5G IoT Market Forecast: Projected Growth from USD 7.76 Billion in 2023 to USD 359.59 Billion by 2030
A) Market Size The 5G IoT market was valued at USD 7.76 billion in 2023 and is forecasted to reach an impressive USD 359.59 billion by 2030, reflecting a CAGR of 72.96% throughout the forecast period. This growth signifies the accelerating adoption of 5G technologies in various sectors, enhancing connectivity and enabling new applications.
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