5G Core Market Expected to Reach US$ 4.7 Billion by 2030 | CAGR 13.60% [PDF Version]

Market Analysis

According to a comprehensive research report by Market Research Future (MRFR), “5G Core Market Research, Information by Component, Network Functions, End-User – Forecast 2030”. Valuation is poised to reach USD 4.7 Billion by 2030, registering a 13.60% CAGR throughout the forecast period (2022–2030).

The outlook of the global 5G core market appears extremely positive, mainly due to the rising demand for cloud-native 5G core network platforms. Besides, increasing 5G implementations and the demand for additional support-building networks substantiate the market size.

With the increasing demand for improved communication systems, the market is projected to witness significant revenue gains in the next few years. In this regard, Market Research Future (MRFR) asserts that the global 5G core market would grow at a colossal CAGR during the forecast period (2022 – 2030).

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Additionally, advances in 5GC virtualization techniques such as Cloud Native and Micro-Service boost the market size. Growing needs for building and distribution of different slices, including URLLC (ultra-reliability and low latency communication), eMBB (enhanced mobile broadband), and mMTC (massive machine-type communications), influence the market value.

5G Core Market Key Players

Eminent industry players profiled in the 5G Core market report include.

• Nokia ( Finland )
• Ericsson ( Sweden )
• Huawei ( China )
• ZTE ( China )
• Samsung ( South Korea )
• Affirmed Networks ( US )
• Mavenir( US )
• NEC( Japan )
• Cisco( US )
• HPE ( US )
• Oracle( US )
• Athonet (Italy)
• Casa Systems ( US )
• Cumucore ( Finland )
• Druid Software( Ireland )
• IPLOOK ( China )
• Metaswitch( UK )

Browse In-depth Market Research Report (111 Pages) on 5G Core Market:
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Market Segmentation

Market Highlights

The global 5G core market has been segmented based on component, deployment mode, network functions, and end user, and region.

Based on components, the 5G core market has been segmented into solutions and services. Furthermore, the solution segment is sub-segmented into professional services and managed services.

Based on deployment mode,  the 5G core market has been segmented into cloud and on-premises.

Based on network functions, the 5G core market has been segmented into AMF ( Access And Mobility Management Function ), SMF ( Session Management Function ), UPF ( User Plane Function ), PCF ( Policy Control Function ), NEF ( Network Exposure Function ), NRF (NF Repository Function ), UDM ( Unified Data Management ), AUSF ( Authentication Server Function ), AF ( Application Function ), NSSF ( Network Slice Selection Function ) and Others.

Based on end user, the 5G core market has been segmented into telecom operators and enterprises.

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Regional Analysis

The regional analysis for the global 5G core market has been done for North America, Europe, Asia-Pacific, and the Middle East & Africa, and South America. The market in North America accounted for the largest market share in 2019, and it is expected to register strong growth during the forecast period. The market in Asia-Pacific is expected to register the highest CAGR during the forecast period. This growth can be attributed to the growing adoption of 5G technology among the various verticals.

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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