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5G System Integration Market Size Worth $43.7 Billion By 2027: Grand View Research, Inc.SAN FRANCISCO, Feb. 6, 2020 /PRNewswire/ -- The global 5G system integration market size is estimated to reach USD 43.7 billion by 2027, registering a CAGR of 14.9% from 2020 to 2027, according to a new study by Grand View Research, Inc. Robust increase in the investments to deploy 5G network infrastructures across key countries such as U.S., China, and Japan, has created the demand for integrating entire 5G infrastructure and applications across enterprises. This integration process will help enterprises to work as a centralized platform that will assist in reducing overall complexity in the system. Thus, the robust investments in building 5G infrastructure coupled with the rising need to set-up a 5G-enabled ecosystem are estimated to propel the market growth. Key suggestions from the report:
Read 101 page research report with ToC on "5G System Integration Market Size, Share & Trends Analysis Report By Services Type, By Vertical, Application (Smart City, Industrial Sensors, Fast Broadband/ UHD TV, Gaming & Mobile Media), And Segment Forecasts, 2020 - 2027'' at: https://www.grandviewresearch.com/industry-analysis/5g-system-integration-market Rapidly building smart cities has surged the adoption of numerous Internet of Things (IoT) devices across the globe. IoT devices require enhanced bandwidth to function appropriately. Thus, in order to provide high-sped broadband by supporting 5G New Radio (NR), such as sub-6GHz and mm Wave frequency bands, the entire infrastructure across these smart cities need to be upgraded in line with supporting fifth-generation radio network. Therefore, it is further estimated to increase the 5G system integration market growth from 2020 to 2027. Moreover, with the evolution of industry 4.0, adoption of industrial sensors and collaborative robots is gaining popularity in the manufacturing sector across the globe. Therefore, to deliver seamless network connectivity to these above-mentioned devices, it is anticipated to raise the demand for 5G system integration services to make entire manufacturing facilities compatible with supporting next-generation 5G NR. A rapidly rising digital transformation has disrupted the entire operation of the manufacturing industry. This has increased the trend for the machine to machine (M2M) communications to increase overall productivity as well as streamline the whole process. As a result, this has further expanded the need for high broadband to deliver uninterrupted connectivity to the Industrial sensors and robots. Therefore, the growing need for high broadband connectivity to establish seamless communication between machines is expected to elevate the demand for 5G system integration services in the next five years. Furthermore, with the emergence of new technologies, such as network slicing and Software-Defined Networking (SDN), it is estimated to witness a rapid surge in the adoption of 5G system integration to reduce overall enterprise infrastructure costs. Moreover, to implement and manage the 5G system integration services, it would require highly trained professionals. This is anticipated to hinder the market growth over the forecast period. Grand View Research has segmented the global 5G system integration market based on services, vertical, application, and region: 5G System Integration Services Outlook (Revenue, USD Million, 2019 - 2027)
5G System Integration Vertical Outlook (Revenue, USD Million, 2019 - 2027)
5G System Integration Application Outlook (Revenue, USD Million, 2019 - 2027)
5G System Integration Regional Outlook (Revenue, USD Million, 2019 - 2027)
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Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Contact: Sherry James Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg |