Asia-Pacific 5G IoT Market Trends 2021 | Segmentation, Outlook, Industry Report to 2027
The Asia-Pacific 5G IoT market is anticipated to grow significantly at a CAGR of 40.5% over the forecast period (2021-2027). China, India, Japan, ASEAN, South Korea, and the Rest of Asia-Pacific are the key economies contributing to the growth of the Asia-Pacific 5G IoT market over the forecast period. The key aspect that drives the Asia-Pacific 5G IoT market growth is the extensive growth in the manufacturing and smart city end-user industry in the region. China leads the Asia-Pacific market in IoT expenditures, accounting for more than half of all investments, followed by Japan and Australia, and a major contributor to the high growth of the 5G IoT market in the Asia-Pacific region over the forecast period. For instance, in March 2021, Fujitsu Ltd., a Japan-based company announced that its Oyama factory in Tochigi Prefecture, Japan, has begun operating a private 5G network. Fujitsu will be able to play a key role in delivering digital transformation (DX) for plant operations, including field automation and remote support, for the network's 4.7 GHz band SA and 28 GHz extended frequency band NSA.
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Further, a significant rise in smart city projects is strengthening the
growth of the market in the region. The Eastern Economic Corridor (EECO), a
special economic zone in eastern Thailand made up of three provinces, has
teamed up with state-owned National Telecommunications (NT) to launch the
country's first 5G pilot. Under the plan, the district of Ban Chang, Rayong,
will become Thailand’s first progressive smart city. Apart from it, as per the
German Asia-Pacific Business Association, the Chinese government is pushing the
development of smart cities counting nearly 500 pilot projects in March 2019.
Smart cities have buildings with many floors, which contribute to the demand
for 5G IoT solutions, and the $50 million Smart Cities and Suburbs Program of
the Australian Government invests in creative technology-based solutions to
urban difficulties in Australia's cities, suburbs, and towns, which are likely
to drive the growth of the Asia-Pacific 5G IoT market over the forecast period.
Furthermore, India and Japan markets are also likely to witness substantial
growth in the near future.
A full
Report of Asia-Pacific 5G IoT Market is Available at: https://www.omrglobal.com/industry-reports/asia-pacific-5g-iot-market
·
Market
number available for – 2020-2027
·
Base
year- 2020
·
Forecast
period- 2021-2027
·
Segment
Covered
·
By
Component
·
By
Network
·
By
End-User
·
Region
Covered-
·
Asia-Pacific
·
Competitive
Landscape- AT&T, Inc., China Mobile Ltd., Huawei Technologies Co. Ltd.,
Samsung Electronics Co., Ltd., ZTE Corp., Fujitsu Ltd., NEC Corp., and SK
Telecom Company Ltd.
·
Hardware
·
Platform
·
Connectivity
Services
·
Professional
Services
·
Managed
Services
By Network
·
5G
Standalone
·
5G
Non-Standalone
By
End-User
·
BFSI
·
Manufacturing
·
Healthcare
·
Energy
and Utilities
·
Automotive
and Transportation
·
Government
and Defense
·
Residential
·
Others
End-User (Smart Building, Agriculture, and Education)
Asia-Pacific
5G IoT Market – Countries Covered
·
Asia-Pacific
·
China
·
India
·
Japan
·
ASEAN
·
South
Korea
Rest of
Asia-Pacific
Company
Profiles
·
Bharti
Airtel, Ltd.
·
Fibocom
Wireless, Inc.
·
Fujitsu,
Ltd.
·
GosuncnWelink
Corp.
·
KT
Corp.
·
KPMG
Huazhen LLP
·
LG
Uplus Corp.
·
NEC
Corp.
·
NTT
DoCoMo Inc.
·
Neoway
Technology Co. ltd.
·
Quectel
Wireless Solutions Co., Ltd.
·
Sunway
Communication Co., Ltd
·
SK
Telecom Co., Ltd.
·
Tongyu
Communication, Inc.
·
VeriSilicon
Microelectronics (Shanghai) Co., Ltd.
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