5G core market
DUBLIN, Jan. 26, 2024 (Globe Newswire) — The “5G Core Market – Global Industry Size, Share, Trends, Opportunities and Forecasts, 2018-2028” report has been added. ResearchAndMarkets.com Recruitment.
The global telecommunications landscape is undergoing a revolutionary change. As the industry adopts fifth generation networking (5G), the core market is expected to grow significantly from 2024 to 2028, driven by service-based and cloud-native architecture needs. The global 5G core market is projected to reach $13.75 billion by 2028, registering a CAGR of 35.6%.
Factors behind 5G core market growth
The market expansion is primarily due to the growing need for cloud-native and service-based frameworks. These frameworks not only enable small and medium-sized enterprises (SMEs) to process data efficiently, but also lay the foundation for advanced Internet of Things (IoT) services across various industry sectors. As smart manufacturing and connected supply chains become more prominent, the demand for the efficiency and innovation potential of the 5G core will increase significantly.
Furthermore, the construction of smart infrastructure is a crucial factor in stimulating demand for the 5G core market. With rapid urbanization and an anticipated influx of people into cities by 2050, advances in telecommunications are needed to ensure the successful deployment of smart city projects. 5G technology is essential for a variety of services in urban environments, such as driverless vehicles, telemedicine, and road safety management.
Advances in technology and strengthening of network infrastructure
The expected growth of the global 5G core market is also driven by advances in network infrastructure. The 5G core framework, with new architectural concepts such as multi-access edge computing (MEC), supports the growing need for high-speed connectivity. The integration of IoT applications and breakthroughs in machine-to-machine communication networks are expected to create lucrative opportunities within the 5G core market and drive market expansion in the coming years.
Market segmentation insights
This research publication categorizes the 5G Core market into components, deployment modes, end users, and networking capabilities and provides a detailed analysis of each segment. Detailed segmentation demystifies the complexity within the market and provides a clear roadmap of where opportunities and challenges lie.
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Segmentation by Component: Solutions and Services
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Segmentation by deployment mode: cloud vs. on-premises
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Segmentation by end users: consumers and businesses
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Segmentation by network functions: AMF, SMF, UPF, PCF, NEF, NRF, UDM, AUSF, AF, NSSF, etc.
Regional perspectives and market players
The report also provides a global perspective with regional analysis covering North America, Asia Pacific, Europe, South America and the Middle East. It also provides insights into market-leading players and influence of key contributing companies such as Affirmed Networks, NEC Corporation, Cisco Systems, Samsung Electronics, HP Enterprise Development, Nokia Corporation, Oracle Corporation, Ericsson, Huawei Technologies, ZTE Corporation, etc. I am aware of this.
key attributes
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report attributes |
detail |
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number of pages |
190 |
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Forecast period |
2022-2028 |
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Estimated market value in 2022 (USD) |
$2.25 billion |
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Projected market value to 2028 (USD) |
$13.75 billion |
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compound annual growth rate |
35.6% |
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Target area |
global |
Some of the companies mentioned in this report include:
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Affirmed Networks Co., Ltd.
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NEC
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Cisco Systems Corporation
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Samsung Electronics Co., Ltd.
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Hewlett Packard Enterprise Development LP
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Nokia Corporation
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Oracle Corporation
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Telefonactivo Larget LM Ericsson
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Huawei Technologies Co., Ltd.
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ZTE Corporation
For more information on this report, please visit https://www.researchandmarkets.com/r/j299sm.
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