Press release
Unlocking the Full Potential of 5G Core Networks
According to The Business Research Company's, The 5g core market size has grown exponentially in recent years. It will grow from $3.65 billion in 2023 to $6.19 billion in 2024 at a compound annual growth rate (CAGR) of 69.6%. The growth in the historic period can be attributed to increasing mobile data traffic, demand for higher data speeds and low latency, proliferation of internet of things (iot), global standardization efforts, competitive landscape and industry collaboration.
The 5g core market size is expected to see exponential growth in the next few years. It will grow to $58.64 billion in 2028 at a compound annual growth rate (CAGR) of 75.4%. The growth in the forecast period can be attributed to rapid 5g network deployments, growth in enterprise and industrial 5g use cases, increased focus on network security, expansion of private 5g networks, continued evolution of standards. Major trends in the forecast period include network slicing for industry-specific applications, edge computing integration in 5g core networks, open ran (radio access network) adoption, ai and automation for network optimization, security enhancements for 5g networks.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/5g-core-global-market-report
Market Drivers and Trends:
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. These benefits offer additional tools for optimizing traffic management and achieving efficient data traffic handling. For instance, according to a report published by Telefonaktiebolaget LM Ericsson, a Sweden-based provider of IT services, worldwide mobile data traffic hit roughly 90 EB per month in 2022 and is estimated to surge by nearly four times, reaching 325 EB per month by 2028. Therefore, the explosion of data traffic demands increased utilization of the 5G core.
Technological advancements are key trends gaining popularity in the 5G core market. Companies operating in the 5G core market are adopting new technologies to sustain their position in the market. For instance, in November 2022, Nokia Corporation, a Finland-based global leading telecommunication service provider introduced a software-as-a-service (SaaS) alternative for its enterprise customers who want an easier way to deploy the 5G standalone (SA) core network, alongside its existing offerings. Through a subscription service, the company provides 5G Core SaaS on-demand, removing the need for an upfront cost and the responsibility of managing software maintenance and updates through an operator. Nokia Core SaaS is the market's first complete 5G core solution, delivering all key cloud-native network services via a SaaS delivery paradigm.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=10080&type=smp
Major Key Players of the Market:
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; Wind River Systems Inc. (Acquired by TPG Capital); Juniper Networks Inc.; Amdocs; Datang Telecom Group; Alpha Networks Inc.; Dell Technologies Inc.; Bharti Airtel Limited; Rakuten Mobile Inc.
5G Core Market 2024 Key Insights:
• The 5g core market will grow to $58.64 billion in 2028 at a compound annual growth rate (CAGR) of 75.4%.
• Surge In Data Traffic Driving The 5G Core Market
• Innovating The 5G Core Landscape Technological Advancements Take Center Stage
• Asia-Pacific was the largest region in the 5G core market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=10080&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Unlocking the Full Potential of 5G Core Networks here
News-ID: 3750051 • Views: …
More Releases from The Business Research Company
Global High-Resolution Anoscopy Market Outlook 2025-2034: Trends, Innovations, A …
The High-Resolution Anoscopy Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the High-Resolution Anoscopy Market Size and Projected Growth Rate?
The market size for high-resolution anoscopy has experienced significant growth over the past few years. The market is predicted to increase from $15.03 billion…
Condyloma Acuminata Treatment Market Size Projected To Reach $2.2 Billion By 203 …
"The Condyloma Acuminata Treatment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Condyloma Acuminata Treatment Market Size During the Forecast Period?
In the past few years, the condyloma acuminata treatment market has seen significant growth. The market value, which is anticipated to…
Household Type Fans Market Forecast 2025-2034: Comprehensive Analysis And Growth …
"The Household Type Fans Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Household Type Fans Market?
The market size for household fans has seen consistent expansion in recent years. The projections indicate an increase from $32.22 billion in 2024…
Grain Fumigants Industry Report 2025-2034: Market Dynamics, Trends, And Forecast …
The Grain Fumigants Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Grain Fumigants Market Size During the Forecast Period?
The Grain Fumigants Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This…
More Releases for Core
Overcoming Transmission Capacity Limitations: Multi-core Fiber and Hollow-core F …
As transmission capacity demand grows in communication networks, the capacity of traditional single-mode fiber (SMF) has reached the Shannon limit, around 100 Tbit/s. This limit is mainly determined by signal-to-noise ratio (SNR) and bandwidth. Although advanced coding techniques can help to push the boundaries further, the physical constraints of SMF are ultimately unavoidable. Solid-core optical fibers are increasingly unable to meet the needs for low-latency services, have severe nonlinearity, and…
2023-2029: Cold Core Process Core Shooter Market Trend And Analysis
Global Info Research's report offers key insights into the recent developments in the global Cold Core Process Core Shooter market that would help strategic decisions. It also provides a complete analysis of the market size, share, and potential growth prospects. Additionally, an overview of recent major trends, technological advancements, and innovations within the market are also included.Our report further provides readers with comprehensive insights and actionable analysis on the…
Composite Core Mastery: Unleashing the Potential of Advanced Core Materials in C …
Core Material for Composites Market 2023 Forecast: Unveiling Opportunities and Growth
Core Material for Composites Market research report helps to recognize the market challenges and opportunities. Global Core Material for Composites Market report contains the recent forecast research for the predicted period. The report extensively offers the latest information about the technological developments and market growth prospect on the basis of the regional landscape. This Report offers a complete evaluation of…
Vital Flex Core Review: Is Vital Flex Core Legit Or Fake? Read United States & C …
In the pursuit of a flat belly and a toned figure, individuals are constantly on the lookout for innovative fitness solutions. Thanks to advancements in technology, the fitness and weight reduction industries have witnessed the rise of groundbreaking devices like the Vital Flex Core. This remarkable gadget, currently trending in the United States and Canada, is revolutionizing the way people achieve their fitness goals through its cutting-edge electrical muscle stimulation…
Application Processor Market Future Outlook 2023-2029, Industry Demand, Trends, …
Application Processor Market is segmented by Type, by region, by profile, and by Application. This Report holds market analysis, growth, slopes, forecast, and complete strategies in the future. It also guides with planned and organized choices that include the necessary information to perform PEST, SWOT, and STEER analysis. Moreover, the Application Processor Market report analyses the vital performance and operational metrics so that you can plan robust business strategies. Along…
Balsa Core Core Composites Market: Competitive Dynamics & Global Outlook 2020-20 …
Global Info Research offers a latest published report on Balsa Core Core Composites Analysis and Forecast 2020-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global Balsa Core Core Composites Concentrate players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
Click to view the full report…
