Global 5G Core Network Market Size Likely to Grow at a CAGR of 41.8% By 2034

As per the 5G Core Network Market size analysis conducted by the CMI Team, the global 5G Core Network Market is expected to record a CAGR of 41.8% from 2025 to 2034. In 2025, the market size is projected to reach a valuation of USD 3.42 Billion. By 2034, the valuation is anticipated to reach USD 22.65 Billion.

Overview

According to industry experts, the 5G Core Network Market is experiencing rapid growth as industries which require ultra-low latency, high-speed and reliable connections are surging, and they include entertainment, e-learning, gaming, corporate communication and e-commerce, according to industry experts. Hybrid events, virtual classrooms, live streaming and online gaming need 5G Core Networks to be delivered without any problems and real-time experience.

Operators are using AI-driven traffic optimization, cloud-native architecture, network slicing, and edge computing to provide scalable, secure, and immersive connectivity. Sustainable infrastructure projects such as the use of energy efficient data centers, green network equipment and the optimization of bandwidth also support the market.

Key Trends & Drivers

• Increased Data Traffic and IoT Growth: As billions of linked devices generate huge amounts of real-time data, 5G Core networks are essential in providing ultra-reliable, low-latency connections. The IoT applications, such as smart home, autonomous mobility, and industrial automation, are booming and need a scalable and efficient 5G Core infrastructure that has been adopted and invested in globally by businesses and telecommunication providers.

• Migration to Cloud-Native and Virtualized Networks Telecom: Providers are migrating off hardware-based systems to cloud-native, software-defined and virtualized 5G Core designs. Such a transition minimizes the use of proprietary hardware, cuts infrastructure expenses and enhances agility. NFV and containerized structures allow operators to dynamically scale services and enhance efficiency, sustainability and service delivery in a plethora of enterprise and consumer applications.

• Enterprise Digital Transformation: The push to Industry 4.0 is subjecting the personal 5G Core network in industries like manufacturing, healthcare, logistics, and energy to heavy demands. Smart factories, connected hospitals, autonomous vehicles and real-time analytics demand a secure and reliable connection that can be tailored to enterprises. This tendency will make 5G Core the basis of digitalization of enterprises worldwide.

Report Scope

SWOT Analysis

• Strengths: 5G Core Networks offer extremely low latency, high speed, and connectivity, accommodating real time services, such as gaming, AR/VR, e-learning and live streaming. Cloud-native design, AI-based orchestration, and slicing networks improve scalability, efficiency, and customization of services, providing a competitive edge to providers in terms of offering digital experiences, seamlessly, around the world.

• Weaknesses: The cost of deployment is high, it requires intricate integration with other networks, and specialized technical skills are required. Smaller operators might not be able to invest in infrastructure and operate at scale. Lack of interoperability and security of the different components of a network may also be slowing down large scale adoption, especially in emerging markets with minimal digital infrastructure.

• Opportunities: 5G Core Networks are facing mind-blowing demand as IoT, smart cities, Industry 4.0, and edge computing applications are quickly increasing. New source of revenue can be generated through enterprise private networks, cloud-based services, and immersive AR/VR services, and government-backed digital transformation initiatives are accelerating adoption everywhere around the globe.

• Threats: The supply chains and deployment plans can be affected by trade barriers to network equipment, political tensions, and uncertainty in regulation. Possible cybersecurity risks, network disruptions, and interference by other connectivity solutions such as satellite internet can influence development and market confidence in widespread usage of 5G Core Network.

List of the prominent players in the 5G Core Network Market:

• Ericsson
• Huawei Technologies
• Nokia Corporation
• Samsung Electronics
• ZTE Corporation
• Cisco Systems
• Qualcomm Technologies
• Intel Corporation
• NEC Corporation
• Mavenir Systems
• Dell Technologies
• Microsoft Corporation
• AT&T Inc.
• Telefonica S.A.
• BT Group
• SK Telecom
• Reliance Jio
• Verizon Communications
• Orange S.A.
• Deutsche Telekom AG
• China Mobile
• China Telecom
• China Unicom
• NTT DOCOMO
• T-Mobile US
• Others

The 5G Core Network Market is segmented as follows:

By Component

• Solutions
• Services

By Deployment Model

• On-Premise / Dedicated
• Public Cloud
• Hybrid
• Telco Edge Cloud

By End-User

• Telecom Operators
• Enterprises

By Network Function

• Network Exposure Function (NEF)
• User Plane Function (UPF)
• Application Function (AF)
• Unified Data Management (UDM)
• Session Management Function (SMF)
• Others

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America