5G IoT Market Size and Projected Growth The global 5G IoT market was valued at USD 7.76 billion in 2023, with projections to reach USD 359.59 billion by 2030, growing at an astounding CAGR of 72.96% through the forecast period. This growth is driven by the increasing adoption of IoT devices that leverage 5G's enhanced connectivity, which enables faster and more reliable data transfer across industries.
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