The US 5G IoT market is projected to grow at a modest CAGR of 38.5% during the forecast period (2021-2027). The key aspect that drives the growth of the market includes the rising demand for wireless networks of high speed along with key players focuses on expanding 5G IoT network by using new technology. For instance, in May 2020, Verizon has announced the expansion of its 5G networks with Movandi Corp. equipment. Movandi develops components for the mmWave system of ultra-high-frequency radio transmissions used in high-speed wireless broadband communication. 

Apart from it, in the same month, it has announced several new 5G milestones, including the establishment of a virtual lab for the development of innovative 5G solutions and apps for consumers, businesses, and government agencies. In addition, Verizon launched a 5G Ultra Wideband service in San Diego, making it the 35th city to do so. Thus, the strategies adopted by the major players for the expansion of the network with high speed for fulfilling the demand to get real-time access information post-COVID-19 are to drive the growth of the market in the country.

The US 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. 

Further, AT&T, Inc., Cisco Systems Inc., IBM Corp., Qualcomm Inc., Verizon Enterprises Solutions, Inc., Aeris Communications, Inc., and T-Mobile USA Inc., among others are some of the prominent players functioning in the US 5G IoT market. New product launches & developments, partnerships, agreements, and acquisitions are some of the growth strategies adopted by the players in order to sustain in the highly competitive market. For instance, in February 2020, Verizon and Emory Healthcare announced a collaborative agreement to develop and test 5G Ultra Wideband-enabled application cases to assist change the healthcare business. With Verizon's 5G Ultra Wideband service, Emory Healthcare Innovation Hub (EHIH) became the nation's first 5G healthcare innovation lab.

RESEARCH METHODOLOGY

The market study of the US 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 solution provider companies, 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. US 5G IoT Market Research and Analysis by Components
2. US 5G IoT Market Research and Analysis by Network
3. US 5G IoT Market Research and Analysis by End-User Industry

The Report covers:

• Comprehensive research methodology of the US 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 US 5G IoT market.
• Insights about market determinants which are stimulating the US 5G IoT market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of the market players.