North America 5G IoT Market to reach $65.9 billion by 2035

Published: Jan 2026

North American 5G IoT market was valued at $2.2 billion in 2025 and is projected to reach $65.9 billion by 2035, growing at a CAGR of 40.5% during the forecast period 2026 to 2035, according to a new report by Orion Market Research. Network slicing, public network slices, edge computing, analytics platforms, and 5G-compatible devices drive the North American 5G IoT market.  Among these, 5G Standalone (SA) networks are the major driver, as they provide ultra-reliable, low-latency connectivity and enable large-scale IoT deployments across industries, smart cities, and healthcare.

Browse the full report description of “North America 5G IoT Market Size, Share & Trends Analysis Report by Components (Hardware, Platform, Connectivity, and Services), by Network (5G Standalone, and 5G Non-Standalone), and by End-User Industry (BFSI, Manufacturing, Healthcare, Energy and Utilities, Automotive and Transportation, Government and Defense, Residential, and Others), Forecast Period (2026-2035)” of https://www.omrglobal.com/industry-reports/north-american-5g-iot-market

 5G Standalone Driving North America IoT Growth

The transition to 5G Standalone (SA) networks and 5G-Advanced is a critical growth driver for the IoT and smart infrastructure market. Unlike earlier Non-Standalone (NSA) networks, 5G SA leverages a dedicated 5G core, enabling ultra-low latency, high reliability, and network programmability capabilities essential for large-scale IoT deployments across cities, industries, and enterprises. One of the key innovations supported by 5G SA is network slicing, which allows operators to create virtual partitions of the network tailored to specific applications, such as high-reliability slices for healthcare facilities or high-bandwidth slices for stadiums and industrial campuses.

Public network slicing is also transforming the economics of deploying secure, high-performance networks. Organizations can lease a virtual “slice” of a public 5G network, gaining the benefits of dedicated connectivity, including security, isolation, and control, without the massive capital expenditure required to build private LTE or 5G infrastructure. This approach lowers barriers to entry for small and medium enterprises, enabling them to adopt advanced IoT solutions that were previously only feasible for large corporations. Consequently, there is growing demand for slice-enabled connectivity services, compatible IoT devices, edge computing solutions, and analytics platforms, fueling expansion across the IoT ecosystem and accelerating adoption in smart cities, industrial automation, healthcare, and enterprise applications.

In conclusion, the adoption of 5G Standalone (SA) networks is the primary driver of growth in the North American 5G IoT market. By providing ultra-reliable, low-latency, and secure connectivity, 5G SA enables large-scale deployments across industrial automation, smart cities, healthcare, and enterprise IoT. While supporting technologies such as network slicing and public network leasing help reduce deployment costs and complexity, it is 5G Standalone that serves as the central catalyst, driving strong demand for 5G-compatible IoT devices, edge computing solutions, analytics platforms, and slice-enabled connectivity services in the region.

Recent Key Developments in the North America 5G IoT market 

  • In June 2025, Semtech’s AirLink XR60 5G router received Verizon Frontline Verified certification, enabling prioritized mission?critical connectivity with the carrier’s frontline network slice. This partnership supports public safety and enterprise applications requiring ultra?reliable IoT connectivity.
  • In September 2025, GlobalLogic and Ericsson partnered to design and deploy a state?of?the?art private 5G network at Hitachi Rail’s digital manufacturing facility in Hagerstown, Maryland. This network provides ultra?low latency, high?bandwidth connectivity to support advanced automation, predictive maintenance, digital twins, and other industrial IoT applications.

Market Coverage

  • The market number available for – 2025-2035
  • Base year- 2025
  • Forecast period- 2026-2035
  • Segment Covered-
    • Component
    • Network
    • End-User
  • Competitive Landscape – AT&T Inc., Cisco Systems, Inc., Qualcomm Technologies, Inc., T-Mobile US, Inc. and Verizon Communications Inc.

Key questions addressed by the report.

  • What is the market growth rate?
  • Which segment and region dominate the market in the base year?
  • Which segment and region will project the fastest growth in the market?
  • Who is the leader in the market?
  • How are players addressing challenges to sustain growth?
  • Where is the investment opportunity?

 North America 5G IoT Market Report Segment

By Component

  • Hardware
  • Platform
  • Connectivity
  • Services
  • Professional Services
  • Managed Services

By Network

  • 5G Standalone
  • 5G Non-Standalone

By End-User

  • BFSI
  • Manufacturing
  • Healthcare
  • Energy and Utilities
  • Automotive and Transportation
  • Government and Defense
  • Residential
  • Others End-User (Smart Building, Agriculture, and Education)

North America 5G IoT Market Report Segment by Region

  • United States
  • Canada

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/north-american-5g-iot-market