5G Core Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Component (Solution, Service), By Deployment Mode (Cloud, On Premise), By End User (Consumer, Enterprises), By Network Functions (AMF (Access and Mobility Management Function), SMF (Session Management Function), UPF (User Plane Function), PCF (Policy Control Function), NEF (Network Exposure Function), NRF
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request Customization5G Core Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Component (Solution, Service), By Deployment Mode (Cloud, On Premise), By End User (Consumer, Enterprises), By Network Functions (AMF (Access and Mobility Management Function), SMF (Session Management Function), UPF (User Plane Function), PCF (Policy Control Function), NEF (Network Exposure Function), NRF
| Forecast Period | 2023-2028 |
| Market Size (2022) | USD 2.25 Billion |
| CAGR (2023-2028) | 35.6% |
| Market Size (2028) | USD 13.75 Billion |
| Fastest Growing Segment | Cloud |
| Largest Market | Asia-Pacific |
Global 5G core market
The 5G Core is the core of 5G mobile network (5GC). It establishes a connection between end users and the network and grants them dependable and secure access to its services. Numerous mobile network functions, including connectivity and mobility management, authentication and authorization, subscriber data management, and policy management are handled by the core domain. Regardless of the underlying cloud architecture, 5G Core network services are totally software-based and cloud-native, offering better deployment agility and flexibility. Industry experts outlined how the core network should change to accommodate 5G New Radio's (NR) requirements as well as the additional use cases that 5G would make possible. They worked together to develop the 3GPP 5G Core standard for core networks (5GC).
Increasing Necessity of Cloud-Native & Service-Based Framework
The need for low-cost data storage, backup, and data protection is one of the driving forces propelling small and medium-sized organisations (SMEs). Businesses may provide better IoT services to various industrial verticals by using the cloud. The connected supply chain and intelligent manufacturing techniques heavily rely on connected and smart products. The creation of reasonably priced connected devices has also enabled manufacturers to leverage IoT technology to cut down on resource usage and increase overall productivity. IoT applications also have a low operational cost, which encourages many firms to include them into their gear in order to boost productivity and cut costs.
Construction Of Smart Infrastructure to Fuel the Market Demand
The rate at which 5G is implemented across the world will decide how quickly it becomes a crucial technology of smart cities. Today, cities are home to about 55% of the world's population. By 2050, the United Nations projects that this percentage will have been increased to 68%. By the same year, the population of the world's main cities will have increased by 2.5 billion due to the continued movement of people from rural to urban regions and overall population growth. In order for smart city projects to be implemented successfully, telecommunications infrastructure and its application for public safety are essential.
Advancements in Network Infrastructure
The new 5th generation specification, known as the 5G core network framework, serves the growing demand for high connection speed performance in both developed and developing countries. The MEC framework, which is key to the 5G architectural ideas, can be used to create the software functions of virtual servers, which are another focus of the 5G core. During 2024 and 2028, the adoption of IoT applications and escalating technological advancements in machine-to-machine communication networks are projected to open up new prospects for the worldwide 5G core network market. Additionally, between 2024 and 2028, the telecommunications industry's adoption of virtual networking architecture will increase along with the expanding demand for private 5G connections among businesses, industrial sectors, and the government.
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Market Segmentation
The 5G Core market is segmented into component, deployment mode, end user, networking functions and region. By component, it is divided into solution, service. The deployment mode area segment is further categorized into cloud and on premise. Depending on
Market Player
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2024-2028 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | Component Deployment Mode End User Network Functions |
| Regional scope | North America; Asia-Pacific; Europe; South America; Middle East |
| Country scope | United States, Canada, Mexico, China, Indian, Japan, South Korea, Australia, Singapore, Malaysia, Germany, United Kingdom, France, Russia, Spain, Belgium, Italy, Brazil, Colombia, Argentina, Peru, Chile, Africa, Saudi Arabia, South Africa, UAE, Israel, Turkey |
| Key companies profiled | |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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