Global Telecom System Integration Market to Reach $39.7 Billion by 2030
The global market for Telecom System Integration estimated at US$24 Billion in the year 2023, is expected to reach US$39.7 Billion by 2030, growing at a CAGR of 7.5% over the period 2023-2030. Cloud-based Telecom System Integration, one of the segments analyzed in the report, is expected to record 8.9% CAGR and reach US$18.4 Billion by the end of the analysis period. Growth in the On-Premises Telecom System Integration segment is estimated at 6.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $7.4 Billion, While China is Forecast to Grow at 6.9% CAGR
The Telecom System Integration market in the U.S. is estimated at US$7.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.8 Billion by the year 2030 trailing a CAGR of 6.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.9% and 5.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 5.9% CAGR.
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