Top 10 Companies in 5G IoT Market

The 5G IoT Market is expected to reach $17.68 billion by 2030, at a CAGR of 47.6% during the forecast period 2023–2030. The growing significance of 5G IoT devices in smart city projects, increasing demand for low-latency IoT devices for Industrial 4.0, and increasing demand for digital wearable devices are the major factors driving the market growth. In addition, the use of 5G IoT in self-driving vehicles and the high potential for 5G IoT in connected healthcare are expected to offer prominent opportunities for the growth of the market. High costs for 5G IoT network installation and security & data privacy concerns are creating challenges for market growth.

However, the global availability of 5G network may hinder the growth of this market to a certain extent. The growing prevalence of network slicing, strengthening of edge computing applications, and rapid adoption of cloud computing across SMEs are new technology trends in the market. In addition, the use of IoT for connected transportation and IoT-enabled security solutions are new market trends in the 5G IoT market during the forecast period.

Here are the top 10 companies operating in the 5G IoT Market

Telefonaktiebolaget LM Ericsson

Founded in 1876 and headquartered in Stockholm, Sweden, Telefonaktiebolaget LM Ericsson is a telecommunication and networking company. The company is engaged in the development of telecommunication equipment and services. Ericsson operates in the market through four business segments, namely, Networks, Digital Services, Managed Services, and Emerging Business and Other. In the communication technology space, the company provides hardware, software, and services to enhance network connectivity features. Ericsson also provides cloud-native and automation solutions to evolve mobile networks for 4G and 5G.

With its subsidiaries and strong distribution network, Ericsson has a strong geographical presence across South East Asia, Oceania, and India; North East Asia, North America; Europe and Latin America; Middle East and Africa; and other countries. Some of its subsidiaries include Teleric Pty Ltd. (Australia), Ericsson Holdings Ltd (U.K.), Belair Networks (Canada), and Ericsson Telecommunications Pte. Ltd. (Singapore). As of 2021, the company had a headcount of 101,322 employees globally.

Nokia Corporation

Founded in 1865 and headquartered in Tampare, Finland, Nokia Corporation is an information technology, telecommunication, and electronics company. The company is engaged in developing network equipment, software, and services and provides IoT, mobile telephony, and digital health services. Nokia offers a wide range of mobile devices, including services and software for the customer. The company operates in the market through five business segments, namely, Mobile Networks, Network Infrastructure, Cloud and Network Services, Nokia Technologies, and Others. In mobile networks, the company offers products and services for radio access networks covering technologies from 2G to 5G. To grow its business, Nokia delivers critical networks with the highest performance, reliability, and security with communication service providers.

With its subsidiaries and strong distribution network, Nokia has a strong geographical presence across North America, Asia-Pacific, Europe, the Middle East & Africa, India, Greater China, and Latin America. Some of its subsidiaries include IRIS Telecommunication Austria GmbH, Nokia Canada Inc., Alcatel Submarine Networks (France), and SAC Wireless of CA, Inc. (U.S.). As of 2021, the company had a headcount of 87,900 employees globally.

Qualcomm Incorporated

Founded in 2011 and headquartered in Carolina, U.S., Qualcomm Incorporated is a technology and telecommunication company. The company provides software, semiconductors, and services for wireless technology. It mainly focuses on bringing performance and connectivity by designing semiconductors and wireless technology products. Qualcomm offers processors, modems, RF systems, 5G, 4G, and legacy connectivity solutions. The company operates in the market through three segment segments, namely, QCT (Qualcomm CDMA Technologies), QTL (Qualcomm Technology Licensing), and QSI (Qualcomm Strategic Initiative). In QCT, the company develops and provides integrated circuits and system software based on 3G/4G/5G and other technologies.

With its subsidiaries and strong distribution network, Qualcomm has a strong geographical presence across the U.S., Ireland, China, South Korea, and other countries. Some of its subsidiaries include QUALCOMM CDMA Technologies Asia-Pacific Pte. Ltd. (Singapore), Qualcomm Technologies International, Ltd. (U.K.), NuVia, Inc. (U.S.), and Qualcomm Technologies, Inc. (U.S.). As of 2021, the company had a headcount of 45,000 employees globally.

AT&T Inc.

Founded in 1983 and headquartered in Texas, U.S., AT&T Inc. is a technology and telecommunication company. The company provides customers with wireless networks, cell phones, digital television, internet, and landline telecommunication services. AT&T operates in the market through three business segments, namely, Communications, Warner Media, and Latin America. Its products are used in different business sectors, including small businesses, mid-sized and enterprise businesses, the public sector, FirstNet (security), and global businesses. The company mainly focuses on 5G, AT&T Fiber, and HBO Max areas and offers connectivity, technology, entertainment, news, advertising and more to its customers.

With its subsidiaries and strong distribution network, AT&T has a strong geographical presence across U.S., Asia-Pacific, Mexico, Brazil, Latin America, Europe, and other countries. Some of its subsidiaries include AT&T Teleholdings, Inc. (U.S.), Teleport Communications America, LLC (U.S.), and AT&T Communications, LLC (U.S.). As of 2021, the company had a headcount of 203,000 employees globally.

Cisco Systems, Inc.

Founded in 1984 and headquartered in California, U.S., Cisco Systems, Inc. is a leading company in networking for the internet. The company is engaged in the manufacturing, developing, and selling of networking technologies such as hardware and software. Cisco operates in the market through four business segments, namely, Infrastructure Platforms, Applications, Security, and Services. The company provides platforms for networking, security, collaboration, applications, and the cloud. These platforms help organizations to assess risk, hardware & software vulnerability detection and manage the issues related to ICS/ OT security industry. The company offers 3G, 4G, 5G, and wireline services to improve network timing, quality of service, resiliency, and security.

With its subsidiaries and strong distribution network, Cisco Systems has a strong geographical presence across the Americas, Asia-Pacific, Europe, and the Middle East & Africa. Some of its subsidiaries include Acacia Communications, Inc. (U.S.), Epsagon Ltd. (U.K.), and IMImobile Limited (U.K.). As of 2021, the company had a headcount of 79,500 employees globally.

Meticulous Research in its latest publication on 5G IoT Market has predicted the growth of 47.6% during the forecast year 2023-2030.

IBM Corporation

Founded in 1911 and headquartered in New York, U.S., IBM Corporation is a technology company that manufactures and sells computer hardware, middleware, and software. The company provides solutions for cloud computing, artificial intelligence, IoT, IT infrastructure, mobile, digital workplace and cyber-security. IBM operates in the market through four segments, namely, Software, Consulting, Infrastructure, and Financing.

IBM provides 5G and edge computing solutions to enhance digital experiences, improve performance and data security, and enable continuous operations across 5G-enabled networks. The company’s solutions help reduce latency while improving speed, reliability and bandwidth.

With its subsidiaries and strong distribution network, the company has a strong geographical presence across the Americas, Asia-Pacific, Europe, and the Middle East & Africa. Some of its subsidiaries include Red Hat, Inc. (U.S.), Sentaca (Canada), and BigFix, Inc. (U.S.). As of 2021, the company had a headcount of 282,100 employees globally.

Verizon Communications Inc.

Founded in 1983 and headquartered in New York, U.S., Verizon Communications Inc. is a telecommunication company. The company offers information technology and communication services. Verizon provides voice, data and video services and solutions and mainly focuses on mobility, reliable network connectivity, security, and control. The company operates in the market through two segments, namely, Services and Wireless Equipment.

Verizon offers products for security and protection, internet, networks, voice and collaboration, contact center and CX solutions, and the Internet of Things (IoT). The company offers a wide range of 5G products that deliver high speed, low latency, and the capacity to connect more devices to the network.

With its subsidiaries and strong distribution network, the company has a strong geographical presence across North America. Some of its subsidiaries include Verizon Fios (U.S.), XO Communications, LLC (U.S.), and Straight Path Communications Inc. (U.S.). As of 2021, the company had a headcount of 118,400 employees globally.

Vodafone Limited

Founded in 1985 and headquartered in Newbury, U.K., Vodafone Limited is a telecommunication company operating in different industries, including construction, defense, healthcare, manufacturing, retail, and utilities. The company provides solutions and services in unified communications, the Internet of Things, cloud & security, and virtual private network services. Vodafone offers machine-to-machine business solutions and carrier services such as fixed and mobile connectivity. The company operates in the market through four segments, namely, Vodacom, Other Markets, Common Functions, and Others. Vodafone provides IoT solutions, including private mobile networks and narrowband IoT.

With its subsidiaries and strong distribution network, Vodafone has a strong geographical presence across Germany, Italy, the U.K., Spain, Europe and other countries. Some of its subsidiaries include Cable & Wireless UK Holdings Limited, Energis (Ireland) Limited, and Cable & Wireless Europe Holdings Limited. As of 2021, the company had a headcount of 94,274 employees globally.

Samsung Electronics Co., Ltd.

Founded in 1969 and headquartered in Suwon-si, South Korea, Samsung Electronics Co., Ltd. is a technology and electronics company. The company manufactures electronic components such as mobiles, TV & AV, home appliances, monitors, and other electronic accessories. Samsung operates in the market through four business segments, namely, Consumer Electronics, Information Technology & Mobile Communications, Device Solutions, and Harman. The company mainly focuses on producing consumer and industry electronics and works on four strategies: market penetration, market development, product development, and innovation.

With its subsidiaries and strong distribution network, Samsung has a strong geographical presence across the Americas, Asia and Africa, Korea, Europe, and China. Some of its subsidiaries include Harman International Industries, Inc. (U.S.), SmartThings, Inc. (U.S.), and TeleWorld Solutions, Inc. (TWS) (U.S.).

Huawei Technologies Co., Ltd.

Founded in 1987 and headquartered in Shenzhen, China, Huawei Technologies Co., Ltd. is an information and communication technology company. The company is engaged in the manufacturing and selling of telecommunication equipment, consumer electronics, and various smart devices. Huawei provides services and consumer electronics, including routers, mobile broadband modems, smartphones, tablets, wearables, PCs, and accessories. Huawei Investment & Holding Co., Ltd. (China) is the parent company of Huawei Technologies Co., Ltd. (China). The company operates in the market through four segments, namely, Carrier Business, Enterprise Business, Consumer Business, and Other.

With its subsidiaries and a strong distribution network, the company has a strong geographical presence across China, EMEA, Asia Pacific, and the Americas. Some of its subsidiaries include Shanghai Huawei Technologies Co., Ltd. (China), Huawei Technologies Deutschland GmbH (Germany), Huawei Machine Co., Ltd. (China), and Beijing Huawei Digital Technologies Co., Ltd. (China). As of 2021, the company had a headcount of 195,000 employees globally.

Authoritative Research on the 5G IoT Market – Global Opportunity Analysis and Industry Forecast (2023-2030)

Need more information? Meticulous Research®’s new report covers each of these companies in much more detail, providing analysis on the following:

• Recent financial performance
• Key products
• Significant company strategies
• Partnerships and acquisitions

The Comprehensive report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.