Discover trends, market shifts, and competitive outlooks for the 5g core network industry through 2025–2034 with The Business Research Company’s reliable data and in-depth research

What Are the Projected Market Size and Growth Rates for the 5G Core Network Market From 2025 To 2029?
 The industry size of the 5G core network has seen an exceptional expansion in the past few years. The market is expected to soar from $2.78 billion in 2024 to a considerable $3.47 billion in 2025, boasting a compound annual growth rate (CAGR) of 25.1%. This remarkable growth during the historical period has been fueled by factors like the need for low latency, extensive IoT connectivity, the implementation of service-based architecture, improved security, and worldwide connectivity.
 
 The market size of the 5G core network is projected to witness a sharp surge in the incoming years where it’s anticipated to reach $7.64 billion by the year 2029, expanding at a compound annual growth rate (CAGR) of 21.8%. This projected growth in the forecast period can be ascribed to factors like the incorporation of edge computing, 5G-facilitated vertical industries, government strategies and initiatives, competitive differentiation and network modernization. Foreseen trends in the forecast period encompass 5G-enabled IoT solutions, network synchronization, network optimization and orchestration, enhancements in network security, and the evolution of the 5G core network.
 
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 Which Factors and External Forces Are Driving Demand in the 5G Core Network Market?
 The anticipated surge in 5G usage is set to drive the expansion of the 5G core network market. The demand for these fifth-generation wireless cellular services is growing, due to their wide applications and numerous uses. Factors resulting in this increased demand include the necessity for high-speed data transfer, the escalation in interconnected gadgets, and applications of IoT. The 5G core network, which is essential for maximizing the benefits of 5G tech, caters to a variety of these services. Services supported by this network range from enhanced mobile broadband (eMBB) to massive machine-type communications (mMTC), to ultra-reliable low-latency communications (UR-LLC). As an example, 5G Americas, a stateside trade organization, has predicted that 5G wireless connections worldwide would reach up to 5.9 billion by the close of 2027. Hence, a rapid uptake in 5G services is contributing to the expansion of the 5G core network market.
 
 Which Segments in the 5G Core Network Offer the Most Growth?
 The 5G core network market covered in this report is segmented –
 1) By Components: Solutions, Services
 2) By Deployment Model: Cloud, On-Premises
 3) By Application: Smart Energy, Industrial Manufacturing, Smart Medical, Media Entertainment, Smart Transportation
 4) By End User: Telecom Operators, Enterprises
 
 Subsegments:
 1) By Solutions: Network Functions Virtualization (NFV), Software-Defined Networking (SDN), Cloud-Native Core, Data Analytics And Management, Security Solutions
 2) By Services: Consulting Services, Integration Services, Maintenance And Support Services, Managed Services
 
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 What Are the Fastest-Growing Geographies in the 5G Core Network Market?
 Asia-Pacific was the largest region in the 5G core network market in 2024. It is expected to be the fastest-growing region in the forecast period. The regions covered in the 5G core network market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
 
 Which Cutting-Edge Market Trends Are Expected to Drive the 5G Core Network Market’s Growth?
 Leading firms in the 5G core network market are integrating new technologies such as Software-as-a-Service (SaaS) to boost network efficiency, scalability, and affordability. SaaS operates as a cloud-based service model where the service provider hosts the software applications which are accessible to users via the internet. Take for instance, Nokia Corporation, a Finland-based global corporation focused on telecommunications, information technology, and consumer electronics, which introduced its Core Software-as-a-Service (SaaS) for 5G in November 2022. This Core SaaS is the premiere comprehensive 5G core solution offering all cloud-native network functions via a SaaS delivery model. The goal of Core SaaS is to empower communication service providers (CSPs) and businesses to manage their networks with increased versatility and scalability, thus promoting business adaptability and hastening the profit realization from network services. By shifting from traditional tailor-made software deployments on private infrastructure to a subscription-based model, operators could evade substantial initial capital expenses and eliminate the requirement for on-site software upkeep and upgrades.
 
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 What Are the Key Elements That Define the 5G Core Network Market?
 The 5G Core Network refers to the central part of a 5th generation (5G) cellular network architecture responsible for managing and orchestrating network functions and services. It serves as the backbone of the 5G network, enabling advanced capabilities such as ultra-low latency, high-speed data transmission, massive connectivity, and network slicing.
 
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