Global 5G Core Market to Reach $105.06 Billion by 2029, Growing at 78% CAGR

What industry-specific factors are fueling the growth of the 5g core market?
The rapid increase in data traffic is projected to drive the expansion of the 5G core market in the future. Data traffic, also known as network traffic, is the amount of data being transferred through a network at any given moment. The use of 5G Core for managing data traffic comes with numerous benefits including improved network capabilities, service exposure, and traffic control features. These advantages provide more resources for optimizing traffic management and ensuring the effective handling of data traffic. For example, a study by Telefonaktiebolaget LM Ericsson, an IT service provider based in Sweden, noted that global mobile data traffic reached roughly 90 EB per month in 2022 and is expected to quadruple to 325 EB per month by 2028. Consequently, the rapid growth of data traffic necessitates increased usage of the 5G core.

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What Is the projected market size and growth rate for the 5g core market?
In recent times, the 5G core market has seen a significant surge in size, and its growth is expected to continue from $6.1 billion in 2024 to a substantial $10.52 billion in 2025, representing a compound annual growth rate (CAGR) of 72.4%. This notable expansion during the historical period is linked to a rise in mobile data traffic, a higher demand for increased data speeds and reduced latency, the widespread adoption of the Internet of Things (IoT), endeavors towards global standardization, industry cooperation, and a competitive landscape.

In the coming years, the 5G core market is predicted to experience a considerable explosion in growth, expanding to a sizable "$105.06 billion by 2029 while displaying a compound annual growth rate (CAGR) of 77.8%. The projected growth within this period can be credited to a host of elements, including the accelerated deployment of 5G networks, the manifestation of 5G use cases within enterprise and industry, the heightened focus on network security and the spread of private 5G networks, as well as the ongoing evolution of standards. Foreseeable trends within this period would encompass network carving for applications specific to certain industries, the integration of edge computing into 5G core networks, the acceptance of open RAN (radio access network), the inclusion of AI and automation for optimizing networks, as well as measures for enhancing the security of 5G networks.

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What new trends are reshaping the 5g core market and its opportunities?
The ongoing evolution in technology is a prominent trend making waves in the 5G core market. To maintain their market positions, companies active in the 5G core market are embracing innovative technologies. For example, Nokia Corporation, a top telecommunications service provider based in Finland, launched a software-as-a-service (SaaS) option in November 2022. This option provides an easier method for its business customers to implement the 5G standalone (SA) core network, supplementing its current product line. The company offers 5G Core SaaS as a subscription-based service, eliminating both the initial cost and the necessity for the customer to handle software management and updates via an operator. The Nokia Core SaaS is the first comprehensive 5G core solution in the market, offering all primary cloud-native network services through a SaaS delivery model.

What major market segments define the scope and growth of the 5g core market?
The 5G core market covered in this report is segmented -

1) By Component: Solutions, Services
2) By Deployment: Cloud, On-Premises
3) 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)
4) By End-User: Telecom Operators, Enterprises

Subsegments:
1) By Solutions: Cloud-Native Functions, Software-Defined Networking (SDN), Network Functions Virtualization (NFV), Network Slicing, Others
2) By Services: Professional Services, Managed Services

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Which region dominates the 5g core market?
Asia-Pacific was the largest region in the 5G core market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global 5G core market report during the forecast period. The regions covered in the 5g core market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Which key market leaders are driving the 5g core industry growth?
Major companies operating in the 5G core market include 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, Juniper Networks Inc., Amdocs, Datang Telecom Group, Alpha Networks Inc., Dell Technologies Inc., Bharti Airtel Limited, Rakuten Mobile Inc.

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What Is Covered In The 5G Core Global Market Report?

• Market Size Forecast: Examine the 5g core market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the 5g core market for a structured understanding.
• Key Players Overview: Analyze major players in the 5g core market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the 5g core market.
• Segment Contributions: Evaluate how different segments drive overall growth in the 5g core market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the 5g core market.
• Industry Challenges: Identify potential risks and obstacles affecting the 5g core market.
• Competitive Landscape: Review strategic developments in the 5g core market, including expansions, agreements, and new product launches.

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