Market Research Future (MRFR) has published a cooked research report on the “Global 5G System Integration Market” that contains information from 2018 to 2032. The 5G System Integration market is estimated to register a CAGR of 27.70% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global 5G System Integration market—Accenture Inc., Huawei Technologies Co., Ltd., Cisco Systems, Inc., Infosys Limited, Tata Consultancy Services Limited, Wipro Limited, Radisys Corporation, IBM Corporation, HPE, Oracle Corporation, HCL Technologies Limited, ALTRAN, AMDOCS, CA Technologies, Samsung Electronics Co., Ltd., Ericsson, Keysight Technologies, and Hansen Technologies
5G System Integration Market Highlights
The global 5G system integration market is accounted to register a CAGR of 27.70% during the forecast period and is estimated to reach USD 71.3 Billion by 2032.
The integration of 5G technologies into current networks and systems is a component of the 5G system integration market. In order to ensure seamless connectivity and improved network performance, it also covers the implementation, configuration, testing, and maintenance of 5G infrastructure. The increasing uptake of 5G networks across sectors, the demand for cutting-edge communication systems, and the rise in popularity of high-speed and low-latency applications all drive this industry.
Segment Analysis
The global 5G system integration market has been segmented based services, vertical, and application.
On the basis of services, the market is segmented into consulting, infrastructure integration, and application integration. Infrastructure integration segment dominated the global market in 2022.This is due to the growing desire to combine existing network infrastructure with next-generation technology.
Based on vertical, the global 5G system integration market has been segmented into manufacturing, energy & utility, media & entertainment, IT & telecom, transportation & logistics, BFSI, healthcare, retail, and others. IT and telecom segment accounted for largest share in the global market in 2022. This is explained by the rising demand for 5G integration services from different IT and telecom firms to support New Radio (NR) waves.
Based on application, the global 5G system integration market has been segmented into smart city, collaborate robot /cloud robot, industrial sensors, logistics & inventory monitoring, wireless industry camera, drone, home and office broadband, vehicle-to-everything (V2X), gaming and mobile media, remote patient & diagnosis management, intelligent power distribution systems, p2p transfers /mcommerce, and others. The transportation segment was expected to hold the largest market share in 2022.
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Regional Analysis
The global 5G system integration market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe 5G System Integration market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The 5G System Integration market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World 5G System Integration market comprises of Middle East, Africa, and Latin America.
The largest market share for 5G system integration was maintained by the North American regional sector. This is linked to the presence of major IT and telecom businesses including Cisco Systems, Inc., IBM Corporation, and Microsoft Corporation.
Moreover, the Europe market has been persistently growing over the forecast period. This is brought on by rising government spending on implementing cutting-edge solutions across many departments, a rise in industrial automation using the internet of things (IoT), a rise in the use of energy-efficient production techniques, and a rise in the demand for reasonably priced goods in this region.
Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period. Famous telecom companies are investing a lot of money to build fifth-generation networks in China, Japan, and South Korea, including China Mobile, China Telecom, KT Corporation, and SK Telecom. So, in the upcoming years, system integrators in the market stand to benefit significantly from the fast expanding investments in constructing 5G infrastructure across the aforementioned countries.
Furthermore, the rest of the world's 5G System Integration market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the increasing adoption of 5G networks, the need for enhanced connectivity, and the demand for advanced communication technologies. Brazil, Mexico, and Colombia are key markets for 5G system integration in the region.
Key Findings of the Study
- The global 5G System Integration market is expected to reach USD 71.3 Billion by 2032, at a CAGR of 27.70% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the Famous telecom companies are investing a lot of money to build fifth-generation networks in China, Japan, and South Korea, including China Mobile, China Telecom, KT Corporation, and SK Telecom
- Based on application, the transportation segment was attributed to holding the largest market in 2022, with an approximate market share of 45–65%.
- Accenture Inc., Huawei Technologies Co., Ltd., Cisco Systems, Inc., Infosys Limited, Tata Consultancy Services Limited, Wipro Limited, Radisys Corporation, IBM Corporation, HPE, Oracle Corporation, HCL Technologies Limited, ALTRAN, AMDOCS, CA Technologies, Samsung Electronics Co., Ltd., Ericsson, Keysight Technologies, and Hansen Technologies
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Companies Covered | 15 |
Pages | 128 |
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