G networks from enterprises, governments, and industries are one of the major factors propelling the market growth. However, factors such as lack of standardization in IoT protocols, delay in spectrum harmonization across geographies, and increase in concerns over data privacy and security may impede the market growth.

Global 5G IoT Roaming Market Driver

One of the key factors influencing the growth of the 5G IoT roaming market is the advancement of wireless technology. Over the next two years, there will likely be an increase in the demand for wireless technologies due to the growing usage of LPWAN, long-range wide area network (LoRaWAN), 5G, wireless sensor networks, and Internet Protocol version 6 (IPv6). The requirement for higher capacity, high data rate, and high connection has also increased as a result of the rising data exchange rate among a significant number of connected devices. As a result, 5G wireless networks are seen as an important force behind IoT. Request Free Sample Report.

Global 5G IoT Roaming Market Segmentation

The consumer segment's share of the 5G IoT roaming market will expand significantly. Using a SIM card from the same service provider, mobile customers can use mobile IoT (LPWA) roaming to connect their IoT devices to LTE-M or NB-IoT networks and access related IoT services across many countries and mobile networks.

North America will account for 47% of market growth. The 5G IoT roaming market in North America is primarily concentrated in the US. This region's market will expand more quickly than those in other areas. Over the course of the projection period, an increase in industrial applications will support the expansion of the 5G IoT roaming market in North America. Buy Sample Report.

Global 5G IoT Roaming Market Vendors

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.?  

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

To find additional highlights on the growth strategies adopted by vendors and their product offerings, Download Free Sample Report.

5G IoT Roaming Market Key Highlights
Related Reports:

Mobile Phone Accessories Market by Product and Geography - Forecast and Analysis 2022-2026

Enterprise AI Market by End-user, Deployment, and Geography - Forecast and Analysis 2022-2026

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

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 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.

Table of Contents

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

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio


These press releases may also interest you

at 15:20
Flowserve Corporation, , a leading provider of flow control products and services for the global infrastructure markets, announced that its Board of Directors has authorized a quarterly cash dividend of $0.21 per share on the company's outstanding...

at 15:15
First Trust Advisors L.P. ("FTA") announces the declaration of the monthly distributions for certain exchange-traded funds advised by FTA. The following dates apply to today's distribution declaration:   Expected Ex-Dividend...

at 15:02
The U.S. Department of Commerce has awarded a 2024 President's "E" Award for Export Service to the Center for Global Business (CGB) at the University of Maryland's Robert H. Smith School of Business. A founding member of the MAPIT Alliance (Maryland...

at 11:50
The "Global Live Events Market (2024 Edition): Analysis By Event Type (Music, Sports, Comedy, and Theater), By Revenue Source, By Age Group, By Region, By Country: Market Insights and Forecast (2020-2030)" report has been added to...

at 11:31
The FLCCC Alliance today announced Lynne Kristensen will step into the newly created senior director, communications role leading global public relations and media strategy for the organization. She will also oversee the FLCCC's new international...

at 11:30
The OLB Group, Inc., , a diversified Fintech eCommerce merchant services provider and cryptocurrency mining enterprise, announced today that it has received a written letter from Nasdaq, which has determined that for the last 10 consecutive business...



News published on and distributed by: