USD 3.98 billion
Report ID:
SQMIG45F2211 |
Region:
Global |
Published Date: May, 2025
Pages:
192
|Tables:
147
|Figures:
70
Global 5G Core Market size was valued at USD 3.98 billion in 2023 and is poised to grow from USD 6.30 billion in 2024 to USD 247.03 billion by 2032, growing at a CAGR of 58.2% during the forecast period (2025-2032).
Growing demand for faster mobile network and data transfer speeds, rising investments in 5G infrastructure development, advancements in network slicing technologies, and shift of telecom operators towards cloud-native architectures are helping promote the demand for 5G core over the coming years.
Surging demand for faster internet and data connectivity on a global level from consumers as well as businesses is expected to primarily favor the demand for 5G core in the future. High demand for enhanced mobile broadband (eMBB) services for data-intensive use cases such as video conferencing, streaming, and virtual reality is also slated to create new opportunities for market players in the long run.
Growing deployment of 5G core networks are expanding the scope for network slicing to create multiple virtual networks on a single physical infrastructure. Advancements in network slicing technologies and growing need for tailored network solutions in different industry verticals are also expected to help boost revenue generation for 5G core providers. Telecom operators around the world are focusing on improving flexibility, scalability, and efficiency of their networks thereby promoting the adoption of cloud-native and service-based architectures in 5G core networks.
High investments in 5G infrastructure development by governments and telecommunication giants are also estimated to favor the global 5G core market growth going forward. On the contrary, high costs of deployment, challenges in integration with legacy systems, regulatory and standardization issues, and limited spectrum availability are estimated to be key constraints hindering the business scope of 5G core companies across the forecast period and beyond.
How Artificial Intelligence Can Optimize 5G Core?
Integrating artificial intelligence (AI) with 5G core can help improve its maintenance and operational capabilities. AI models can optimize the data traffic flow and efficiently manage 5G networks based on demand and peak loads. By integrating AI with 5G core, companies can also create intelligent network frameworks that are capable of operating autonomously without the need for oversight. Surging popularity of network artificial intelligence is also expected to create new opportunities for 5G core companies focusing on integrating AI with their offerings in the long run.
Which Startups are Making Waves in the Global 5G Core Industry?
Demand for rapid increase in 5G deployment and growing investments in 5G technology innovation are gaining traction and this is where some startups are shining. Here are some key startups that could change the future of 5G core in the long run.
Market snapshot - 2025-2032
Global Market Size
USD 3.98 billion
Largest Segment
Cloud
Fastest Growth
On-premises
Growth Rate
58.2% CAGR
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Global 5G Core Market is segmented by Component, Deployment Model, End User, Network Function and region. Based on Component, the market is segmented into Solutions and Services. Based on Deployment Model, the market is segmented into On-Premises and Cloud. Based on End User, the market is segmented into Telecom Operators and Enterprises. Based on Network Function, the market is segmented into Access And Mobility Management Function, Session Management Function, User Plane Function, Policy Control Function, Network Exposure Function, NF Repository Function, Unified Data Management, Authentication Server Function, Application Function, Network Slice Selection Function and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Telecom operators are estimated to account for more than 50% of the global 5G core market share over the coming years. Rapidly surging investments in the development of new 5G infrastructure as demand for 5G network rises around the world are expected to help bolster the dominance of this segment. Growing demand for custom and optimized 5G networks with low latency is also slated to bolster the adoption of 5G core by telecom operators on a global level. Collaborations and partnerships are essential for 5G core companies looking to boost their revenue from telecom operators in the long run. Efforts of telecom operators to improve user experience and offer new services to their users are also estimated to bolster the adoption of 5G core across the study period and beyond.
The on-premises segment is expected to witness an impressive CAGR in global 5G core industry in the future. Better control and flexibility over network operations offered by on-premises deployment of 5G core is expected to help create new opportunities via this segment. Enhanced security, low latency, and high reliability are key benefits of on-premises 5G core deployment. High investment requirements for on-premises deployment of 5G core is making it more attractive for enterprise end users. Growing demand for industrial automation and adoption of robotics in industries is also expected to bolster the demand for on-premises 5G core solutions. Launch of multiple new smart city initiatives around the world are also estimated to create new revenue generation opportunities for market players focusing on this segment in the long run.
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The Asia Pacific region is slated to account for a prominent chunk of the global 5G core market share over the coming years. Rapidly surging demand for high-speed internet connectivity among consumers and growing investments in the deployment of new 5G networks by governments and telecom giants are helping cement the dominance of this region.
South Korea is estimated to remain a trailblazer in the Asia Pacific 5G core industry as it was the first country to deploy 5G networks on a large scale. Presence of telecommunication operators like SK Telecom, KT, and LG Uplus with their increased focus on improving 5G deployment are expected to help this country emerge as a top market for 5G core. The South Korean government played a crucial role in promoting the deployment of 5G in the country by deploying the Digital New Deal plans in 2021 and 2022 to promote 5G network expansion in the country.
Japan is also estimated to emerge as a key country for 5G core providers owing to the presence of a highly developed cellular network, frequent collaborations for 5G network advancements, and supportive government policies for 5G deployment. The Japanese government introduced tax credit for 5G companies back in 2021 to promote the advancement of 5G networks in the country.
Singapore is also emerging as a key country in the Asia Pacific region owing to its robust innovation ecocystem promoting 5G advancements. Collaborations between 5G innovators are crucial in advancing the adoption of 5G core in the country. For instance, in January 2025, Singtel, a renowned Singaporean telecommunications company collaborated with Singapore’s Defence Science and Technology Agency (DSTA) and the Home Team Science and Technology Agency (HTX) to deploy its novel 5G network slicing technologies to enhance defense and security of the country.
North America is expected to witness a robust hike in demand for 5G core in the long run. Rapid adoption of advanced 5G technologies, high deployment of 5G private networks in industries, and surging use of autonomous technologies are helping create new opportunities for 5G core companies operating in this region.
Most revenue for 5G core companies operating in North America is expected to come from the United States. Presence of leading 5G providers such as AT&T Inc. Verizon Communications Inc. and T-Mobile USA Inc. In the country is also expected to bolster the high share going forward. Migration of on-premises 5G core towards cloud-native architecture in the country is also creating new business scope. For instance, in December 2024, Comcast announced that it had moved its 5G wireless core from on premise infrastructure into Amazon’s AWS cloud-native platform to offer next-generation 5G wireless services to its users.
Canada is also expected to be a highly opportune country for 5G core providers as emphasis on future-proofing network infrastructure and demand for low latency networks rises. In January 2024, Ericsson announced that it had partnered with Telus to launch and optimize its 5G standalone (5G SA) network in the Canadian market.
Surging availability of spectrums across different frequencies, rising adoption of industrial automation, supportive government initiatives to favor 5G adoption, and launch of new smart city initiatives are making Europe a highly opportune region for 5G core companies on a global level.
Germany is projected to be an opportune country for 5G core providers owing to the presence of highest number of 5G subscribers in Europe. As per an article published on TeleGeography blog, Germany had around 33 million 5G subscribers and the United Kingdom had around 37 million 5G subscriptions from the 120 million in all of Europe in the mid 2024 period. Multiple telecommunication companies focusing on expanding their 5G coverage in Germany and the United Kingdom are helping them emerge as top markets in this region. Apart from these countries, Nordic countries such as Denmark, Finland, Norway, and Switzerland are also witnessing a robust hike in 5G adoption.
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Emergence of Edge Computing
High Proliferation of IoT Devices
Complexity in Integration with Legacy Systems
Limited Spectrum Availability
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5G core companies should focus on reducing the complexity in integration with legacy systems. Targeting developed countries with high emphasis on 5G adoption is slated to offer best returns for companies as per this global 5G core market analysis. Integration of advanced technologies can also help improve the business scope of 5G core vendors.
While there are multiple trends to focus on in the rapidly evolving 5G core technology landscape, here are some key 5G core market trends that could boost revenue generation for all types of companies.
Short Term: Accelerated network deployment and enhanced mobile broadband (eMBB) services are major trends that could instantly help 5G core companies expand their business scope. Rapidly escalating demand for high-speed connectivity is pushing telecommunication companies to role out new 5G core networks rapidly to fulfil the high demand. High consumer demand for faster data speeds and improved connectivity is also promoting the use of 5G core to offer enhanced mobile broadband services.
Mid Term: Integration of edge computing and network slicing for industry verticals are key opportunities that could help companies expand their business in the near future. Network operators can create multiple virtual networks on a single physical infrastructure through network slicing and thereby further expand the application scope of 5G core companies. Integration of edge computing can reduce latency and improve real-time operations of 5G core networks.
Long Term: Autonomous network development and expansion of massive IoT (mIoT) connectivity are slated to be long-term opportunities for 5G core providers. 5G core networks are expected to support the rapidly increasing number of IoT devices in smart cities, connected homes, and industrial IoT applications thereby making mIoT connectivity crucial in 5G core of the future. Integration of artificial intelligence and machine learning is slated to generate new opportunities for 5G core companies as popularity of completely autonomous networks rises on a global level.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, increasing demand for industrial automation, high investments in 5G infrastructure development, and launch of new smart city projects are slated to primarily drive the demand for 5G cores going forward. However, cybersecurity risks, data privacy concerns, and high costs of implementation in developing regions are expected to slow down the sales of 5G cores in the future. North America is forecasted to emerge as the leading market for 5G core providers owing to the rapid adoption of advanced technologies and need for strict regulatory compliance with different safety standards across multiple industry verticals. Simplification of user interfaces is projected to emerge as an indispensable 5G core market trend for the future.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 3.98 billion |
Market size value in 2032 | USD 247.03 billion |
Growth Rate | 58.2% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the 5G Core Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the 5G Core Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the 5G Core Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the 5G Core Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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Global 5G Core Market size was valued at USD 3.64 Billion in 2023 and is poised to grow from USD 4.74 Billion in 2024 to USD 38.9 Billion by 2032, growing at a CAGR of 30.1% during the forecast period (2025-2032).
5G core companies should focus on reducing the complexity in integration with legacy systems. Targeting developed countries with high emphasis on 5G adoption is slated to offer best returns for companies as per this global 5G core market analysis. Integration of advanced technologies can also help improve the business scope of 5G core vendors. 'Telefonaktiebolaget LM Ericsson', 'Nokia Corporation', 'Huawei Technologies Co., Ltd.', 'Samsung Electronics Co., Ltd.', 'Cisco Systems, Inc.', 'Hewlett Packard Enterprise Company', 'Oracle Corporation', 'Athonet', 'Mavenir', 'Orange', 'Ericsson', 'Affirmed Networks'
Edge computing technologies allow for faster processing of data closer to the source thereby reducing latency. Integration of edge computing with 5G core networks can enhance their real-time capabilities and make 5G networks more essential in applications such as autonomous vehicles and augmented reality in the long run thereby creating new business opportunities as well.
What Makes Asia Pacific the Most Attractive Market for 5G core Providers?
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Report ID: SQMIG45F2211
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