The Business Research Company’s report on the 5G Core Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the 5g core market in recent years?
The explosion of data traffic is expected to propel the growth of the 5G core market moving forward. Data traffic referred to as network traffic pertains to the volume of data that is being transmitted through a network at a particular point in time. Utilizing 5G Core for data traffic management offers various advantages such as enhanced network capabilities, service exposure, and traffic steering features. These benefits offer additional tools for optimizing traffic management and achieving efficient data traffic handling. For instance, according to a report published by Telefonaktiebolaget LM Ericsson, a Sweden-based provider of IT services, worldwide mobile data traffic hit roughly 90 EB per month in 2022 and is estimated to surge by nearly four times, reaching 325 EB per month by 2028. Therefore, the explosion of data traffic demands increased utilization of the 5G core.
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What is the projected market size of the 5g core industry, and how is it expected to grow?
The 5G core market size has grown exponentially in recent years. It will grow from$6.1 billion in 2024 to $10.52 billion in 2025 at a compound annual growth rate (CAGR) of 72.4%. The growth in the historic period can be attributed to increasing mobile data traffic, demand for higher data speeds and low latency, proliferation of internet of things (IoT), global standardization efforts, competitive landscape and industry collaboration
The 5G core market size is expected to see exponential growth in the next few years. It will grow to “$105.06 billion in 2029 at a compound annual growth rate (CAGR) of 77.8%. The growth in the forecast period can be attributed to rapid 5g network deployments, growth in enterprise and industrial 5g use cases, increased focus on network security, expansion of private 5g networks, continued evolution of standards. Major trends in the forecast period include network slicing for industry-specific applications, edge computing integration in 5g core networks, open ran (radio access network) adoption, ai and automation for network optimization, security enhancements for 5g networks.
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Who are the key players driving competition in the 5g core market?
Major companies operating in the 5G core market include Nokia Corporation, Huawei Technologies Co. Ltd., Samsung Electronics Co. Ltd., Cisco Systems Inc., Affirmed Networks Inc., ZTE Corporation, NEC Corporation, Oracle Corporation, Telefonaktiebolaget LM Ericsson, Hewlett Packard Enterprise Company LP, HRMavenir Systems Inc., Druid Software Ltd., IPLOOK Technologies, AT&T Inc., Orange SA, VMware Inc., Athonet, Ciena Corporation, F5 Networks Inc., Altiostar Networks, Parallel Wireless Pvt. Ltd, Reliance Industries Limited, Juniper Networks Inc., Amdocs, Datang Telecom Group, Alpha Networks Inc., Dell Technologies Inc., Bharti Airtel Limited, Rakuten Mobile Inc.
What key trends are expected to drive the Lower case Product Name market during the forecast period?
Technological advancements are key trends gaining popularity in the 5G core market. Companies operating in the 5G core market are adopting new technologies to sustain their position in the market. For instance, in November 2022, Nokia Corporation, a Finland-based global leading telecommunication service provider introduced a software-as-a-service (SaaS) alternative for its enterprise customers who want an easier way to deploy the 5G standalone (SA) core network, alongside its existing offerings. Through a subscription service, the company provides 5G Core SaaS on-demand, removing the need for an upfront cost and the responsibility of managing software maintenance and updates through an operator. Nokia Core SaaS is the market’s first complete 5G core solution, delivering all key cloud-native network services via a SaaS delivery paradigm.
Which key geographies are driving the growth of the 5g core market?
Asia-Pacific was the largest region in the 5G core market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global 5G core market report during the forecast period. The regions covered in the 5g core market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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What are the key segments driving growth in the 5g core market?
The 5G core market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Deployment: Cloud, On-Premises
3) By Network Function: Access and Mobility Management (AMF), Session Management Function (SMF), User Plane Function (UPF), Policy Control Function (PCF), Network Exposure Function (NEF), Network Repository Function (NRF), Unified Data Management (UDM), Authentication Server Function (AUSF), Application Function (AF), Network Slicing Selection Function (NSSF)
4) By End-User: Telecom Operators, Enterprises
Subsegments:
1) By Solutions: Cloud-Native Functions, Software-Defined Networking (SDN), Network Functions Virtualization (NFV), Network Slicing, Others
2) By Services: Professional Services, Managed Services
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How is the 5g core market defined, and what are its core characteristics?
The 5G core is the 5G network’s central component that is responsible for managing data and controlling plane activities. It facilitates secure and dependable network connectivity for end-users and grants them access to network services.
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