5G Core Network Market Size, Trends and Insights By Components (Solutions, Services), By Network Function (AMF, SMF, UPF, PCF, NEF, NRF, UDM, AUSF, AF, NSSF), By End User (Telecom Operators, Enterprises), By Deployment Model (Cloud, On-Premises), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Nokia Corporation
- Telefonaktiebolaget LM Ericsson
- Huawei Technologies Co. Ltd.
- Cisco Systems Inc.
- Samsung Electronics Co. Ltd.
- Others
Reports Description
As per the current market research conducted by the CMI Team, the global 5G Core Network Market is expected to record a CAGR of 42% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 2.41 Billion. By 2032, the valuation is anticipated to reach USD 20.60 Billion.
The 5G core infrastructure represents a pivotal advancement that embraces the innovative 3GPP network architecture, optimizing the full potential of 5G standalone technology. This evolution leads to a multitude of benefits, including accelerated connection speeds, remarkably low latency, elevated data transmission rates, and enhanced network reliability.
In conjunction with cutting-edge technologies such as network automation, network slicing, and edge computing, this transformative architecture caters to a wide spectrum of industries and application scenarios. These encompass areas like augmented mobile broadband (eMBB), ultra-reliable low-latency communications (URLLC), and large-scale communications.
A fundamental aspect of the 5G core is its role in fostering an innovation ecosystem, particularly in facilitating Machine Type Communication (MTC) and Time Critical Communication (TCC). These innovations hold the potential to revolutionize numerous sectors and applications.
It is crucial to acknowledge that while these new 5G networks are set to coexist with their 4G counterparts for an extended period, they necessitate ongoing enhancements and optimizations to fully harness the myriad opportunities they bring forth.
Furthermore, the collaboration between the two companies extends to global service providers, with the aim of augmenting their cloud-native networks. This augmentation involves geographical expansion, capacity enhancement, and the incorporation of new cloud-native network functions (NFs), including the integration of subscription data management into an already active cloud-native packet core network.
As the domain of cloud-native networks continues to flourish, there arises an escalating demand for automation and orchestration capabilities. This demand, in turn, prompts a comprehensive reassessment of operational frameworks and methodologies.
Additionally, this phase encompasses the modernization of specific network domains, exemplified by the transition to bare-metal cloud infrastructure and the introduction of VoNR (Voice over New Radio) services.
5G Core Network Market – Significant Growth Factors
The primary impetus behind the market’s growth trajectory is the widespread adoption of 5G services, which stands poised to fuel this expansion significantly. At the heart of this surge lies the pivotal role played by the 5G core—a linchpin component within 5G networks.
The 5G core is set to offer a robust and secure conduit for connecting end-user networks while granting them unfettered access to a gamut of services. A distinguishing feature of 5G core network components is their complete reliance on software-driven architecture, meticulously crafted for seamless operation within cloud-based environments.
Moreover, the core network assumes a pivotal role in the orchestration of traffic management and the safekeeping of invaluable customer data. In a concerted effort to mitigate the total cost of ownership (TCO) and guarantee latency-free connectivity, leading network providers are steering towards the deployment of 5G core networks in cloud-based configurations—a transformative move poised to redefine the landscape of network operations.
The proliferation of connected devices and the exponential surge in data traffic have precipitated a pressing demand for swifter and more dependable connectivity solutions. In this context, 5G networks emerge as a harbinger of accelerated connection speeds, diminished latency, and augmented bandwidth, thus stoking the ever-increasing appetite for 5G cores.
Furthermore, the advent of 5G technology ushers in a new era characterized by novel applications and use cases hitherto deemed unattainable with earlier generations of cellular networks. This transformative potential has spurred countries worldwide to embrace cutting-edge technology in their communication infrastructure, spurred by the escalating volumes of data traversing mobile networks.
The propulsion of the 5G core market finds its impetus in the widespread assimilation of emerging technologies and the swift evolution of machine-to-machine communication networks. The ongoing digitization and globalization trends have spurred a digital transformation across diverse industries.
To underpin this transformation comprehensively, the migration to 5G networks has become imperative across all sectors, facilitating the implementation of network slicing—a pivotal feature of 5G technology.
Nevertheless, the ubiquitous deployment of 5G across various domains necessitates substantial financial outlays and investments. This transition to 5G core networks also ushers in an array of cyber and security concerns, casting a shadow of constraint over enterprises and service providers operating in the market.
5G Core Network Market – Mergers and Acquisitions
Nokia’s Acquisition of Alcatel-Lucent (2016):
- Details: Nokia Corporation acquired Alcatel-Lucent in a strategic move to bolster its position in the telecommunications equipment sector, including 5G core network solutions.
- Impact: This merger brought together complementary strengths, enhancing Nokia’s capabilities in delivering end-to-end 5G infrastructure solutions.
Ericsson’s Acquisition of Cradlepoint (2020):
- Details: Ericsson expanded its portfolio by acquiring Cradlepoint, a provider of wireless edge WAN solutions.
- Impact: This acquisition bolstered Ericsson’s offerings in the 5G core network domain, particularly in the context of edge computing and enterprise connectivity.
Cisco’s Acquisition of Acacia Communications (2021):
- Details: Cisco Systems acquired Acacia Communications, a company specializing in optical networking technology.
- Impact: This acquisition strengthened Cisco’s capabilities in optical networking, a critical component of 5G core networks.
Samsung’s Acquisition of TeleWorld Solutions (2020):
- Details: Samsung Electronics acquired TeleWorld Solutions, a provider of network services.
- Impact: This acquisition aimed to fortify Samsung’s end-to-end 5G solutions, including the 5G core network segment, by integrating network services expertise.
Affirmed Networks by Microsoft (2020):
- Details: Microsoft Corporation acquired Affirmed Networks, a provider of virtualized mobile networks.
- Impact: This acquisition aligned with Microsoft’s Azure cloud platform strategy, enhancing its ability to deliver 5G core network solutions.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
| 5G Core Network Market | Private 5G Network Market | 5G Fixed Wireless Access Market |
| CAGR 42% (Approx) | CAGR 49.7% (Approx) | CAGR 102.7% (Approx) |
| USD 20.60 Billion by 2032 | USD 41.80 Billion by 2030 | USD 23108.05 Million by 2032 |
5G Core Network Market – Significant Threats
Security Concerns:
- Description: The expansion of 5G networks exposes them to a wider attack surface, making them more susceptible to cyber threats and vulnerabilities.
- Impact: Security breaches and data compromises can erode trust in 5G networks and deter adoption.
Privacy Issues:
- Description: The proliferation of data on 5G networks raises concerns about data privacy and the potential misuse of personal information.
- Impact: Regulatory actions and public backlash can hinder the growth of 5G networks if privacy concerns are not adequately addressed.
Regulatory Challenges:
- Description: Evolving and divergent regulations across countries can create complexities and barriers for global 5G deployments.
- Impact: Compliance with varying regulatory frameworks can increase costs and delay network rollouts.
Network Interference:
- Description: The allocation of spectrum bands for 5G can lead to interference issues with existing services, including satellite communications.
- Impact: Spectrum conflicts may disrupt network performance and require resolution through regulatory channels.
Infrastructure Costs:
- Description: Building and upgrading the necessary infrastructure for 5G networks, including small cells and fiber optics, represents a substantial financial investment.
- Impact: High infrastructure costs can deter network expansion and delay the realization of 5G’s full potential.
Competition and Market Saturation:
- Description: Intense competition among network providers can lead to price wars and reduced profit margins.
- Impact: Oversaturation of the market with similar offerings may limit profitability and hinder innovation.
Health Concerns:
- Description: Some segments of the population express concerns about the potential health effects of 5G radiation.
- Impact: Public apprehension and regulatory scrutiny related to health issues can affect the deployment and acceptance of 5G technology.
Supply Chain Disruptions:
- Description: Disruptions in the global supply chain, as witnessed during the COVID-19 pandemic, can delay equipment deployment and network upgrades.
- Impact: Supply chain disruptions can lead to project delays and increased costs.
Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 4.22 Billion |
| Projected Market Size in 2032 | USD 20.60 Billion |
| Market Size in 2022 | USD 2.41 Billion |
| CAGR Growth Rate | 42% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Components, Network Function, End User, Deployment Model and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Category-Wise Insights
By Components:
Within the market, segmentation based on components distinguishes between Solutions and Services. The Services segment claims a significant market share, primarily attributable to the prevalence of managed services encompassing deployment, integration, installation, support, and maintenance.
The burgeoning adoption of both 5G non-standalone and standalone cores is expected to fuel global demand for managed services, further enhancing its prominence on a worldwide scale.
By Network Functions:
Within the market, the segmentation based on network function delineates several key components, including AMF, SMF, UPF, PCF, NEF, NRF, UDM, AUSF, AF, and NSSF. Notably, the UPF segment commands a substantial market share, primarily attributed to the escalating utilization of data-intensive applications and services such as video streaming, cloud computing, and virtual reality.
The UPF plays a pivotal role in facilitating the transmission and reception of user data packets between user equipment (UE) and application servers. Its indispensability lies in its ability to ensure the delivery of high-quality data services to end users, solidifying its prominence within the market landscape.
5G Core Network Market – Regional Analysis
Asia Pacific:
In the year 2022, Asia Pacific emerged as the dominant force in the 5G core industry, capturing a substantial revenue share exceeding 39.0%. This regional supremacy owes itself to the escalating demand for high-speed connectivity, spanning a diverse spectrum of industries including healthcare, manufacturing, automotive, and entertainment.
The market in this region is poised to experience a notable surge in investments and collaborative ventures, with both government entities and private sector players joining forces to expedite the deployment of 5G infrastructure.
For instance, as of March 2022, the Chinese government unveiled ambitious plans to deploy over 600,000 5G base stations by the year’s end. Furthermore, governments in countries such as China, Japan, and South Korea are actively engaged in releasing multiple mmWave and sub-6GHz frequencies.
This strategic move aims to cater to the escalating demand for high-speed data connectivity among the burgeoning subscriber bases. Consequently, the Asia Pacific market is slated for robust growth throughout the forecast period, buoyed by these developments and an unwavering commitment to 5G advancement.
North America:
North America is poised to record substantial growth in the forthcoming years. This growth is underpinned by several factors, including the prominent presence of key industry players in the region, such as AT&T Inc., Verizon Communications, Inc., T-Mobile USA, Inc., and others.
These industry leaders are driving the adoption of cutting-edge technologies, encompassing high-speed connectivity, virtualization, and cloud computing, with a view to delivering innovative and efficient services catering to both businesses and consumers.
Furthermore, the market in North America is expected to benefit from the increasing support extended by government initiatives aimed at fostering the development of 5G technology. These initiatives play a pivotal role in bolstering market growth and facilitating the realization of the full potential of 5G networks in the region.
List of the prominent players in the 5G Core Network Market:
- Nokia Corporation
- Telefonaktiebolaget LM Ericsson
- Huawei Technologies Co. Ltd.
- Cisco Systems Inc.
- Samsung Electronics Co. Ltd.
- Hewlett Packard Enterprise Company
- Athonet
- Mavenir
- Casa Systems Inc.
- Oracle Corporation
- Others
The 5G Core Network Market is segmented as follows:
By Components
- Solutions
- Services
By Network Function
- AMF
- SMF
- UPF
- PCF
- NEF
- NRF
- UDM
- AUSF
- AF
- NSSF
By End User
- Telecom Operators
- Enterprises
By Deployment Model
- Cloud
- On-Premises
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global 5G Core Network Market, (2024 – 2033) (USD Billion)
- 2.2 Global 5G Core Network Market : snapshot
- Chapter 3. Global 5G Core Network Market – Industry Analysis
- 3.1 5G Core Network Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Rapid Technological Advancements
- 3.2.2 Increasing Demand for High-Speed Connectivity
- 3.2.3 IoT Proliferation
- 3.2.4 Network Slicing
- 3.2.5 Security Concerns
- 3.2.6 Regulatory Environment
- 3.2.7 Competition.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Components
- 3.7.2 Market attractiveness analysis By Network Function
- 3.7.3 Market attractiveness analysis By End User
- 3.7.4 Market attractiveness analysis By Deployment Model
- Chapter 4. Global 5G Core Network Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global 5G Core Network Market: company market share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global 5G Core Network Market – Components Analysis
- 5.1 Global 5G Core Network Market overview: By Components
- 5.1.1 Global 5G Core Network Market share, By Components, 2022 and – 2033
- 5.2 Solutions
- 5.2.1 Global 5G Core Network Market by Solutions, 2024 – 2033 (USD Billion)
- 5.3 Services
- 5.3.1 Global 5G Core Network Market by Services, 2024 – 2033 (USD Billion)
- 5.1 Global 5G Core Network Market overview: By Components
- Chapter 6. Global 5G Core Network Market – Network Function Analysis
- 6.1 Global 5G Core Network Market overview: By Network Function
- 6.1.1 Global 5G Core Network Market share, By Network Function, 2022 and – 2033
- 6.2 AMF
- 6.2.1 Global 5G Core Network Market by AMF, 2024 – 2033 (USD Billion)
- 6.3 SMF
- 6.3.1 Global 5G Core Network Market by SMF, 2024 – 2033 (USD Billion)
- 6.4 UPF
- 6.4.1 Global 5G Core Network Market by UPF, 2024 – 2033 (USD Billion)
- 6.5 PCF
- 6.5.1 Global 5G Core Network Market by PCF, 2024 – 2033 (USD Billion)
- 6.6 NEF
- 6.6.1 Global 5G Core Network Market by NEF, 2024 – 2033 (USD Billion)
- 6.7 NRF
- 6.7.1 Global 5G Core Network Market by NRF, 2024 – 2033 (USD Billion)
- 6.8 UDM
- 6.8.1 Global 5G Core Network Market by UDM, 2024 – 2033 (USD Billion)
- 6.9 AUSF
- 6.9.1 Global 5G Core Network Market by AUSF, 2024 – 2033 (USD Billion)
- 6.10 AF
- 6.10.1 Global 5G Core Network Market by AF, 2024 – 2033 (USD Billion)
- 6.11 NSSF
- 6.11.1 Global 5G Core Network Market by NSSF, 2024 – 2033 (USD Billion)
- 6.1 Global 5G Core Network Market overview: By Network Function
- Chapter 7. Global 5G Core Network Market – End User Analysis
- 7.1 Global 5G Core Network Market overview: By End User
- 7.1.1 Global 5G Core Network Market share, By End User, 2022 and – 2033
- 7.2 Telecom Operators
- 7.2.1 Global 5G Core Network Market by Telecom Operators, 2024 – 2033 (USD Billion)
- 7.3 Enterprises
- 7.3.1 Global 5G Core Network Market by Enterprises, 2024 – 2033 (USD Billion)
- 7.1 Global 5G Core Network Market overview: By End User
- Chapter 8. Global 5G Core Network Market – Deployment Model Analysis
- 8.1 Global 5G Core Network Market overview: By Deployment Model
- 8.1.1 Global 5G Core Network Market share, By Deployment Model, 2022 and – 2033
- 8.2 Cloud
- 8.2.1 Global 5G Core Network Market by Cloud, 2024 – 2033 (USD Billion)
- 8.3 On-Premises
- 8.3.1 Global 5G Core Network Market by On-Premises, 2024 – 2033 (USD Billion)
- 8.1 Global 5G Core Network Market overview: By Deployment Model
- Chapter 9. 5G Core Network Market – Regional Analysis
- 9.1 Global 5G Core Network Market Regional Overview
- 9.2 Global 5G Core Network Market Share, by Region, 2022 & – 2033 (USD Billion)
- 9.3. North America
- 9.3.1 North America 5G Core Network Market, 2024 – 2033 (USD Billion)
- 9.3.1.1 North America 5G Core Network Market, by Country, 2024 – 2033 (USD Billion)
- 9.3.1 North America 5G Core Network Market, 2024 – 2033 (USD Billion)
- 9.4 North America 5G Core Network Market, by Components, 2024 – 2033
- 9.4.1 North America 5G Core Network Market, by Components, 2024 – 2033 (USD Billion)
- 9.5 North America 5G Core Network Market, by Network Function, 2024 – 2033
- 9.5.1 North America 5G Core Network Market, by Network Function, 2024 – 2033 (USD Billion)
- 9.6 North America 5G Core Network Market, by End User, 2024 – 2033
- 9.6.1 North America 5G Core Network Market, by End User, 2024 – 2033 (USD Billion)
- 9.7 North America 5G Core Network Market, by Deployment Model, 2024 – 2033
- 9.7.1 North America 5G Core Network Market, by Deployment Model, 2024 – 2033 (USD Billion)
- 9.8. Europe
- 9.8.1 Europe 5G Core Network Market, 2024 – 2033 (USD Billion)
- 9.8.1.1 Europe 5G Core Network Market, by Country, 2024 – 2033 (USD Billion)
- 9.8.1 Europe 5G Core Network Market, 2024 – 2033 (USD Billion)
- 9.9 Europe 5G Core Network Market, by Components, 2024 – 2033
- 9.9.1 Europe 5G Core Network Market, by Components, 2024 – 2033 (USD Billion)
- 9.10 Europe 5G Core Network Market, by Network Function, 2024 – 2033
- 9.10.1 Europe 5G Core Network Market, by Network Function, 2024 – 2033 (USD Billion)
- 9.11 Europe 5G Core Network Market, by End User, 2024 – 2033
- 9.11.1 Europe 5G Core Network Market, by End User, 2024 – 2033 (USD Billion)
- 9.12 Europe 5G Core Network Market, by Deployment Model, 2024 – 2033
- 9.12.1 Europe 5G Core Network Market, by Deployment Model, 2024 – 2033 (USD Billion)
- 9.13. Asia Pacific
- 9.13.1 Asia Pacific 5G Core Network Market, 2024 – 2033 (USD Billion)
- 9.13.1.1 Asia Pacific 5G Core Network Market, by Country, 2024 – 2033 (USD Billion)
- 9.13.1 Asia Pacific 5G Core Network Market, 2024 – 2033 (USD Billion)
- 9.14 Asia Pacific 5G Core Network Market, by Components, 2024 – 2033
- 9.14.1 Asia Pacific 5G Core Network Market, by Components, 2024 – 2033 (USD Billion)
- 9.15 Asia Pacific 5G Core Network Market, by Network Function, 2024 – 2033
- 9.15.1 Asia Pacific 5G Core Network Market, by Network Function, 2024 – 2033 (USD Billion)
- 9.16 Asia Pacific 5G Core Network Market, by End User, 2024 – 2033
- 9.16.1 Asia Pacific 5G Core Network Market, by End User, 2024 – 2033 (USD Billion)
- 9.17 Asia Pacific 5G Core Network Market, by Deployment Model, 2024 – 2033
- 9.17.1 Asia Pacific 5G Core Network Market, by Deployment Model, 2024 – 2033 (USD Billion)
- 9.18. Latin America
- 9.18.1 Latin America 5G Core Network Market, 2024 – 2033 (USD Billion)
- 9.18.1.1 Latin America 5G Core Network Market, by Country, 2024 – 2033 (USD Billion)
- 9.18.1 Latin America 5G Core Network Market, 2024 – 2033 (USD Billion)
- 9.19 Latin America 5G Core Network Market, by Components, 2024 – 2033
- 9.19.1 Latin America 5G Core Network Market, by Components, 2024 – 2033 (USD Billion)
- 9.20 Latin America 5G Core Network Market, by Network Function, 2024 – 2033
- 9.20.1 Latin America 5G Core Network Market, by Network Function, 2024 – 2033 (USD Billion)
- 9.21 Latin America 5G Core Network Market, by End User, 2024 – 2033
- 9.21.1 Latin America 5G Core Network Market, by End User, 2024 – 2033 (USD Billion)
- 9.22 Latin America 5G Core Network Market, by Deployment Model, 2024 – 2033
- 9.22.1 Latin America 5G Core Network Market, by Deployment Model, 2024 – 2033 (USD Billion)
- 9.23. The Middle-East and Africa
- 9.23.1 The Middle-East and Africa 5G Core Network Market, 2024 – 2033 (USD Billion)
- 9.23.1.1 The Middle-East and Africa 5G Core Network Market, by Country, 2024 – 2033 (USD Billion)
- 9.23.1 The Middle-East and Africa 5G Core Network Market, 2024 – 2033 (USD Billion)
- 9.24 The Middle-East and Africa 5G Core Network Market, by Components, 2024 – 2033
- 9.24.1 The Middle-East and Africa 5G Core Network Market, by Components, 2024 – 2033 (USD Billion)
- 9.25 The Middle-East and Africa 5G Core Network Market, by Network Function, 2024 – 2033
- 9.25.1 The Middle-East and Africa 5G Core Network Market, by Network Function, 2024 – 2033 (USD Billion)
- 9.26 The Middle-East and Africa 5G Core Network Market, by End User, 2024 – 2033
- 9.26.1 The Middle-East and Africa 5G Core Network Market, by End User, 2024 – 2033 (USD Billion)
- 9.27 The Middle-East and Africa 5G Core Network Market, by Deployment Model, 2024 – 2033
- 9.27.1 The Middle-East and Africa 5G Core Network Market, by Deployment Model, 2024 – 2033 (USD Billion)
- Chapter 10. Company Profiles
- 10.1 Nokia Corporation
- 10.1.1 Overview
- 10.1.2 Financials
- 10.1.3 Product Portfolio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
- 10.2 Telefonaktiebolaget LM Ericsson
- 10.2.1 Overview
- 10.2.2 Financials
- 10.2.3 Product Portfolio
- 10.2.4 Business Strategy
- 10.2.5 Recent Developments
- 10.3 Huawei Technologies Co. Ltd.
- 10.3.1 Overview
- 10.3.2 Financials
- 10.3.3 Product Portfolio
- 10.3.4 Business Strategy
- 10.3.5 Recent Developments
- 10.4 Cisco Systems Inc.
- 10.4.1 Overview
- 10.4.2 Financials
- 10.4.3 Product Portfolio
- 10.4.4 Business Strategy
- 10.4.5 Recent Developments
- 10.5 Samsung Electronics Co. Ltd.
- 10.5.1 Overview
- 10.5.2 Financials
- 10.5.3 Product Portfolio
- 10.5.4 Business Strategy
- 10.5.5 Recent Developments
- 10.6 Hewlett Packard Enterprise Company
- 10.6.1 Overview
- 10.6.2 Financials
- 10.6.3 Product Portfolio
- 10.6.4 Business Strategy
- 10.6.5 Recent Developments
- 10.7 Athonet
- 10.7.1 Overview
- 10.7.2 Financials
- 10.7.3 Product Portfolio
- 10.7.4 Business Strategy
- 10.7.5 Recent Developments
- 10.8 Mavenir
- 10.8.1 Overview
- 10.8.2 Financials
- 10.8.3 Product Portfolio
- 10.8.4 Business Strategy
- 10.8.5 Recent Developments
- 10.9 Casa Systems Inc.
- 10.9.1 Overview
- 10.9.2 Financials
- 10.9.3 Product Portfolio
- 10.9.4 Business Strategy
- 10.9.5 Recent Developments
- 10.10 Oracle Corporation
- 10.10.1 Overview
- 10.10.2 Financials
- 10.10.3 Product Portfolio
- 10.10.4 Business Strategy
- 10.10.5 Recent Developments
- 10.11 Others.
- 10.11.1 Overview
- 10.11.2 Financials
- 10.11.3 Product Portfolio
- 10.11.4 Business Strategy
- 10.11.5 Recent Developments
- 10.1 Nokia Corporation
List Of Figures
Figures No 1 to 34
List Of Tables
Tables No 1 to 102
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
|
|
| Demand-side |
|
|
Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|
|
FAQs
The key factors driving the Market are Rapid Technological Advancements, Increasing Demand for High-Speed Connectivity, IoT Proliferation, Network Slicing, Security Concerns, Regulatory Environment And Competition.
The “Network Function” category dominated the market in 2022.
The key players in the market are Nokia Corporation, Telefonaktiebolaget LM Ericsson, Huawei Technologies Co. Ltd., Cisco Systems Inc., Samsung Electronics Co. Ltd., Hewlett Packard Enterprise Company, Athonet, Mavenir, Casa Systems Inc., Oracle Corporation, Others.
“Asia Pacific” had the largest share in the 5G Core Network Market.
The global market is projected to grow at a CAGR of 42% during the forecast period, 2023-2032.
The 5G Core Network Market size was valued at USD 2.41 Billion in 2022.