Press release
5G Core Market Poised to Hit $104.7 Billion by 2029 with Accelerating Growth Trends
5G Core Market
5G Core Market Size Growth Forecast: What to Expect by 2025?
The size of the 5G core market has been on a rapid upward trajectory in the past few years. It's projected to expand from $6.1 billion in 2024 to $10.52 billion in 2025, displaying a compound annual growth rate (CAGR) of 72.3%. Factors contributing to this growth during the historical period include a surge in mobile data traffic, the necessity for faster data speeds and minimal latency, a spread in the internet of things (IoT), worldwide standardization endeavors, aggressive market competition, and cooperation within the industry.
How Will the 5G Core Market Size Evolve and Grow by 2029?
In the coming years, the 5G core market is anticipated to experience a massive surge in its size. By 2029, it is expected to reach a valuation of $104.7 billion, marking a 77.6% compound annual growth rate (CAGR). This notable expansion in the estimated period is a result of swift 5G network rollouts, increased enterprise and industrial usage of 5G, an amplified emphasis on network security, and the expansion of private 5G networks along with the continual evolution of standards. The forecast period is likely to witness key trends such as the adoption of network slicing for specialized industry applications, the integration of edge computing into 5G core networks, the acceptance of open ran (radio access network), the application of AI and automation for network optimization, and bolstered security measures for 5G networks.
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What Drivers Are Propelling the Growth of 5G Core Market Forward?
The growth of the 5G core market is predicted to be driven by the massive influx of data traffic. Network traffic, also known as data traffic, refers to the quantity of information being transferred across a network at any given time. Using 5G Core for data traffic regulation provides several benefits such as improved network abilities, service exposure, and traffic steering options. These advantages offer more resources to enhance traffic management and to achieve efficient handling of data traffic. For instance, as reported by Telefonaktiebolaget LM Ericsson, a Swedish-based IT service provider, global mobile data traffic reached approximately 90 EB each month in 2022 and is expected to escalate nearly fourfold, hitting 325 EB each month by 2028. Consequently, the high influx of data traffic necessitates the amplified deployment of 5G core technology.
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Which Emerging Trends Are Transforming the 5G Core Market in 2025?
The growth of technological innovations is a key trend accelerating the 5G core market. Firms in the 5G core market are leveraging new technologies to maintain their dominance. For example, in November 2022, Nokia Corporation, a leading telecommunication service provider based in Finland, launched a software-as-a-service (SaaS) option for its corporate clients looking for a simpler way to roll out the 5G standalone (SA) core network, in addition to its current offerings. Nokia offers its 5G Core SaaS via subscription, eliminating the need for an initial investment and the burden of managing software updates and maintenance through an operator. Nokia's Core SaaS is the first fully comprehensive 5G core solution in the market, offering all crucial cloud-native network services through a SaaS delivery model.
What Are the Key Segments in the 5G Core Market?
The 5G coremarket 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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Who Are the Key Players Shaping the 5G Core Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth 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
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