According to a newly released Fact.MR analysis, the 5G core market revenues were forecast to be US$ 1.1 Bn in 2021 and are projected to increase at a CAGR of 26.7% from 2022 to 2032. The market is anticipated to reach US$ 14.7 billion by the end of 2032. Solution now has the greatest market share in the core 5G market and is expected to grow at a CAGR of 72.5% from 2015 to 21. This trend is expected to continue with a predicted CAGR of 26.7% over the following ten years.
Key Takeaways
By 2032, the 5G Core market is anticipated to be worth US$14.7 billion.
More than 35% of the market’s revenue is anticipated to come from North America in 2022.
Between 2022 and 2032, the 5G Core solution segment is anticipated to grow at a rate of over 25%.
The cloud has the most room for expansion among deployment models. Between 2022 and 2032, its market is anticipated to expand at a CAGR of nearly 25%.
The key market, the U.S., is anticipated to continue to dominate the market and expand at a CAGR of 26.5% from 2022 to 2032.
Competitive Landscape
In this market, a variety of local and international businesses are active. These businesses compete primarily on the inventiveness of their solutions and their global reach. Companies are using a range of tactics to be competitive in the 5G Core market.
• In a collaborative lab demonstration in March 2022, Ericsson and Vodafone successfully completed the UK’s first 5G standalone (SA) network slicing trial to enable dedicated performance and on-demand 5G connection for consumer and business users.
• In February 2021, Nokia announced the beginning of its DelOps initiative, a fresh and ground-breaking method for handling the complexity of 5G core software operations and delivery, as well as a new set of CI/CD Services to assist communication service providers (CSPs) in achieving higher operational efficacy.
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