5G System Integration Market Projected To Reach USD 39.57 Billion By 2028


 San Francisco, 16 Dec 2021: The Report 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

The global 5G system integration market size is estimated to reach USD 39.57 billion by 2028, registering a CAGR of 25.9% from 2021 to 2028, according to a new study by Grand View Research, Inc. Robust increase in the investments to deploy 5G network infrastructures across key countries, such as the U.S., China, and Japan, has created the demand for integrating entire fifth generation infrastructure and applications across enterprises. This process will help enterprises to work as a centralized platform that will assist in reducing overall complexity. Thus, robust investments in building fifth-generation infrastructure, coupled with the growing need to set up a 5G-enabled ecosystem, are estimated to propel the market growth.

Rapidly building smart cities have surged the adoption of numerous Internet of Things (IoT) devices across the globe. IoT devices require enhanced bandwidth to function appropriately. Thus, to provide high-speed broadband by supporting fifth-generation New Radio (NR), such as sub-6GHz and mmWave frequency bands, the entire infrastructure across these smart cities need to be upgraded in line with supporting fifth-generation radio network. Therefore, it is further estimated to boost the market growth from 2021 to 2027.

Moreover, with the evolution of industry 4.0, the adoption of industrial sensors and collaborative robots is gaining popularity in the manufacturing sector across the globe. Therefore, to deliver seamless network connectivity to these above-mentioned devices, it is anticipated to raise the demand for 5G system integration services to make entire manufacturing facilities compatible with supporting next-generation 5G NR.

Rapidly rising digital transformation has disrupted the entire operation of the manufacturing industry. This has increased the trend of the machine to machine (M2M) communications to increase overall productivity as well as streamline the whole process. As a result, this has further expanded the need for high broadband to deliver uninterrupted connectivity to industrial sensors and robots. Therefore, the growing need for high broadband connectivity to establish seamless communication between machines is expected to elevate the demand for 5G system integration services in the next few years.

Furthermore, with the emergence of new technologies, such as network slicing and software-defined networking (SDN), the adoption of 5G system integration will witness a rapid surge to reduce overall enterprise infrastructure costs. Moreover, highly trained professionals will be required to implement and manage the fifth-generation system integration services. This is anticipated to hinder the market growth over the forecast period.

Moreover, the outbreak of COVID-19 is considerably impacting the overall market growth. Many enterprise offices are temporarily working with limited workforce capacity in key countries, such as the U.S., Japan, Germany, the U.K., and South Korea. Besides, the network equipment providers have delayed the deployment of 5G infrastructure due to the pandemic. However, federal governments across the above-mentioned key countries set new guidelines to reopen the business offices and released packages to boost economic growth. Therefore, it is anticipated to increase the demand for the global 5G system integration services over the forecast period.

Access Research Report of 5G System Integration Market @ https://www.grandviewresearch.com/industry-analysis/5g-system-integration-market

5G System Integration Market Report Highlights

  • The market in North America accounted for more than 30.0% share in 2020. The growth is attributed to rising investments by large 5G operators, such as AT&T, Inc.; Verizon Communications; and T-Mobile US, Inc. for the deployment of 5G network infrastructures, along with growing demand for 5G system integration services across large enterprises to build a 5G-enabled ecosystem
  • The manufacturing sector is projected to witness the fastest growth over the forecast period owing to the rising adoption of 5G network services to provide seamless communication between sensors and robots
  • Large enterprises are increasingly focusing on building a 5G-enabled ecosystem on the account of intense competition in the market. This is expected to propel the demand for infrastructure integration services during the next few years
  • Prominent market players are aggressively focusing on building partnerships and entering into agreements to strengthen their overall product portfolios as well as to enhance the global market presence

List of Key Players of 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
  • Hansen Technologies
  • Samsung Electronics Co., Ltd.
  • Ericsson
  • Keysight Technologies
  • ECI TELECOM

Access Press Release of 5G System Integration Market @ https://www.grandviewresearch.com/press-release/global-5g-system-integration-market

 

Comments

Post a Comment

Popular posts from this blog

Asia Pacific PoC Diagnostics Market Growth Opportunities, Industry Analysis And Forecast: Grand View Research Inc.

Image
San Francisco, 18 March 2020 :  The Report   Asia Pacific PoC Diagnostics Market  Analysis And Segment Forecasts To 2020 The Asia Pacific point of care (PoC) diagnostics market is expected to reach USD 5,427.1 million by 2020, according to a new study by Grand View Research, Inc. Growing base of geriatric population and the ability to render immediate results and improve patient care coupled with rising market penetration of PACS (picture archiving and communication systems) and EMR (electronic medical records) are expected to drive demand over the next six years. Skilled staff shortages, especially pertaining to the field of diagnostics are also expected to accelerate the market penetration rates of PoC products, by expediting lab automation processes. Rising demand for home healthcare and other healthcare establishments catering to the elderly population and initiatives undertaken by governments to shorten hospital stays by establishing out-patient care models are also expect
Read more

U.K. Point Of Sale Software Market To Expand Industry Growth At USD 1.05 Billion By 2028

Image
  San Francisco, 21 Jan 2022:   The Report  U.K. Point Of Sale Software Market  Size, Share & Trends Analysis Report By Application (Fixed POS, Mobile POS), By Deployment, By Organization Size, By End-user, And Segment Forecasts, 2021 - 2028 The global U.K. point of sale software market size is expected to reach USD 1.05 billion by 2028, expanding at a CAGR of 8.1% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. The integration of a Point-Of-Sale (POS) solution with capabilities such as sales reports monitoring, cash flow recording, product demand analysis, tracking delivery status, and inventory management ensure systematic functioning and upscaling of a business. The adoption of POS software is directly impacted by the demand for POS terminals, which is witnessing growth in demand due to changing lifestyles and government policies. However, the COVID-19 pandemic disrupted the industry's business, wherein retail stores, restaurants, and hot
Read more