Mobile Core Network Market Is Forecasted To Reach Around USD 59.33 Billion By 2032

The global mobile core network market size was worth around USD 31.86 billion in 2023 and is predicted to grow to around USD 59.33 billion by 2032, with a compound annual growth rate (CAGR) of roughly 7.30% between 2024 and 2032.

Mobile core networks are the central infrastructure components that manage mobile communications, data routing, subscriber authentication, and service delivery for cellular networks. These networks provide essential functions, including call switching, data packet routing, user mobility management, and quality of service control across 4G, 5G, and emerging network technologies. Recent advancements in mobile core network technology have focused on cloud-native architectures, network function virtualization, edge computing integration, and software-defined networking capabilities. This has improved network flexibility, reduced operational costs, and enhanced service delivery while maintaining security standards and regulatory compliance requirements.

Browse the full “Mobile Core Network Market By IMS Core (Call Session Control Function, Voice Application Servers, and Session Border Controllers), By 4G/5G Packet Core Controller (SMF, AMF, PGW-C, SGW-C, and MME), By 4G/5G Subscriber Data Management (Unified Data Management and Home Subscriber Server), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 - 2032”- Report at https://www.zionmarketresearch.com/report/mobile-core-network-market

The growth of the global mobile core network industry is primarily driven by increasing mobile data consumption, growing 5G network deployments, expanding Internet of Things applications, and rising demand for low-latency communication services.

Market Growth Factors

Several factors are propelling the expansion of the mobile core network market.

• 5G network rollout: Fast setup of 5G systems needs better core network tools that give faster speeds, quick responses, and connect many devices at once.
• Edge computing adoption: An increasing number of consumers want distributed computing and faster responses, so they invest in edge-enabled core network designs and local processing power.
• Internet of Things expansion: Increasing connected devices and machine-to-machine communications require scalable core network solutions that handle diverse traffic patterns and service requirements.

Restraints

• Infrastructure investment costs: High capital requirements for core network modernization and 5G deployment create financial barriers for smaller telecommunications operators.
• Security complexity: Increasing cybersecurity threats and regulatory requirements add complexity and costs to core network design and operation.

Mobile Core Network Market: Report Scope

Market Segmentation

The mobile core network market can be segmented by network type, deployment model, IMS core components, 4G/5G packet core controller, end-user, and region.

Based on network type, the market is divided into 4G LTE networks, 5G standalone networks, and hybrid network configurations. 5G standalone networks are expected to lead the market during the forecast period due to their advanced capabilities and growing operator investments in next-generation infrastructure.

Based on the deployment model, the mobile core network industry is categorized into on-premises deployment, cloud-based solutions, and hybrid deployment models. Cloud-based solutions lead the market due to their scalability, cost-effectiveness, and operational flexibility for telecommunications operators.

Based on IMS core components, the industry is categorized into call session control functions, voice application servers, and session border controllers. Call session control function holds a major share due to its central role in managing signaling and session control for voice and multimedia services.

Based on 4G/5G packet core controller, the mobile core network market includes session management function, access and mobility management function, packet gateway-control plane, serving gateway-control plane, and others. Session management function leads this segment as it manages session establishment, modification, and release for data connectivity across networks.

Based on end-user, the market is classified into mobile network operators, enterprise customers, and government organizations. Mobile network operators hold the largest market share due to their primary role in providing cellular services and making significant investments in network infrastructure.

Asia Pacific leads the global mobile core network market due to its large subscriber base, rapid 5G deployment, and growing mobile data consumption. The region has major telecommunications operators and equipment manufacturers with significant network investments. They have extensive infrastructure development programs, government support for 5G adoption, and growing demand for advanced mobile services. Focus on digital transformation and smart city initiatives drives continuous investment in core network modernization and capacity expansion. Growing investment in telecommunications infrastructure and technology innovation further boosts market opportunities across the region.

Key Market Players

Leading companies operating in the global mobile core network market include:

• NEC Corporation
• Nokia
• Comba Telecom Systems Holdings Ltd.
• Samsung Electronics
• Hewlett-Packard Enterprise (HPE)
• Ericsson
• Intel Corporation
• Huawei
• Fujitsu
• Qualcomm
• Cisco Systems Inc.
• Rakuten
• ZTE Corporation
• AT&T Inc.
• Mavenir

Recent Developments

• In April 2024, Ericsson launched a new cloud-native 5G core network solution, Compact Packet Core, designed to accelerate operator transition to standalone 5G networks with enhanced automation capabilities.

The global mobile core network market is segmented as follows:

By IMS Core

• Call Session Control Function
• Voice Application Servers
• Session Border Controllers

By 4G/5G Packet Core Controller

• SMF
• AMF
• PGW-C
• SGW-C
• MME

By 4G/5G Subscriber Data Management

• Unified Data Management
• Home Subscriber Server

By Region

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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