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.
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:
- The U.S. 5G system integration market is estimated to account for more than 30% share in the global market by 2019, exhibiting a CAGR of 16.1% from 2020 to 2027. The growth is attributed to rising investments by large 5G operators such as AT&T and Verizon in deploying 5G network infrastructures along with the rising demand for 5G system integration services across large enterprises to build a 5G-enabled ecosystem.
- Manufacturing sector is projected to witness significant growth over the forecast period, attributed to rising demand for 5G system integration services to provide seamless communication between sensors and robots.
- Large enterprises are highly focusing on building a 5G-enabled ecosystem, on the account of intense competition in the market. Thus, it is expected to propel the demand for infrastructure integration services during the next five years.
