The 5g system integration global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
5G System Integration Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size —
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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Scope Of 5G System Integration Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
5G System Integration Market Overview
Market Drivers –
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.
Market Trends —
Major companies operating in the active geofencing market are increasing their focus on developing advanced solutions, such as the geofence buzzer solution, to improve real-time alerting capabilities for businesses and organizations. The Geofence Buzzer solution is a type of active geofencing technology that provides real-time alerts or notifications to users when a device enters or exits predefined geographic boundaries, often using GPS or other location-based technologies. For instance, in June 2021, Tagmarshal, a US-based developer of a B2B golf course optimization platform, introduced the Geofence Buzzer solution to actively manage cart tracking and geofencing compliance on golf courses. This innovative system emits a loud warning sound when a golf cart deviates from the designated cart path. The Geofence Buzzer aims to enhance pace of play management by providing visual and audible alerts to players through 2Way screens when a geofence breach occurs. This technology offers an effective way to ensure compliance with geofencing regulations and streamline cart control on the golf course.
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
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Regional Insights —
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.
Key Companies —
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
Table of Contents
1. Executive Summary
2. 5G System Integration Market Report Structure
3. 5G System Integration Market Trends And Strategies
4. 5G System Integration Market — Macro Economic Scenario
5. 5G System Integration Market Size And Growth
…..
27. 5G System Integration Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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