5G Core Market Size, Share, and Growth Analysis, By Component (Solutions, Services), By Deployment Model (On-Premises, Cloud), By End User, By Network Function, By Region - Industry Forecast 2025-2032

Global 5G Core Market size was valued at USD 3.98 billion in 2023 and is poised to grow from USD 6.30 billion in 2024 to USD 247.03 billion by 2032, growing at a CAGR of 58.2% during the forecast period (2025-2032).

The global 5G Core market is experiencing robust growth, driven by rising demand for ultra-low latency and high-speed connectivity to support emerging technologies such as autonomous vehicles, IoT, and smart cities. As telecom operators transition from non-standalone to standalone 5G architectures, there is a surge in the adoption of cloud-native, service-based core network solutions. Network slicing, edge computing, and AI-driven orchestration are further enhancing the performance and scalability of 5G Core networks, enabling tailored enterprise services. Additionally, increasing investments in infrastructure modernization and government initiatives to expand 5G coverage are accelerating deployment. The ongoing evolution of virtualized and containerized network functions is improving cost efficiency and flexibility, positioning the 5G Core as a cornerstone in the next generation of digital transformation.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global 5G Core market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global 5G Core Market Segments Analysis

Global 5G Core Market is segmented by Component, Deployment Model, End User, Network Function and region. Based on Component, the market is segmented into Solutions and Services. Based on Deployment Model, the market is segmented into On-Premises and Cloud. Based on End User, the market is segmented into Telecom Operators and Enterprises. Based on Network Function, the market is segmented into Access And Mobility Management Function, Session Management Function, User Plane Function, Policy Control Function, Network Exposure Function, NF Repository Function, Unified Data Management, Authentication Server Function, Application Function, Network Slice Selection Function and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global 5G Core Market

A major driver for the global 5G Core market is the surging demand for high-performance communication infrastructure to support advanced display technologies such as OLED, micro-LED, and LCD in sectors like consumer electronics, automotive, and immersive reality. These technologies require seamless, ultra-low-latency connectivity and high bandwidth-capabilities delivered by 5G Core networks. As display manufacturers increasingly integrate features like real-time streaming, cloud-based rendering, and remote collaboration, the need for robust 5G architecture intensifies. This trend is propelling investment in 5G Standalone (SA) deployments, enabling end-to-end network slicing and edge computing that support next-gen display applications. The evolution of display technology, paired with growing connectivity expectations, is expected to significantly fuel the adoption and expansion of 5G Core networks worldwide.

Restraints in the Global 5G Core Market

The global 5G Core market faces notable challenges stemming from its heavy dependence on advanced infrastructure components and seamless interoperability across networks. Supply chain disruptions-caused by geopolitical tensions, semiconductor shortages, or pandemic-related delays-can significantly hinder the timely deployment of 5G core technologies. These interruptions inflate equipment and operational costs while stalling network rollouts and reducing service availability. Additionally, the need for high capital investment, regulatory uncertainties, and cybersecurity risks further restrain market expansion. Ensuring reliable access to cutting-edge hardware, software integration, and cross-border regulatory alignment is essential for sustainable growth. Without these, operators may struggle to scale deployments efficiently, potentially slowing the realization of 5G's transformative potential across industries and economies.

Market Trends of the Global 5G Core Market

The global 5G Core market is witnessing accelerated growth driven by the rising demand for ultra-reliable, low-latency communication across industries. As 5G adoption expands, especially in areas like autonomous vehicles, smart manufacturing, and immersive technologies (AR/VR), there is a strong push toward cloud-native and service-based architectures. These enable scalable, agile, and flexible core networks that support diverse use cases. Network slicing and edge computing are becoming pivotal, allowing tailored network performance for different applications and improving user experiences. The transition from traditional infrastructure to virtualized and software-defined cores is attracting substantial investment, with telecom operators and cloud providers intensifying R&D efforts. This evolving landscape is shaping a dynamic ecosystem that underpins the digital transformation of industries worldwide.