5G IoT Market worth $59.7 billion by 2028 - Exclusive Report by MarketsandMarkets™
CHICAGO, March 24, 2023 /PRNewswire/ -- The global 5G IoT Market size 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, according to a new report by MarketsandMarkets™.
- CHICAGO, March 24, 2023 /PRNewswire/ -- The global 5G IoT Market size 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, according to a new report by MarketsandMarkets™.
- Heavy IoT investments are driving the growth of the 5G IoT Market.
- Asia Pacific is the fastest-growing region in the 5G IoT Market.
- These countries have sustainable and well-established economic growth, empowering them to increasingly invest in R&D activities, thereby contributing to developing the 5G IoT Market.