5G Core Market

5G Core Market Outlook

Global revenue of 5G core in 2021 was held at US$ 1.1 Billion. 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.

Report Attribute	Details
Forecast Period	2022-2032
Historical Data Available for	2019-2021
Key Regions Covered	North America Latin America Europe East Asia South Asia Oceania MEA
Key Countries Covered	U.S. U.K. China Japan South Korea Germany France Italy Spain Brazil Mexico Argentina South Africa Saudi Arabia UAE Australia India
Key Market Segments Covered	Component Network Functions End-User Deployment Model Region
Key Companies Profiled	Ericsson Huawei Nokia Samsung ZTE Cisco Mavenir NEC Oracle Athonet

Revenue of 5G Core from 2019 to 2021 Compared to Demand Outlook for 2022 to 2032

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 5G core market reached a valuation of US$ 1.1 Bn in 2021. Fact.MR estimates that 5G core revenue will grow 13.5X from 2022 to 2032, reaching nearly US$ 14.6 Bn in 2032.
• Solution held the highest CAGR of 25.5% in the market.
• US is expected to be the fastest growing market for 5G core, with a CAGR of 26.5%.
• Cloud deployment show the significant growth potential with a projected CAGR of 24.9% during the next ten years.

How 5G Core is Likely Become the Fuel of Next-gen IoT Drivetrain?

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.

How 5G Core is Being Effectively used for Mobile Network?

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.

Which Region is projected to Offer the Largest Opportunity for 5G Core?

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.

Country-wise Analysis

Which Country Topped the Revenue Generation for 5G Core Market?

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.

Category-wise Insights

What makes the Solution Largest Revenue Generator in 5G Core 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.

Which Deployment Model shows the Highest Potential over the Next Ten Years for 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.

How Has COVID-19 Impacted Revenue Generation from 5G Core?

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.

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