US 5G IoT market is anticipated to grow significantly at a CAGR of 38.5% over the forecast period (2021-2027). The key strategies are adopted by the major players such as partnerships, mergers & acquisitions, collaborations, geographical expansion, technological advancements, and development of 5G IoT networks, among others, for the market growth in the region during the forecast period. For instance, in October 2020, Radisys Corporation has agreed to work with Qualcomm Technologies Inc., as a key independent software vendor to optimize L2-L3 5G NR software on the Qualcomm FSM100xx 5G Platform. Both firms are assisting service providers with their 5G development by offering a full, pre-integrated, pre-tested, and pre-validated 5G platform for both mmWave and sub-6 GHz bands.
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In May 2020, T-Mobile US, Inc. revealed several significant firsts milestones for 5G standalone architecture (SA) across the globe. Due to it takes a village to invent the future, T-Mobile collaborated closely with industry experts to achieve multiple world-first achievements. T-Mobile was able to accomplish the following points to Ericsson’s assistance:
- SA 5G data session between commercial modems from two suppliers
- Low band SA 5G Voice using Evolved Packet System (EPS) fallback to VoLTE.
- Low-band VoNR call
- Video over new radio (ViNR)
- 5G firsts with a commercial smartphone
This all assistance provided by the company on the production network with Cisco, Ericsson, MediaTek, Nokia, and Qualcomm Technologies, Inc. Besides, in February 2019, Qualcomm Technologies Inc, a US-based company, unveiled its first 5G customer premise equipment (CPE) reference design for 5G fixed wireless broadband (FWB) products operating at sub-6 GHz and millimeter wave (mmWave) frequencies at MWC 19 in Barcelona. The Qualcomm SnapdragonTM X55 5G modem and next-generation Qualcomm RF front-end (RFFE) components and modules for sub-6 GHz and mmWave deployments are included in the reference design. This, in turn, the network advancements for fulfilling the demand of the country, is likely to create a wide scope for the growth of the 5G IoT market in the country over the forecast period.
Market Coverage
- Market number available for – 2020-2026
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered
- By Components
- By Network
- By End-User Industry
- Country Covered
- The US
- Competitive Landscape- AT&T, Inc., Cisco Systems Inc., IBM Corp., Qualcomm Inc., Verizon Enterprises Solutions, Inc., Aeris Communications, Inc., and T-Mobile USA Inc., among others
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US 5G IoT Market – Segmentation
By Components
- Hardware
- Platform
- Connectivity
Services
- Professional Services
- Managed Services
By Network
- 5G Standalone
- 5G Non-Standalone
By End-User Industry
- BFSI
- Manufacturing
- Healthcare
- Energy and Utilities
- Automotive and Transportation
- Government and Defense
- Residential
- Others End-User (Smart Building, Agriculture, and Education)
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
