Press release
5G System Integration Market to Reach USD 190.15 Billion by 2034, Registering a CAGR of 28.3%
5G System Integration Market
Market Overview:
The integration of 5G technology illustrates a massive rise in the field of telecommunications, aiming to transform connectivity, speed, and network potential. As an inheritor to 4G LTE, 5G offers unparalleled levels of speed, dependability, and low latency, enabling a variety of applications covering several sectors involving healthcare, telecommunications, manufacturing, and beyond.
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In the transportation sector, 5G allows for the application of connected vehicle technologies, smart transportation systems, and independent driving applications, causing secure roads, maximized traffic flow, and improved passenger experiences. In healthcare, 5G enables the advancement of distant patient observing systems, telemedicine platforms, and augmented reality-based surgeries.
Market Drivers:
Growing Adoption of 5G Networks: The growing adoption of 5G networks worldwide and the rise of connected devices demand advanced network capabilities. For instance, as per the IoT analytics, in 2023, the number of connected IoT gadgets surged by 13% as compared to 2022, highlighting the development of connected devices driving the 5G system integration market sales.
Rising Demand for Improved Connectivity: The rising demand for improved connectivity is driving the adoption of this technology as emerging technologies such as smart cities, autonomous vehicles, and the Internet of Things need speedy, reliable, and seamless data transmission. Autonomous vehicles depend on real-time interaction to exchange important data with other vehicles and architecture to ensure safety and efficiency.
Key Market Players:
The market is fragmented due to the existence of many players functioning in the market. Key companies are mentioned below:
• Huawei Technologies Co., Ltd.
• Cisco Systems, Inc.
• Infosys Limited
• Tata Consultancy Services Limited
• Wipro Limited
• IBM Corporation
• Samsung Electronics Co., Ltd.
• Ericsson
• Nokia Corporation
• HPE (Hewlett Packard Enterprise)
• Oracle Corporation
• Capgemini SE
• Cognizant Technology Solutions
• Fujitsu Limited
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Recent Developments in the 5G System Integration Market
• December 2024: Ericsson signed a multi-billion-dollar agreement with Bharti Airtel to advance 4G and 5G services in India. The partnership includes the deployment of centralized Radio Access Network (RAN) and Open RAN-ready solutions, aiming to enhance network performance and scalability.
• October 2024: NEC Corporation partnered with Cisco to deliver a next-generation private 5G network solution. This collaboration leverages NEC's expertise in IT and network integration with Cisco's advanced networking technology to support enterprise digital transformation.
• June 2023: Nokia launched its on-demand network slicing solution, designed to optimize service delivery and resource allocation in mobile networks. This innovation enables operators to offer customized 5G services with improved user experience and operational efficiency.
Segment Categorization
The report includes segmentation of the 5G system integration market based on service, application, industry vertical, and region. Based on service, the infrastructure integration segment held the largest market share. This is because of the growing demand for robust and dependable systems that can support the high-speed and low-latency needs of 5G networks.
Based on application, the autonomous vehicles segment is expected to register significant growth. This is due to growing funding in connected transportation systems and the crucial role of 5G in making real-time interaction. Autonomous vehicles depend on speedy and dependable data exchanges with other vehicles, traffic systems, and architecture to function securely and productively.
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By Service Outlook (Revenue, USD Billion, 2020 - 2034)
• Consulting
• Infrastructure Integration
• Application Integration
By Application Outlook (Revenue, USD Billion, 2020 - 2034)
• Industrial Sensors
• Robotics
• Smart Cities
• Autonomous Vehicles
• Connected Healthcare
• Gaming
By Industry Vertical Outlook (Revenue, USD Billion, 2020 - 2034)
• IT & Telecom
• Manufacturing
• Healthcare
• Media & Entertainment
• Energy & Utilities
Regional Perspective:
• North America
o US
o Canada
• Europe
o Germany
o France
o UK
o Italy
o Spain
o Netherlands
o Russia
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o Malaysia
o South Korea
o Indonesia
o Australia
o Vietnam
o Rest of Asia-Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Israel
o South Africa
o Rest of Middle East & Africa
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
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