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The future of the 5G IoT market looks promising with opportunities in the manufacturing, energy and utility, government, healthcare, transportation and logistics, and mining industries. The global 5G IoT market is expected to decline in 2020 due to the global economic recession led by the COVID-19 pandemic. However, the market will witness recovery in the year 2021, and it is expected grow with a CAGR of 52% to 57% from 2020 to 2025. The major drivers for this market are growing number of connected IoT devices, rising data traffic, and increasing demand for low latency connectivity.
A more than 150 page report is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of 5G IoT market report download the report brochure.