Global 5G Core Market is accounted for $630.00 million in 2020 and is expected to reach $43,535.35 million by 2028 growing at a CAGR of 69.8% during the forecast period. Cloud-native and service-based architecture and the development of smart infrastructure are the major factors propelling the market growth.
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By geography, the Asia Pacific is going to have a huge demand due to it is transforming dynamically concerning the adoption of new technologies across various sectors. With the increasing adoption of technologies, such as VR and AR as well as the IoT, the content will become even more data-intensive, which will demand seamless network connectivity and coverage and would present a huge opportunity for the 5G Core Market in the region.
Some of the key players profiled in the 5G Core Market include ZTE, Samsung, Oracle, Nokia, Athonet, Metaswitch, Cisco, Iplook, Huawei, Ericsson, Druid Software, Cumucore, Mavenir, NEC Corp, Casa Systems, Affirmed Networks, and Hewlett Packard Enterprise (HPE).
Deployment Models Covered in 5G Core Market
Network Functions Covered:
• User Plane Function (UPF)
• Network Repository Function (NRF)
• Session Management Function (SMF)
• Access and Mobility Management Function (AMF)
• Network Slice Selection Function (NSSF)
• Authentication Server Function (AUSF)
• Network Exposure Function (NEF)
• Unified Data Management (UDM)
• Application Function (AF)
• Policy Control Function (PCF)
End Users Covered:
• Telecom Operators (State of 5G Commercialization)
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