Next Generation Core Network Market size was valued at USD 32.00 Billion in 2024 and is projected to reach USD 62.00 Billion by 2033, exhibiting a CAGR of 8.1% from 2026 to 2033.
The Next Generation Core Network market was valued at approximately USD 8.5 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 17.3% from 2023 to 2030. This growth is primarily driven by the increasing demand for advanced mobile network technologies such as 5G and the shift toward virtualized network infrastructures. The markets growth potential is augmented by the growing necessity for seamless connectivity, enhanced network efficiency, and optimized service delivery across telecom and enterprise sectors. By 2030, the market size is anticipated to reach around USD 28.3 billion, showcasing substantial growth in the coming years. North America and Europe dominate the market, collectively holding over 50% of the total market share, driven by the early adoption of advanced telecom technologies and large scale investments in 5G infrastructure development.
The Asia Pacific (APAC) region is poised for significant growth due to the rapid digitalization of emerging economies and substantial investments in telecommunications infrastructure. This region is expected to grow at the highest CAGR of 19.4% from 2023 to 2030, driven by increasing government initiatives to boost telecom services and the rising demand for high speed mobile networks. Additionally, Latin America and the Middle East & Africa are gradually adopting next generation core network technologies, which will likely contribute to market expansion. While these regions hold smaller market shares, their growing adoption of 5G technologies presents considerable growth opportunities for industry players in the near future.
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Huawei
ZTE
Ericsson
Nokia
Qualcomm
Intel
Avago
Skyworks
Samsung
NEC
Mediatek
Cisco
Marvell
Qorvo
LG
NTT DoCoMo
SK Telecom
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Next Generation Core Network Market
Virtualized Network Functions (VNFs)
Software-Defined Networking (SDN)
Multi-Access Edge Computing (MEC)
Service-Based Architecture (SBA)
Telecom Operators
Enterprise Users
Government Agencies
Cloud Service Providers
Voice over LTE (VoLTE)
Internet of Things (IoT)
Augmented Reality and Virtual Reality (AR/VR)
High-Definition Video Streaming
Hardware
Software
Services
Cloud Infrastructure
On-Premises
Cloud-Based
Hybrid Deployment
Managed Services
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Next Generation Core Network Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Next Generation Core Network Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Next Generation Core Network Market, By Type
6. Global Next Generation Core Network Market, By Application
7. Global Next Generation Core Network Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Next Generation Core Network Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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