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5G Industrial IOT Market Grow drastically at USD 15.7 billion in 2026: Exclusive Report by MnM 5G Industrial IOT Market According to a research report "5G Industrial IOT Market by Component (Hardware, Solutions, and Services), Organization Size, Application (Predictive Maintenance, Business Process Optimization), End User (Process Industries and Discrete Industries) and Region - Global Forecast to 2026", size is projected to grow from USD 0.5 billion in 2020 to USD 15.7 billion in 2026, at a Compound Annual Growth Rate (CAGR) of 79.1% during the forecast period. The major factors driving the growth of the 5G Industrial IOT market include growth in data traffic due to increasing number of IoT devices across manufacturing industries, increasing demand for high reliability and low latency networks in manufacturing industries, growth in number of M2M connections across manufacturing industries, and rising need of preventive maintenance for critical equipment. Browse 147 market data Tables and 55 Figures spread through 227 Pages and in-depth TOC on "5G Industrial IOT Market by Component (Hardware, Solutions, and Services), Organization Size, Application (Predictive Maintenance, Business Process Optimization), End User (Process Industries and Discrete Industries) and Region Global Forecast to 2026" Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=258071167 Based on application, the asset tracking and management segment is expected to lead the market during the forecast period Asset tracking and management is instrumental in managing physical assets and the performance of equipment on the manufacturing floor. The protection of physical assets, such as plants, machinery, and fleet, is the backbone of manufacturing operations. As a huge number of assets need to be tracked in manufacturing operations, strong and reliable connectivity is required to ensure the efficiency of the process; here, 5G comes into picture. The 5G technology is expected to expand opportunities in manufacturing industries through monitoring, tracking, and automation capabilities on a large scale. The technology will reduce costs, improve efficiency, and provide real-time for performing asset tracking. Asset management and tracking enabled with 5G technologies has the potential to be the nextgeneration of asset management providing benefits, such as optimization of manufacturing practices, timely prediction for asset maintenance, and improved and enhanced workforce safety. Based on end user, the discrete industries segment is expected to grow at a higher CAGR during the forecast period The discrete industries are concerned with the manufacturing and production of distinct units, such as automobiles, furniture, toys, smartphones, and airplanes. The growth of IoT is leading to improvements in discrete industries. In discrete industries, IoT-enabled smart connected