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I AgreeAnalysis of 5G Core market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
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.
Attribute |
Details |
Forecast Period |
2022-2032 |
Historical Data Available for |
2019-2021 |
Market Analysis |
US$ Bn for Value |
Key Regions Covered |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Pricing |
Available upon Request |
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As per the 5G core industry research by Fact.MR - a market research and competitive intelligence provider, historically, from 2019 to 2021, market value of the 5G core industry increased at around 72.5% CAGR, wherein, countries such as the US, China, UK and Japan held significant share in the global market.
5G core is the cornerstone of building a reliable 5G Network and securing end-user Connectivity. Owing to this, 5G core market is projected to grow at a CAGR of 26.7% over the coming 10 years.
The key factors adding to the improvement of the 5G core market includes development of IOT infrastructure at a swift pace.
Next generation wireless network capabilities offer potential for revolutionary applications extending beyond smartphones and other mobile devices. 5G core is widely demanded due to high speed Internet connectivity, low latency and high network capacity which helps to eliminate the limitations to IoT expansion. These factors will continue to bolster the growth of 5G core market exponentially in the coming years.
The advent and spread of technologies such as Enhanced Mobile Broadband, Ultra Reliable Low Latency Communication, massive Machine Type Communication, and Time Critical Communication need a robust 5G infrastructure which can be promised by 5G core. Through the implementation of 3GPP network architecture that enables fast speed, ultra-low latency, network reliability, coupled with higher bit rates, are expected to address several IT infrastructure challenges that may emerge in the connected community and workplaces.
Besides, the versatility of 5G core towards its application in public, private as well as hybrid deployment models, further promises its staggering growth in the forthcoming years. Besides, it supports both containerized as well as NFV-based deployment. Furthermore, 5G core have been a boon for the operators who have been unprepared to switch to 5G, as it bridges the existing gap by creating an omni-channel experience for subscribers through addition of Wi-Fi offload into the operator’s network.
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5G core is the core of a 5G versatile organization. It lays out dependable, secure availability to the organization for end clients and gives admittance to its administrations.
The fifth era of remote innovation 5G core addresses the changing spirit of availability and organization. Intended for greatest speed and limit, 5G core can possibly boundlessly grow how information is moved and will empower a wide scope of various newer applications and use cases that go beyond cell phone and mobile network applications.
5G core market is relied upon to develop at a significant rate in the forthcoming years. The market in North America has been growing at a CAGR of over 25% owing to the zeal of United States to pace up its connectivity. This increment is additionally because of the developing mindfulness among different shoppers across the region.
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The U.S. dominated the market in 2021 accounting for over 36% share in the global market. 5G core consider liable for the fast turn of events and headway in the systems administration area and the expansion in the requirement for cloud-local and administration based foundation in cell innovation which are advancing the development of the U.S. market.
The quick ascent in the volume of information being conveyed by cellular networks has been driven to a great extent by customers and gigantic interest for video, and the shift of business toward the utilization of cloud administrations. There are huge learning experiences for 5G core consumers as well as merchants. The commercialization of 5G administrations in ventures, for example, private 5G and the convenience of unlicensed and shared range are relied upon to shape the eventual fate of the 5G core market.
Cloud deployment show the significant potential for development in the 5G core market. The segment is projected to garner a growth of around 24.9% during the following decade.
By 2022, around 70% of the organizations will utilize mixture cloud or multi-cloud stages as component of an appropriated IT framework. It will mean information and handling can be taken care of in the cloud, however made open to gadgets quicker.
This innovation pattern will assist organizations with helping their speed and capacity to move rapidly, lessen intricacy, save costs and reinforce their online protection. The blend of 5G cell and cloud advancements will contribute significantly to the overall IT infrastructure’s development.
The effect of COVID-19 on 5G core was very little observed. Without being impacted, the 5G core industry generated revenue of US$ 1.1 Bn in 2021 and continued to develop at a pace of 72.5% throughout the last year. The justification behind the development of the business during the pandemic might be credited to the developing wellbeing worry of the clients during the pandemic.
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:
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.
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The global 5G core market is worth more than US$ 1.1 Bn at present.
Value of 5G core is projected to increase at a CAGR of around 26.7% during 2022 – 2032.
Value of 5G core increased at a CAGR of around 72.5% during 2019 – 2021.
The key factors driving the growth of the 5G core market include the growth in installation and adoption of 5G network and continuous advancements in Machine-to-Machine (M2M) communication technologies.
Top 5 countries driving demand for 5G core are U.S., U.K., China, Japan and South Korea.
U.S. accounted for over 26.5% of global 5G core demand in 2021.
The U.K. market for 5G core is projected to expand at a CAGR of around 25.6% during 2022 – 2032.