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Next-Gen IoT Is Likely To Run On 5G Core | A Report By Fact.MR

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.

Sample Copy Is Available for Analysis: Get It Now

Supriya Bhor

Supriya Bhor is Assistant Manager for the Digital Marketing department at Fact.MR. With sound research skills and her own style of writing thought leadership articles, she has extensively covers developments in several research domains and industries.

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