Infrastructure Segment is Expected to Dominate the Global 5G System Integration Market
Growing
enterprise adoption of Network Function Visualizations (NFV) and
Software-Defined Networking (SDN), as well as increasing demand for high-speed
bandwidth capacity, are the key market drivers enhancing the market growth.
According
to TechSci Research report, “Global 5G System Integration Market - By
Country, Competition, Forecast & Opportunities, 2028”. The Global 5G System Integration Market is anticipated to
project robust growth in the forecast period with a CAGR of 24.71% through
2028. The market is driven by the increasing adoption of 5G networks, the
growing demand for high-speed data connectivity, and the rising need for
network security. The challenges faced by the market include the high cost of
5G deployment, the lack of skilled talent, and the security risks associated
with 5G networks. 5G is the fifth generation of cellular network technology. It
offers significantly faster speeds and lower latency than previous generations
of cellular networks. This makes it ideal for a wide range of applications,
including augmented reality (AR), virtual reality (VR), and the Internet of
Things (IoT). The demand for high-speed data connectivity is growing rapidly,
due to the increasing popularity of streaming media, cloud computing, and other
data-intensive applications. 5G is well-positioned to meet this demand, as it
offers significantly faster speeds than previous generations of cellular
networks. 5G networks are more complex and vulnerable to cyberattacks than
previous generations of cellular networks. This is due to the fact that 5G
networks are based on software-defined networking (SDN) and network function
virtualization (NFV), which are more complex and difficult to secure than
traditional networks.
The
cost of deploying 5G networks is high, due to the need to install new
infrastructure and upgrade existing infrastructure. This is a major barrier to
the adoption of 5G networks in some regions. There is a shortage of skilled
talent in the 5G system integration market. This is due to the fact that 5G is
a new technology, and there are not many people with the necessary skills and
experience. 5G networks are more vulnerable to cyberattacks than previous
generations of cellular networks. This is a major concern for businesses and
governments, who are hesitant to adopt 5G networks until the security risks are
addressed.
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Despite
these challenges, the global 5G system integration market is expected to grow
rapidly in the coming years. This is due to the increasing adoption of 5G networks,
the growing demand for high-speed data connectivity, and the rising need for
network security. The 5G system integration market is segmented by service,
vertical, and region. By service, the market is segmented into infrastructure
integration, application integration, and testing and commissioning.
Infrastructure integration is the largest segment, due to the need to integrate
the different components of a 5G network. Application integration is the
fastest-growing segment, due to the increasing demand for 5G-enabled
applications.
Based
On vertical, the market is segmented into telecom, enterprise, and government.
Telecom is the largest segment, due to the need for 5G networks to support the
growing demand for mobile data traffic. Enterprise is the fastest-growing
segment, due to the increasing adoption of 5G-enabled applications in the
enterprise sector.
Based
On Region , the market is segmented into North America, Europe, Asia Pacific,
South America, and Middle East & Africa. Asia Pacific is the largest market
for 5G system integration, due to the rapid adoption of 5G networks in the
region. North America is the second largest market, followed by Europe.
Key market players in the Global 5G System Integration Market
include:
- Ericsson
- Nokia
- Huawei
- Samsung
Electronics
- Cisco
Systems
- IBM
- Accenture
- Infosys
- HCL
Technologies
- Wipro
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“Additionally,
it offers a considerable advantage over the prior technology in the form of
minimal lag times and a limitless surfing capacity. The next generation of
gamers can expect engaging gaming experiences thanks to the incorporation of
the 5G technology, which also promises quick streaming and better video
quality. One of the most significant benefits (VR) is the ability to deliver
multimodal digital high-definition material powered by improved capacity to
support critical technologies like three-dimensional viewing, augmented reality
(AR), and virtual reality (VR)..” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
5G System Integration Market – Global Industry
Size, Share, Trends, Opportunity, and Forecast Segmented By Services
(Consulting, Infrastructure Integration), By Vertical (Manufacturing, Energy
& Utility, Media & Entertainment, IT & Telecom, Transportation
& Logistics, BFSI, Healthcare, Retail, and Others), By Application (Smart
City, Collaborate Robot /Cloud Robot, Industrial Sensors, Logistics &
Inventory Monitoring, Wireless Industry Camera, Drone, Etc.), By Region,
Competition 2018-2028has
evaluated the future growth potential of Global 5G System Integration Market and
provides statistics and information on market structure, size, share, and
future growth. The report is intended to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities present in the Global 5G
System Integration Market.
Contact
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