Press release
5G System Integration Global Market 2024 - Increasing Demand, Emerging Trends, Growth Opportunity And Outlook 2033
5G System Integration Global Market
5G System Integration Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $42.59 Bn In 2028 At A CAGR Of 28.7% :
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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5G System Integration Market Major Segments
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
Key Driver - High-Speed Bandwidth Demand Fuels 5G System Integration Market Expansion
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.
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Prominent Trend - Technological Advancement And Innovation In 5G System Integration
Major companies operating in the 5G system integration market focus on developing advanced technological solutions, such as HCLTech's 5G SF integration frameworks, to streamline deployment, optimize network performance, and enhance scalability for seamless 5G system integration. HCLTech's 5G SF integration frameworks is a comprehensive set of tools, protocols, and methodologies designed to facilitate the seamless integration of various components and technologies within a 5G network ecosystem. For instance, in February 2023, HCL Technologies Limited, an India-based information technology and consulting company, launched HCLTech's 5G SF, a suite of technology solutions for the 5G ecosystem, focusing on supercharging 5G readiness and system integration for communication service providers (CSPs) and enterprises. This initiative includes a 5G system integration framework that enables the seamless deployment and integration of critical components for future 5G networks. HCLTech's 5G System Integration Framework offers a comprehensive solution for public and private 5G network operators, facilitating the smooth deployment and integration of critical network components. This framework enables communication service providers (CSPs), enterprises, hyperscalers, and equipment manufacturers to seamlessly onboard virtual functions, realize significant operational efficiencies, and enhance network performance and user experiences.
5G System Integration Market Players
Major companies operating in the 5G system integration market are Samsung Electronics Co. Ltd., Dell Technologies Inc., Huawei Technologies Co. Ltd., Acce*nture 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
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Largest And Fastest Growing Region In The Market
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.
The Table Of Content For The Market Report Include:
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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