5G Core Market Size, Share, and Growth Analysis

Global 5G Core Market

5G Core Market By Component (Solutions, Services), By Deployment Model (On-Premises, Cloud), By End User (Telecom Operators, Enterprises), By Network Function (Access And Mobility Management Function, Session Management Function), By Region - Industry Forecast 2025-2032


Report ID: SQMIG45F2211 | Region: Global | Published Date: May, 2025
Pages: 192 |Tables: 147 |Figures: 70

Format - word format excel data power point presentation

5G Core Market Insights

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.

  • Movandi: Based in the United States and founded by Maryam Rofougaran and Reza Rofougaran, the startup specializes in 5G mmWave technologies to expedite deployment of 5G networks and infrastructure. Founded in 2016, the company is making significant advancements in the business landscape through partnerships and collaborations with telecom giants. The company has made notable collaborations with companies such as Qualcomm, Verizon, Rakuten, and Kyocera to expand the utilization of its novel 5G core technologies.
  • Beijing Changkun Technology (BCT): Founded in 2020, the Chinese startup is expected to emerge as a key player in the 5G core business in China over the coming years. The company is known to offer 5G Smart Park solution that incorporates an integrated 5G base station and customized industrial CPE terminal. This solution helps BCT to build secure private networks for enterprises and expand its business scope across multiple industry verticals.

Market snapshot - 2025-2032

Global Market Size

USD 3.98 billion

Largest Segment

Cloud

Fastest Growth

On-premises

Growth Rate

58.2% CAGR

Global 5G Core Market ($ Bn)
Country Share for Asia Pacific Region (%)

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5G Core Market Segments Analysis

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.

Why Telecom Operators are Leading the Adoption of 5G core?

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.

Why Is Preference for On-Premises 5G core Deployment Rising?

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.

Global 5G Core Market By Deployment

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5G Core Market Regional Insights

What Makes Asia Pacific the Most Attractive Market for 5G core Providers?

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.

How Will the North America 5G core Market Fare in the Future?

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.

Will European 5G core Market Offer Good Returns?

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.

Global 5G Core Market By Region
  • Largest
  • Fastest

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5G Core Market Dynamics

5G Core Market Drivers

Emergence of Edge Computing

  • 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.

High Proliferation of IoT Devices

  • Deployment of Internet of Things (IoT) devices is rapidly rising around the world and this necessitates the demand for a robust network capable of handling massive connections with minimal latency. 5G core networks are perfect to enable seamless communication between this vast network of IoT devices that is rising rapidly thereby also supporting the global 5G core market outlook.

5G Core Market Restraints

Complexity in Integration with Legacy Systems

  • Most telecom companies are still using old infrastructure for communication, and this is a major obstacle in the widespread adoption of 5G networks and technologies. Compatibility issues with legacy systems can lead to operational challenges and increased costs, which in turn is expected to deter the adoption of 5G core networks in the long run.

Limited Spectrum Availability

  • Availability of spectrum bands is highly crucial for the successful deployment and functioning of a 5G core network. Spectrum scarcity in certain parts of the world could affect the performance of 5G core networks and also restrict network deployment and capacity. Hence, limited spectrum availability is a major restraint that is estimated to slow down the adoption of 5G core in the future.

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5G Core Market Competitive Landscape

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.

Top Player’s Company Profiles

  • Ericsson (Sweden) 
  • Nokia (Finland) 
  • Samsung (South Korea) 
  • ZTE (China) 
  • Cisco (US) 
  • NEC (Japan) 
  • Oracle (US) 
  • Casa Systems (US) 
  • Cumucore (Finland) 
  • Druid Software (Ireland) 
  • HPE (US) 
  • Iplook (China) 
  • Orange (France)

Recent Developments 5G Core Market

  • In March 2025, Orange, a French telecommunication giant announced the launch of the world’s first 5G Core Network as a Service (CNaaS). The new offering helps mobile operators to deploy 5G standalone (SA) infrastructure in just a matter of clicks thereby eliminating the need for operators to invest in their own core infrastructure development.
  • In February 2025, Bharti Airtel and Ericsson announced a new collaboration to further strengthen their partnership to deploy Ericsson’s high-performance 5G Core network offerings in India. The collaboration is expected to improve the 5G experience for Airtel users and help Airtel to seamlessly transition to a commercially live, full-scale 5G Standalone network in the future.
  • In February 2025, Axyom.Core, a renowned provider of cloud-native wireless core launched its new 5G Core for Fixed Wireless Access (FWA) services. The company aims to capitalize on the rapidly expanding 5G FWA market to help mobile service providers looking to expand their business scope in the long run.

5G Core Key Market Trends

5G Core Market SkyQuest Analysis

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
  • Component
    • Solutions
    • Services (Professional Services
    • Managed Services)
  • Deployment Model
    • On-Premises
    • Cloud
  • End User
    • Telecom Operators
    • Enterprises
  • Network Function
    • 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
    • Others
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
  • Ericsson (Sweden) 
  • Nokia (Finland) 
  • Samsung (South Korea) 
  • ZTE (China) 
  • Cisco (US) 
  • NEC (Japan) 
  • Oracle (US) 
  • Casa Systems (US) 
  • Cumucore (Finland) 
  • Druid Software (Ireland) 
  • HPE (US) 
  • Iplook (China) 
  • Orange (France)
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on 5G Core Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on 5G Core Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

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.

Analyst Support

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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FAQs

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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