Press release
5G System Integration Market is exhibiting at a higher CAGR of 26.2% over the upcoming years 2022-2029 | Size, Share & Industry Forecast
5G System Integration Market
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/5g-system-integration-market-analysis-industry-research/
The factors driving growth of 5G System Integration Market includes growing demand for high-speed bandwidth capacity, rising focus by companies on integrating their legacy network infrastructure with the upcoming 5G technologies, increase in Government's expenditure on the development of smart cities and improvements in the living standards. Under the Smart Cities Mission, the Government of India, allocated INR 48,000 crore to promote cities with enhanced core infrastructure with a clean and sustainable environment with the application of 'smart' solutions, which will accelerate the 5G System Integration Market size in India in the approaching years. Moreover, growing adoption of advanced technologies such as big data analytics, industrial wireless camera, and collaborative robots by companies in the manufacturing facilities, increasing popularity of Network Function Visualization (NFV) and Software-Defined Networking (SDN) amongst enterprise and rapid urbanization, are some of the additional factors supplementing the 5G System Integration Market Growth. In addition, the increasing investments by major corporations on research and development, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.
However, growth of the 5G System Integration Market is hindered due to growing concerns related to security and privacy.
The leading players operating in the market are Vodafone Group Plc, Qualcomm Technologies, Inc., Oracle Corporation, Cognizant Technology Solutions Corporation, Amdocs Limited, Verizon Communication Inc., AT&T Inc., BT Group Plc, International Business Machines Corporation, and Wipro Limited among others.
Based on Application, the Home and Office Broadband segment is predicted to grow at a significant CAGR during the forecast period
Rising demand for enhanced Mobile Broadband (eMBB) connectivity and growing adoption of Internet of Things (IoT) and Artificial Intelligence (AI) solutions across smart cities, are propelling growth of the segment.
Based on Industry Vertical, the Retail segment is projected to grow at a robust CAGR over the forecast period
As per the 5G System Integration Market Research, increased adoption of advanced technologies by companies to handle peak time traffic, product tracking and improving customers shopping experience, are some of the factors pushing growth of the segment.
Based on Region, the Asia-Pacific region is anticipated to expand at a remarkable CAGR during the forecast period
Increasing adoption of advanced technologies by major companies, emerging trend of online shopping, rapid urbanization, rising per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in the Asia-Pacific region.
Key Development
In 2021 Bharti Airtel Limited, and Qualcomm Technologies, Inc. partnered for accelerating 5G in India. Through Airtel's network vendors and device partners, Airtel will utilize the Qualcomm 5G RAN Platforms to roll-out virtualized and Open RAN-based 5G networks.
Market Segmentation
Segmentation by Service
Consulting
Infrastructure Integration
Application Integration
Segmentation by Application
Collaborate Robot
Industrial Sensors
Logistics & Inventory Monitoring
Wireless Industry Camera
Home and Office Broadband
Gaming and Mobile Media
Remote Patient & Diagnosis Management
Intelligent Power Distribution Systems
P2P Transfers /mCommerce
Others
Segmentation by Industry Vertical
Manufacturing
Energy & Utilities
Media & Entertainment
IT & Telecom
BFSI
Healthcare
Retail
Others
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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