5G core market worth $9.497 billion by 2025, growing rapidly

CHICAGO, Aug. 2, 2023 (Globe Newswire) — global 5G core market The size is projected to grow from USD 630 million in 2020 to USD 9,497 million by 2025, at a CAGR of 72.0% during the forecast period. According to a new report from MarketsandMarkets™. The 5G core market is gaining momentum due to cloud-native, service-based architectures that improve product modularity with a focus on providing low latency, URLLC, eMBB, and mMTC.

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Report scope

5G core solutions are fueled by factors such as increased demand for broadband services on mobile networks, network virtualization, significant growth in mobile data traffic volume, and increased demand for high speed and large network coverage. Core market growth. Tremendous new opportunities exist in this market, including the continued growth in the number of IoT-connected devices and agile networks that are expected to shape the future of the 5G core market.

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The service department is 5G core market And it is expected to grow at a higher CAGR during the forecast period. Changes in technology trends have led to a rapid increase in end-user needs in the service sector. 5G core networks are new to carriers and enterprise customers and must be managed end-to-end. Deploying 5G core networks requires new expertise and special skill sets, increasing demand for consulting, design, implementation, support, maintenance, and managed services.

Cloud mode deployment is expected to exhibit higher CAGR during the forecast period. 5G Core is a cloud-native, next-generation virtualized core network architecture. Cloud-based technologies allow end users to effectively leverage their business into the cloud or migrate to cloud platforms for efficient and continuous service functionality. The introduction of a variety of cloud-based and 5G on-demand slicing solutions using cloud-native thinking and models is sure to accelerate the digital transformation of the entire telecommunications industry.

APAC is expected to grow at the highest CAGR during the forecast period. The region is changing dynamically with respect to the introduction of new technologies across various sectors. Infrastructure growth and increasing deployment of 4G and 5G networks in APAC, particularly Japan, South Korea, Australia, Singapore, China, and India, presents significant opportunities for the implementation of 5G core solutions. As technologies such as VR, AR, and IoT increase, content becomes more data-intensive, requiring seamless network connectivity and coverage, creating a huge opportunity for the region’s 5G core market. .

Top trends around the world 5G core market:

• Deployment and expansion: International 5G network deployment and expansion is one of the most widespread trends. Telecommunications companies and community operators are actively working on deploying 5G infrastructure to cover large areas and expand community capacity.
• Virtualization and cloud-native architectures: The transition to virtualization and cloud-native architectures in the 5G core was gaining momentum. This provides greater flexibility, scalability, and efficiency when managing community sources and services.
• Network slicing: 5G core science enables community slicing. This raised concerns about splitting the community into two digital networks customized for unique use cases. This allows carriers to offer tailored services to specialized industries such as automotive, healthcare, and entertainment.
• Edge computing: Edge computing was once considered a necessary element to achieve the low latency and high bandwidth required for 5G applications. By bringing the computing source closer to the end user, part computing outperforms the typical overall performance and person journey of 5G networks.
• IoT connectivity: With the boom in the Internet of Things (IoT), 5G core networks will be critical to providing seamless connectivity to a large number of IoT devices and enabling smart cities, industrial automation, and various IoT-driven systems. is expected to play a key role. application.
• Network Security: As 5G technology expertise expands, ensuring robust security has become a top priority. Network operators and carriers were targeted to impose better safeguards against viable cyber threats and vulnerabilities.
• Integration of AI and automation: The integration of synthetic genius (AI) and automation in 5G core networks has been on the rise. AI was previously used for community optimization, predictive maintenance, and real-time analytics to improve performance and efficiency across regular communities.

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Development of the world’s major industries 5G core market

• Standardization efforts: Various industry associations and standards organizations such as 3GPP (3rd Generation Partnership Project) have been actively working to define and refine 5G core standards. Standardization served a fundamental function in ensuring interoperability, compatibility, and global adoption of 5G technology.
• Network Operator Deployment: Some of the leading community operators around the world are actively deploying 5G networks and upgrading their core infrastructure to usher in 5G capabilities. The race to provide 5G services has driven huge investments in infrastructure and technological know-how upgrades.
• Virtualization and cloud-native architectures: The move towards virtualization and cloud-native architectures in the 5G core was once a significant corporate development. Community operators aimed to achieve greater flexibility, scalability, and value efficiency by decoupling hardware from software program functionality.
• Open RAN (Radio Access Network): Open RAN is gaining momentum as an alternative to typical proprietary RAN solutions. Open RAN is intended to foster interoperability for sellers, limit deployment costs, and expand wireless innovation to gain access to areas of 5G networks.

·Edge computing and multi-access edge computing (MEC): Edge computing has emerged as a necessary enabler for low-latency purposes in 5G. Multi-access edge computing (MEC) has introduced computing sources closer to end users, facilitating faster information processing and enabling a wide variety of innovative applications.

·Network slicing: Network reduction was once a revolutionary concept in 5G, allowing carriers to create several digital networks with superior characteristics customized to their unique use cases. Ta. This improvement has opened up new opportunities to offer custom-made products for various industries and applications.

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