DUBLIN – (BUSINESS WIRE) – October 1, 2021–
The report “Global 5G System Integration Market Size, Share & Trends Analysis Report by Services Type (Consulting, Infrastructure Integration, Application Integration), by Vertical, Application, and Segment Forecasts, 2021-2028″ has been added to the offer of ResearchAndMarkets .com.
The global 5G systems integration market size is expected to reach $ 39.57 billion by 2028, registering a CAGR of 25.9% from 2021 to 2028.
The sharp increase in investments to deploy 5G network infrastructure in key countries, such as the United States, China, and Japan, has created the demand for integrating all of the fifth-tier infrastructure and applications. generation in business. This process will help businesses operate as a centralized platform that will help reduce overall complexity. Thus, solid investments in building fifth generation infrastructure, coupled with the growing need to implement a 5G-enabled ecosystem, are expected to propel the market growth.
The rapid construction of smart cities has led to the adoption of many Internet of Things (IoT) devices around the world. IoT devices require improved bandwidth to function properly. So, to provide broadband by supporting the new fifth generation radio (NR), such as the frequency bands below 6 GHz and mmWave, the whole infrastructure of these smart cities needs to be upgraded. to support the fifth generation radio network. Hence, it is further expected to drive the market growth from 2021 to 2027.
In addition, with the evolution of Industry 4.0, the adoption of industrial sensors and collaborative robots is gaining popularity in the manufacturing sector around the world. Therefore, to provide seamless network connectivity to these devices mentioned above, it is expected to increase the demand for 5G system integration services to make all manufacturing facilities compatible with the support of the New generation 5G NR.
The booming digital transformation has changed the way the manufacturing industry works. This has increased the trend of machine-to-machine (M2M) communications to increase overall productivity and streamline the entire process. As a result, this has further increased the need for broadband to provide uninterrupted connectivity to industrial sensors and robots. Therefore, the growing need for high-speed connectivity to establish seamless communication between machines is expected to increase the demand for 5G system integration services in the coming years.
In addition, with the emergence of new technologies, such as network slicing and software-defined networks (SDN), the adoption of 5G systems integration will increase rapidly to reduce the overall infrastructure costs of the network. the company. In addition, highly trained professionals will be required to implement and manage the fifth generation systems integration services. This is expected to hamper the growth of the market during the forecast period.
Additionally, the COVID-19 outbreak is having a huge impact on the overall growth of the market. Many corporate offices are working temporarily with limited manpower capacity in key countries, such as the United States, Japan, Germany, the United Kingdom, and South Korea. Additionally, network equipment vendors have delayed the rollout of 5G infrastructure due to the pandemic. However, the federal governments of the key countries mentioned above have established new guidelines to reopen business offices and have released packages to boost economic growth. Therefore, it is expected to increase the demand for global 5G system integration services during the forecast period.
Highlights of the report
- The market in North America accounted for over 30.0% of the market share in 2020. The growth is attributed to growing investments from major 5G operators, such as AT&T, Inc .; Verizon Communications; and T-Mobile US, Inc. for the deployment of 5G network infrastructure, as well as the growing demand for 5G systems integration services in large enterprises to create a 5G-enabled ecosystem
- The manufacturing sector is expected to experience the fastest growth during the forecast period due to the increasing adoption of 5G network services to provide seamless communication between sensors and robots.
- Large companies are increasingly focusing on building a 5G compatible ecosystem due to the intense competition in the market. This should propel the demand for infrastructure integration services over the next few years.
- The major market players are aggressively focused on building partnerships and concluding deals to strengthen their global product portfolios as well as improve the presence in the global market
Main topics covered:
Chapter 1. Methodology and scope
Chapter 2. Executive summary
Chapter 3. Market Variables, Trends and Scope Prospects
Chapter 4. Outlook for 5G System Integration Services
Chapter 5. 5G Vertical Outlook System Integration
Chapter 6. 5G System Integration Outlook Application
Chapter 7. 5G System Integration Regional Perspectives
Chapter 8. Competitive analysis
Chapter 9. Competitive landscape
- Accenture Inc.
- Cisco Systems, Inc.
- Huawei Technologies Co., Ltd.
- Infosys Limited
- Tata Consultancy Services Limited
- Wipro Limited
- Radisys Company
- IBM Company
- Oracle Corporation
- HCL Technologies Limited
- CA Technologies
- Hansen Technologies
- Samsung Electronics Co., Ltd.
- Keysight Technologies
- ECI TELECOM
For more information on this report, visit https://www.researchandmarkets.com/r/aohdl6
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INDUSTRY KEYWORD: MOBILE / WIRELESS TECHNOLOGY
SOURCE: Research and markets
Copyright Business Wire 2021.
PUB: 01/10/2021 05: 26 / DISC: 01/10/2021 05:26
Copyright Business Wire 2021.