NEWARK, Del., Dec. 6, 2023 (Globe Newswire) — The global 5G system integration market is valued at $15.6 billion In 2024, 5G will be promoted in smart cities. This trend is expected to create new opportunities in the market and lead to the expected CAGR of his. 28.8% Between 2024 and 2034, the total assessed value will be approximately $195.8 billion By 2034.
One of the major factors contributing to market growth is integration with legacy systems. Many industries have existing legacy systems that need to be integrated with new 5G infrastructure. System integrators play a critical role in ensuring compatibility and smooth coexistence between legacy and modern systems.
Integrating edge computing and 5G networks to provide localized data processing and reduced latency creates an opportunity for system integrators to design and implement solutions that leverage the power of edge intelligence.
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Telecommunications service providers undergoing digital transformation to adapt to the 5G era need system integration services to integrate new technologies, automate processes, and improve overall operational efficiency.
System integrators can help improve the overall user experience by ensuring seamless integration of 5G networks with applications and services, optimizing performance, and minimizing disruption.
Vertical industries such as healthcare, manufacturing, and transportation are increasingly relying on system integration to leverage 5G for industry-specific applications. They want a customized solution that seamlessly integrates with their existing processes.
The transition to virtualized network functions and software-defined network architectures requires comprehensive systems integration. This trend will increase flexibility and scalability in 5G network deployments.
Key points from market research
- The global 5G system integration market is valued at USD 12.3 billion by the end of 2023.
- From 2019 to 2023, market demand grew at a CAGR of 26.0%.
- The Australian market is expected to grow at a CAGR of 32.3% until 2034.
- By industry, the IT and communications sector is expected to account for a 24.5% share in 2024.
- From 2024 to 2034, the 5G system integration market is expected to grow at a CAGR of 28.8%.
- By 2034, the market value of 5G system integration is expected to reach USD 195.8 billion.
“Digital twins, which are virtual replicas of physical objects or systems, are used for monitoring and simulation in a variety of industries. System integrators are looking to integrate digital twins with 5G networks for real-time monitoring and analysis. We can support you.” Sudip Saha, Managing Director and Co-Founder, Future Market Insights said:
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competitive environment
The prominent players in the 5G System Integration market are:
- Ericsson
- Nokia Corporation
- Huawei Technologies Co., Ltd.
- Samsung Electronics Co., Ltd.
- Cisco Systems Corporation
- IBM Co., Ltd.
- hewlett packard enterprise
- Fujitsu Limited
- Accenture
- NEC
- ZTE Corporation
- Tech Mahindra Limited
- Wipro Limited
- Infosys Corporation
recent trends
- In 2021, Ericsson launched the Intelligent Automation Platform, a cutting-edge service management and orchestration product designed to enable intelligent automation of any mobile network. Expanding on our existing portfolio, which includes a cloud-native dual-mode 5G core and a cloud RAN portfolio, the introduction of the Ericsson Intelligent Automation Platform and rApp suite represents a strategic step towards building future networks.
- In the same year, NEC and its wholly owned subsidiary Netcracker announced the successful deployment of 5G core and comprehensive digital BSS/OSS on Amazon Web Services. This deployment is designed to effectively coordinate and automate the delivery of 5G digital services.
Restraint:
Security concerns and complexity of the integration process pose challenges to market growth.
The high initial investment costs associated with 5G system integration solutions may hinder adoption, especially among small and medium-sized enterprises.
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Segmentation analysis of 5G system integration market
By service:
- consulting
- Application integration
Vertical direction:
- BFSI
- Retail and e-commerce
- IT and Telecom
- health care
- manufacturing industry
- others
By application:
- smart city
- Collaborative robot/cloud robot
- industrial sensor
- Logistics and inventory monitoring
- wireless industrial camera
- drone
- Home and office broadband
- vehicle to everything
- Games and mobile media
- Remote patient and diagnostic management
- intelligent power distribution system
- P2P transfer/mCommerce
- others
By region:
- North America
- latin america
- western europe
- eastern europe
- South Asia and Pacific
- east asia
- middle east and africa
author:
Sudip Saha is Managing Director and Co-Founder of Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with trusted solutions and is consistently in the media for his thought leadership. His extensive experience in consumer electronics market research and project management is likely to continue to be a key focus across end-use sectors in Asia Pacific, EMEA, and the Americas, and his Reflects a growth-oriented approach.
He is a strong believer in innovation-based solutions and emphasizes customized solutions that meet one customer’s requirements at a time. For his foresight and visionary approach, he was recently recognized as a ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
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