Mobile Core Network Telecom Equipment Market Size, Share, and Trends Analysis Report

CAGR :  Diagram

Market Size 2023 (Base Year) USD 35.04 Billion
Market Size 2032 (Forecast Year) USD 70.86 Billion
CAGR 8.14%
Forecast Period 2024 - 2032
Historical Period 2018 - 2023

Mobile Core Network Telecom Equipment Market Insights

According to Market Research Store, the global mobile core network telecom equipment market size was valued at around USD 35.04 billion in 2023 and is estimated to reach USD 70.86 billion by 2032, to register a CAGR of approximately 8.14% in terms of revenue during the forecast period 2024-2032.

The mobile core network telecom equipment report provides a comprehensive analysis of the market, including its size, share, growth trends, revenue details, and other crucial information regarding the target market. It also covers the drivers, restraints, opportunities, and challenges till 2032.

Mobile Core Network Telecom Equipment Market Size

To Get more Insights, Request a Free Sample

Global Mobile Core Network Telecom Equipment Market: Overview

Mobile core network telecom equipment refers to the critical infrastructure that manages mobile data, voice, and messaging services within a telecommunications network. It serves as the backbone of mobile communications, handling authentication, call routing, data traffic management, and network security. Key components of a mobile core network include the Mobility Management Entity (MME), Serving Gateway (SGW), Packet Data Network Gateway (PGW), Home Subscriber Server (HSS), and evolved packet core (EPC) in 4G networks or 5G Core (5GC) in next-generation networks. This equipment ensures seamless connectivity and efficient network operations, supporting both consumer and enterprise applications across various industries.

Key Highlights

  • The mobile core network telecom equipment market is anticipated to grow at a CAGR of 8.14% during the forecast period.
  • The global mobile core network telecom equipment market was estimated to be worth approximately USD 35.04 billion in 2023 and is projected to reach a value of USD 70.86 billion by 2032.
  • The growth of the mobile core network telecom equipment market is being driven by increasing mobile data consumption, the rollout of 5G networks, and the expansion of IoT and cloud-based services.
  • Based on the type, the network communication equipment segment is growing at a high rate and is projected to dominate the market.
  • On the basis of application, the telecom operators segment is projected to swipe the largest market share.
  • By region, Asia-Pacific is expected to dominate the global market during the forecast period.

Mobile Core Network Telecom Equipment Market: Dynamics

Key Growth Drivers:

  • 5G Deployment: The global rollout of 5G networks is the primary driver, demanding significant upgrades and investments in core network infrastructure. 5G's higher bandwidth and lower latency necessitate new core equipment.
  • Increasing Data Traffic: The exponential growth of mobile data traffic, driven by video streaming, IoT devices, and other data-intensive applications, requires more robust and scalable core networks.
  • Network Slicing: 5G's network slicing capability, which allows for the creation of virtualized and dedicated networks for specific use cases, is driving demand for flexible and programmable core network equipment.
  • Cloud-Native Architectures: The shift towards cloud-native architectures in core networks enables greater agility, scalability, and cost-efficiency. This fuels the adoption of cloud-based core network solutions.
  • Edge Computing: The rise of edge computing, which processes data closer to the source, is creating opportunities for new core network equipment deployments at the edge of the network.

Restraints:

  • High Initial Investment Costs: Deploying and upgrading core network infrastructure requires substantial capital expenditure, which can be a barrier for some operators.
  • Complexity of Network Transformation: Migrating from legacy networks to 5G and cloud-native architectures is a complex process that requires careful planning and execution.
  • Security Concerns: As core networks become more virtualized and software-defined, security becomes a major concern, requiring robust security solutions and expertise.
  • Integration Challenges: Integrating new core network equipment with existing infrastructure and systems can be challenging and time-consuming.
  • Economic Uncertainty: Global economic conditions can impact operator spending on network infrastructure, potentially slowing down market growth.

Opportunities:

  • Network Function Virtualization (NFV): NFV offers significant cost savings and flexibility by virtualizing network functions, creating opportunities for new software-based core network solutions.
  • Software-Defined Networking (SDN): SDN enables centralized control and automation of network resources, leading to greater efficiency and agility in core network management.
  • Private 5G Networks: The growing demand for private 5G networks in various industries, such as manufacturing and healthcare, is creating a new market for core network equipment.
  • Open RAN: Open RAN architectures, which promote interoperability and vendor diversity, are creating opportunities for new players in the core network equipment market.
  • AI and Machine Learning: The integration of AI and machine learning into core networks can improve network performance, optimize resource allocation, and enhance security.

Challenges:

  • Interoperability Issues: Ensuring interoperability between different vendors' equipment and systems can be a challenge in a multi-vendor environment.
  • Skills Gap: The telecom industry faces a shortage of skilled professionals with expertise in 5G, cloud-native technologies, and network virtualization.
  • Regulatory Hurdles: Government regulations and spectrum allocation policies can impact the pace of 5G deployment and core network upgrades.
  • Legacy Infrastructure: Operators need to manage and maintain existing legacy infrastructure while transitioning to new technologies, which can be complex and costly.
  • Competition: The core network equipment market is highly competitive, with several established vendors and new players vying for market share.

Mobile Core Network Telecom Equipment Market: Report Scope

Report Attributes Report Details
Report Name Mobile Core Network Telecom Equipment Market
Market Size in 2023 USD 35.04 Billion
Market Forecast in 2032 USD 70.86 Billion
Growth Rate CAGR of 8.14%
Number of Pages 140
Key Companies Covered Huawei, Nokia, Ericsson, Cisco Systems, ZTE, Samsung, Ciena, Fujitsu, Juniper Networks, FiberHome Technologies
Segments Covered By Product Type, By Application, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2023
Forecast Year 2024 to 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Mobile Core Network Telecom Equipment Market: Segmentation Insights

The global mobile core network telecom equipment market is divided by type, application, and region.

Segmentation Insights by Type

Based on type, the global mobile core network telecom equipment market is divided into optical communication equipment, network communication equipment, and other.

The Network Communication Equipment segment is the most dominant in the mobile core network telecom equipment market. This segment includes routers, switches, and gateways that are essential for managing and directing network traffic efficiently. The growing demand for high-speed data transmission, cloud-based services, and 5G network deployments has driven the expansion of this segment. Telecom operators are increasingly investing in advanced network communication infrastructure to ensure seamless connectivity, low latency, and enhanced capacity, making this category the primary choice for network providers globally.

The Optical Communication Equipment segment follows as the second most significant category in the market. This includes fiber-optic transceivers, multiplexers, and optical transport networks (OTN), which are critical for handling high bandwidth demands and supporting long-distance data transmission. With the rising adoption of 5G and the need for high-speed backhaul solutions, optical communication equipment is witnessing substantial growth. However, its adoption is slightly slower compared to network communication equipment due to the high initial costs and infrastructure investments required for fiber deployment.

Segmentation Insights by Application

On the basis of application, the global mobile core network telecom equipment market is bifurcated into telecom operators, government and company, and other.

The Telecom Operators segment is the most dominant in the mobile core network telecom equipment market. Telecom operators are the backbone of mobile networks, continuously upgrading their infrastructure to support increasing data traffic, 5G deployments, and cloud-based services. The rising demand for high-speed internet, low-latency communication, and seamless connectivity has led to significant investments in core network equipment such as routers, switches, and optical transmission systems. Operators are also expanding their networks to meet growing consumer and enterprise needs, further solidifying their dominance in the market.

The Government and Company segment follows as the second most significant application. Governments invest in telecom infrastructure to support national security, emergency communication, and public services, while enterprises rely on private networks for secure data transmission and internal communication. The demand for high-capacity, low-latency networks has grown with the adoption of cloud computing, IoT, and digital transformation initiatives. However, compared to telecom operators, the scale of investment in core network equipment by governments and companies is relatively lower, keeping this segment in second place.

Mobile Core Network Telecom Equipment Market: Regional Insights

  • Asia-Pacific is expected to dominates the global market

The Asia-Pacific region dominates the mobile core network telecom equipment market, driven by rapid technological advancements, widespread adoption of 5G, and significant investments in telecommunications infrastructure. Countries like China, India, Japan, and South Korea are at the forefront, with China leading due to its massive population, aggressive 5G rollout, and strong government support for digital transformation. The region's large consumer base and increasing demand for high-speed connectivity further fuel market growth. Additionally, the presence of major telecom equipment manufacturers and operators in this region contributes to its dominance.

North America follows closely, primarily due to the early adoption of advanced technologies and the presence of key market players. The United States is a major contributor, with its robust 5G deployment and high consumer demand for seamless connectivity. The region benefits from significant investments in research and development, as well as partnerships between telecom operators and technology providers. The focus on enhancing network capabilities to support IoT, smart cities, and enterprise applications further drives the market in this region.

Europe holds a significant share in the mobile core network telecom equipment market, supported by the widespread implementation of 5G and the region's focus on digitalization. Countries like Germany, the UK, and France are leading the charge, with strong government initiatives and collaborations between telecom operators and equipment vendors. The European market is also driven by the need for efficient network infrastructure to support emerging technologies such as autonomous vehicles and industrial automation. However, regulatory challenges and varying levels of 5G adoption across countries slightly hinder the region's growth compared to Asia-Pacific and North America.

The Middle East and Africa region is experiencing steady growth, driven by increasing investments in telecom infrastructure and the gradual rollout of 5G networks. Countries like the UAE, Saudi Arabia, and South Africa are leading the market, with a focus on enhancing connectivity to support economic diversification and digital transformation. The region's growth is also fueled by the rising demand for mobile data services and the expansion of broadband networks. However, economic disparities and infrastructure challenges in some areas limit the overall market potential compared to more developed regions.

Latin America, while still emerging in the mobile core network telecom equipment market, is showing promising growth due to increasing mobile penetration and the gradual adoption of 4G and 5G technologies. Brazil and Mexico are the key contributors, with growing investments in telecom infrastructure and rising consumer demand for high-speed internet. The region faces challenges such as economic instability and regulatory hurdles, which slow down the pace of growth. Nonetheless, the increasing focus on improving network capabilities to support digital services and IoT applications is expected to drive the market in the coming years.

Mobile Core Network Telecom Equipment Market: Competitive Landscape

The report provides an in-depth analysis of companies operating in the mobile core network telecom equipment market, including their geographic presence, business strategies, product offerings, market share, and recent developments. This analysis helps to understand market competition.

Some of the major players in the global mobile core network telecom equipment market include:

  • Huawei
  • Nokia
  • Ericsson
  • Cisco Systems
  • ZTE
  • Samsung
  • Ciena
  • Fujitsu
  • Juniper Networks
  • FiberHome Technologies

The global mobile core network telecom equipment market is segmented as follows:

By Type

  • Optical Communication Equipment
  • Network Communication Equipment
  • Other

By Application

  • Telecom Operators
  • Government and Company
  • Other

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • France
    • Germany
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • The Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East Africa

Frequently Asked Questions

Based on statistics from the Market Research Store, the global mobile core network telecom equipment market size was projected at approximately US$ 35.04 billion in 2023. Projections indicate that the market is expected to reach around US$ 70.86 billion in revenue by 2032.

The global mobile core network telecom equipment market is expected to grow at a Compound Annual Growth Rate (CAGR) of around 8.14% during the forecast period from 2024 to 2032.

Asia-Pacific is expected to dominate the global mobile core network telecom equipment market.

The global mobile core network telecom equipment market is driven by the rapid deployment of 5G networks, increasing demand for high-speed data transmission, and the expansion of cloud-based services. Additionally, rising investments in network modernization, IoT integration, and growing mobile subscriber bases further fuel market growth.

Some of the prominent players operating in the global mobile core network telecom equipment market are; Huawei, Nokia, Ericsson, Cisco Systems, ZTE, Samsung, Ciena, Fujitsu, Juniper Networks, FiberHome Technologies, and others.

The global mobile core network telecom equipment market report provides a comprehensive analysis of market definitions, growth factors, opportunities, challenges, geographic trends, and competitive dynamics.

Table Of Content

Inquiry For Buying

Mobile Core Network Telecom Equipment

Please fill out the form. We will contact you within 24 hours:
All fields required...

Request Sample

Mobile Core Network Telecom Equipment

Please fill out the form. We will contact you within 24 hours:
All fields required...

×

Avail Free PDF Sample Report

This website is secure and your personal details are safe. Privacy Policy

Thank you for contacting us.

Thank you for your interest in our research report.

We will be sending you the sample copy of the report shortly. Meanwhile, if you have any specific research requirement then please let us know. We will be glad to assist you in case you have any additional questions, so feel free to get in touch

Thank you


Warm regards,
Sales | Manager - International Business and partner Relations
Direct line: +1 347 535 0815
Market Research Store
E-mail: sales@MarketResearchStore.com | Web: www.MarketResearchStore.com