Market Share of 5G IoT Industry
The 5G IoT Market is highly fragmented, with major players like Nokia Corporation, AT&T Inc., Huawei Technologies Co Ltd, Telefonaktiebolaget LM Ericsson, and ZTE Corporation. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
In June 2023, Ericsson and Ooredoo Qatar signed a five-year extension of their 5G deal during Ooredoo Qatar's visit to Ericsson's headquarters in Kista, Sweden, to increase collaboration on radio access network (RAN) products and services. Ericsson will deliver advanced 5G RAN solutions and services that enable faster data speeds, allowing Ooredoo Qatar to explore new 5G use cases and connectivity opportunities for subscribers, leverage the potential of Internet of Things (IoT) applications, and explore emerging technologies like artificial intelligence (AI), and machine learning (ML) for optimizing network performance and user experience.
In February 2023, Cisco and NEC Corporation announced plans to expand their collaboration efforts to include system integration solutions and potential opportunities in 5G xHaul and private 5G to help consumer transform their architecture and connect more people and things.
5G Internet of Things (IoT) Market Leaders
Nokia Corporation
AT&T Inc.
Huawei Technologies Co Ltd
Telefonaktiebolaget LM Ericsson
ZTE Corporation
*Disclaimer: Major Players sorted in no particular order
