Industry 4.0, also known as the fourth industrial revolution, is a term that refers to a higher degree of automation with the purpose of increasing operational productivity and efficiency. This is accomplished through merging the virtual and physical worlds within an industry. Because Industry 4.0 was unable to adapt to and satisfy the growing need for customization, the term "Industry 5.0" was coined to address customised production and empower people in industrial processes. To provide manufacturing solutions that are more user-friendly and resource-efficient than those provided by Industry 4.0, the goal of Industry 5.0, which is thought of as the next stage in the development of industry. This will be accomplished by combining effective, intelligent, and precise machinery. Industry 5.0 is projected to reap the benefits of a wide range of potentially useful technologies and applications that will make it possible to boost production and facilitate the on-demand supply of individualised products. We then elaborately discuss the potential applications of Industry 5.0, such as Information and communications, Real estate, Business services, Manufacturing, Finance/Insurance, Public admin, Automotive, Healthcare. This acts as the impetus for the writing of this article, which use text mining tools and procedures to uncover and assess the many subjects and research trends associated with what Industry 5.0 is doing.