October 22, 2020
According to the research report titled ‘5G System Integration Market Size, Share & Trends Analysis Report By Services; By Vertical; By Application; By Region - Segment Forecasts, 2020 - 2027‘, available with Market Study Report, global 5G system integration market valuation is anticipated to reach USD 45.5 billion by 2027.
Rising demand for high speed internet, increasing popularity of technologies like Network Function Visualization (NFV) and Software-Defined Networking (SDN), and growing acceptance of connected sensors and collaborative robots are expected to drive the global 5G system integration market during the forecast period.
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5G technology has various advantages over the previous 4G technology such as unlimited browsing capacity and short lag times, which in turn is expected to propel global 5G system integration industry growth.
These systems are substantially beneficial in terms of smartphones and connected vehicles. Other advantages such as ultra-high-speed internet connection and seamless connectivity, especially in self-driving cars and autonomous vehicles, is also aiding the market expansion.
5G system integration has several benefits during the development of smart cities, fast broadband/ultra-high definition (UHD) television, gaming & mobile media, and industrial sensors, further fueling product demand. However, increasing security concerns is a major factor expected to restrain the industry growth.
With respect to service type, global 5G system integration market is divided into infrastructure integration, consulting, and application integration. Based on vertical type, the market is classified into energy & utility, manufacturing, healthcare, media & entertainment, transportation & logistics, IT & telecom, BFSI, retail, and others.
With regards to application scope, the global 5G system integration market landscape is divided into collaborate robot /cloud robot, industrial sensors, P2P transfers /commerce, smart city, wireless industry camera, logistics & inventory monitoring, drone, vehicle-to-everything (V2X), remote patient & diagnosis management, gaming and mobile media, home and office broadband, intelligent power distribution systems and others.
Key players operating in global 5G system integration market are AMDOCS Corporation, Altran Technologies, Cisco Systems Inc., CA Technologies, Atos Syntel Pvt. Ltd., Capgemini SE, Tata Consultancy Services Limited, ECI Telecom Ltd., Cognizant, Ericsson Pvt. Ltd., Wipro Limited, HPE Company, HCL Technologies Limited, IBM Corporation, Huawei Technologies Co. Ltd., Keysight Technologies Pvt. Ltd., Infosys Limited, Oracle Corporation, Samsung Electronics Co. Ltd., Radisys Corporation, Sigma Systems Inc., Tech Mahindra Ltd, and ZTE Corp.