5G System Integration Market Size, Share & Trends Analysis Report By Services (Consulting, Infrastructure Integration, Application Integration); By Vertical (Manufacturing, Energy & Utility, Media & Entertainment, IT & Telecom, Transportation & Logistics, BFSI, Healthcare, Retail, Others); By Application; By Region - Segment Forecasts, 2020 – 2027
- Published Date:Aug-2020
- Pages: 101
- Format: PDF
- Report ID: PM1708
- Base Year: 2019
- Historical Data: 2016-2018
Report Summary
The global 5G system integration market was valued at USD 7.5 billion in 2019 and is expected to reach USD 45.5 billion by 2027, growing at a CAGR of 25.4% during 2020-2027. The growth in this market is attributed to the rising need for ultra-high speed internet connectivity to support a range of key applications concepts such as smart city, consumer personal data usage requirements, and healthcare. Moreover, notable deployment of technologically upgraded telecommunication network infrastructure by key technology companies worldwide also contributes to the market growth.
Manufacturing companies across the globe are looking for major opportunities to boost their operations through adoption of advanced digital technologies and become a part of Industry 4.0 revolution. Advanced technologies include, collaborative robots, industrial wireless camera, and big data analytics are allowing the manufacturers to expand their manufacturing process through flexible data-driven and smart operations.
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Industry Dynamics
Substantial deployment of advanced network infrastructure in enterprises is expected to deliver improved and ultra-fast 5G services that drives the global market growth. For instance, Verizon Communications, T-Mobile US, Apple Inc., Nokia Corporation, Broadcom, Analog Devices and Qualcomm are some of the technology companies that are extensively working on upgrading their existing telecommunication infrastructure to ultra-fast 5G network. Such an effort by the leading technology companies is anticipated to boost the market growth.
Additionally, the extensive requirement of ultra high-speed internet connection for a number of applications including, healthcare, smart city, consumers and others is also expected to propel the market growth. According to the SmartCitiesWorld October 2019 publication, there’s rapid urbanization globally with villages fast turning into semi-urban areas and semi-urban areas turning to become urban areas. According to the United Nations, May 2018 report, nearly 55% of the global population resides in cities which is estimated to reach nearly 68% by 2050. Thus, rapid urbanization is expected to encourage people to use internet to connect with rest of the world which is expected to increase load on the existing telecommunication infrastructure worldwide. Hence, there would be an extensive demand for more bandwidth which is available in ultra-fast 5G technology thereby, driving the global market growth.
5G System Integration Market Report Scope
The market is primarily segmented on the basis of Services, Vertical, Application, and geographic region.
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Insight by Services
Based upon services, the global market is categorized into Consulting, Infrastructure Integration and Application Integration services. Infrastructure integration segment dominated with the highest share in the global market in 2019. This high growth is attributed to rising demand for integration of the traditional or old network infrastructure with the advanced 5G network infrastructure. Therefore, integrating the traditional infrastructure enables the users to use the old hardware itself with improved features, thus lowering the extra cost linked to the hardware. Moreover, the integration services of infrastructure system comprise of the Data Center Infrastructure Management (DCIM), building management, and network integration.
Consulting segment is anticipated to grow significantly primarily due to quick rising demand for ultra-fast 5G technologies that includes highly efficient network equipment. The enterprises contact with system integrators in order to upgrade their traditional network to the latest 5G network. Such an advanced system architecture enables the enterprises to expand their operational throughput in minimal time. Moreover, the rising demand for advanced cloud-based applications from several vendors is expected to fuel the requirement for high-tech application integration services.
Insight by Vertical
Based upon vertical, the global market is categorized into Manufacturing, Energy & Utility, Media & Entertainment, IT & Telecom, Transportation & Logistics, BFSI, Healthcare, Retail and Others. IT & Telecom is expected to dominate the market primarily attributed to the rising demand for advanced 5G integration services all through different telecom and IT companies in order to drive the deployment of 5G new radio waves. Substantial demand for combining the hardware of data centre network with the network infrastructure of the enterprise is expected to boost the demand for sophisticated system integration services across the IT and telecom sector.
Insight by Application
Based upon application, the global market is categorized into Smart City, P2P Transfers /mCommerce, Collaborate Robot /Cloud Robot, Logistics & Inventory Monitoring, Industrial Sensors, Wireless Industry Camera, Logistics & Inventory Monitoring, Drone, Home and Office Broadband, Gaming and Mobile Media, Remote Patient and Diagnosis Management, Vehicle-to-everything (V2X), Intelligent Power Distribution Systems, and others.
Home and Office Broadband is anticipated to dominate the market mainly due to the rising need for novel 5G system integration services to offer enhanced Mobile Broadband (eMBB) seamless internet connectivity to enterprises and consumers. Also, substantial rise in deployment of IoT devices throughout the smart cities globally is further anticipated to boost the demand for ultra-fast 5G system integration services in order to match the compatibility of the devices with advanced network services. This key factor is expected to propel the smart city application segment growth.
Geographic Overview
Geographically, North America is the largest revenue contributor in the 5G system integration market and holds a majority of the market share. The growth of North America is mainly due to the fact that several key telecom and IT companies that are major market players are from this region. Companies such as Cisco Systems, Inc., Microsoft Corporation and IBM Corporation are among few such companies. Further, increasing investments by the market players such as Verizon Communications Inc. and AT&T Inc. in order to implement 5G infrastructure is also expected to drive need for integration of applications and infrastructure to support the advanced New Radio frequency bands that is also anticipated to drive the regional market growth.
Asia-Pacific is expected to grow the fastest over the forecast period mainly due to fast increase in total number of IT companies across the emerging countries of India and China that are focused on implementing 5G IT solutions. Furthermore, leading telecom companies including, SK Telecom, KT Corporation, China Telecom, and China Mobile are investing significantly to roll out their 5G networks in countries such as South Korea, Japan and China that is also expected to contribute to region’s market growth.
Competitive Insight
Key players operating in the global 5G system integration market are primarily focusing on product innovation, development and strategic acquisitions in order to strengthen their capabilities for research and development of new products. These key strategies enable the companies to strengthen their market position while also boosting their geographical presence.
Some of the key players operating in the global market comprises of ALTRAN, AMDOCS, Atos Syntel, CA Technologies, Capgemini, Cisco Systems, Inc., Cognizant, ECI TELECOM, Ericsson, HCL Technologies Limited, HPE, Huawei Technologies Co., Ltd., IBM Corporation, Infosys Limited, Keysight Technologies, Oracle Corporation, Radisys Corporation, Samsung Electronics Co., Ltd., Sigma Systems, Tata Consultancy Services Limited, Tech Mahindra, Wipro Limited, and ZTE.
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