Press release
5G Core Market 2023 : By Size, Share, Trends, Growth And Regional Outlook 2032 | Cisco Systems Inc., Affirmed Networks, ZTE Corporation, NEC Corporation, Oracle Corporation
5G Core Market Forecast
As per the 5G core market report by The Business Research Company, 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.
The global 5G core market size is expected to grow from $2.23 billion in 2022 to $3.65 billion in 2023 at a compound annual growth rate (CAGR) of 63.94%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many markets across the globe. The global 5G core market size is expected to reach $33.16 billion in 2027 at a CAGR of 73.58%.
Read More On The 5G Core Market Report Here:
https://www.thebusinessresearchcompany.com/report/5g-core-global-market-report
Major competitors in the 5G Core market include Nokia Corporation, Huawei Technologies Co. Ltd., Samsung Electronics Co. Ltd., Cisco Systems Inc., Affirmed Networks, ZTE Corporation, NEC Corporation, Oracle Corporation, Telefonaktiebolaget LM Ericsson, Hewlett Packard Enterprise Company, HRMavenir Systems Inc., Druid Software Ltd, IPLOOK Technologies, AT&T Inc., and Orange Business Services.
The 5G Core market is segmented -
By Component: Solutions, Services
By Solutions: Professional Services, Managed Services
By Deployment: Cloud, On-Premises
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)
By End-User: Telecom Operators, Enterprises
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the 5G Core market.
Request A Free Sample Of The 5G Core Market Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10080&type=smp
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.
The Table Of Content For The 5G Core Market Include:
1. Executive Summary
2. 5G Core Market Characteristics
3. 5G Core Market Trends And Strategies
4. 5G Core Market - Macro Economic Scenario
5. 5G Core Market Size And Growth
……
26. Africa 5G Core Market
27. 5G Core Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The 5G Core Market
29. 5G Core Market Future Outlook and Potential Analysis
30. Appendix
The "Global 5G Core Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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