Market Overview:
The global 5G core market is estimated to register a CAGR of over 52.7% to reach USD 16,145.1 million by the end of 2027.
5G core market organization involves a series of macro- and small-cell base stations that are hold edge computing capabilities required for functionality of next generation cellular networks. 5G organisation delivers quicker data transmission with lower latency and massive connectivity for end-use applications including IoT devices, semi-autonomous vehicles, augmented reality, among others driving smart homes, smart cities, smart factories, and mission critical applications (for instance, healthcare). There are two types of 5G network structure architectures such as standalone and non-standalone, respectively. Standalone network infrastructure involves cloud-native network core of their own, connecting to the 5G New Radio (NR) technology whereas non-standalone infrastructure that partly depend over their predecessor- 4G LTE infrastructure.
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Market Segmentations:
The global 5G core market has been segmented based on component, deployment mode, network functions, end-user, and region. By component, the global 5G core market, has been segmented into solutions and services, Further services is bifurcated into professional services, managed services. By deployment mode, the 5G core market has been segmented into cloud and on-premises. The cloud segment accounted for a larger market share of 71.2% in 2020, with a market value of USD 506.8 million; it is expected to register the highest CAGR of 57.1% during the forecast period.
Regional Analysis:
5G core market is analyzed in North America, Asia Pacific, Europe, South America, the middle east and Africa. North America will contribute to the market at a high rate. The increasing use of the integrating digital and physical world via the internet and the increasing traction and popularity of mixed reality are major factors driving the market. Businesses in North America utilize sophisticated virtual reality and augmented reality to improve the company processes.
The European 5G core market is projected to grow due to the growing number of mobile device penetration, enterprises developing their own applications, high innovation dynamics, and data protection regulations are the major driving factors of the market in Germany
Covid-19 Analysis:
The COVID-19 outbreak has positively affected the 5G core industry. The full/partial lockdown forced worldwide to control the spread of coronavirus increased live streaming activities by almost 50% compared to the pre-COVID period. In April 2020 alone, several 5G core market platforms observed a significant increase in viewership. The coronavirus lockdown affected huge revenue losses across the industries and closed numerous manufacturing facilities across the globe, putting a brake on production.
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Market OverviewGlobal 5G Core Market is expected to reach USD 16,092.5 Million by 2026, registering a CAGR of 72.00% during the forecast period.
In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse into the coming yearsGlobal 5G Core Market has been segmented based on Component, Deployment Mode, Network Functions, End User, and RegionBased 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 enterprisesBased on region, the 5G core market has been segmented into North America, Asia-Pacific, Europe, the Middle East & Africa, and South America.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/10451Competitive AnalysisThe 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 ).Regional AnalysisThe 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.About Market Research FutureAt Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.ContactMarket Research FuturePhone: +1646 845 9312Email: [email protected]
