5G Core Network Market Size, Share, Growth, and Industry Analysis, By Type (data layer network function, user plane network functions and control plane network functions), By Application (AMF (access and mobility management function), UDM (unified data management) and SMF (session management function)) and Regional Forecast to 2032

Updated On: 16 September 2024

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5G CORE NETWORK MARKET REPORT OVERVIEW

The global 5G Core Network Market size was USD 1.286 billion in 2023 and the market is projected to touch USD 2.32 billion by 2032, exhibiting a CAGR of 6.0% during the forecast period.

5G Core (5GC) is the most important element of a 5G cell community and is accountable for essential functionalities together with connectivity administration, mobility administration, authentication, subscriber administration, and guidelines. As software only and intended to be run on the cloud, the 5GC enables quicker and additional flexible implementations in numerous kinds of cloud infrastructures. The architecture is nearly all based completely on a service-based architecture (SBA), and is fully aligned with the ideas of the IT community, whilst being cloud-native for scalability and efficiency. Every NF in the 5GC provides services to other NFs with APIs so that there can be fluid and adaptive interactions inside the network.

COVID-19 Impact: Market Growth Boosted by Pandemic due to Multiplied Call for Remote Work and Digital Connectivity

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic boosted 5G core network market growth because of multiplied call for remote work and digital connectivity. Lockdowns and social distancing highlighted the want for strong network infrastructures, driving investments in 5G middle networks. However, deliver chain disruptions and economic uncertainties temporarily impacted deployment schedules and generation rollout. While the pandemic to start with slowed a few projects, it ultimately underscored the vital role of superior networks, leading to a surge in 5G investments and a faster shift towards more advantageous connectivity answers as organizations and purchasers sought greater dependable and high-velocity community offerings.

LATEST TRENDS

"Adoption of Network Reducing and Combination of Aspect Computing is Gaining Traction"

The 5G core network market is evolving rapidly with numerous key traits shaping its destiny. Firstly, the adoption of network reducing is gaining traction, permitting operators to create virtual networks tailor-made to specific needs. Secondly, the combination of aspect computing is improving low-latency packages by way of processing facts closer to the source. Additionally, there is a developing awareness on community automation and orchestration via AI and gadget mastering to optimize overall performance and decrease operational prices. These traits are driving innovation and performance in the 5G core network landscape.

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5G CORE NETWORK MARKET SEGMENTATION

By Type

Based on type the market can be categorized into data layer network function, user plane network functions and control plane network functions.

• Data Layer Network Function: In the 5G core network, the information layer network function refers to components answerable for managing and storing subscriber statistics and network records.
• User Plane Network Functions: User plane network functions (UPFs) in 5G Core are responsible for routing and forwarding consumer records packets between the cease gadgets and the records community.
• Control Plane Network Functions: Control Plane Network Functions (CPFs) manipulate the signaling and manage messages required for setting up, preserving, and terminating consumer periods within the 5G network.

By Application

Based on application the market can be categorized into AMF (access and mobility management function), UDM (unified data management) and SMF (session management function).

• AMF (Access and Mobility Management Function): In the 5G core network, AMF handles person authentication, registration, and connection control, ensuring seamless mobility as customers flow among specific community cells.
• UDM (Unified Data Management): UDM is a vital factor in 5G core network, centralizing person information control via storing and coping with subscriber information, such as authentication credentials and subscription data.
• SMF (Session Management Function): SMF is responsible for session control in the 5G core network, together with the established order, amendment, and termination of user classes.

DRIVING FACTORS

"Rise of Part Computing to Significantly Boost the Market Demand"

The rise of part computing is significantly boosting the demand for 5G core networks. By bringing computation and records storage towards the records supply, edge computing leverages 5G's low latency and high reliability to permit real-time statistics processing. This is critical for programs that require immediately comments, together with self-reliant cars and business automation. The synergy between 5G and aspect computing enhances overall performance and efficiency, assisting complex, records-extensive obligations and driving the adoption of superior technology across diverse industries. This integration underscores the crucial position of 5G in advancing aspect computing competencies.

"Adoption of Cloud-Native Structure to Drive the Market Growth"

5G middle networks are an increasing number of embracing cloud-native structure to enhance scalability, flexibility, and performance. This transition is driven via the want for greater agile and fee-powerful community operations, bearing in mind speedy deployment of latest offerings. Cloud-native designs, characterized with the aid of microservices, containerization, and automatic orchestration, enable operators to scale sources dynamically and manage network capabilities greater efficiently. This structure supports quicker innovation, improved resource utilization, and decreased operational costs, aligning with the developing demand for adaptable and resilient network infrastructures. Consequently, cloud-native 5G center networks have become important for assembly the evolving needs of cutting-edge digital ecosystems.

RESTRAINING FACTOR

"Complexity in Transitioning from 4G to 5G Necessitates to Impede the Market Growth"

The transition from 4G to 5G involves elaborate integration tactics which could postpone the deployment of 5G core networks. Upgrading existing infrastructure is a significant assignment, requiring substantial changes to deal with 5G’s superior abilities. Ensuring interoperability between new 5G components and legacy 4G systems provides another layer of complexity. Network operators ought to combine diverse technologies, improve hardware, and adapt software to assist 5G functionalities, which may be each time-ingesting and steeply-priced. Additionally, coordinating those upgrades throughout one-of-a-kind network additives and providers can lead to further delays. This complexity in transitioning from 4G to 5G necessitates careful making plans and execution to ensure an easy and well timed deployment of 5G center networks.

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5G CORE NETWORK MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"Asia Pacific to Dominate the Market due to Fast Advancements in Networking Technology "

Asia-Pacific dominates the global 5G core network market share. This growth is pushed with the aid of fast advancements in networking technology and the rising call for cloud-native and carrier-based totally architectures. The place's market expansion is in addition reinforced with the aid of ongoing innovations from key enterprise gamers such as Nokia, Ericsson, Huawei, NEC, ZTE, and Samsung. These corporations are making an investment heavily in growing 5G center answers, catering to the growing call for high-velocity connectivity and digital transformation throughout industries, positioning Asia-Pacific as a vital hub for 5G center technology development and adoption.

KEY INDUSTRY PLAYERS

"Key Players are Pivotal in Advancing 5G Core Community Generation Driving Innovation and Assisting International 5G Rollouts"

The 5G core network market functions key industry players including Ericsson, regarded for its complete 5G answers and international community infrastructure knowledge. Nokia, which offers end-to-give up 5G middle networks with strong integration competencies. Huawei, a chief participant in 5G era with a huge variety of core community system. Cisco, offering advanced community solutions and software program for 5G networks and Intel, which elements important hardware components and era for 5G middle infrastructure. These organizations are pivotal in advancing 5G core community generation, driving innovation, and assisting international 5G rollouts.

List of Market Players Profiled

• Qualcomm (U.S.)
• Intel (U.S.)
• Skyworks Solutions (U.S.)
• Ericsson (Sweden)
• Samsung Electronics (South Korea)
• MediaTek (Taiwan)
• Cisco Systems (U.S.)
• Huawei Technologies (China)
• LG Electronics (South Korea)
• NTT DoCoMo (Japan)
• Nokia (Finland)

INDUSTRIAL DEVELOPMENT

November,2022: Samsung Electronics announced it's going to deliver NTT DOCOMO with quite a few 5G radios to aid the growth of its Open Radio Access Network (Open RAN). These radios are designed to be like minded with Open RAN architecture and will cowl all of DOCOMO’s Time Division Duplex (TDD) spectrum bands. This collaboration pursuits to decorate DOCOMO’s 5G network capabilities by using imparting flexible and interoperable answers that align with the Open RAN framework. Samsung’s contribution is predicted to facilitate DOCOMO’s network enlargement and improve the overall performance and performance of its 5G offerings.

REPORT COVERAGE

In this file, readers will discover quantitative data and qualitative research which are merged to offer an intensive perception of the worldwide 5G core community market. It intends to help agencies develop effective boom strategies by providing selected measures of market trends, competition, and key opportunities. The file assesses the current day competitive landscape helping the supporting agencies, understand their role in the market and measure their competitive capabilities. Furthermore, it offers a coverage on emerging tendencies, growth of technologies, and the market within the sectors regional which helps organization to formulate financial, business, and advertising decisions for their future tasks within the 5G core network area. The concise approach of this report is set to provide the necessary knowledge to stakeholders capable of exploiting the numerous prospects of the emerging 5G environment.