5G Core Market Outlook 2025-2034: Market Share, and Growth Analysis By Component (Solutions, Services), By Deployment (Cloud, On-Premises), By Network Function, By End-User

The 5G Core Market is valued at USD 8.9 billion in 2025 and is projected to grow at a CAGR of 50.1% to reach USD 344.4 billion by 2034.The 5G core market is a crucial part of the 5G network architecture, providing the intelligence and control functions necessary for 5G services. This market encompasses the software and hardware used to build the 5G core network, including network function virtualization (NFV) and cloud-native technologies. The 5G core enables advanced features such as network slicing, edge computing, and service-based architecture (SBA), which are essential for supporting diverse 5G use cases.

The market is characterized by rapid innovation in software-defined networking (SDN), cloud computing, and virtualization technologies. The adoption of cloud-native architectures and microservices is enabling greater flexibility and scalability in the 5G core. The integration of AI and machine learning is also enhancing network automation and optimization. Furthermore, the increasing adoption of open interfaces and standards is promoting interoperability and reducing vendor lock-in. The market is also seeing a trend towards edge core deployments, which bring processing and storage closer to the end-users.

Geographically, the 5G core market is expanding globally, with significant activity in developed regions and emerging economies. Developed regions are leading the way in technology adoption, driven by their advanced telecommunications infrastructure and strong research and development capabilities. Emerging economies are also investing heavily in 5G core infrastructure to support their digital transformation. The market's future is promising, with continuous innovation and increasing adoption expected to drive growth.

Key Insights_ 5G Core Market

Cloud-Native Architectures: Adoption of cloud-native architectures and microservices for flexibility and scalability.

Network Slicing: Implementation of network slicing to support diverse 5G use cases.

Edge Computing: Deployment of edge core networks to bring processing and storage closer to end-users.

AI and Machine Learning Integration: Use of AI for network automation and optimization.

Open Interfaces and Standards: Adoption of open interfaces and standards for interoperability.

5G Network Deployment: Rapid deployment of 5G networks globally.

Demand for Advanced 5G Services: Increasing demand for advanced 5G services, such as enhanced mobile broadband, ultra-reliable low-latency communication, and massive machine-type communication.

Network Virtualization: Adoption of NFV and SDN for greater flexibility and efficiency.

Edge Computing Requirements: Need for edge computing to support latency-sensitive applications.

Digital Transformation: Digital transformation initiatives across various industries.

Integration Complexity: The complexity of integrating cloud-native technologies and legacy systems.

Security Concerns: Ensuring the security of the 5G core network.

Interoperability: Ensuring interoperability between different vendors' 5G core solutions.

Scalability and Performance: Achieving scalability and high performance in the 5G core.

Skill Gap: Shortage of skilled professionals with expertise in 5G core technologies.

5G Core Market Segmentation

By Component

Solutions

Services

By Deployment

Cloud

On-Premises

By Network Function

Access and Mobility Management (AMF)

Session Management Function (SMF)

User Plane Function (UPF)

Policy Control Function (PCF)

Network Exposure Function (NEF)

Network Repository Function (NRF)

Unified Data Management (UDM)

Authentication Server Function (AUSF)

Application Function (AF)

Network Slicing Selection Function (NSSF)

By End-User

Telecom Operators

Enterprises

Key Companies Analysed

Nokia CorporationHuawei Technologies Co. Ltd.Samsung Electronics Co. Ltd.Cisco Systems Inc.Affirmed Networks Inc.ZTE CorporationNEC CorporationOracle CorporationTelefonaktiebolaget LM EricssonHewlett Packard Enterprise Company LPHRMavenir Systems Inc.Druid Software Ltd.IPLOOK TechnologiesAT&T Inc.Orange SAVMware Inc.AthonetCiena CorporationF5 Networks Inc.Altiostar NetworksParallel Wireless Pvt. LtdReliance Industries LimitedWind River Systems Inc. (Acquired by TPG Capital)Juniper Networks Inc.AmdocsDatang Telecom GroupAlpha Networks Inc.Dell Technologies Inc.Bharti Airtel LimitedRakuten Mobile Inc.

5G Core Market Analytics

The report employs rigorous tools, including Porter’s Five Forces, value chain mapping, and scenario-based modeling, to assess supply–demand dynamics. Cross-sector influences from parent, derived, and substitute markets are evaluated to identify risks and opportunities. Trade and pricing analytics provide an up-to-date view of international flows, including leading exporters, importers, and regional price trends.

Macroeconomic indicators, policy frameworks such as carbon pricing and energy security strategies, and evolving consumer behavior are considered in forecasting scenarios. Recent deal flows, partnerships, and technology innovations are incorporated to assess their impact on future market performance.

5G Core Market Competitive Intelligence

The competitive landscape is mapped through OG Analysis’ proprietary frameworks, profiling leading companies with details on business models, product portfolios, financial performance, and strategic initiatives. Key developments such as mergers & acquisitions, technology collaborations, investment inflows, and regional expansions are analyzed for their competitive impact. The report also identifies emerging players and innovative startups contributing to market disruption.

Regional insights highlight the most promising investment destinations, regulatory landscapes, and evolving partnerships across energy and industrial corridors.

Countries Covered

North America — 5G Core market data and outlook to 2034

United States

Canada

Mexico

Europe — 5G Core market data and outlook to 2034

Germany

United Kingdom

France

Italy

Spain

BeNeLux

Russia

Sweden

Asia-Pacific — 5G Core market data and outlook to 2034

China

Japan

India

South Korea

Australia

Indonesia

Malaysia

Vietnam

Middle East and Africa — 5G Core market data and outlook to 2034

Saudi Arabia

South Africa

Iran

UAE

Egypt

South and Central America — 5G Core market data and outlook to 2034

Brazil

Argentina

Chile

Peru

Research Methodology

This study combines primary inputs from industry experts across the 5G Core value chain with secondary data from associations, government publications, trade databases, and company disclosures. Proprietary modeling techniques, including data triangulation, statistical correlation, and scenario planning, are applied to deliver reliable market sizing and forecasting.

Key Questions Addressed

What is the current and forecast market size of the 5G Core industry at global, regional, and country levels?

Which types, applications, and technologies present the highest growth potential?

How are supply chains adapting to geopolitical and economic shocks?

What role do policy frameworks, trade flows, and sustainability targets play in shaping demand?

Who are the leading players, and how are their strategies evolving in the face of global uncertainty?

Which regional “hotspots” and customer segments will outpace the market, and what go-to-market and partnership models best support entry and expansion?

Where are the most investable opportunities—across technology roadmaps, sustainability-linked innovation, and M&A—and what is the best segment to invest over the next 3–5 years?

Your Key Takeaways from the 5G Core Market Report

Global 5G Core market size and growth projections (CAGR), 2024-2034

Impact of Russia-Ukraine, Israel-Palestine, and Hamas conflicts on 5G Core trade, costs, and supply chains

5G Core market size, share, and outlook across 5 regions and 27 countries, 2023-2034

5G Core market size, CAGR, and market share of key products, applications, and end-user verticals, 2023-2034

Short- and long-term 5G Core market trends, drivers, restraints, and opportunities

Porter’s Five Forces analysis, technological developments, and 5G Core supply chain analysis

5G Core trade analysis, 5G Core market price analysis, and 5G Core supply/demand dynamics

Profiles of 5 leading companies—overview, key strategies, financials, and products

Latest 5G Core market news and developments Show more