Emerging Trends Influencing The Growth Of The 5G Core Network Market: 5G Core Network Market Software-As-A-Service (Saas) Innovations Enhance Network Efficiency And Scalability

The 5G Core Network 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].

How Big Is the 5G Core Network Market Size Expected to Be by 2034?
The expansion of the 5G core network market has been phenomenal in the past few years. There is a projected growth from $2.78 billion in 2024 to $3.47 billion in 2025, indicating a compound annual growth rate (CAGR) of 25.1%. Factors such as low latency needs, extensive IoT connectivity, service-focused architecture, improved security, and worldwide connectivity are credited for the remarkable growth witnessed in the historical period.

The market size of the 5G core network is set to experience a tremendous rise in the coming years. The projection is a growth to $7.64 billion by 2029, with a compound annual growth rate (CAGR) of 21.8%. The surge during the prediction timeframe can be linked to factors such as the incorporation of edge computing, 5G-driven vertical industries, government policies and initiatives, competitive differentiation, as well as network modernization. Key trends that will shape this period are 5G-powered IoT solutions, network synchronization, improvements in network security, network automation and orchestration, and the evolution of the 5G core network.

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What Are the Emerging Segments Within the 5G Core Network Market?
The 5G core network market covered in this report is segmented -

1) By Components: Solutions, Services
2) By Deployment Model: Cloud, On-Premises
3) By Application: Smart Energy, Industrial Manufacturing, Smart Medical, Media Entertainment, Smart Transportation
4) By End User: Telecom Operators, Enterprises

Subsegments:
1) By Solutions: Network Functions Virtualization (NFV), Software-Defined Networking (SDN), Cloud-Native Core, Data Analytics And Management, Security Solutions
2) By Services: Consulting Services, Integration Services, Maintenance And Support Services, Managed Services

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What Long-Term Drivers Are Shaping 5G Core Network Market Trends?
The expansion of the 5G core network market is predicted to be accelerated by the growing usage of 5G services. These services, powered by the fifth-generation wireless cellular technology, are increasingly sought after due to the need for fast data transmission, the surge in connected devices, and the rise in IoT applications. The 5G core network facilitates a myriad of 5G services, supplying vital infrastructure and capabilities required to fully tap into 5G technology's potential. The network caters to a diverse array of services, covering enhanced mobile broadband (eMBB), massive machine-type communications (mMTC), and ultra-reliable low-latency communications (UR-LLC). In April 2023, 5G Americas, a US-based industry trade group, projected that global 5G wireless connections will hit 5.9 billion by the close of 2027. Hence, the growing uptake of 5G services is fuelling the expansion of the 5G core network market.

Who Are the Top Competitors in Key 5G Core Network Market Segments?
Major companies operating in the 5G core network market are Samsung Electronics Co. Ltd., Reliance Industries Limited, Dell Technologies Inc., Huawei Technologies Co. Ltd., Intel Corporation, Cisco Systems Inc., Qualcomm Incorporated, Oracle Corporation, Fujitsu Limited, Hewlett Packard Enterprise Company, Telefonaktiebolaget LM Ericsson, Nokia Corporation, NEC Corporation, ZTE Corporation, VMware Inc., Juniper Networks Inc., Ciena Corporation, Mavenir Systems Inc., Ribbon Communications Inc., Casa Systems Inc., Parallel Wireless Inc., Altiostar Networks Inc., Affirmed Networks, Druid Software Ltd., Athonet S.r.l.

What 5G Core Network Market Trends Are Gaining Traction Across Different Segments?
Primarily, industries active in the 5G core network market like Nokia Corporation are creating advancements such as Software-as-a-Service (SaaS) to heighten network efficiency, scalability, and cost-effectiveness. SaaS, a model where software applications are hosted over the internet by a provider, serves as a vital tool within this sector. In November 2022, the Finland-based multinational telecommunications company introduced Core SaaS for 5G, the first comprehensive 5G core solution to offer all core cloud-native network functions through a SaaS delivery model. It's designed to offer communication service providers (CSPs) and businesses the ability to manage their networks with enhanced flexibility and scalability, hence promoting business agility and speedy network service monetization. By shifting from the usual customized software deployments on private infrastructure to a subscription model, operators can circumvent significant initial capital expenses and negate the need for onsite software maintenance and upgrades.

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Which Regions Are Becoming Hubs for 5G Core Network Market Innovation?
Asia-Pacific was the largest region in the 5G core network market in 2024. It is expected to be the fastest-growing region in the forecast period. The regions covered in the 5G core network 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 Network Market?
2. What is the CAGR expected in the 5G Core Network Market?
3. What Are the Key Innovations Transforming the 5G Core Network Industry?
4. Which Region Is Leading the 5G Core Network Market?

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