5g System Integration Market Size, Share | Growth Report 2029

 

5g System Integration Market

5G System Integration Market is estimated to rise at a very higher CAGR of 26.2% during the forecast period, till 2029.

The factors driving growth of 5G System Integration Market includes growing demand for high-speed bandwidth capacity, rising focus by companies on integrating their legacy network infrastructure with the upcoming 5G technologies, increase in Government’s expenditure on the development of smart cities and improvements in the living standards. Moreover, growing adoption of advanced technologies such as big data analytics, industrial wireless camera, and collaborative robots by companies in the manufacturing facilities, increasing popularity of Network Function Visualization (NFV) and Software-Defined Networking (SDN) amongst enterprise and rapid urbanization, are some of the additional factors supplementing the 5G System Integration Market Growth. In addition, the increasing investments by major corporations on research and development, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.

 However, growth of the 5G System Integration Market is hindered due to growing concerns related to security and privacy.

The leading players operating in the market are Vodafone Group Plc, Qualcomm Technologies, Inc., Oracle Corporation, Cognizant Technology Solutions Corporation, Amdocs Limited, Verizon Communication Inc., AT&T Inc., BT Group Plc, International Business Machines Corporation, and Wipro Limited among others.

Based on Application, the Home and Office Broadband segment is predicted to grow at a significant CAGR during the forecast period

Rising demand for enhanced Mobile Broadband (eMBB) connectivity and growing adoption of Internet of Things (IoT) and Artificial Intelligence (AI) solutions across smart cities, are propelling growth of the segment.

Based on Industry Vertical, the Retail segment is projected to grow at a robust CAGR over the forecast period

As per the 5G System Integration Market Research, increased adoption of advanced technologies by companies to handle peak time traffic, product tracking and improving customers shopping experience, are some of the factors pushing 5G System Integration Market size.

Based on Region, the Asia-Pacific region is anticipated to expand at a remarkable CAGR during the forecast period

Increasing adoption of advanced technologies by major companies, emerging trend of online shopping, rapid urbanization, rising per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in the Asia-Pacific region.

Key Development

  • In 2021 Bharti Airtel Limited, and Qualcomm Technologies, Inc. partnered for accelerating 5G in India. Through Airtel’s network vendors and device partners, Airtel will utilize the Qualcomm 5G RAN Platforms to roll-out virtualized and Open RAN-based 5G networks.

Market Segmentation

Segmentation by Service

  • Consulting
  • Infrastructure Integration
  • Application Integration

Segmentation by Application

  • Collaborate Robot
  • Industrial Sensors
  • Logistics & Inventory Monitoring
  • Wireless Industry Camera
  • Home and Office Broadband
  • Gaming and Mobile Media
  • Remote Patient & Diagnosis Management
  • Intelligent Power Distribution Systems
  • P2P Transfers /mCommerce
  • Others

Segmentation by Industry Vertical

  • Manufacturing
  • Energy & Utilities
  • Media & Entertainment
  • IT & Telecom
  • BFSI
  • Healthcare
  • Retail
  • Others

Segmentation by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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