Press release
Unlocking the Full Potential of 5G Core Networks
The Business Research Company recently released a comprehensive report on the Global 5G Core Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Business Research Company's, The 5g core market size has grown exponentially in recent years. It will grow from $3.65 billion in 2023 to $6.19 billion in 2024 at a compound annual growth rate (CAGR) of 69.6%. The growth in the historic period can be attributed to increasing mobile data traffic, demand for higher data speeds and low latency, proliferation of internet of things (iot), global standardization efforts, competitive landscape and industry collaboration.
The 5g core market size is expected to see exponential growth in the next few years. It will grow to $58.64 billion in 2028 at a compound annual growth rate (CAGR) of 75.4%. The growth in the forecast period can be attributed to rapid 5g network deployments, growth in enterprise and industrial 5g use cases, increased focus on network security, expansion of private 5g networks, continued evolution of standards. Major trends in the forecast period include network slicing for industry-specific applications, edge computing integration in 5g core networks, open ran (radio access network) adoption, ai and automation for network optimization, security enhancements for 5g networks.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/5g-core-global-market-report
Market Drivers and Trends:
The explosion of data traffic is expected to propel the growth of the 5G core market moving forward. Data traffic referred to as network traffic pertains to the volume of data that is being transmitted through a network at a particular point in time. Utilizing 5G Core for data traffic management offers various advantages such as enhanced network capabilities, service exposure, and traffic steering features. These benefits offer additional tools for optimizing traffic management and achieving efficient data traffic handling. For instance, according to a report published by Telefonaktiebolaget LM Ericsson, a Sweden-based provider of IT services, worldwide mobile data traffic hit roughly 90 EB per month in 2022 and is estimated to surge by nearly four times, reaching 325 EB per month by 2028. Therefore, the explosion of data traffic demands increased utilization of the 5G core.
Technological advancements are key trends gaining popularity in the 5G core market. Companies operating in the 5G core market are adopting new technologies to sustain their position in the market. For instance, in November 2022, Nokia Corporation, a Finland-based global leading telecommunication service provider introduced a software-as-a-service (SaaS) alternative for its enterprise customers who want an easier way to deploy the 5G standalone (SA) core network, alongside its existing offerings. Through a subscription service, the company provides 5G Core SaaS on-demand, removing the need for an upfront cost and the responsibility of managing software maintenance and updates through an operator. Nokia Core SaaS is the market's first complete 5G core solution, delivering all key cloud-native network services via a SaaS delivery paradigm.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=10080&type=smp
Major Key Players of the Market:
Nokia Corporation; Huawei Technologies Co. Ltd.; Samsung Electronics Co. Ltd.; Cisco Systems Inc.; Affirmed Networks Inc.; ZTE Corporation; NEC Corporation; Oracle Corporation; Telefonaktiebolaget LM Ericsson; Hewlett Packard Enterprise Company LP; HRMavenir Systems Inc.; Druid Software Ltd.; IPLOOK Technologies; AT&T Inc.; Orange SA; VMware Inc.; Athonet; Ciena Corporation; F5 Networks Inc.; Altiostar Networks; Parallel Wireless Pvt. Ltd; Reliance Industries Limited; Wind River Systems Inc. (Acquired by TPG Capital); Juniper Networks Inc.; Amdocs; Datang Telecom Group; Alpha Networks Inc.; Dell Technologies Inc.; Bharti Airtel Limited; Rakuten Mobile Inc.
5G Core Market 2024 Key Insights:
• The 5g core market will grow to $58.64 billion in 2028 at a compound annual growth rate (CAGR) of 75.4%.
• Surge In Data Traffic Driving The 5G Core Market
• Innovating The 5G Core Landscape Technological Advancements Take Center Stage
• Asia-Pacific was the largest region in the 5G core market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=10080&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
According to The Business Research Company's, The 5g core market size has grown exponentially in recent years. It will grow from $3.65 billion in 2023 to $6.19 billion in 2024 at a compound annual growth rate (CAGR) of 69.6%. The growth in the historic period can be attributed to increasing mobile data traffic, demand for higher data speeds and low latency, proliferation of internet of things (iot), global standardization efforts, competitive landscape and industry collaboration.
The 5g core market size is expected to see exponential growth in the next few years. It will grow to $58.64 billion in 2028 at a compound annual growth rate (CAGR) of 75.4%. The growth in the forecast period can be attributed to rapid 5g network deployments, growth in enterprise and industrial 5g use cases, increased focus on network security, expansion of private 5g networks, continued evolution of standards. Major trends in the forecast period include network slicing for industry-specific applications, edge computing integration in 5g core networks, open ran (radio access network) adoption, ai and automation for network optimization, security enhancements for 5g networks.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/5g-core-global-market-report
Market Drivers and Trends:
The explosion of data traffic is expected to propel the growth of the 5G core market moving forward. Data traffic referred to as network traffic pertains to the volume of data that is being transmitted through a network at a particular point in time. Utilizing 5G Core for data traffic management offers various advantages such as enhanced network capabilities, service exposure, and traffic steering features. These benefits offer additional tools for optimizing traffic management and achieving efficient data traffic handling. For instance, according to a report published by Telefonaktiebolaget LM Ericsson, a Sweden-based provider of IT services, worldwide mobile data traffic hit roughly 90 EB per month in 2022 and is estimated to surge by nearly four times, reaching 325 EB per month by 2028. Therefore, the explosion of data traffic demands increased utilization of the 5G core.
Technological advancements are key trends gaining popularity in the 5G core market. Companies operating in the 5G core market are adopting new technologies to sustain their position in the market. For instance, in November 2022, Nokia Corporation, a Finland-based global leading telecommunication service provider introduced a software-as-a-service (SaaS) alternative for its enterprise customers who want an easier way to deploy the 5G standalone (SA) core network, alongside its existing offerings. Through a subscription service, the company provides 5G Core SaaS on-demand, removing the need for an upfront cost and the responsibility of managing software maintenance and updates through an operator. Nokia Core SaaS is the market's first complete 5G core solution, delivering all key cloud-native network services via a SaaS delivery paradigm.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=10080&type=smp
Major Key Players of the Market:
Nokia Corporation; Huawei Technologies Co. Ltd.; Samsung Electronics Co. Ltd.; Cisco Systems Inc.; Affirmed Networks Inc.; ZTE Corporation; NEC Corporation; Oracle Corporation; Telefonaktiebolaget LM Ericsson; Hewlett Packard Enterprise Company LP; HRMavenir Systems Inc.; Druid Software Ltd.; IPLOOK Technologies; AT&T Inc.; Orange SA; VMware Inc.; Athonet; Ciena Corporation; F5 Networks Inc.; Altiostar Networks; Parallel Wireless Pvt. Ltd; Reliance Industries Limited; Wind River Systems Inc. (Acquired by TPG Capital); Juniper Networks Inc.; Amdocs; Datang Telecom Group; Alpha Networks Inc.; Dell Technologies Inc.; Bharti Airtel Limited; Rakuten Mobile Inc.
5G Core Market 2024 Key Insights:
• The 5g core market will grow to $58.64 billion in 2028 at a compound annual growth rate (CAGR) of 75.4%.
• Surge In Data Traffic Driving The 5G Core Market
• Innovating The 5G Core Landscape Technological Advancements Take Center Stage
• Asia-Pacific was the largest region in the 5G core market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=10080&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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