NEWARK, Del, Dec. 06, 2023 (GLOBE NEWSWIRE) -- The global 5G system integration market is anticipated to reach a valuation of US$ 15.6 billion in 2024, driven by 5G in smart cities. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 28.8% between 2024 and 2034, and reaching a total valuation of approximately US$ 195.8 billion by 2034.
One of the major factors contributing to the growth of the market is the integration with legacy systems. Many industries have existing legacy systems that need to be integrated with new 5G infrastructure. System integrators play a crucial role in ensuring compatibility and smooth coexistence between legacy and modern systems.
The integration of edge computing with 5G networks for localized data processing and reduced latency creates opportunities for system integrators to design and implement solutions that leverage the capabilities of edge intelligence.
Accelerate Your Growth - Reserve Your Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-18506
Telecom service providers undergoing digital transformation to adapt to the 5G era require system integration services to integrate new technologies, automate processes, and enhance overall operational efficiency.
System integrators can contribute to improving the overall user experience by ensuring the seamless integration of 5G networks with applications and services, optimizing performance, and minimizing disruptions.
System integration is increasingly important in vertical industries such as healthcare, manufacturing, and transportation, where 5G is utilized for industry-specific applications. Customized solutions that integrate seamlessly with existing processes are in demand.
The move towards virtualized network functions and software-defined networking architectures requires comprehensive system integration. The trend allows for greater flexibility and scalability in 5G network deployments.
Key Takeaways from the Market Study
- Global 5G System Integration market was valued at US$ 12.3 billion by 2023-end.
- From 2019 to 2023, the market demand expanded at a CAGR of 26.0%.
- The market in Australia is expected to expand at a CAGR of 32.3% through 2034.
- By vertical, the IT and Telecom segment to account for a share of 24.5% in 2024.
- From 2024 to 2034, the 5G system integration market is expected to flourish at a CAGR of 28.8%.
- By 2034, the market value of 5G system integration is expected to reach US$ 195.8 billion.
“Digital twins, virtual replicas of physical objects or systems, are being used for monitoring and simulation in various industries. System integrators can help integrate digital twins with 5G networks for real time monitoring and analysis,” - says Sudip Saha the managing director and co-founder at Future Market Insights
Request for Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-18506
Competitive Landscape
Prominent players in the 5G system integration market are
- Ericsson
- Nokia Corporation
- Huawei Technologies Co., Ltd.
- Samsung Electronics Co., Ltd.
- Cisco Systems, Inc.
- IBM Corporation
- Hewlett Packard Enterprise
- Fujitsu Limited
- Accenture plc
- NEC Corporation
- ZTE Corporation
- Tech Mahindra Limited
- Wipro Limited
- Infosys Limited
Recent Developments
- In 2021, Ericsson unveiled its intelligent automation platform, a cutting edge service management and orchestration product designed to enable intelligent automation for any mobile network. Expanding upon its existing portfolio, which includes the cloud native dual mode 5G Core and the Cloud RAN portfolio, the introduction of the Ericsson intelligent automation platform and a suite of rApps represents a strategic advancement toward building the networks of the future.
- In the same year, NEC Corporation and its wholly owned subsidiary, Netcracker, revealed the successful deployment of their 5G Core and comprehensive Digital BSS/OSS on Amazon Web Services. The deployment is designed to effectively orchestrate and automate the delivery of 5G digital services.
Restraints:
Security concerns and complexities in integration processes pose challenges to market growth.
High initial investment costs associated with 5G system integration solutions may hinder widespread adoption, particularly among smaller enterprises.
Buy Report Now: https://www.futuremarketinsights.com/checkout/18506
Segmentation Analysis of the 5G System Integration Market
By Services:
- Consulting
- Application Integration
By Vertical:
- BFSI
- Retail and E-commerce
- IT and Telecom
- Healthcare
- Manufacturing
- Others
By Application:
- Smart City
- Collaborate Robot /Cloud Robot
- Industrial Sensors
- Logistics and Inventory Monitoring
- Wireless Industry Camera
- Drone
- Home and Office Broadband
- Vehicle to Everything
- Gaming and Mobile Media
- Remote Patient and Diagnosis Management
- Intelligent Power Distribution Systems
- P2P Transfers /mCommerce
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia & Pacific
- East Asia
- The Middle East & Africa
Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client's requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
Top Reports Related to Technology Market:
The generative AI market size is projected to be worth US$ 10.9 billion in 2023. The market is likely to surpass US$ 167.4 billion by 2033 at a CAGR of 31.3% during the forecast period.
The global wearable electronics market revenue by the end of 2021 was US$ 45.5 Billion. The wearable electronics market is expected to reach US$ 199.5 Billion by 2032, as it is estimated to grow at a CAGR of 14.5% for 2022-2032.
The flexible glass for flexible electronics market share is predicted to be worth US$ 31.7 billion in 2022, rising to US$ 71.67 billion by 2032. The market demand is expected to expand at a significant CAGR of 8.5% during the forecast period.
The organic electronics market trends revenue by the end of 2021 was US$ 96.9 Billion. The organic electronics market is expected to reach US$ 1,705.1 Billion by 2032, as it is estimated to grow at a CAGR of 29.9% for 2022-2032.
The global wearable computing devices market forecast is estimated to be valued at US$ 44.2 billion in 2023 and is projected to surpass a valuation of US$ 258.87 billion by 2033. The demand for wearable computing devices is likely to rise at a CAGR of 19.3% from 2022 to 2032.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
