Security News > 2021 > February > 5G core market size to reach $9.497 million by 2025

The global 5G core market size is projected to grow from $630 million in 2020 to $9.497 million by 2025, at a CAGR of 72.0% during the forecast period, according to ResearchAndMarkets.

The 5G core market is gaining traction due to the evolution of cellular network technology, which has offered higher data speeds and lower latency.

The managed services segment to grow at the highest CAGR. Managed services in the 5G core market outsource a complete network or a part of it on a proactive management basis to improve the network operations and reduce the organizational expenses.

As the 5G core market is in its initial phase, most vendors are not capable of providing a standalone solution and its associate services to the customers.

APAC region to record the highest growing region in the 5G core market.

APAC has several growing economies, such as China, India, and Japan, which are expected to register high growth in the 5G core market.

News URL

http://feedproxy.google.com/~r/HelpNetSecurity/~3/2EQk78HL3g4/