5G Core Market Growing at a CAGR 72.0% | Key Player Ericsson, Huawei, Nokia, Samsung, ZTE

January 29 01:20 2021
5G Core Market Growing at a CAGR 72.0% | Key Player Ericsson, Huawei, Nokia, Samsung, ZTE

Nokia (Finland), Ericsson (Sweden), Huawei (China), ZTE (China), Samsung (South Korea), Affirmed Networks (US), Mavenir(US), NEC (Japan), Cisco (US), HPE (US), Oracle (US), Athonet (Italy), Casa Systems (US), Cumucore (Finland), Druid Software (Ireland), IPLOOK (China), and Metaswitch (UK).
5G Core Market by Component (Solutions and Services), Network Function (Access and Mobility Management Function, Policy Control Function, Unified Data Management), Deployment Model (Cloud and On-premises), End User, and Region – Global Forecast to 2025

The global 5G Core Market size is projected to grow from USD 630 million in 2020 to USD 9,497 million by 2025, at a Compound Annual Growth Rate (CAGR) of 72.0% during the forecast period. The 5G core market is gaining traction due to its cloud-native and service-based architecture that will improve the modularity of products with greater emphasis on low latency, URLLC, eMBB, and mMTC offerings. The 5G core market is increasing with cellular network technology, increase in demand for broadband services over a mobile network, virtualization of networks, significant growth in mobile data traffic volumes, and a rise in demand for high-speed and large network coverage are driving the growth of the 5G core market.

Services segment to grow at the highest CAGR during the forecast period

Services play a vital role in the deployment and integration of next-generation networking solutions in an enterprise’s business environment. Services are considered an important component of the 5G core market, as they majorly focus on improving the business processes and optimizing the enterprise’s network. Services are considered as the backbone of the 5G core, as they are instrumental in fulfilling the clients’ requirements, such as network testing, planning and optimization, support and maintenance, and consulting.

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Cloud mode of deployment is expected to grow at the highest CAGR during the forecast period

Cloud mode of deployment is expected to exhibit a higher CAGR during the forecast period.5G core is a cloud-native next-generation virtualized core network architecture. With cloud-based technologies, end users can better leverage the business to the cloud or migrate it to the cloud platform for efficient and continuous service capabilities. The deployment of various cloud-based and 5G on-demand slicing solutions using cloud-native thinking and models is bound to accelerate the digital transformation of the entire communications industry.

Key and innovative vendors in the 5G core market include Nokia (Finland), Ericsson (Sweden), Huawei (China),ZTE (China), Samsung (South Korea), Affirmed Networks(US), Mavenir(US), NEC(Japan), Cisco(US), HPE(US), Oracle(US), Athonet(Italy), Casa Systems(US), Cumucore(Finland), Druid Software(Ireland), IPLOOK (China), and Metaswitch(UK)

Ericsson offers a dual mode 5G core solution that includes Evolved Packet Core (EPC) and 5G core network functions powered by cloud-native architectures. The dual mode 5G core solution supports all the telecom generations, including 2G, 3G, 4G, and 5G NR SA and NSA networks. Dual mode 5G core contains an in-build software probe for network security and service exposure capabilities that would help service providers to unleash new revenue opportunities across industries. The dual mode 5G core solution comprises cloud packet core, cloud unified data management, and policy and signaling controller NFs. All these NFs are designed using cloud-native/microservice architectures.

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Samsung offers E2E 5G core NFs such as AMF, SMF, UPF, NRF, and NSSF. Samsung’s cloud-native 5G core is built on a cloud-native architecture and offers microservices, stateless, and containerized 5G core NFs to service providers and enterprises. Cloud-native 5G core solutions help telecom operators to quickly launch new services and reduce operating costs. Samsung’s 5G core supports both 5G SA and NSA architectures by facilitating smooth migration to the 5G SA network. The fully integrated 5G core enables telecom operators to deliver quality services to consumers and enterprises with the help of the simplification of data packet flows. Samsung offers flexibility to telecom operators and enterprises to either select 5G SA or NSA architectures to develop and scale their 5G networks.

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