The "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" report has been added to ResearchAndMarkets.com's offering.
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 the evolution of cellular network technology, which has offered higher data speeds and lower latency. 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 managed services segment is expected to grow at the highest CAGR during the forecast period
Managed services in the 5G core market outsource a complete network or a part of it on a proactive management basis to improve the network operations and reduce the organizational expenses. These services outsource solutions related to network security, and storage, desktop, server, hosting, applications, and mobile device management. As the 5G core market is in its initial phase, most vendors are not capable of providing a standalone solution and its associate services to the customers. This enforces them to manage a few of the services from vendors who are experts in providing those to deliver the required services to the customers.
Enterprises segment to grow at the highest CAGR during the forecast period
Enterprises are undergoing digital transformation across different industries. Businesses are in various stages of implementing new technologies to develop new solutions, improve service delivery, increase operational efficiency, reduce cost, gain competitive advantage, and meet rising customer expectations. 5G will soon make it into the list of technologies enterprise will consider, with standalone 5G solutions that will enable various new industrial applications, such as robotics, big data analytics, IIoT and AR/VR in engineering and design, as well as new ways to provide remote support and training.
Asia Pacific (APAC) region to record the highest growing region in the 5G core market
APAC has several growing economies, such as China, India, and Japan, which are expected to register high growth in the 5G core market. These countries have always supported and promoted industrial and technological growth. Also, they possess a developed technological infrastructure, which is promoting the adoption of 5G core solutions across all industry verticals. The network market in APAC is driven by the growing acceptance of cloud-based solutions, emerging technologies such as the IoT, and big data analytics and mobility. APAC is one of the biggest markets for connected devices
Cloud-Native and Service-Based Architecture
Telecom Operators Emphasize on Embb Services
Industry 4.0 Paved Way for Mmtc
Development of Smart Infrastructure
Differentiated 5G Services Via Network Slicing
Security Concerns in the 5G Core Network
Low Latency Connectivity with Urllc
Demand for Private 5G Across Enterprises, Government, and Industrial Sectors.
Heavy Spending on Deploying 5G Core
Uncertainty Around Roi and Other Unprecedented Challenges
For more information about this report visit https://www.researchandmarkets.com/r/t2sqmu
View source version on businesswire.com: https://www.businesswire.com/news/home/20210122005203/en/
Laura Wood, Senior Press Manager
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