Press release
5G Core Market Size Projected To Reach $105.06 Billion By 2034 With A Cagr Of 77.8%
5G Core
What Is the Projected Growth of the 5G Core Market?
The 5G Core 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 5G Core Market?
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What Are the Different 5G Core Market Segments?
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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What Are the Primary Drivers Shaping the 5G Core Market?
The boom in data traffic is predicted to spur the expansion of the 5G core market in the future. Data traffic, also known as network traffic, involves the quantity of data being transmitted across a network at a given moment. The application of 5G Core for managing data traffic presents several benefits such as improved network capabilities, service exposure, and traffic steering features. These advantages provide extra tools for refining traffic management and achieving effective data traffic handling. For example, a report released by Telefonaktiebolaget LM Ericsson, an IT services company based in Sweden, revealed that global mobile data traffic reached approximately 90 EB per month in 2022 and is expected to multiply almost four-fold, hitting 325 EB per month by 2028. Thus, the boom in data traffic necessitates heightened usage of the 5G core.
Which Companies Are Leading in the 5G Core Market?
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.
What Are the Major Trends Shaping the 5G Core Market?
The increasing emphasis on technological innovations is a major trend growing within the 5G core market. To maintain their market positioning, firms in the 5G core market are adopting new technologies. An example occurred in November 2022 when Nokia Corporation, a leading global telecommunications service provider headquartered in Finland, launched a software-as-a-service (SaaS) option for its corporate clients seeking a simpler approach to implement the 5G standalone (SA) core network, in addition to its other offerings. Nokia offers 5G Core SaaS as a subscription-based service, eliminating the need for initial expenditure and transferring the burden of software management and regular updates to an operator. Nokia's Core SaaS stands as the first comprehensive 5G core solution in the market, offering all crucial cloud-native network services via the SaaS distribution model.
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What Are the Top Revenue-Generating Geographies in 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the 5G Core Market?
2. What is the CAGR expected in the 5G Core Market?
3. What Are the Key Innovations Transforming the 5G Core Industry?
4. Which Region Is Leading the 5G Core Market?
Why This Report Matters:
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