5G System Integration Market is set for a Rapid Growth and is expected to reach USD 68.17 billion by 2032
Zion Market Research has published a new report titled “5G System Integration Market, by Services (Consulting, Infrastructure Integration, Application Integration), by Application (Smart City, Cloud Robot, Industrial Sensors, Drone, Home Broadband, P2P Transfers, Others), by Vertical (BFSI, IT & Telecom, Retail, Manufacturing, Healthcare, Energy & Utilities, Others), and by Region: Global Industry Perspective, Comprehensive Analysis and Forecast. According to the report, the global The global 5G system integration market size was reached at USD 10.03 billion in 2022 and it is projected to hit around USD 68.17 billion by 2032 with a noteworthy CAGR of 21.12% between 2023 and 2032.
5G System Integration is a method of combining virtual and physical components of any organization with new upgraded systems or applications to operate on the existing 5G network. Rapidly evolving smart cities have expanded the worldwide demand for multiple IoT apps. IoT applications make use of increased bandwidth for efficient service. Therefore, in order to deliver high-speed broadband across 5G New Radio (NR), such as mmWave frequency bands and sub-6GHz, the entire network across smart cities needs an update to operate on this latest technology..
Growing demand for high-speed connectivity capacity has allowed businesses to build improved network infrastructure to increase overall operating efficiency and increased overall process costs. Therefore, rapid rollout across companies of improved network infrastructure to provide enhanced connectivity to their customers is expected to fuel demand for 5G system integration services. In addition, the application of industrial sensors and collaborative robots is gaining widespread acceptance in the manufacturing segment worldwide with the development of Industry 4.0. Furthermore, in order to provide a single network to various devices, 5G system demand is expected to increase in order to adapt manufacturing facilities customized to 5G NR support. Nevertheless, a increasingly rising large chunk of data sets across the cloud, combined with a growing demand for cloud-based application integration, poses a significant customer security issue, which may hamper potential growth in the 5G system integration market in the forecast period.
On the basis of segmentation the 5G System Integration market is segmented by services, application, vertical, and region. On the basis of services the market is segmented as consulting, infrastructure integration, and application integration. Also, by application, it is segmented as smart city, cloud robot, industrial sensors, drone, home broadband, P2P transfers, others. By vertical, it is segmented into BFSI, IT & telecom, retail, manufacturing, healthcare, energy & utilities, others. The infrastructure integration segmentation of services segment is expected to register the fastest CAGR in the forecast period. This is attributed to surging demand for integration of traditional network infrastructure with the next generation 5G network infrastructure. Also, the IT & Telecom Vertical segment is expected to dominate the market due to high demand for 5G integration services across various IT and telecom companies to support 5G New Radio (NR) waves.
The renowned players in global 5G System Integration market are -
- ALTRAN
- Accenture Inc.
- Tata Consultancy Services Limited
- Keysight Technologies
- Huawei Technologies Co.
- Infosys Limited
- Oracle Corporation
- Radisys Corporation
- Samsung Electronics Co.
- IBM Corporation among others.
The report segments global 5G system integration market into:
Global 5G System Integration Market: Services Segment Analysis
- Consulting
- Infrastructure Integration
- Application Integration
Global 5G System Integration Market: Application Segment Analysis
- Smart City
- Cloud Robot
- Industrial Sensors
- Drone
- Home Broadband
- P2P Transfers
- Others
Global 5G System Integration Market: Vertical Segment Analysis
- BFSI
- IT & Telecom
- Retail
- Manufacturing
- Healthcare
- Energy & Utilities
- Others
Global 5G System Integration Market: Regional Segment Analysis
- North AmericaThe U.S.Canada
- EuropeFranceThe UKSpainGermanyItalyRest of Europe
- Asia PacificChinaJapanIndiaSouth KoreaSoutheast AsiaRest of Asia Pacific
- Latin AmericaBrazilMexicoRest of Latin America
- Middle East & AfricaGCCSouth AfricaRest of Middle East & Africa
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