China 5G IoT market is projected to grow at a considerable CAGR of 43.5% during the forecast period (2021-2027). The market is set to display impressive growth during the augur period with some key trends emerging, such as the rising number of IoT-based telecom users in the country. For instance, in May 2021, China Telecom's 5G Narrow Band-Internet of Things (NB-IoT) customer base has been growing more than 100 million, marking a new milestone. According to local Chinese media reports, this is the industry's greatest number of 5G NB-IoT connections ever, making China Telecom the largest global NB-IoT provider and the first carrier to create such a big user base. 

NB-IoT was officially endorsed as one of the global 5G standard systems in July 2020, opening the path for it to become a critical component of 5G's three primary use cases. Smart firefighting, security monitoring, urban facility management, smart housing, passenger automobile, charging device management, and smart appliances are all supported by China Telecom's IoT services. Thus, during the period from July 2020 to May 2021, it has been risen rapidly due to the rising demand for IoT-based technology, and fast internet such as 5G network, during the COVID-19 pandemic.

China 5G IoT market is segmented based on components, networks, and the end-user industry. Based on the components, the market is segmented as hardware, platform, connectivity, and services. Based on the network, the market is segmented into 5G standalone, and 5G non-standalone. Apart from it, based on the end-user industry, the market is classified into BFSI, manufacturing, healthcare, energy and utilities, automotive and transportation, government and defense, residential, and others.  The end-user segment in the country is growing due to the deployment of 5G IoT technology in every sector.

Further, China Mobile Ltd., GosuncnWelink Corp., Huawei Technologies Co. Ltd., Quectel Wireless Solutions Co., Ltd., ZTE Corp., and KPMG Huazhen LLP, among others are some of the prominent players functioning in the China 5G IoT market. New product launches & developments, partnerships, agreements, and acquisitions are some of the growth strategies adopted by the players to sustain in the highly competitive market. For instance, in June 2020, ZTE Corp, a leading provider of mobile Internet telecommunications, enterprise, and consumer technology solutions, announced the development of China's first 5G medical edge cloud platform with China Mobile Ltd. It is the market's first 5G intelligent edge cloud platform, adopting a cloud-network integrated architecture, as a new-generation 5G information communication infrastructure for medical industry customers.

RESEARCH METHODOLOGY

The market study of the China 5G IoT market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary sources include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report is intended for 5G IoT companies for the applications such as manufacturing, BFSI, healthcare, and others, research institutes and universities, other related companies, and government organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. China 5G IoT Market Research and Analysis by Component
2. China 5G IoT Market Research and Analysis by Network
3. China 5G IoT Market Research and Analysis by End-User Industry

The Report covers:

• Comprehensive research methodology of the China 5G IoT market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the China 5G IoT market.
• Insights about market determinants which are stimulating the China 5G IoT market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of the market players.