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How has the fifth generation internet of things software (5g iot software) market evolved, and where is it heading next?
The fifth-generation Internet of Things software (5G IoT software) market size has grown exponentially in recent years. It will grow from $14.12 billion in 2024 to $18.11 billion in 2025 at a compound annual growth rate (CAGR) of 28.3%. The growth in the historic period can be attributed to growing investment in 5G IoT, rising high-speed networks, rising use in smart cities, rising demand for low-latency connectivity, and growing demand for mobile video adoption.
The fifth-generation Internet of Things software (5G IoT software) market size is expected to see exponential growth in the next few years. It will grow to $48.46 billion in 2029 at a compound annual growth rate (CAGR) of 27.9%. The growth in the forecast period can be attributed to an explosive surge in connected devices, rising demand for smart infrastructure solutions, increasing investments by various governments, increasing demand for high bandwidth, and upsurging use of wearable technologies. Major trends in the forecast period include the integration of 5G technology, the digitization of operating and diagnostic rooms, advancements in autonomous driving technology, advancements in digital technology, and development in wireless technologies.
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What are the key drivers behind the rapid expansion of the fifth generation internet of things software (5g iot software) market?
The increasing demand for cloud computing is expected to propel the growth of the fifth-generation Internet of Things software (5G IoT software) market going forward. Cloud computing is the delivery of computing services including servers, storage, databases, networking, software, and analytics. The increasing demand for cloud computing is due to scalability, cost efficiency, flexibility, enhanced security, remote accessibility, and ability to support advanced technologies like AI, big data analytics, and IoT. Fifth generation Internet of Things (5G IoT) software supports cloud computing by enabling ultra-fast data transmission, low-latency communication, and seamless connectivity for massive IoT deployments, allowing real-time data processing, efficient resource management, and enhanced scalability for cloud-based applications across industries like healthcare, smart cities, industrial automation, and autonomous systems. For instance, in December 2023, according to Eurostat, a Luxembourg-based intergovernmental organization, around 45.2% of EU enterprises utilized cloud computing services, primarily for email hosting, file storage, and various operational tasks, with a notable increase of 4.2 percentage points from 2021. Therefore, the increasing demand for cloud computing drives the fifth-generation Internet of Things software (5G IoT software) market.
What is the segmentation for the fifth generation internet of things software (5g iot software) market?
The fifth generation internet of things software (5G IoT software) market covered in this report is segmented –
1) By Component: Connectivity Management Platform, Edge Computing Platform, Application Enablement Platform, Analytics Platform, Security Platform
2) By Network Type: Non-Standalone, Standalone
3) By Enterprise Size: Small And Medium-Sized Enterprises, Large Enterprises
4) By End-User: Manufacturing, Healthcare, Energy And Utilities, Automotive And Transportation, Supply Chain And Logistics, Government And Public Safety, Agriculture, Other End-Users
Subsegments:
1) By Connectivity Management Platform: 5G Network Management Software, SIM and eSIM Management Solutions, IoT Device Connectivity Monitoring, Remote Network Provisioning and Optimization, Multi-Carrier and Cross-Border Connectivity Solutions
2) By Edge Computing Platform: Real-Time Data Processing Solutions, AI-Enabled Edge Analytics, Edge Device Management Software, Edge Security and Access Control, Low-Latency Streaming and Processing Solutions
3) By Application Enablement Platform: IoT Middleware and API Management, Cloud-Based IoT Application Development, Low-Code Or No-Code IoT Solutions, Industry-Specific IoT Application Frameworks, Smart Device Integration Platforms
4) By Analytics Platform: Predictive and Prescriptive IoT Analytics, AI and Machine Learning-Based Data Insights, Real-Time IoT Data Visualization Tools, Big Data Management for IoT Networks, Event Processing and Anomaly Detection
5) By Security Platform: 5G IoT Device Authentication and Access Control, End-to-End Encryption for IoT Networks, Threat Detection and Response Solutions, Blockchain-Based IoT Security Solutions, Identity and Access Management (IAM) for IoT
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Who are the most influential companies in the fifth generation internet of things software (5g iot software) market?
Major companies operating in the fifth generation internet of things software (5G IoT software) market are Bharti Airtel Limited, Swisscom AG, Tata Communications Limited, KORE Group Holdings Inc., 6D Technologies PTE. Ltd., 1NCE GmbH, Emnify GmbH, Telit Communications Plc, Bridgera Pvt. Ltd., Cavli Inc., MAVOCO AG, Airlinq Inc., Zipit Wireless Inc., Simon IoT LLC, Velos IoT, Cobira Aps, Freeeway AG, InfiSIM Ltd., Relevant Software LLC, Droam B.V., Monogoto, Syntegra Inc.
What are the most influential trends expected to drive the fifth generation internet of things software (5g iot software) market forward?
Major companies operating in the fifth-generation Internet of Things software (5G IoT software) market are focusing on developing an advanced 5G IoT management platform to enable seamless integration of IoT applications across various industries. A 5G IoT management platform is a software system built to oversee, track, and enhance the connectivity, data transmission, and efficiency of IoT devices and applications operating on a 5G network. For instance, in February 2022, Radisys Corporation, a US-based telecommunications solutions company, launched the Connect RAN 5G IoT software stack. This software supports a wide range of IoT use cases, from low-cost metering and asset tracking to mission-critical industrial deployments, XR, video surveillance, and wearables. It offers features like NB-IoT, eMTC/LTE-M, uRLLC, NR-lite/RedCap, and eMBB, along with advanced positioning capabilities. The suite provides flexibility in deployment options, enabling OEMs, ODMs, and operators to develop and deploy IoT solutions cost-effectively across various industries.
What are the major regional insights for the fifth generation internet of things software (5g iot software) market, and which region holds the top position?
North America was the largest region in the fifth-generation Internet of Things software (5G IoT software) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fifth generation internet of things software (5G IoT software) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Fifth Generation Internet Of Things Software (5G IoT Software) Market Report 2025 Offer?
The fifth generation internet of things software (5g iot software) market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Fifth-generation Internet of Things software (5G IoT software) comprises platforms, applications, and frameworks that optimize and manage IoT networks through 5G connectivity. This software utilizes 5G’s high speed, minimal latency, and large-scale device support, these solutions enhance IoT operations across various industries. Their core function is to enable seamless communication, automation, and real-time data processing, ensuring efficient and intelligent IoT ecosystems.
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