Market Highlights
The global 5G core market has been segmented based on component , deployment mode , network functions , and end user , and region.
Based on component , the 5G core market has been segmented into solutions and services. Furthermore, the solution segment 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 global 5G Core Market Forecast is expected to expand at an 52.7% CAGR during the forecast period, to reach USD 16,145.1 million by 2027. The geographic analysis of the 5G Core market has been conducted in North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
North America is expected to be the dominating region due to the faster adoption of innovative technologies in developed countries such as the US and Canada. The US accounted for the largest market share, followed by Canada and Mexico. This growth can be attributed to favorable government initiatives to encourage the adoption of 5G technology across various industries. The main factor driving the 5G core market in this region is the strong presence of key industry players offering 5G core solutions.
The European market has been segmented into the UK, Germany, France, and the rest of Europe. In terms of market size, Europe is expected to be the second-largest regional market. The UK is projected to be the leading country-level market, while Germany is expected to register the highest growth over the review period. A growing number of 5G solution start-ups in the region are boosting the adoption of 5G core infrastructure to improve operational efficiency and enable process automation
The market in Asia-Pacific is projected to register the fastest growth rate over the forecast period, with the regional market being segmented into China, Japan, India, and the rest of Asia-Pacific. This share is attributable to increasing investments in 5G technology. Furthermore, increasing government and research institute initiatives in the region for the development of 5G core is likely to drive the market growth in Asia-Pacific.
The Middle East & African and South American markets have started adopting these technologies only recently. The service providers and enterprises from manufacturing, government, and defense sectors in this region have started adopting 5G technology.
Key Players
The key players of the global 5G Core market are 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 ), and Metaswitch( UK ).
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5G core Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030
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