Driven by 5G in smart cities, the global market for 5G system integration is projected to reach a size of US$ 15.6 billion in 2024. It is anticipated that this trend would open up new market possibilities, resulting in a projected CAGR of 28.8% between 2024 and 2034 and a total worth of about US$ 195.8 billion by that year.
Integration with legacy systems is one of the main drivers of the market’s expansion. It is necessary to integrate new 5G infrastructure with legacy technologies that are currently in place in many businesses. In order to guarantee the harmonious coexistence of old and contemporary systems, system integrators are essential.
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.
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.
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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 3% through 2034.
- By vertical, the IT and Telecom segment to account for a share of 24.5% in 2024.
- From 2024 to 2034, 5G system integration market is expected to flourish at a CAGR of 8%.
- By 2034, the market value of 5G system integration is expected to reach US$ 195.8
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, remarks an FMI analyst.
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, Ciena Corporation, VMware, Inc., Amdocs Ltd., Juniper Networks, Inc., Aricent Inc., and Tata Consultancy Services, among others.
Top of Form
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.
Key Companies Profiled
- 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
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.
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
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
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