According to a market report by Lucintel, the future of the global 5G core market looks promising with opportunities in the telecom operators and enterprise markets. The global 5G core market is expected to reach an estimated $46.9 billion by 2030 from $3.4 billion in 2024, at a CAGR of 55.1% from 2024 to 2030. The major drivers for this market are implementation of 5G technologies, increasing number of linked devices and data traffic explosion, and machine-to-machine communication networks are developing quickly.A more than 150-page report to understand trends, opportunity and forecast in 5G core market to 2030 by component (solutions and services), deployment model (on-premises and cloud), architecture outlook (service-based architecture and cloud native architecture), end use (telecom operators and enterprises), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that services is expected to witness the higher growth over the forecast period because of managed services, encompassing installation, support, deployment, integration, and upkeep, as well as, global need for managed services is expected to rise as 5G non-standalone and standalone cores are adopted more frequently.
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APAC is expected to witness highest growth over the forecast period due to growing need for high-speed internet access across a range of sectors, including manufacturing, healthcare, entertainment, and the automobile industry, as well as, enhancing collaborations and investments between the public and private sectors.
Telefonaktiebolaget LM Ericsson, Nokia Corporation, Huawei Technologies, Samsung Electronics, Cisco Systems, Hewlett Packard Enterprise Company, Oracle Corporation, Athonet, Mavenir, Affirmed Networks are the major suppliers in the 5G core market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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