Market Overview
The global 5G core market growth is expected to grow from USD 1.67 billion in 2022 to USD 4.7 billion by 2030, at a CAGR of 13.60% during the forecast period. The growth of the 5G core market is attributed to the increasing demand for high-speed and low-latency connectivity, the growing adoption of cloud-based services, and the rising deployment of 5G networks worldwide.
The 5G core is the central network of a 5G network that controls and manages all traffic. It is responsible for tasks such as authentication, authorization, session management, and mobility management. The 5G core is also responsible for providing network services to applications such as mobile broadband, augmented reality/virtual reality (AR/VR), and the Internet of Things (IoT).
Key Companies
Some of the key companies operating in the 5G core industry include:
- Ericsson
- Nokia
- Huawei
- Samsung
- Cisco
- Hewlett Packard Enterprise
- Athonet
- Casa Systems
- Mavenir
- Affirmed Networks
- Oracle
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Market Segmentation
The 5G core market can be segmented by component, deployment type, network function, architecture, and end user.
- By component, the market can be segmented into hardware, software, and services. The software segment is expected to account for the largest share of the market during the forecast period.
- By deployment type, the market can be segmented into on-premises and cloud. The cloud segment is expected to grow at the fastest CAGR during the forecast period.
- By network function, the market can be segmented into session management, mobility management, policy and charging control, and network orchestration. The session management segment is expected to account for the largest share of the market during the forecast period.
- By architecture, the market can be segmented into centralized and distributed. The distributed segment is expected to grow at the fastest CAGR during the forecast period.
- By end user, the market can be segmented into telecommunications, enterprise, and government. The telecommunications segment is expected to account for the largest share of the market during the forecast period.
Regional Insights
The Asia Pacific region is expected to account for the largest share of the global 5G core market during the forecast period. This is attributed to the increasing demand for high-speed and low-latency connectivity in the region, the growing adoption of cloud-based services, and the rising deployment of 5G networks.
North America is expected to be the second-largest market for 5G core during the forecast period. The growth of the market in the region is attributed to the presence of major telecommunications companies and the early adoption of 5G technology.
Europe is expected to be the third-largest market for 5G core during the forecast period. The growth of the market in the region is attributed to the increasing demand for high-speed and low-latency connectivity, the growing adoption of cloud-based services, and the rising deployment of 5G networks.
Industry Latest News
Here are some of the latest news in the 5G core market:
- In August 2023, Ericsson announced the launch of its 5G Core Cloud Native, a cloud-native version of its 5G core network software. Ericsson claims that the new solution will help operators to reduce costs, improve operational efficiency, and accelerate innovation.
- In September 2023, Nokia and Vodafone announced the successful deployment of a 5G standalone (SA) network using Nokia’s 5G core solution. The new network is expected to provide Vodafone customers with high-speed and low-latency connectivity.
- In October 2023, Huawei announced the launch of its 5G Core Cloud Native Solution, a cloud-native version of its 5G core network software. Huawei claims that the new solution will help operators to reduce costs, improve operational efficiency, and accelerate innovation.
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