5g Iot Market Report, And Forecasts 2028

April 5, 2023 ⚊ 1 Min read ⚊ Views 71 ⚊ TECHNOLOGY

The 5G IoT Market is projected to grow from USD 13.2 billion in 2023 to USD 59.7 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 35.1% during the forecast period. The availability of low-cost sensors is driving the 5G IoT market growth.

Large enterprises segment to account for larger market share during forecast period

A large enterprise is a business entity employing over 1,000 people. The adoption of 5G IoT solutions in large enterprises is high and is expected to continue during the forecast period.

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