Solution Segment to Dominate the 5G Core Market throughout the Forecast Period, States Fact.MR

The 5G core market revenues were estimated at US$ 1.1 billion in 2021 and are anticipated to grow at a CAGR of 26.7% during 2022-2032, according to a recently published Fact.MR report. By the end of 2032, the market is expected to reach US$ 14.6 billion. Solution held the largest market share of the 5G core market and is projected to register a CAGR of 72.5%, and this trend is likely to be continued with the projected CAGR of 26.7% in the next ten years.

The 5G core market is experiencing rapid growth, driven by the swift development of IoT infrastructure and next-gen wireless capabilities. With high-speed connectivity, low latency, and strong network capacity, 5G core supports the expansion of IoT and emerging technologies like eMBB, URLLC, mMTC, and time-critical communication. Its flexibility across public, private, and hybrid models, along with support for containerized and NFV-based deployment, enhances its appeal. Additionally, 5G core helps operators bridge the 4G-5G gap by enabling seamless omnichannel experiences.

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Key Takeaways from the Market Study:

• 5G Core market is expected to reach a market size of US$ 14.7 billion by 2032.
• In 2022, North America is expected to contribute more than 35% to the market revenue
• 5G Core solution segment is projected to garner over 25% CAGR between 2022 and 2032
• Cloud shows the highest growth potential among deployment models. Its market is expected to grow at a CAGR of about 25% during 2022- 2032.
• U.S., the key market is expected to hold the prominent market share and grow at a CAGR of 26.5% during 2022 - 2032.

Leading Players Driving Innovation in the 5G Core Market

Key industry participants like Ericsson; Huawei; Nokia; Samsung; ZTE; Cisco; Mavenir; NEC; Oracle; Athonet etc. are driving the 5G core industry.

Competitive Landscape

A number of regional and global players operate in this market. These companies compete based on the innovation of their solutions and their reach across geographies. A variety of strategies are being employed by companies to remain competitive in the 5G Core market.

1. In Mar, 2022, Ericsson and Vodafone have successfully completed the UK’s first 5G standalone (SA) network slicing trial in a joint lab demonstration to create on-demand 5G connectivity and dedicated performance for consumer and business customers.
2. In Feb, 2021, NOKIA announced the launch of its DelOps initiative, a new and innovative approach to managing the complexity of 5G core software delivery and operations, and a new suite of CI/CD Services to help communication service providers (CSPs) realize increased operational efficiencies and velocity of new services

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More Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the 5G Core market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of component (solution, 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)across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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