Overview and Scope
5G system integration refers to the process of combining various components, technologies, and services into a unified system that enables the deployment and operation of 5G networks. This integration plays a critical role in helping the deployment and operation of advanced 5G networks that can meet the diverse requirements of users, businesses, and industries in the digital transformation era.
Sizing and Forecast
The 5G system integration market size has grown exponentially in recent years. It will grow from $12.09 billion in 2023 to $15.53 billion in 2024 at a compound annual growth rate (CAGR) of 28.5%. The growth in the historic period can be attributed to demand for high-speed data, mobile broadband evolution, high-speed communication infrastructure, remote work, and high-speed wireless communication.
The 5G system integration market size is expected to see exponential growth in the next few years. It will grow to $42.59 billion in 2028 at a compound annual growth rate (CAGR) of 28.7%. The growth in the forecast period can be attributed to increased mobile data traffic, the rise of edge computing, industry digitalization, demand for next-generation connectivity, and telecommunications. Major trends in the forecast period include smart cities and infrastructure, the emergence of IoT devices, artificial intelligence (AI) and machine learning integration, integration with satellite networks, and network slicing.
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The 5G system integration market covered in this report is segmented –
1) By Services: Consulting, Infrastructure Integration, Application Integration
2) By Application: Smart City, Collaborate Robot And Cloud Robot, Industrial Sensors, Logistics And Inventory Monitoring, Wireless Industry Camera, Drone, Home And Office Broadband, Vehicle-To-Everything (V2X), Gaming And Mobile Media, Other Applications
3) By Vertical: Banking, Financial Services And Insurance (BFSI), Healthcare, Information Technology (IT) And Telecommunications, Retail, Manufacturing, Energy And Utilities, Media And Entertainment, Other Verticals
North America was the largest region in the 5G system integration market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the 5G system integration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rising demand for high-speed bandwidth capacity is expected to propel the growth of the 5G system integration market going forward. High-speed bandwidth refers to a communication channel’s or network connection’s capacity to transmit data rapidly. The demand for high-speed bandwidth is increasing due to the popularity of high-definition (HD) and ultra-high-definition (UHD) content, the shift towards remote work and virtual collaboration, the proliferation of IoT devices, and the adoption of cloud computing and storage. The integration of 5G systems enables high-speed bandwidth capacity for applications and services, leveraging the advanced capabilities of 5G networks to deliver faster and more reliable connectivity for activities such as web browsing, media streaming, and communication. For instance, in April 2023, according to 5G Americas, a US-based wireless industry trade organization representing 5G mobile networks and wireless technology in the Americas, 5G wireless connections increased by 76% to reach 1.05 billion from 2021 to 2022. Further, it is expected to reach 1.9 billion by the end of 2023 and 5.9 billion by 2027. Therefore, rising demand for high-speed bandwidth capacity drives the 5G system integration market.
Key Industry Players
Major companies operating in the 5G system integration market are Samsung Electronics Co. Ltd., Dell Technologies Inc., Huawei Technologies Co. Ltd., Accenture Inc., International Business Machines Corporation (IBM), Cisco Systems Inc., Oracle Corporation, Broadcom Inc., Fujitsu Limited, Hewlett Packard Enterprise (HPE), Tata Consultancy Services Limited (TCS), Telefonaktiebolaget LM Ericsson (Ericsson), Nokia Corporation, Johnson Controls International plc, NEC Corporation, Cognizant Technology Solutions Corporation, ZTE Corporation, Infosys Limited, DXC Technology Company, HCL Technologies Limited, Atos SE, Wipro Limited, Tech Mahindra Limited, Keysight Technologies Inc., Amdocs Limited, Ciena Corporation, Altran Technologies SA, Mavenir Systems Inc., Ribbon Communications Inc., Hansen Technologies Limited
The 5g system integration market report table of contents includes:
1. Executive Summary
2. 5g system integration Characteristics
3. 5g system integration Trends And Strategies
4. 5g system integration – Macro Economic Scenario
5. Global 5g system integration Size and Growth
…..
32. Global 5g system integration Competitive Benchmarking
33. Global 5g system integration Competitive Dashboard
34. Key Mergers And Acquisitions In The 5g system integration
35. 5g system integration Future Outlook and Potential Analysis
36. Appendix
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