Dublin- (BUSINESS WIRE) -1 October 2021-
The “Report on the analysis of the market size, shares and trends of the global 5G system integration by types of services (consultations, infrastructure integration, application integration), by verticals, forecasts for applications and segments, 2021-2028” the report has been added to ResearchAndMarkets.comoffers.
The global market for 5G system integration is expected to reach $ 39.57 billion by 2028, registering a CAGR of 25.9% from 2021 to 2028.
The strong increase in investment to deploy 5G network infrastructure in key countries such as the United States, China and Japan has created demand for the integration of all fifth-generation infrastructure and applications in enterprises. This process will help businesses operate as a centralized platform that will help reduce overall complexity. Thus, stable investments in the construction of fifth-generation infrastructure, together with the growing need to create a 5G-supporting ecosystem, are expected to stimulate market growth.
The rapid construction of smart cities has necessitated the sharp adoption of many Internet of Things (IoT) devices around the world. IoT devices require an improved bandwidth to function properly. Thus, in order to provide high-speed broadband access by supporting fifth-generation New Radio (NR), such as bands below 6GHz and mmWave, the entire infrastructure in these smart cities must be upgraded in line with the supporting fifth-generation radio network. It is therefore expected to further stimulate 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, in order to ensure seamless network connectivity to these aforementioned devices, the demand for 5G system integration services is expected to increase in order to make entire production facilities compatible with next generation 5G NR support.
The rapidly growing digital transformation disrupted the entire work of the manufacturing industry. This increased the trend of machine-to-machine (M2M) communications to increase overall performance as well as simplify the entire process. As a result, it further expanded the need for high-speed broadband access to provide a seamless connection to industrial sensors and robots. Therefore, the growing need for high-bandwidth connectivity to establish seamless communication between machines is expected to increase demand for 5G system integration services over the next few years.
In addition, with the advent of new technologies, such as network cutting and software-defined networks (SDNs), the adoption of 5G system integration will see a rapid jump in reducing the overall cost of corporate infrastructure. In addition, highly qualified specialists will be needed to implement and manage the services for the integration of the fifth generation system. This is expected to hamper market growth over the forecast period.
In addition, the outbreak of COVID-19 has a significant impact on overall market growth. Many enterprise offices temporarily operate with limited workforce capacity in key countries such as the United States, Japan, Germany, the United Kingdom and South Korea. In addition, network equipment providers have delayed the deployment of 5G infrastructure due to the pandemic. However, federal governments in the aforementioned key countries are setting new guidelines for opening business offices and launching packages to stimulate economic growth. Therefore, the demand for global 5G system integration services is expected to increase over the forecast period.
Report on the highlights
- The North American market accounted for more than 30.0% in 2020. The growth is due to growing investment by large 5G operators such as AT&T, Inc .; Verizon Communications; and T-Mobile US, Inc. for the implementation of 5G network infrastructures, together with the growing demand for services for integration of 5G system in large enterprises to build a 5G compatible ecosystem
- The manufacturing sector is expected to witness the fastest growth over the forecast period due to the growing adoption of 5G network services to ensure seamless communication between sensors and robots.
- Large enterprises are increasingly focusing on building an ecosystem that supports 5G due to strong market competition. This is expected to boost demand for infrastructure integration services over the next few years
- Prominent market participants are aggressively focusing on building partnerships and concluding agreements to strengthen their overall product portfolio, as well as to strengthen their global market presence.
Main topics covered:
Chapter 1. Methodology and scope
Chapter 2. Summary
Chapter 3. Market variables, trends and scope
Chapter 4. Outlook 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. Competition analysis
Chapter 9. Competitive landscape
- Accenture Inc.
- Cisco Systems, Inc.
- Huawei Technologies Co., Ltd.
- Infosys Limited
- Tata Consultancy Services Limited
- Wipro Limited
- Radisys Corporation
- IBM Corporation
- Oracle Corporation
- HCL Technologies Limited
- CA Technologies
- Hansen Technologies
- Samsung Electronics Co., Ltd.
- Keysight Technologies
- EKI TELECOM
For more information on this report, visit https://www.researchandmarkets.com/r/aohdl6
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SOURCE: Research and Markets
Copyright Business Wire 2021.
PUB: 01/10/2021 05: 26 / DISC: 10/01/2021 05:26
Copyright Business Wire 2021.