5G IoT Market was valued USD 2.4 billion and is estimated to reach USD 141.1 billion by 2029 | Size & Forecast_kvoa

5G IoT Market size was estimated at USD 2.4 billion in 2021, and is expected to reach USD 141.1 billion by 2029, expanding at a CAGR of 66.4% over the forecast period 2022-2029. Major factors driving global 5G IoT market are growing adoption of connected devices by companies for real time market analysis for location-base data, advancements in wireless technologies and increasing investments in Internet of Things (IoT) technology.

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