5G Enabled Industrial IoT (IIoT) Market 2020-2030 by Offering, Application, Industry Vertical, and Region: Trend Forecast and Growth Opportunity
- Report ID: 3530
- Date: Sep, 2021
- Pages: 174
- Category: ICT & Media
Global 5G enabled IIoT market will reach $314.6 billion by 2030, growing by 26.9% annually over 2020-2030 despite the impact of COVID-19. The shipment of 5G enabled IIoT devices is expected to advance to 189.2 million units in 2030 driven by the fast-growing 5G deployment and its industrial applications.
Highlighted with 86 tables and 82 figures, this 174-page report “Global 5G Enabled Industrial IoT (IIoT) Market 2020-2030 by Offering, Application, Industry Vertical, and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global 5G enabled IIoT market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain.
The report is based on studies on 2015-2019 and provides forecast from 2020 till 2030 with 2019 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global 5G enabled IIoT market in every aspect of the classification from perspectives of Offering, Application, Industry Vertical, and Region.
Based on offering, the global market is segmented into the following sub-markets with annual revenue for 2019-2030 included in each section.
Hardware
• Processors
• Sensors
• Memory
• RFID
• Other Hardware
Software
Solutions
Services
• Analytics
• Consulting
• Professional Service
Based on application, the global market is segmented into the following sub-markets with annual revenue for 2019-2030 included in each section.
• Remote Monitoring & Management
• Autonomous Robots
• Connectivity Solutions
• Infrastructure Solutions
• Interoperability Testing & Measurement
• AI-based Solution
• Data Analytics & Visualization
• Other Applications
Based on industry vertical, the global market is segmented into the following sub-markets with annual revenue for 2019-2030 included in each section.
• Manufacturing
• Healthcare
• Energy and Power
• Agriculture
• Transportation
• E-commerce and Retail
• Other Verticals
Geographically, the following regions together with the listed national/local markets are fully investigated:
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• RoW (Saudi Arabia, UAE, South Africa)
For each of the aforementioned regions and countries, detailed analysis and data for annual revenue are available for 2019-2030. The breakdown of all regional markets by country and split of key national markets by Offering, Application, and Industry Vertical over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in global 5G enabled IIoT market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.
Key Players (this may not be a complete list and extra companies can be added upon request):
AT&T Inc.
Broadcom Corporation
China Mobile
Cisco Systems Inc.
Deutsche Telekom AG
Ericsson AB
Fujitsu Ltd.
Huawei Technologies Co. Ltd.
Intel Corporation
KT Corporation
LG Electronics Inc.
LG Uplus Corp.
NEC Corporation
Nokia Networks
NTT DATA Corporation
NTT DoCoMo Inc.
Qualcomm Incorporated
Samsung Electronics Co. Ltd.
SingTel
SK Telecom Co. Ltd.
T-Mobile US Inc.
Verizon Communications
ZTE Corporation
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1.1 Industry Definition and Research Scope 8
1.1.1 Industry Definition 8
1.1.2 Research Scope 10
1.2 Research Methodology 13
1.2.1 Overview of Market Research Methodology 13
1.2.2 Market Assumption 14
1.2.3 Secondary Data 14
1.2.4 Primary Data 14
1.2.5 Data Filtration and Model Design 16
1.2.6 Market Size/Share Estimation 17
1.2.7 Research Limitations 18
1.3 Executive Summary 19
2 Market Overview and Dynamics 21
2.1 Market Size and Forecast 21
2.2 Major Growth Drivers 23
2.3 Market Restraints and Challenges 28
2.4 Emerging Opportunities and Market Trends 32
2.5 Porter’s Fiver Forces Analysis 36
3 Segmentation of Global Market by Offering 40
3.1 Market Overview by Offering 40
3.2 Hardware 42
3.3 Software 44
3.4 Solutions 45
3.5 Services 46
4 Segmentation of Global Market by Application 48
4.1 Market Overview by Application 48
4.2 Remote Monitoring & Management 52
4.3 Autonomous Robots 53
4.4 Connectivity Solutions 54
4.5 Infrastructure Solutions 55
4.6 Interoperability Testing & Measurement 56
4.7 AI-based Solution 57
4.8 Data Analytics & Visualization 58
4.9 Other Applications 59
5 Segmentation of Global Market by Industry Vertical 60
5.1 Market Overview by Industry Vertical 60
5.2 Manufacturing 62
5.3 Healthcare 63
5.4 Energy and Power 64
5.5 Agriculture 65
5.6 Transportation 66
5.7 E-commerce and Retail 67
5.8 Other Verticals 68
6 Segmentation of Global Market by Region 69
6.1 Geographic Market Overview 2019-2030 69
6.2 North America Market 2019-2030 by Country 73
6.2.1 Overview of North America Market 73
6.2.2 U.S. 77
6.2.3 Canada 81
6.2.4 Mexico 83
6.3 European Market 2019-2030 by Country 85
6.3.1 Overview of European Market 85
6.3.2 Germany 89
6.3.3 UK 91
6.3.4 France 93
6.3.5 Spain 95
6.3.6 Italy 97
6.3.7 Russia 99
6.3.8 Rest of European Market 101
6.4 Asia-Pacific Market 2019-2030 by Country 103
6.4.1 Overview of Asia-Pacific Market 103
6.4.2 Japan 107
6.4.3 China 110
6.4.4 Australia 112
6.4.5 India 114
6.4.6 South Korea 116
6.4.7 Rest of APAC Region 118
6.5 South America Market 2019-2030 by Country 120
6.5.1 Argentina 123
6.5.2 Brazil 125
6.5.3 Chile 127
6.5.4 Rest of South America Market 129
6.6 Rest of World Market 2019-2030 by Country 130
6.6.1 UAE 133
6.6.2 Saudi Arabia 135
6.6.3 South Africa 137
6.6.4 Other National Markets 139
7 Competitive Landscape 140
7.1 Overview of Key Vendors 140
7.2 New Product Launch, Partnership, Investment, and M&A 143
7.3 Company Profiles 144
AT&T Inc. 144
Broadcom Corporation 146
China Mobile 147
Cisco Systems Inc. 148
Deutsche Telekom AG 149
Ericsson AB 150
Fujitsu Ltd. 151
Huawei Technologies Co. Ltd. 152
Intel Corporation 153
KT Corporation 154
LG Electronics Inc. 155
LG Uplus Corp. 156
NEC Corporation 157
Nokia Networks 158
NTT DATA Corporation 159
NTT DoCoMo Inc. 160
Qualcomm Incorporated 161
Samsung Electronics Co. Ltd. 162
SingTel 163
SK Telecom Co. Ltd. 164
T-Mobile US Inc. 165
Verizon Communications 166
ZTE Corporation 167
8 Investing in Global Market: Risk Assessment and Management 168
8.1 Risk Evaluation of Global Market 168
8.2 Critical Success Factors (CSFs) 171
Related Reports and Products 174
List of Tables
Table 1. Snapshot of Global 5G Enabled IIoT Market, 2019-2030 20Table 2. World Smartphone Connections, Average Network Connection Speed for Smartphones and Tablets, 2019-2030 26
Table 3. World Mobile Data Traffic by Deployment Mode, 2019-2030, EB/year 27
Table 4. World Mobile Data Traffic by Device, 2019-2030, EB/year 27
Table 5. Main Product Trends and Market Opportunities in Global 5G Enabled IIoT Market 32
Table 6. Global 5G Enabled IIoT Market by Offering, 2019-2030, $ bn 40
Table 7. Global 5G Enabled IIoT Market: Hardware by Type, 2019-2030, $ bn 43
Table 8. Global 5G Enabled IIoT Market: Services by Type, 2019-2030, $ bn 47
Table 9. Global 5G Enabled IIoT Market by Application, 2019-2030, $ bn 50
Table 10. Global Market by Industry Vertical, 2019-2030, $ bn 60
Table 11. Global 5G Enabled IIoT Market by Region, 2019-2030, $ bn 70
Table 12. Leading National 5G Enabled IIoT Market, 2019 and 2030, $ bn 72
Table 13. North America 5G Enabled IIoT Market by Country, 2019-2030, $ bn 75
Table 14. U.S. 5G Enabled IIoT Market by Offering, 2019-2030, $ bn 79
Table 15. U.S. 5G Enabled IIoT Market by Application, 2019-2030, $ bn 79
Table 16. U.S. 5G Enabled IIoT Market by Industry Vertical, 2019-2030, $ bn 79
Table 17. Canada 5G Enabled IIoT Market by Offering, 2019-2030, $ bn 82
Table 18. Canada 5G Enabled IIoT Market by Application, 2019-2030, $ bn 82
Table 19. Canada 5G Enabled IIoT Market by Industry Vertical, 2019-2030, $ bn 82
Table 20. Mexico 5G Enabled IIoT Market by Offering, 2019-2030, $ bn 84
Table 21. Mexico 5G Enabled IIoT Market by Application, 2019-2030, $ bn 84
Table 22. Mexico 5G Enabled IIoT Market by Industry Vertical, 2019-2030, $ bn 84
Table 23. Europe 5G Enabled IIoT Market by Country, 2019-2030, $ bn 88
Table 24. Germany 5G Enabled IIoT Market by Offering, 2019-2030, $ bn 90
Table 25. Germany 5G Enabled IIoT Market by Application, 2019-2030, $ bn 90
Table 26. Germany 5G Enabled IIoT Market by Industry Vertical, 2019-2030, $ bn 90
Table 27. UK 5G Enabled IIoT Market by Offering, 2019-2030, $ bn 92
Table 28. UK 5G Enabled IIoT Market by Application, 2019-2030, $ bn 92
Table 29. UK 5G Enabled IIoT Market by Industry Vertical, 2019-2030, $ bn 92
Table 30. France 5G Enabled IIoT Market by Offering, 2019-2030, $ bn 94
Table 31. France 5G Enabled IIoT Market by Application, 2019-2030, $ bn 94
Table 32. France 5G Enabled IIoT Market by Industry Vertical, 2019-2030, $ bn 94
Table 33. Spain 5G Enabled IIoT Market by Offering, 2019-2030, $ bn 96
Table 34. Spain 5G Enabled IIoT Market by Application, 2019-2030, $ bn 96
Table 35. Spain 5G Enabled IIoT Market by Industry Vertical, 2019-2030, $ bn 96
Table 36. Italy 5G Enabled IIoT Market by Offering, 2019-2030, $ bn 98
Table 37. Italy 5G Enabled IIoT Market by Application, 2019-2030, $ bn 98
Table 38. Italy 5G Enabled IIoT Market by Industry Vertical, 2019-2030, $ bn 98
Table 39. Russia 5G Enabled IIoT Market by Offering, 2019-2030, $ bn 100
Table 40. Russia 5G Enabled IIoT Market by Application, 2019-2030, $ bn 100
Table 41. Russia 5G Enabled IIoT Market by Industry Vertical, 2019-2030, $ bn 100
Table 42. 5G Enabled IIoT Market in Rest of Europe by Country, 2019-2030, $ bn 102
Table 43. APAC 5G Enabled IIoT Market by Country, 2019-2030, $ bn 105
Table 44. Japan 5G Enabled IIoT Market by Offering, 2019-2030, $ bn 109
Table 45. Japan 5G Enabled IIoT Market by Application, 2019-2030, $ bn 109
Table 46. Japan 5G Enabled IIoT Market by Industry Vertical, 2019-2030, $ bn 109
Table 47. China 5G Enabled IIoT Market by Offering, 2019-2030, $ bn 111
Table 48. China 5G Enabled IIoT Market by Application, 2019-2030, $ bn 111
Table 49. China 5G Enabled IIoT Market by Industry Vertical, 2019-2030, $ bn 111
Table 50. Australia 5G Enabled IIoT Market by Offering, 2019-2030, $ bn 113
Table 51. Australia 5G Enabled IIoT Market by Application, 2019-2030, $ bn 113
Table 52. Australia 5G Enabled IIoT Market by Industry Vertical, 2019-2030, $ bn 113
Table 53. India 5G Enabled IIoT Market by Offering, 2019-2030, $ bn 115
Table 54. India 5G Enabled IIoT Market by Application, 2019-2030, $ bn 115
Table 55. India 5G Enabled IIoT Market by Industry Vertical, 2019-2030, $ bn 115
Table 56. South Korea 5G Enabled IIoT Market by Offering, 2019-2030, $ bn 117
Table 57. South Korea 5G Enabled IIoT Market by Application, 2019-2030, $ bn 117
Table 58. South Korea 5G Enabled IIoT Market by Industry Vertical, 2019-2030, $ bn 117
Table 59. 5G Enabled IIoT Market in Rest of APAC by Country, 2019-2030, $ bn 119
Table 60. South America 5G Enabled IIoT Market by Country, 2019-2030, $ bn 122
Table 61. Argentina 5G Enabled IIoT Market by Offering, 2019-2030, $ bn 124
Table 62. Argentina 5G Enabled IIoT Market by Application, 2019-2030, $ bn 124
Table 63. Argentina 5G Enabled IIoT Market by Industry Vertical, 2019-2030, $ bn 124
Table 64. Brazil 5G Enabled IIoT Market by Offering, 2019-2030, $ bn 126
Table 65. Brazil 5G Enabled IIoT Market by Application, 2019-2030, $ bn 126
Table 66. Brazil 5G Enabled IIoT Market by Industry Vertical, 2019-2030, $ bn 126
Table 67. Chile 5G Enabled IIoT Market by Offering, 2019-2030, $ bn 128
Table 68. Chile 5G Enabled IIoT Market by Application, 2019-2030, $ bn 128
Table 69. Chile 5G Enabled IIoT Market by Industry Vertical, 2019-2030, $ bn 128
Table 70. RoW 5G Enabled IIoT Market by Country, 2019-2030, $ bn 132
Table 71. UAE 5G Enabled IIoT Market by Offering, 2019-2030, $ bn 134
Table 72. UAE 5G Enabled IIoT Market by Application, 2019-2030, $ bn 134
Table 73. UAE 5G Enabled IIoT Market by Industry Vertical, 2019-2030, $ bn 134
Table 74. Saudi Arabia 5G Enabled IIoT Market by Offering, 2019-2030, $ bn 136
Table 75. Saudi Arabia 5G Enabled IIoT Market by Application, 2019-2030, $ bn 136
Table 76. Saudi Arabia 5G Enabled IIoT Market by Industry Vertical, 2019-2030, $ bn 136
Table 77. South Africa 5G Enabled IIoT Market by Offering, 2019-2030, $ bn 138
Table 78. South Africa 5G Enabled IIoT Market by Application, 2019-2030, $ bn 138
Table 79. South Africa 5G Enabled IIoT Market by Industry Vertical, 2019-2030, $ bn 138
Table 80. AT&T Inc.: Company Snapshot 144
Table 81. AT&T Inc.: Business Segmentation 144
Table 82. AT&T Inc.: Product Portfolio 145
Table 83. AT&T Inc.: Revenue, 2016-2018, $ bn 145
Table 84. AT&T Inc.: Recent Developments 145
Table 85. Risk Evaluation for Investing in Global Market, 2019-2030 169
Table 86. Critical Success Factors and Key Takeaways 172
List of Figures
Figure 1. Research Method Flow Chart 13Figure 2. Breakdown of Primary Research 15
Figure 3. Bottom-up Approach and Top-down Approach for Market Estimation 17
Figure 4. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2030 19
Figure 5. Global 5G Enabled IIoT Market, 2019-2030, $ bn 21
Figure 6. Global 5G Enabled IIoT Devices by Shipment, 2019-2030, million units 22
Figure 7. Share of 5G Enabled IIoT in Total IIoT, 2019-2030, % of Revenue 22
Figure 8. Primary Drivers and Impact Factors of Global 5G Enabled IIoT Market 23
Figure 9. World 5G Traffic, 2019-2030, EB/year 26
Figure 10. Primary Restraints and Impact Factors of Global 5G Enabled IIoT Market 28
Figure 11. Security Concerns and Solutions in 5G-based IoT Networks 29
Figure 12. Investment Opportunity Analysis 33
Figure 13. Porter’s Fiver Forces Analysis of Global 5G Enabled IIoT Market 36
Figure 14. Breakdown of Global 5G Enabled IIoT Market by Offering, 2019-2030, % of Sales Revenue 40
Figure 15. Global Addressable Market Cap in 2020-2030 by Offering, Value ($ bn) and Share (%) 41
Figure 16. Global 5G Enabled IIoT Market: Hardware, 2019-2030, $ bn 42
Figure 17. Global 5G Enabled IIoT Market: Software, 2019-2030, $ bn 44
Figure 18. Global 5G Enabled IIoT Market: Solutions, 2019-2030, $ bn 45
Figure 19. Global 5G Enabled IIoT Market: Services, 2019-2030, $ bn 46
Figure 20. IoT Requirements and The Importance of Key Capabilities in Different Usage Scenarios 48
Figure 21. An Architectural View of the 5G Network Slicing 49
Figure 22. Breakdown of Global 5G Enabled IIoT Market by Application, 2019-2030, % of Sales Revenue 50
Figure 23. Global Addressable Market Cap in 2020-2030 by Application, Value ($ bn) and Share (%) 51
Figure 24. Global 5G Enabled IIoT Market: Remote Monitoring & Management, 2019-2030, $ bn 52
Figure 25. Global 5G Enabled IIoT Market: Autonomous Robots, 2019-2030, $ bn 53
Figure 26. Global 5G Enabled IIoT Market: Connectivity Solutions, 2019-2030, $ bn 54
Figure 27. Global 5G Enabled IIoT Market: Infrastructure Solutions, 2019-2030, $ bn 55
Figure 28. Global 5G Enabled IIoT Market: Interoperability Testing & Measurement, 2019-2030, $ bn 56
Figure 29. Global 5G Enabled IIoT Market: AI-based Solution, 2019-2030, $ bn 57
Figure 30. Global 5G Enabled IIoT Market: Data Analytics & Visualization, 2019-2030, $ bn 58
Figure 31. Global 5G Enabled IIoT Market: Other Applications, 2019-2030, $ bn 59
Figure 32. Breakdown of Global Market by Industry Vertical, 2019-2030, % of Revenue 60
Figure 33. Global Addressable Market Cap in 2020-2030 by Industry Vertical, Value ($ bn) and Share (%) 61
Figure 34. Global 5G Enabled IIoT Market: Manufacturing, 2019-2030, $ bn 62
Figure 35. Global 5G Enabled IIoT Market: Healthcare, 2019-2030, $ bn 63
Figure 36. Global 5G Enabled IIoT Market: Energy and Power, 2019-2030, $ bn 64
Figure 37. Global 5G Enabled IIoT Market: Agriculture, 2019-2030, $ bn 65
Figure 38. Global 5G Enabled IIoT Market: Transportation, 2019-2030, $ bn 66
Figure 39. Global 5G Enabled IIoT Market: E-commerce and Retail, 2019-2030, $ bn 67
Figure 40. Global 5G Enabled IIoT Market: Other Verticals, 2019-2030, $ bn 68
Figure 41. Global Market Snapshot by Region 69
Figure 42. Geographic Spread of Worldwide 5G Enabled IIoT Market, 2019-2030, % of Sales Revenue 70
Figure 43. Global Addressable Market Cap in 2020-2030 by Region, Value ($ bn) and Share (%) 71
Figure 44. North American 5G Enabled IIoT Market, 2019-2030, $ bn 74
Figure 45. Breakdown of North America 5G Enabled IIoT Market by Country, 2019 and 2030, % of Revenue 75
Figure 46. Contribution to North America 2020-2030 Cumulative Revenue by Country, Value ($ bn) and Share (%) 76
Figure 47. U.S. 5G Enabled IIoT Market, 2019-2030, $ bn 78
Figure 48. Canada 5G Enabled IIoT Market, 2019-2030, $ bn 81
Figure 49. 5G Enabled IIoT Market in Mexico, 2015-2026, $ bn 83
Figure 50. European 5G Enabled IIoT Market, 2019-2030, $ bn 86
Figure 51. Breakdown of European 5G Enabled IIoT Market by Country, 2019 and 2030, % of Revenue 87
Figure 52. Contribution to Europe 2020-2030 Cumulative Revenue by Country, Value ($ bn) and Share (%) 88
Figure 53. 5G Enabled IIoT Market in Germany, 2019-2030, $ bn 89
Figure 54. 5G Enabled IIoT Market in UK, 2019-2030, $ bn 91
Figure 55. 5G Enabled IIoT Market in France, 2019-2030, $ bn 93
Figure 56. 5G Enabled IIoT Market in Spain, 2019-2030, $ bn 95
Figure 57. 5G Enabled IIoT Market in Italy, 2019-2030, $ bn 97
Figure 58. 5G Enabled IIoT Market in Russia, 2019-2030, $ bn 99
Figure 59. 5G Enabled IIoT Market in Rest of Europe, 2019-2030, $ bn 101
Figure 60. Asia-Pacific 5G Enabled IIoT Market, 2019-2030, $ bn 104
Figure 61. Breakdown of APAC 5G Enabled IIoT Market by Country, 2019 and 2030, % of Revenue 104
Figure 62. Contribution to APAC 2020-2030 Cumulative Revenue by Country, Value ($ bn) and Share (%) 106
Figure 63. 5G Enabled IIoT Market in Japan, 2019-2030, $ bn 108
Figure 64. 5G Enabled IIoT Market in China, 2019-2030, $ bn 110
Figure 65. 5G Enabled IIoT Market in Australia, 2019-2030, $ bn 112
Figure 66. 5G Enabled IIoT Market in India, 2019-2030, $ bn 114
Figure 67. 5G Enabled IIoT Market in South Korea, 2019-2030, $ bn 116
Figure 68. 5G Enabled IIoT Market in Rest of APAC, 2019-2030, $ bn 118
Figure 69. South America 5G Enabled IIoT Market, 2019-2030, $ bn 121
Figure 70. Breakdown of South America 5G Enabled IIoT Market by Country, 2019 and 2030, % of Revenue 121
Figure 71. Contribution to South America 2020-2030 Cumulative Revenue by Country, Value ($ bn) and Share (%) 122
Figure 72. 5G Enabled IIoT Market in Argentina, 2019-2030, $ bn 123
Figure 73. 5G Enabled IIoT Market in Brazil, 2019-2030, $ bn 125
Figure 74. 5G Enabled IIoT Market in Chile, 2019-2030, $ bn 127
Figure 75. 5G Enabled IIoT Market in Rest of South America, 2019-2030, $ bn 129
Figure 76. 5G Enabled IIoT Market in Rest of the World (RoW), 2019-2030, $ bn 131
Figure 77. Breakdown of RoW 5G Enabled IIoT Market by Country, 2019 and 2030, % of Revenue 131
Figure 78. Contribution to RoW 2020-2030 Cumulative Revenue by Country, Value ($ bn) and Share (%) 132
Figure 79. 5G Enabled IIoT Market in UAE, 2019-2030, $ bn 133
Figure 80. 5G Enabled IIoT Market in Saudi Arabia, 2019-2030, $ bn 135
Figure 81. 5G Enabled IIoT Market in South Africa, 2019-2030, $ bn 137
Figure 82. Growth Stage of Global 5G Enabled IIoT Industry over the Forecast Period 140
Research methodology is mainly referring to the practical how of any offered piece of research. More specifically, it’s all about how a researcher systematically designs a study in order to assure extremely valid as well as reliable results that ultimately address the targets and objectives of the research.
In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.
This research methodology has been segmented into following types:
Primary Research:
It is said to be original information that the researchers collect for the crucial purposes of answering the research questions of readers with the help of surveys, observations and experiments.
Secondary Research:
The secondary research is the data that has already been collected by various other researchers in the form of government analysis or scientific studies.
Qualitative Research:
It is descriptive and subjective method irrespective of facts. Both observation and description are essential in this type of research methodology. Its main vision is to analyze knowledge, attitudes, behaviours as well as opinions of people related to the topic of any research. This method has been operated through grounded research, case study and actionable research.
Quantitative Research:
It contains several laboratory experiments, basic surveys, mathematical calculations, simulations and so on. The possible measurement, quantity or amount is considered to be a major factor in the quantitative research methodology.
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