5G Core Network Market Scope
5G places high demands on service and network, which require a fundamental change in the core architecture. The 5G core will be the heart of the network and serve as the anchor point for multi-access technologies. It must offer a seamless service experience for all fixed and wireless access technologies. 3GPP has defined a new 5G core architecture that supports the delivery of services over wireless, fixed, or converged networks. This new 5G core uses a cloud-facing Service-Based Architecture (SBA) that supports the interaction of functional level functions, reusability, flexible connections, and service discovery that encompasses all functions. To make it easier to activate various data services and requirements, the elements of the 5GC, also called network functions, have been further simplified, with most of them being software-based so that they can be customized as needed. The 5G core network should be flexible enough so as to adapt as well as meet the requirements of Gbit /s searching smartphone users and also for the search for critical services with low latency and slow IoT devices. It is also designed to be more open and modular than its predecessor so that the various entities within the core network can interact with one another without preconditions and define procedures for this interaction.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global 5G Core Network market throughout the predicted period.
Juniper Networks (United States), Ericsson (Sweden), ZTE (China), Huawei (China), Cisco Systems (United States), Hewlett Packard Enterprise (United States), NEC Corp (Japan), CommScope (United States), Fujitsu (Japan), Samsung (South Korea), SK Telecom (South Korea), Intel (United States), Nokia (Finland) and Verizon Communications (United States) are some of the key players that are part of study coverage.
Segmentation Overview
The study have segmented the market of Global 5G Core Network market by Type (Network Functions Virtualization (NFV) and Software-Defined Networking (SDN)), by Application (Commercial, Industrial and Government) and Region with country level break-up.
On the basis of geography, the market of 5G Core Network has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Growing Penetration of Smartphone and Increasing Data Traffic and Availability of Affordable High-Speed Network Services
Market Growth Drivers:
Growing Adoption of Virtual Networking Architecture in Telecommunications, Growth in Mobile Data Traffic and Increasing M2M Connections across Various Industries
Challenges:
Issue Related to Technological Design
Restraints:
Concerns Related to Data Security and Cost of 5G Technology Solutions
Opportunities:
Increasing Demand for Commercialization of 5G Network, Escalating Demand for Data Traffic Control Is Anticipated To Propel the 5G Technology and Adoption of IoT Devices Owing to Development of Smart Cities
Market Leaders and their Expansionary Development Strategies
In February 2023, HPE (Hewlett Packard Enterprise) acquiredAthonet, a company based in Italy that has been providing 4G and 5G mobile cores since its establishment in 2005. HPE merges Athonet's software with its own to offer enterprises the choice of deploying Wi-Fi and private 5G services through a single monthly subscription. Additionally, HPE integrate Athonet into its Aruba networking portfolio in the future. The delivery of this offering will be facilitated through HPE's GreenLake cloud services platform.
In May 2023, Nokia introduced a range of new and improved core network software solutions specifically designed to meet the field and wide area network (FAN/WAN) requirements of public safety and power utilities. This expansion of Nokia's portfolio aims to offer a wider range of options to large, mission-critical enterprises, as well as governments.
The 3GPP Release 15 September 2017 and Release 16 in July 2018 which defines the 5G NR standards, telecommunications operators are targeting early 2019 for a rollout of commercial 5G services with many announcing an accelerated timetable for practical trials. The primary technologies will be Millimeter-wave bands (26, 28, 38, and 60 GHz) offer performance as high as 20 Gbit/s and “Low-band 5G" and "Mid-band 5G" use frequencies from 600 MHz to 6 GHz, especially 3.5-4.2 GHz.
Key Target Audience
Providers of 5G Core Network, End-Users, Potential Investors, Market Research Firms, Regulatory Bodies and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.