dublin, February 23, 2024 /PRNewswire/ — “5G Core Global Market Report 2024” report added ResearchAndMarkets.com Recruitment.
The 5G core market is expected to witness rapid growth in the coming years.will grow up to $58.64 billion It will grow at a compound annual growth rate (CAGR) of 75.4% in 2028. The expected growth during the forecast period can be attributed to several factors. These include rapid deployment of 5G networks, proliferation of 5G enterprise and industrial use cases, increased emphasis on network security, expansion of private 5G networks, continued evolution of standards, and more.
Notable trends expected during the forecast period include implementation of network slicing for industry-specific applications, integration of edge computing into 5G core networks, adoption of open radio access networks (RAN), and network Includes application of artificial intelligence and automation for optimization. , Advances in security measures for 5G networks.
A rapid increase in data traffic is expected to drive the expansion of the 5G core market in the future. Data traffic, which refers to the amount of data sent across a network at a given moment, is an important consideration. Leveraging the 5G core to manage data traffic offers several benefits, including improved network capabilities, service exposure, and traffic steering capabilities. These benefits provide additional tools to optimize traffic management and ensure efficient processing of data traffic.
The growing adoption of 5G technology is expected to drive the expansion of the 5G core market in the coming years. This momentum is being driven by 5G, the latest generation of mobile communications networks, the successor to 4G (LTE) and 3G. The 5G core network (5GC) serves as the foundational infrastructure for the implementation and operation of 5G technology and plays a critical role in supporting the diverse use cases and applications that leverage the capabilities of the 5G network.
Notable trends in the 5G core market include companies introducing technological advancements to strengthen their market position. for example, November 2022Nokia Corporation is one of the world’s leading telecommunications service providers, headquartered in: Finlandhas introduced a Software-as-a-Service (SaaS) alternative for enterprise customers looking to simplify the deployment of 5G standalone (SA) core networks. This subscription-based service is Nokia Core SaaSoffers a complete 5G core solution through a SaaS delivery model, eliminating the upfront costs and burden of managing software maintenance and updates.
Leading companies operating in the pet sitting market are adopting a strategic partnership approach to strengthen their standalone networks. Strategic partnership refers to the process by which companies leverage each other’s strengths and resources to achieve mutual benefits and success.
Within the 5G core are the major components that make up solutions and services. In the field of network operations, a service refers to an application or functionality that helps establish connections between users, applications, and data within a network. Diverse solutions include professional and managed services deployed both in the cloud and on-premises. Telecom operators and enterprises utilize a variety of network capabilities such as AMF, SMF, UPF, PCF, NEF, UDM, AUSF, AF, and NSSF. These capabilities play a critical role in supporting 5G core operations.
The 5G core market includes revenue earned by entities through services such as service-based architectures and cloud-based architectures. Market value includes the value of related goods sold by the service provider or included in the services provided.
The report covers market characteristics, size and growth, segmentation, regional and country breakdown, competitive landscape, market share, trends and strategies for this market. It tracks market history and projected market growth by geography.
range
Target market:
- By component: Solutions.service
- By deployment: Cloud.on-premises
- By network function: Access and Mobility Management (AMF). Session Management Facility (SMF). User Plane Function (UPF); Policy Control Function (PCF). Network exposure function (NEF); Network repository function (NRF); Unified data management (UDM); Authentication server function (AUSF); Application function (AF); Network slicing selection function (NSSF)
- By End User: Carrier.company
Country: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; England; united states of america; Canada; Italy; Spain
region: Asia Pacific; western europe; eastern europe; North America; south america; middle east; Africa
Time series: 5 year history and 10 year forecast
data: Market size and related market growth rate, GDP ratio, per capita expenditure
Segment your data: Historical and forecast data for countries and regions, competitor market shares, market segments
Introduced companies
- Nokia Corporation
- Huawei Technologies
- samsung electronics
- Cisco Systems Corporation
- Affirmed Networks, Inc.
- ZTE Corporation
- NEC
- Oracle Corporation
- Telefonactivo Larget LM Ericsson
- Hewlett Packard Enterprise Company LP
- HR Mavenir Systems Co., Ltd.
- Druid Software Co., Ltd.
- IPLOOK Technology
- AT&T Corporation
- orange SA
- VMware Corporation
- atnet
- Siena Co., Ltd.
- F5 Networks Co., Ltd.
- Altiostar Networks
- Parallel Wireless Co., Ltd.
- Reliance Industries Limited
- Juniper Networks, Inc.
- amdocs
- Datang Telecom Group
- Alpha Networks Co., Ltd.
- Dell Technologies, Inc.
- Bharti Airtel Limited
- Rakuten Mobile Co., Ltd.
For more information on this report, please visit https://www.researchandmarkets.com/r/d8j2o7.
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