Market Highlights

The 5G core NFs are placed on a widely dispersed public cloud architecture, allowing for one or more geographic locations both within the operator's premises and in other regions. Secure and dependable wireless infrastructure for industrial applications is supported in cloud deployments.

The primary factor driving the global 5G core market the IoT and artificial intelligence (AI), machine learning (

The global 5G core market is estimated to register a CAGR of over 52.7% to reach USD 16,145.1 million by the end of 2027.

ML), and cloud technology have been among the most important trends in high-tech over the past couple of years. It has developed at an astonishing speed since its inception, often rapidly changing direction along its way. 5G networks are at the forefront of the development of cellular mobile communications. 5G introduces a vastly enhanced foundation for delivering scalable and dependable connectivity to the rest of the world. The technology is intended to deliver high data rates with little latency. These two properties enable data to be sent between two or more places in real time.

Increased risks from big supplier reliance: a high reliance on a single supplier raises the danger of supply disruption and its implications, resulting from a business failure. Threats to network availability and integrity will become major security concerns: in addition to confidentiality and privacy concerns, the integrity and availability of 5G networks, which are expected to become the backbone of many critical IT applications, will become major national security concerns and a major security challenge from an EU perspective

Segment Analysis

The global 5G core Industry has been segmented on the basis of component, deployment mode, network functions, end-user, and region.

By component, the global 5G core market, has been segmented into solutions and services, Further services is bifurcated into professional services, managed services

By deployment mode, the 5G Core market has been segmented into cloud and on-premises. The cloud segment accounted for a larger market share of 71.2% in 2020, with a market value of USD 506.8 million; it is expected to register the highest CAGR of 57.1% during the forecast period.

Based on network functions, the 5G Core market has been divided into AMF (Access and Mobility Management Function), SMF (Session Management Function), UPF (User Plane Function), PCF (Policy Control Function), NEF (Network Exposure Function), NRF (NF Repository Function), UDM (Unified Data Management), AUSF (Authentication Server Function), AF (Application Function), NSSF (Network Slice Selection Function) and others.

By end-user, the 5G Core market has been segmented into consumer and enterprises. The consumer segment accounted for a larger market share of 79.2% in 2020, with a market value of USD 563.9 million; it is expected to register a CAGR of 34.6% during the forecast period.

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COVID-19 Impact Analysis

The global COVID-19 outbreak has wreaked havoc on enterprises all around the globe. However, this condition does not pose an insurmountable obstacle. We're starting to notice that the magnitude of the impact differs by country and industry. Impact occurs at different times and for different lengths of time in different enterprises. While industry professionals and analysts have differing perspectives on how this influence manifests, one thing is certain: the epidemic has transformed the way we do business. Many CSPs throughout the world began experiments and rollouts of 5G networks in the year 2019.

The significant weaknesses the IT industry is facing now are due to the fall in the economy, as many companies are forced to ask their employees to work from home (remotely), considering public health concerns. Due to this, there is a massive loss of opportunity for many companies that have international dealers. For example, Apple Inc. is estimated to have at least a 10% fall in its shares because of the lack of availability of iPhones in the market. The parts that are required to build the iPhones are supposed to come from China, and it is facing a major lockdown.

Regional Analysis:

The global 5G Core market is expected to expand at an 72.00% CAGR during the forecast period, to reach 16,092.5 million by 2026. The geographic analysis of the 5G Core market has been conducted in North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

North America is expected to be the dominating region due to the faster adoption of innovative technologies in developed countries such as the US and Canada. The US accounted for the largest market share, followed by Canada and Mexico. This growth can be attributed to favorable government initiatives to encourage the adoption of 5G technology across various industries. The main factor driving the 5G core market in this region is the strong presence of key industry players offering 5G core solutions.

The European market has been segmented into the UK, Germany, France, and the rest of Europe. In terms of market size, Europe is expected to be the second-largest regional market. The UK is projected to be the leading country-level market, while Germany is expected to register the highest growth over the review period. A growing number of 5G solution start-ups in the region are boosting the adoption of 5G core infrastructure to improve operational efficiency and enable process automation

The market in Asia-Pacific is projected to register the fastest growth rate over the forecast period, with the regional market being segmented into China, Japan, India, and the rest of Asia-Pacific. This share is attributable to increasing investments in 5G technology. Furthermore, increasing government and research institute initiatives in the region for the development of 5G core is likely to drive the market growth in Asia-Pacific.

The Middle East & African and South American markets have started adopting these technologies only recently. The service providers and enterprises from manufacturing, government, and defense sectors in this region have started adopting 5G technology.

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5G core Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030

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