What is the Expected Market Size And Growth Rates For Global 5G Core Market?
The 5G Core market has seen exponential growth in recent years, and its ascendance doesn’t seem to be slowing. From $6.1 billion in 2024, the market is projected to rise to $10.52 billion in 2025 at a compound annual growth rate (CAGR) of 72.4%. This historic growth can be attributed to the increasing mobile data traffic, demand for higher data speeds and low latency, proliferation of the internet of things (IoT), together with global standardization efforts, and the competitive landscape and industry collaboration.
Looking ahead, the market is speculated to grow to a staggering $105.06 billion by 2029 at a CAGR of 77.8%. This forecast growth can be credited to rapid 5G network deployments, growth in enterprise and industry-specific 5G applications, increased focus on network security, and continued evolution of standards. Major trends in the forecast period include network slicing for industry applications, the integration of edge computing in 5G core networks, the adoption of open RAN (radio access network), AI and automation for network optimization, and security enhancements for 5G networks.
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What Are The Key Drivers Pushing The 5G Core Market Forward?
The explosion of data traffic is expected to fuel the growth of the 5G core market moving forward. With the rise in mobile internet usage, network traffic has hit an all-time high, placing pressure on telecommunications networks to maintain efficient data traffic management and handling. 5G core technology offers enhanced network capabilities, service exposure, and traffic steering features that enable optimal data traffic management, leading to increased utilization of this market offering.
Which Are The Major Segments Within The Global 5G Core Market?
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
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Which Companies Are Dominating 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 Trends Are Emerging in The 5G Core Market?
Technological advancements, such as software-as-a-service (SaaS), are gaining momentum in the 5G core market. Companies, like Nokia Corporation, have harnessed these advancements to offer customizable 5G core solutions, providing the entire suite of cloud-native services via a SaaS design paradigm that negates the need for upfront costs and software maintenance.
Which Regions Are Leading The Charge in The 5G Core Market?
In 2024, Asia-Pacific was the largest region in the 5G Core market and is expected to continue growing at an unmatched pace throughout the forecast period. Other included regions are Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What is the 5G Core Global Market Report 2025 Offering?
The 5G Core is a central part of the 5G network responsible for managing data and controlling plane activities. It enables secure, reliable network connectivity for end users and access to network services. The 5G Core Global Market Report 2025 research report from The Business Research Company offers global market size, growth rates, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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