Global revenue of 5G core in 2021 was held at US$ 1.1 Bn. Further, the market is projected to grow at a CAGR of 26.7% during 2022 - 2032. Solution is expected to be the highest revenue generating component, with a projected growth of 25.5% during 2022 – 2032.
Key Points Covered in 5G Core Industry Survey:
- Market Estimates and Forecasts (2019-2032)
- Key Drivers and Restraints Shaping Market Growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Market Share Analysis
- COVID-19 Impact on 5G core and How to Navigate
- Recommendation on Key Winning Strategies
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Competitive Analysis
The key players such as ERICSSON; HUAWEI; NOKIA; SAMSUNG; ZTE. Adopt several organic and inorganic strategies to enhance their revenue and market standings.
Some of the recent developments of key 5G core providers are as follows:
- On Mar 15, 2022, Ericsson and Vodafone effectively finished the UK's first 5G independent network cutting preliminary in a joint lab show to encourage interest in 5G availability and committed execution for purchaser and business clients.
- In Feb 23, 2021, NOKIA declared the send-off of its Delos drive, a new and creative way to deal with dealing with the intricacy of 5G core programming conveyance and tasks, as well as set-up of CI/CD Services to assist correspondence with overhauling suppliers.
- In February, 2022 – Samsung Electronics Co., Ltd. announced that it will continue to collaborate with providers of chipsets, cloud platforms, and servers to expand the 5G vRAN ecosystem. The objective of this drive is to drive multiparty collaboration and innovation for the advancement of software-based networks. With this ecosystem, the providers continue to develop vRAN towards a more scalable, flexible network which will deliver carrier-grade performance, management and reliability.
Similarly, recent developments related to companies offering 5G core have been tracked by the team at Fact.MR, which are available in the full report.
Market Segments Covered in 5G Core Industry Analysis
· By Component :
- Solution
- Services
- Professional services
- Managed Services
· By Network Functions :
- Access and Mobility Management Function
- Session Management Function
- User Plane Function
- Policy Control Function
- Network Exposure function
- NF Repository Function
- Unified Data Management
- Authentication Server Function
- Application Function
- Network Slice Selection function
- Others
· By End-User :
- Telecom Operators
- Enterprises
· By Deployment Model :
- Cloud
- On-Premises
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According to a new market research report "5G Core Market by Component (Solutions and Services), Network Function (Access and Mobility Management Function, Policy Control Function, Unified Data Management), Deployment Model (Cloud and On-premises), End User, and Region - Global Forecast to 2025" published by MarketsandMarkets™, the 5G core market size projected to grow from USD 630 million in 2020 to USD 9,497 million by 2025, at a Compound Annual Growth Rate (CAGR) of 72.0% during the forecast period.The 5G core market is gaining traction due to its cloud-native and service-based architecture that will improve the modularity of products with greater emphasis on low latency, uRLLC, eMBB, and mMTC offerings.
The rapid rise in the volume of data being carried by cellular networks has been driven largely by consumer demand for video and the shift of business toward the use of cloud services.
The commercialization of 5G services in enterprises such as private 5G and the availability of unlicensed and shared spectrum in the globe are expected to shape the future of the 5G core market.Browse in-depth TOC on "5G Core Market”128- Tables72- Figures266- PagesRequest Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=136573849Services segment to grow at the highest CAGR during the forecast periodServices play a vital role in the deployment and integration of next-generation networking solutions in an enterprise’s business environment.
Services are considered an important component of the 5G core market, as they majorly focus on improving the business processes and optimizing the enterprise’s network.
The deployment of various cloud-based and 5G on-demand slicing solutions using cloud-native thinking and models is bound to accelerate the digital transformation of the entire communications industry.APAC region to record the highest market share in the 5G core market in 2020APAC is expected to grow at the highest CAGR during the forecast period.
The infrastructural growth in APAC, especially in Japan, South Korea, Australia, Singapore, China, and India, and the increasing deployment of 4G and 5G networks present huge opportunities for the implementation of the 5G core solution.
