5G (System Integration and Services) Sales Market Size, Share, Growth, and Industry Analysis, By Type (IaaS, SaaS, PaaS and others), By Application (Private 5G Networks, Cybersecurity and others), Regional Insights, and Forecast To 2031

Updated On: 22 April 2024

5G (SYSTEM INTEGRATION AND SERVICES) SALES MARKET REPORT OVERVIEW

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The global 5G (system integration and services) sales market size is expected to be USD 135 million in 2021 and the market is projected to touch USD 2714.39 million by 2031, exhibiting a Compound annual growth rate (CAGR) of 35.0% during the forecast (2024-2031). In the market study, our analysts have considered 5G (system integration and services) sales players such as Nokia, Samsung Electronics, Huawei and Ericsson.

The process of integrating both virtual and physical components of any enterprise with new upgraded systems or applications to work over the new 5G network is known as 5G (system integration) Sales. Rising demand for high-speed bandwidth capacity has enabled businesses to upgrade network infrastructure in order to improve overall operational efficiency and lower total process costs. Thus, it is expected that the robust deployment of upgraded network infrastructure across enterprises to deliver enhanced services to their customers will drive demand for 5G (system integration and services) Sales.

Major global manufacturers are looking for ways to accelerate their operations by embracing modern digital technologies that will enable the fourth industrial revolution. Big data analytics, industrial wireless cameras, and collaborative robots are allowing manufacturing facilities to take a giant leap towards smart, data-driven, flexible operations. 5G smartphones are already gaining popularity as users transition from traditional 4G to 5G technology. In addition to fast streaming and superior video quality, this integration is expected to provide a next-generation immersive gaming experience. It also provides greater capacity to support key technologies such as 3-Dimensional viewing, Augmented Reality (AR), and Virtual Reality (VR). This integration system may also provide short lag times and unlimited browsing capacity.

COVID-19 Impact: Delay in 5G Network Deployment to Distort the Market

The COVID-19 pandemic has had a significant impact on the global 5G industry, with several telecom network providers temporarily delaying 5G network deployment for telecom operators globally in Q1 and Q2 of 2020. The delay in 5G network deployment is affecting demand for 5G (system integration and services) Sales Market. Furthermore, several federal governments in key countries released various economic stimulus packages, eased lockdown facilities, and allowed businesses to resume operations with limited workforce capacity. Furthermore, the outbreak has a negative impact on the enterprise's business operations, which affects the market as a whole. This has had an effect on the industry.

LATEST TRENDS

"Growing popularity of Network Function Visualisation and Software Defined Networking to stimulate market expansion"

One of the major factors driving the market for 5G (system integration and services) Sales is the growing popularity of Network Function Visualization (NFV) and Software-Defined Networking (SDN) across enterprises. NFV allows enterprises to deploy several virtual machines and firewalls to lead an efficient economy of scale. On the other hand, SDN provides a smart network architecture that aims to reduce hardware constraints on the company premises. Furthermore, SDN enables these businesses to efficiently manage the use of their network behaviours via an Application Program Interface (API). As a result, the rapid adoption of NFV and SDN technologies to reduce overall network infrastructure costs is expected to drive market growth even further. Thus, the process of Growing Popularity of NFV and SDN is a major trend that is creating opportunity for the industry to flourish. The market's overall expansion is primarily the result of these recent changes.

5G (SYSTEM INTEGRATION AND SERVICES) SALES MARKET SEGMENTATION

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• By Type

The market is divided into categories based on type, IaaS, SaaS, PaaS and others.

• By Application

The market is divided into Private 5G Networks, Cybersecurity and other categories based on application.

DRIVING FACTORS

"The Robust Deployment of the IIOT that Boosts the Market"

To compete in a highly competitive environment, several manufacturers have developed and implemented the aforementioned technologies. Manufacturers must integrate them with next-generation networks to provide unified communication to these 5G technologies, which also helps to reduce overall operational downtime and costs by providing continuous connectivity and remote monitoring. As a result, the robust deployment of the industrial internet of things (IIoT), combined with the growing demand for 5G services to provide unified connectivity, is expected to drive demand for 5G (system integration and services) Sales during the forecast period. Consequently, during the predicted period, increased product dependence will support industry growth. As a result, the market will benefit from growth and the robust deployment of the IIOT. It will help the Information and Communication Technology sector flourish and accelerate the 5G (System Integration and Services) Sales market growth.

"Rapidly Increasing Demand for Network Equipment to support market expansion"

Because of the rapidly increasing demand for 5G technologies, such as network equipment, business enterprises initially approach system integrators to build upgraded network architecture for their organisations. This architecture will assist these businesses in increasing overall operational output in less time. Furthermore, rising demand for multi-vendor cloud-based applications across enterprises is expected to drive up demand for application integration services during the forecast period. Together, these elements are encouraging market expansion, which is raising business revenues. As a result, the market will grow thanks to the growing demand for Network Equipment

RESTRAINING FACTORS

"Increasing Incidents of Cyber Attack Will Prevent Market Expansion"

The rapid growth of cloud databases, combined with rising security and privacy concerns about critical enterprise data, as well as increasing incidents of cyber-attacks and data breaches in business organisations, is expected to restrain market growth. This will be a significant impediment to market growth during the forecast period. This could be a significant issue limiting market growth. If this issue is resolved, the market will immediately begin to grow.

5G (SYSTEM INTEGRATION AND SERVICES) SALES MARKET REGIONAL INSIGHTS

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"The Market is Globally Dominated by North America"

Since this area is the largest user of the product, the market for 5G (System Integration and Services) Sales in North America has profited from the region's expanding industrial development and several driving factors that have boosted the potential sectors. The increasing demand for products in the 5G Networks, Cybersecurity industries is one of the important factors driving the 5G (System Integration and services) Sales Market Share. Rapid urbanisation trends will further strengthen the market as a whole.

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

The analysis covers data on market participants and their positions within the industry. Through appropriate research, mergers, technological development, expanding production facilities, and collaboration, data is being gathered and made available. Information on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more is provided in the study on materials.

List of Market Players Profiled

• Nokia (Finland)
• Samsung Electronics (South Korea)
• Huawei (China)
• Ericsson (Sweden)
• Cisco (U.S.)
• IBM (Red Hat) (North Carolina)

REPORT COVERAGE

The study goes into great detail about market segmentation by type and application. The study examines a broad range of participants, including existing and potential market leaders. A considerable market expansion is anticipated as a result of several important factors. In order to provide market insights, the research additionally analyses elements that are probably to boost 5G (System Integration and Services) Sales Market share. The report makes forecasts for market expansion during the projected time period. The objective of the regional study is to explain why one region dominates the worldwide market. There are a lot of issues that have all been carefully considered that prevent the industry from growing. The research also contains a market strategic analysis. It includes thorough market information.