The global 5G core market size is projected to grow from USD 630 million in 2020 to USD 9,497 million by 2025, at a Compound Annual Growth Rate (CAGR) of 72.0% during the forecast period.
The 5G core market is gaining traction due to its cloud-native and service-based architecture that will improve the modularity of products with greater emphasis on low latency, uRLLC, eMBB, and mMTC offerings. The rapid rise in the volume of data being carried by cellular networks has been driven largely by consumer demand for video and the shift of business toward the use of cloud services. The commercialization of 5G services in enterprises such as private 5G and the availability of unlicensed and shared spectrum in the globe are expected to shape the future of the 5G core market.
The services segment has a key role to play in the 5G Core Market and is expected to grow at a higher CAGR during the forecast period. The changing trends in technologies have surged the need for the services segment by the end-users. 5G core network is new to telecom operators and enterprise customers and needs to be managed end-to-end. The deployment of 5G core networks requires new expertise and special skills sets, which drive demand for consulting, design, implementation, support, maintenance, and managed services.
Cloud mode of deployment is expected to exhibit a higher CAGR during the forecast period.
5G core is a cloud-native next-generation virtualized core network architecture. With cloud-based technologies, end users can better leverage the business to the cloud or migrate it to the cloud platform for efficient and continuous service capabilities. The deployment of various cloud-based and 5G on-demand slicing solutions using cloud-native thinking and models is bound to accelerate the digital transformation of the entire communications industry.
APAC is expected to grow at the highest CAGR during the forecast period.
The region is transforming dynamically with respect to the adoption of new technologies across various sectors. The infrastructural growth in APAC, especially in Japan, South Korea, Australia, Singapore, China, and India, and the increasing deployment of 4G and 5G networks present huge opportunities for the implementation of the 5G core solution. With the increasing adoption of technologies, such as VR and AR as well as the IoT, the content will become even more data-intensive, which will demand seamless network connectivity and coverage and would present a huge opportunity for the 5G Core Market in the region.
List of 5G Core Companies:
Key and innovative vendors in the 5G core market include Nokia (Finland), Ericsson (Sweden), Huawei (China),ZTE (China), Samsung (South Korea), Affirmed Networks(US), Mavenir(US), NEC(Japan), Cisco(US), HPE(US), Oracle(US), Athonet(Italy), Casa Systems(US), Cumucore(Finland), Druid Software(Ireland), IPLOOK (China), and Metaswitch(UK)
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According to a new market research report "5G Core Market by Component (Solutions and Services), Network Function (Access and Mobility Management Function, Policy Control Function, Unified Data Management), Deployment Model (Cloud and On-premises), End User, and Region - Global Forecast to 2025" published by MarketsandMarkets™, the 5G core market size projected to grow from USD 630 million in 2020 to USD 9,497 million by 2025, at a Compound Annual Growth Rate (CAGR) of 72.0% during the forecast period.The 5G core market is gaining traction due to its cloud-native and service-based architecture that will improve the modularity of products with greater emphasis on low latency, uRLLC, eMBB, and mMTC offerings.
The rapid rise in the volume of data being carried by cellular networks has been driven largely by consumer demand for video and the shift of business toward the use of cloud services.
The commercialization of 5G services in enterprises such as private 5G and the availability of unlicensed and shared spectrum in the globe are expected to shape the future of the 5G core market.Browse in-depth TOC on "5G Core Market”128- Tables72- Figures266- PagesRequest Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=136573849Services segment to grow at the highest CAGR during the forecast periodServices play a vital role in the deployment and integration of next-generation networking solutions in an enterprise’s business environment.
Services are considered an important component of the 5G core market, as they majorly focus on improving the business processes and optimizing the enterprise’s network.
The deployment of various cloud-based and 5G on-demand slicing solutions using cloud-native thinking and models is bound to accelerate the digital transformation of the entire communications industry.APAC region to record the highest market share in the 5G core market in 2020APAC is expected to grow at the highest CAGR during the forecast period.
The infrastructural growth in APAC, especially in Japan, South Korea, Australia, Singapore, China, and India, and the increasing deployment of 4G and 5G networks present huge opportunities for the implementation of the 5G core solution.
Market OverviewGlobal 5G Core Market is expected to reach USD 16,092.5 Million by 2026, registering a CAGR of 72.00% during the forecast period.
In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse into the coming yearsGlobal 5G Core Market has been segmented based on Component, Deployment Mode, Network Functions, End User, and RegionBased on component, the 5G core market has been segmented into solutions and services.
Furthermore, the solution segment sub segmented into professional services and managed services.Based on deployment mode, the 5G core market has been segmented into cloud and on-premises.Based on network functions , the 5G core market has been segmented into AMF ( Access And Mobility Management Function ) , SMF ( Session Management Function ) , UPF ( User Plane Function ) , PCF ( Policy Control Function ) , NEF ( Network Exposure Function ), NRF (NF Repository Function ) , UDM ( Unified Data Management ) , AUSF ( Authentication Server Function ) , AF ( Application Function ) , NSSF ( Network Slice Selection Function ) and Others.Based on End User, the 5G core market has been segmented into telecom operators and enterprisesBased on region, the 5G core market has been segmented into North America, Asia-Pacific, Europe, the Middle East & Africa, and South America.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/10451Competitive AnalysisThe key players of the global 5G core market are Nokia ( Finland ), Ericsson ( Sweden ), Huawei ( China ), ZTE ( China ), Samsung ( South Korea ), Affirmed Networks ( US ), Mavenir( US ), NEC( Japan ), Cisco( US ), HPE ( US ), Oracle( US ), Athonet (Italy), Casa Systems ( US ), Cumucore ( Finland ), Druid Software( Ireland ), IPLOOK ( China ), and Metaswitch( UK ).Regional AnalysisThe regional analysis for the global 5G core market has been done for North America, Europe, Asia-Pacific, and the Middle East & Africa, and South America.
The market in North America accounted for the largest market share in 2019, and it is expected to register strong growth during the forecast period.
The market in Asia-Pacific is expected to register the highest CAGR during the forecast period.
This growth can be attributed to the growing adoption of 5G technology among the various verticals.About Market Research FutureAt Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.ContactMarket Research FuturePhone: +1646 845 9312Email: sales@marketresearchfuture.com
