The 5G Core market size is expected to grow from USD 700 million in 2020 to USD 15.9 billion by 2030, growing at a CAGR of 56.2% during the forecast years 2023-2030.
The spread of COVID-19 is a key factor triggering global market growth. COVID-19 is impacting individuals across the world, resulting in increased demand for advanced and digital skills with well-established networks. However, the 5G core global market is headed for exponential growth and is expected to see a massive recovery in the post-pandemic world.
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Affirmed Networks (USA), Athonet (Italy), Casa Systems (USA), Cisco (USA), Cumucore (Finland), Druid Software (Ireland), Ericsson (Sweden), IPLOOK (China), HPE (USA), Huawei ( China), Mavenir (USA), Metaswitch (UK), NEC (Japan), Nokia (Finland), Oracle (USA), Samsung (Korea), ZTE (China), etc.
Key aspects of this market include:
- Network Speed and Efficiency:
- The 5G Core provides enhanced network speed and efficiency, enabling faster data transfer and reduced latency, which is crucial for applications like augmented reality and autonomous vehicles.
- Massive Device Connectivity:
- 5G Core supports the massive connectivity of devices, facilitating the Internet of Things (IoT) ecosystem and enabling seamless communication between a vast number of connected devices.
- Network Slicing:
- The concept of network slicing allows the creation of virtual networks tailored to specific applications, industries, or user requirements, optimizing network resources and ensuring efficient service delivery.
- Edge Computing Integration:
- 5G Core integrates with edge computing, bringing computing resources closer to the end-users and devices, reducing latency and enhancing the overall performance of applications.
- Enhanced Mobile Broadband (eMBB):
- The 5G Core focuses on delivering enhanced mobile broadband services, offering higher data rates and improved network capacity to meet the growing demand for high-quality video streaming and content consumption.
- Ultra-Reliable Low Latency Communication (URLLC):
- 5G Core ensures ultra-reliable and low-latency communication, critical for applications such as remote surgery, industrial automation, and mission-critical services.
- Cloud-Native Architecture:
- The 5G Core adopts a cloud-native architecture, leveraging virtualization and containerization to enhance flexibility, scalability, and the efficient deployment of network functions.
by offer
- solution
- service
- professional service
- Managed service
By network function
- Accessibility and mobility management features
- Session management function
- User plane features
- Policy control function
- Network exposure function
- NF storage features
- Integrated data management
- Authentication server function
- Application function
- Network slice selection function
- etc
By application
- telecom operator
- Enterprise
By deployment model
- On-premise
- cloud
By region
- North America
- europe
- Asia Pacific
- rest of the world
Market drivers:
- Growing demand for 5G services: Increasing adoption of 5G-enabled devices and applications like AR/VR, connected cars, and enhanced mobile broadband are driving the demand for 5G Core solutions.
- Technological advancements: Cloud-native architecture, network slicing, and software-defined networking (SDN) are enabling flexible and efficient 5G Core deployments.
- Government initiatives: Government support for 5G infrastructure rollout and spectrum allocation policies are fueling 5G adoption and consequently, the 5G Core market.
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The 5G Core market is experiencing significant growth, driven by the increasing adoption of 5G networks worldwide. Here’s a summary of the market:
Market size and growth:
- The global 5G Core market size was valued at USD 2.76 billion in 2022 and is expected to reach USD 44.6 billion by 2030, with a CAGR of 30.7% during the forecast period (2023-2030). This rapid growth reflects the widespread deployment of 5G networks and the need for a robust and scalable core infrastructure.
Market drivers:
- Growing demand for 5G services: Increasing adoption of 5G-enabled devices and applications like AR/VR, connected cars, and enhanced mobile broadband are driving the demand for 5G Core solutions.
- Technological advancements: Cloud-native architecture, network slicing, and software-defined networking (SDN) are enabling flexible and efficient 5G Core deployments.
- Government initiatives: Government support for 5G infrastructure rollout and spectrum allocation policies are fueling 5G adoption and consequently, the 5G Core market.
Market segments:
- By component: The market is segmented into Network Functions (NFs) like Access and Mobility Management Function (AMF), Session Management Function (SMF), User Plane Function (UPF), Unified Data Management (UDM), and Authentication Server Function (AUSF).
- By deployment model: On-premises, cloud-based, and hybrid deployments are available.
- By industry: The market caters to various industries like telecom, manufacturing, healthcare, and automotive.
Key players:
- Major players in the 5G Core market include Ericsson, Nokia, Huawei, ZTE, Samsung, Cisco, Mavenir, Affirmed Networks, and Radisys.
Challenges and opportunities:
- Security concerns: Ensuring data security and privacy in 5G networks is critical.
- Standardization: Interoperability between different vendors’ solutions is crucial for widespread adoption.
- Competition: Intense competition among vendors can lead to price pressures.
Future outlook:
The 5G Core market is expected to maintain its strong growth trajectory in the coming years, driven by continued 5G network deployments, technological advancements, and increasing demand for innovative 5G services. The rise of private 5G networks and edge computing further presents exciting opportunities for market expansion.
Table of contents:
Section 1: Market Insights
1.1 Research Scope
1.2 Key Market Categories
1.3 Regulatory Environment by Country/Region
1.4 Market Investment Sites 1.5
Market Analysis by Product Type
1.5.1 Global 5G Core Market Share by Product Type
1.6 Market by Application
1.6.1 Global 5G Core Market by Application Share
1.7 Market by end user
1.7.1 Global 5G core market share by end user
1.8. 5G core market development trends following the COVID-19 incident
1.8.1 Overview of the global COVID-19 status
1.8.2 Impact of COVID-19 on the development of 5G core markets
Section 2: Global Market Growth Trends
2.1 Market Trends
2.1.1 SWOT Analysis
2.1.2 Porter’s Five Forces Analysis
2.2 Potential Market and Growth Potential Analysis
2.3 Market Latest Trends and Policies by Region
2.4 Market Trends During COVID-19 Period
Section 3: 5G core market value chain
3.1 Value chain position
3.2 5G core manufacturing cost composition analysis
3.3 Marketing and sales model analysis
3.4 Downstream key consumer analysis (by region)
3.5 Value chain status during COVID-19 period
Section 4: Player Profile
Section 5: Regional 5G Core Market Analysis
5.1 5G Core Revenue, Sales and Market Share by Region
5.1.1 5G Core Revenue by Region
5.1.2 5G Core Revenue by Region
5.2 North America 5G Core Growth Rate and Revenue
5.3 South America 5G Core Growth Rate and Revenue
5.4 Europe 5G Core Growth rate and revenue
5.5 Asia Pacific 5G Core growth rate and revenue
5.6 Middle East and Africa 5G Core growth rate and revenue
Section 6: 5G Core Market Segments by Product Type
6.1 5G Core Revenue, Sales and Market Share by
Product Type 6.1.1 5G Core Market Share and Sales by Product Type
6.1.2 5G Core Market Share and Revenue by Product Type
Section 7: 5G Core Market Segments by Application
7.1 5G Core Revenue, Sales and Market Share
by Application 7.1.1 5G Core Market Share and Sales by Application
7.1.2 5G Core Market Share and Revenue by Application
Section 8: 5G Core Market Segments by End User
8.1 5G Core Revenue, Sales and Market Share by
End User 8.1.1 5G Core Market Share and Sales by End User
8.1.2 5G Core Market Share and Revenue by End User
Section 9: 5G Core Market Forecast by Region
9.1 5G Core Revenue, Sales and Growth Rate
9.2 5G Core Market Forecast by Region
9.2.1 North America 5G Core Market Forecast
9.2.2 South America 5G Core Market Forecast
9.2.3 Europe 5G Core Market Forecast
9.2.4 Asia Pacific 5G Core Market Forecast
9.2.5 Middle East and Africa 5G Core Market Forecast
9.3 5G Core Market Forecast by Product Type
9.4 5G Core Market Forecast by Application
9.5 5G Core Market Forecast by End User
9.6 5G Core Market Forecast During COVID-19 Pandemic
Section 10: Appendix
10.1 Sources of research data
10.2 Research methodology
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