18-Mar-2021 | Facts and Factors
As per the report published by Facts and Factors, the global 5G Core market was valued at approximately USD 349.4 Million in 2019 and is expected to generate revenue of around USD 13163.1 Million by end of 2026, growing at a CAGR of around 69.3% between 2020 and 2026.
The 5G core network was designed from the ground up to support both virtualized and cloud-native implementations, including entirely software-based networking functions and services. The 5G Core authenticates users and devices, applies customized rules, and tracks device mobility before traffic is diverted to operator networks or the Internet.
Major players in the 5G core market are:
Oracle, Athonet, Casa Systems, Mavenir, IPLOOK, Cumucore, ZTE, Nokia, Ericsson, Huawei, Metaswitch, Samsung, Affirmed Networks, NEC, Cisco, HPE, and Druid Software amongst others.
Development of smart infrastructure paired with the demand for private 5G across enterprises
Over the forecast period, the market is expected to expand due to the development of smart Infrastructure and the rising demand for cloud-native and service-based architecture. However, data protection issues in the 5G core network could stymie 5G core network adoption over the forecast period. Furthermore, consumer demand for video and the transition in the industry toward the use of cloud technology has also contributed to the rapid increase in the amount of data carried by cellular networks. Vendors of 5G core equipment have a lot of room to expand.
Every line of business has seen a significant shift in the implementation of mission-critical business applications as a result of automation and digitalization. Most industries have undergone digital transformations to meet the increasing demand for operational agility among consumers and businesses. Because of 5G's inherent ability to embrace network slicing, private LTE can be more widely used in the enterprise network. Technological advances and the evolving environment have paved the way for new business technologies to develop in a variety of industries.
North America is projected to Dominate Global 5G Core Market Growth
North America dominated the 5G core market, followed by Asia-Pacific and Europe, and it is projected to continue to do so until the end of the forecast era. The United States held the maximum share in the North America 5G Core market, followed by Canada and Mexico. The United States has a sizable market share in North America, with prominent companies such as Affirmed Networks, Mavenir, Cisco, HPE, Oracle, and Casa Systems making major inroads. During the forecast period, Asia-Pacific has the highest CAGR. Europe came in second place in terms of CAGR. Over the projected era, the digital transformation trend in business is expected to rise at a significant rate.
Browse the full“5G Core Market By Components (Solutions and Services), By Services (Professional Services and Managed Services), and By Network Functions (AMF, PCF, NEF, SMF, UDM, AUSF, UPF, NRF, AF, NSSF, and Others), By Deployment Model (Cloud and On-Premises), By End User (Telecom Operators and Enterprises): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026” report at https://www.fnfresearch.com/5g-core-market
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 349.4 Million |
Projected Market Size in 2026 |
USD 13163.1 Million |
Growth Rate |
CAGR 69.3% |
Base Year |
2019 |
Forecast Years |
2020–2026 |
Key Market Players |
Oracle, Athonet, Samsung, Affirmed Networks, NEC, Cisco Casa Systems, Mavenir, IPLOOK, Cumucore, ZTE, Nokia, Ericsson, Huawei, Metaswitch, HPE, and Druid Software amongst others. |
Key Segment |
By Components, By Services, BY Network Functions, By Deployment Model, By End User, and By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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The Global 5G Core market is segmented as follows:
By Components:
By Services:
- Professional Services
- Managed Services
By Network Functions:
- AMF
- PCF
- NEF
- SMF
- UDM
- AUSF
- UPF
- NRF
- AF
- NSSF
- Others
By Deployment Model:
By End User:
- Telecom Operators
- Enterprises
By Region:
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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