The global 5G Core Network (5GC) market is expected to show promising growth in the next five years, according to recent research. By 2030, the market is anticipated to reach USD million with a solid CAGR during the forecast period.
The market is segmented by applications and types. The applications include Smart Energy, Industrial Manufacturing, Smart Medical, Media Entertainment, Smart Transportation, and Others. The types of contracts are 5G Commercial Contract and 5G Industry Application Contract.
Regions analyzed in the report include North America, Europe, Asia-Pacific, South America, Middle East, and Africa.
Key global players in the 5G Core Network (5GC) market include Huawei, ZTE, Ericsson, Nokia, and more. These top four companies hold a significant share of the market in terms of revenue.
The growth of the 5G Core Network (5GC) market is fueled by the increasing global demand for various applications. The market shows strong potential for substantial growth, with an impressive Compound Annual Growth Rate (CAGR) forecasted from 2023 to 2030.
In terms of product types, specific categories are expected to hold a significant share of the market in 2023.
The 5G Core Network (5GC) market faced difficulties during the COVID-19 pandemic and the Russia-Ukraine conflict. The report explores the effects of these events and strategies for recovery.
Leading regions in the market include North America, Europe, Asia-Pacific, South America, the Middle East, and Africa.
The report addresses various key questions such as global trends, product demand, industry developments, pricing and raw material sourcing influences, opportunities and challenges in the market, major industry players, recent industry trends, entry strategies, and marketing channels for the 5G Core Network (5GC) industry.
In conclusion, the 5G Core Network (5GC) market is expected to experience significant growth in the coming years, driven by global demand and strategic initiatives from key industry players.