What is 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 5G Core Network market study is being classified by Type (Network Functions Virtualization (NFV) and Software-Defined Networking (SDN)), by Application (Commercial, Industrial and Government) and major geographies with country level break-up.
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 predicts that Players from United States 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 profiled in the study.
Analyst at AMA have segmented the market study of Global 5G Core Network market by Type, Application and Region.
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).
Market Influencers and their development strategies
In May 2020, Cisco has acquired Thousand Eyes which empowers businesses to see, understand, and improve the experience for every user and every application over any network. and In April 2020, Cisco has acquired Fluidmesh networks which develops wireless solutions for industrial IOT applications and focuses on vehicle connectivity and automation
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.
Influencing Market Trend
- Growing Penetration of Smartphone and Increasing Data Traffic
- Availability of Affordable High-Speed Network Services
- Growing Adoption of Virtual Networking Architecture in Telecommunications
- Growth in Mobile Data Traffic
- Increasing M2M Connections across Various Industries
- Increasing Demand for Commercialization of 5G Network
- Escalating Demand for Data Traffic Control Is Anticipated To Propel the 5G Technology
- Adoption of IoT Devices Owing to Development of Smart Cities
- Concerns Related to Data Security
- Cost of 5G Technology Solutions
- Issue Related to Technological Design
Key Target AudienceProviders of 5G Core Network, End-Users, Potential Investors, Market Research Firms, Regulatory Bodies and Others
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