With the advent of the new 5G generation, its high-speed, low latency and multi-connection characteristics combined with Artificial Intelligence and Internet of Things technologies will drive new business opportunities in AIoT, such as smart city, industrial automation and AI software.
According to the IEK Consulting report of Industrial Technology Research Institute, the overall 5G market will grow from USD 4.3 billion in 2019 to USD 230.3 billion in 2023. The CAGR (Compound Annual Growth Rate) is up to 171%.
