The growth of the 5G IoT market size is being driven by a number of factors, including the increasing adoption of 5G networks, the growing demand for IoT devices, and the development of new IoT applications. The 5G IoT market is projected to grow from USD 5.94 Billion in 2023 to USD 11.08 Billion by 2032, at a CAGR of 8.10% during the forecast period (2023 – 2032).