5G Core Market to Hit New Heights worth $29.09 Billion by 2030: Grand View Research, Inc.

Read 114 page market research report, "5G Core Market Size, Share & Trends Analysis Report By Component, By Deployment, By Network Function, By Architecture, By End-user, By Region, And Segment Forecasts, 2023 - 2030", published by Grand View Research. Read 114 page market research report, " 5G Core Market Size, Share & Trends Analysis Report By Component, By Deployment, By Network Function, By Architecture, By End-user, By Region, And Segment Forecasts, 2023 - 2030 ", published by Grand...

SAN FRANCISCO, 14/03/2023 (informazione.it - comunicati stampa - telecomunicazioni)

5G core contributes to various 5G functions within mobile networks that make communication possible. Some of these functions include authentication, authorization, and data and policy management, among others. 5G core is designed to guarantee high speed, power efficiency, and flexibility, thus driving its adoption. Additionally, the 5G core can be easily deployed on the cloud to provide 5G services and is highly scalable, which bodes well for the market's growth. 

Key players are leveraging improved speeds and lower latency by launching new solutions through collaboration and partnerships. For instance, in January 2022 , Telenor ASA announced a collaboration with Amazon Web Services, Inc. to expand its 5G core revolution. This collaboration is aimed to deliver new 5G and edge services to enterprise customers worldwide. 

The COVID-19 pandemic resulted in significant delays in terms of 5G deployments across the globe. As a result of a reduction in network infrastructure spending, and a limited workforce, the 5G rollouts were delayed in most countries. Moreover, a significant shortage of components due to supply chain disruptions further slowed down the deployment of 5G globally. The delay in the deployment of 5G adversely affected the demand for the 5G core. However, as the world recovers from the pandemic, the deployment of 5G will be accelerated, driving the growth of the 5G core.

Grand View Research has segmented the global 5G core market based on component, deployment, network function, architecture, end-user, and region:

 

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco , the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
Grand View Compass | Astra ESG Solutions
Follow Us: LinkedIn | Twitter

Logo:  https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/5g-core-market-to-hit-new-heights-worth-29-09-billion-by-2030-grand-view-research-inc-301771339.html