Market Overview
The 5G core market is the central component of 5G networks, providing the essential functions for connecting devices, managing traffic, and delivering services. It is a complex system that includes a variety of network functions, such as session management, mobility management, and policy management.
The global 5G core market is expected to grow rapidly in the coming years, driven by the increasing deployment of 5G networks around the world. The market is expected to reach USD 4.7 billion by 2030, growing at a compound annual growth rate (CAGR) of 13.60% from 2022 to 2030.
The growth of the 5G core market is being fueled by a number of factors, including:
The increasing demand for high-speed, low-latency connectivity from consumers and businesses
The growing adoption of 5G-enabled devices and applications
The expansion of 5G networks into new markets, such as rural and underserved areas
The growing investment in 5G networks by governments and telecom operators
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Key Companies
The 5G core market is dominated by a few major players, such as:
Ericsson
Nokia
Huawei
Samsung
Cisco
Hewlett Packard Enterprise (HPE)
These companies offer a wide range of 5G core products and solutions, and they are working with telecom operators around the world to deploy 5G networks.
Market Segmentation
The 5G core market can be segmented by:
Component: Software, hardware, and services
Deployment: On-premises, cloud-based, and hybrid
Network function: Session management, mobility management, policy management, and others
End user: Telecom operators and enterprises
Regional Insights
North America and Asia Pacific are the two largest 5G core markets in the world. North America is home to some of the leading telecom operators in the world, such as AT&T, Verizon, and T-Mobile. These operators are investing heavily in 5G networks, and they are driving the growth of the 5G core market in the region.
Asia Pacific is also a major 5G core market, and it is expected to grow at the fastest rate in the coming years. This is due to the increasing demand for high-speed connectivity from consumers and businesses in the region.
Industry Latest News
Here are some of the latest news stories from the 5G core market:
Ericsson partners with AT&T to deploy 5G standalone core network: Ericsson has announced a partnership with AT&T to deploy a 5G standalone core network in the United States. This will be one of the first 5G standalone core networks in the world, and it will enable AT&T to deliver new and innovative 5G services to its customers.
Nokia launches new 5G core software solution: Nokia has launched a new 5G core software solution that is designed to help telecom operators deploy and manage 5G networks more efficiently. The solution is cloud-native and it supports a variety of 5G network architectures.
Huawei unveils new 5G core product line: Huawei has unveiled a new 5G core product line that is designed to meet the needs of telecom operators of all sizes. The product line includes a variety of hardware and software products, and it is supported by a comprehensive suite of services.
Samsung launches new 5G core chip: Samsung has launched a new 5G core chip that is designed to improve the performance and efficiency of 5G networks. The chip is based on Samsung's Exynos processor architecture, and it is one of the most advanced 5G core chips on the market.
Cisco partners with HPE to offer 5G core solutions: Cisco has partnered with HPE to offer a portfolio of 5G core solutions. The solutions are designed to help telecom operators deploy and manage 5G networks more efficiently and cost-effectively.
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