Mobile Core Network Market
Mobile Core Network Market Forecasts to 2032 - Global Analysis By Component (Hardware, Software and Services), Network Type, Deployment Type, Technology, Application, End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $38.06 BN |
|
Projected Year Value (2030) |
US $70.92 BN |
|
CAGR (2024 - 2030) |
9.3% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Mobile Core Network Market is accounted for $38.06 billion in 2025 and is expected to reach $70.92 billion by 2032 growing at a CAGR of 9.3% during the forecast period. The main component of a mobile telecommunications system that links mobile users to other networks, including the internet or landline systems, is called a mobile core network. It oversees vital operations like call control, data routing, mobility management, and user authentication. The Gateway, Serving GPRS Support Node (SGSN), Packet-Switched Core, and Home Location Register (HLR) are some of its constituent parts. Across mobile devices in a cellular network, the Mobile Core Network guarantees smooth communication, safe data transfer, and effective management of voice, video, and data services.
According to official estimates, more than 5 billion people in the world population own a smartphone.
Market Dynamics:
Driver:
Growing 5G deployment worldwide
The need for reliable and scalable core network solutions is growing as telecom operators deploy 5G infrastructure. For 5G to serve cutting-edge applications like the Internet of Things, smart cities, and driverless cars, high-performance, low-latency networks are necessary. As a result, more advanced and adaptable core network systems are required. The market is expanding as a result of mobile operators' significant investments in modernising their current networks to support 5G. The emergence of 5G also speeds up the adoption of virtualised and cloud-native network operations, improving the ecology of mobile core networks.
Restraint:
High capital and operational expenditure
Smaller businesses find it difficult to break into the market as a result, which restricts competition and creativity. Telecom operators' financial resources may also be strained by continuous maintenance and operating expenses, which limits their capacity to make investments in other crucial areas. Longer ROI periods are another consequence of high spending, which makes it challenging for companies to earn a profit fast. Telecom companies may postpone network development or improvements as a result, which would impede market growth. Additionally, consumers may pay more for services as a result of this financial strain, which would lower demand for sophisticated network services.
Opportunity:
Rising adoption of cloud-native and virtualized core networks
Mobile operators can improve network cost-effectiveness, scalability, and flexibility by utilising cloud technologies. Virtualized core networks offer faster deployment and management of services, boosting overall performance and saving operating costs. Because of their microservices architecture, cloud-native networks offer faster upgrades and more agility, which speeds up service rollouts. These developments make it possible for operators to more efficiently handle growing data traffic and the need for 5G connectivity. The need for sophisticated mobile core networks is fuelled by the ability of mobile carriers to provide more creative services.
Threat:
Cybersecurity and privacy concerns
Growing cyberthreats force service providers to make significant investments in cutting-edge security solutions, which drives up operating expenses. Operators' freedom is restricted by additional compliance requirements brought on by data protection laws like the GDPR. The possibility of data breaches can harm telecom firms' brands and erode customer confidence. Furthermore, the deployment of newer technologies, such as 5G, is slowed down by complicated security requirements. In the end, these difficulties impede market expansion and innovation in the field of mobile core networks.
Covid-19 Impact
The COVID-19 pandemic significantly impacted the mobile core network market, accelerating digital transformation and driving demand for robust, scalable network infrastructures. With increased reliance on remote work, video streaming, and online services, operators focused on enhancing network capacity, latency, and security. The surge in mobile data consumption led to the adoption of 5G technologies, edge computing, and virtualized solutions. However, supply chain disruptions and economic uncertainty also posed challenges to market growth during the early stages of the pandemic.
The 5G segment is expected to be the largest during the forecast period
The 5G segment is expected to account for the largest market share during the forecast period by enabling faster data transmission speeds, enhancing connectivity, and providing low latency. It can handle more connections at once, which is crucial for smart cities and Internet of Things devices. 5G enables tailored network solutions to serve particular industries, such as healthcare, automotive, and entertainment, through the use of network slicing. Operators are being forced to improve their core networks due to the increasing demand for high-bandwidth services like augmented reality and 4K/8K video streaming. The potential of 5G to lower operating costs and increase network efficiency also speeds up market expansion.
The telecom operators segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the telecom operators segment is predicted to witness the highest growth rate by differentiating services based on customer needs, ensuring tailored network solutions. They use techniques like implementing Virtualised Core Networks (VBNs) to improve scalability and flexibility. The integration of 5G technologies is another aspect of the segmentation that enhances speed and efficiency for a variety of industries, including enterprise solutions and the Internet of Things. Operators respond to the growing need for high performance and low latency by providing specialised services like edge computing and private networks. By conforming to new trends in mobile data usage and connectivity needs, these tactics promote market expansion.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share due to increasing demand for high-speed internet, mobile data services. Major telecom operators are investing heavily in upgrading their infrastructure to meet the rising data consumption and enhance network efficiency. With a large consumer base and rapid technological advancements, countries like China, India, Japan, and South Korea are leading the market. The adoption of cloud-based solutions, IoT, and smart devices further fuels the demand for advanced mobile core networks in the region.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, owing to the demand for 5G deployment, and the need for enhanced network security. Major telecom operators in the region are investing in advanced technologies like cloud-native networks, network slicing, and virtualization to support growing data traffic and improve network efficiency. The expansion of IoT devices, coupled with rising consumer demand for mobile connectivity, is also fuelling market growth. Key players in the market include Ericsson, Nokia, and Huawei, offering innovative solutions for network infrastructure.
Key players in the market
Some of the key players profiled in the Mobile Core Network Market include Huawei Technologies Co., Ltd., Ericsson AB, Nokia Corporation, ZTE Corporation, Cisco Systems, Inc., Samsung Electronics Co., Ltd., NEC Corporation, Hewlett Packard Enterprise (HPE), Mavenir Systems, Inc., Affirmed Networks, Inc., Fujitsu Limited, Ciena Corporation, Juniper Networks, Inc., Oracle Corporation, FiberHome, IPLOOK Technologies, Athonet and Parallel Wireless, Inc.
Key Developments:
In April 2025, Huawei and MTN South Africa signed a Memorandum of Understanding (MoU) for strategic cooperation on Net5.5G. The collaboration aims to enhance MTN's service experience and network availability for both consumer and B2B sectors.
In February 2024, Huawei launched the world's first 5.5G intelligent core network at MWC 2024. The solution integrates service intelligence, network intelligence, and O&M intelligence to enhance business value and development potential.
In January 2024, Nokia introduced the Network Exposure Platform (NEP), a software offering designed to expand and simplify the number of APIs available to operators, their partners, and customer channels. NEP supports various API models, including Linux Foundation CAMARA APIs and TM Forum Open APIs, enabling the creation of network-powered applications for consumer, enterprise, and industrial customers.
Components Covered:
• Hardware
• Software
• Services
Network Types Covered:
• 3G
• 4G or LTE
• 5G
• Other Network Types
Deployment Types Covered:
• On-premise
• Cloud-based
• Hybrid
Technologies Covered:
• Circuit Switched Core
• Packet Switched Core
• Voice over LTE (VoLTE)
• Voice over New Radio (VoNR)
• Network Function Virtualization (NFV)
• Software-Defined Networking (SDN)
• Other Technologies
Applications Covered:
• Mobile Voice
• Mobile Data
• Internet of Things (IoT)
• M2M Communications
• Enhanced Mobile Broadband (eMBB)
• Ultra-Reliable Low-Latency Communications (URLLC)
• Massive Machine-Type Communications (mMTC)
• Other Applications
End Users Covered:
• Telecom Operators
• Enterprises
• Government and Public Sector
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Mobile Core Network Market, By Component
5.1 Introduction
5.2 Hardware
5.2.1 Routers
5.2.2 Switches
5.2.3 Servers
5.3 Software
5.3.1 Network Management Software
5.3.2 Virtualized Core Network Software
5.4 Services
5.4.1 Integration & Deployment Services
5.4.2 Consulting Services
5.4.3 Support & Maintenance Services
6 Global Mobile Core Network Market, By Network Type
6.1 Introduction
6.2 3G
6.3 4G or LTE
6.4 5G
6.5 Other Network Types
7 Global Mobile Core Network Market, By Deployment Type
7.1 Introduction
7.2 On-premise
7.3 Cloud-based
7.4 Hybrid
8 Global Mobile Core Network Market, By Technology
8.1 Introduction
8.2 Circuit Switched Core
8.3 Packet Switched Core
8.4 Voice over LTE (VoLTE)
8.5 Voice over New Radio (VoNR)
8.6 Network Function Virtualization (NFV)
8.7 Software-Defined Networking (SDN)
8.8 Other Technologies
9 Global Mobile Core Network Market, By Application
9.1 Introduction
9.2 Mobile Voice
9.3 Mobile Data
9.4 Internet of Things (IoT)
9.5 M2M Communications
9.6 Enhanced Mobile Broadband (eMBB)
9.7 Ultra-Reliable Low-Latency Communications (URLLC)
9.8 Massive Machine-Type Communications (mMTC)
9.9 Other Applications
10 Global Mobile Core Network Market, By End User
10.1 Introduction
10.2 Telecom Operators
10.3 Enterprises
10.4 Government and Public Sector
10.5 Other End Users
11 Global Mobile Core Network Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Huawei Technologies Co., Ltd.
13.2 Ericsson AB
13.3 Nokia Corporation
13.4 ZTE Corporation
13.5 Cisco Systems, Inc.
13.6 Samsung Electronics Co., Ltd.
13.7 NEC Corporation
13.8 Hewlett Packard Enterprise (HPE)
13.9 Mavenir Systems, Inc.
13.10 Affirmed Networks, Inc.
13.11 Fujitsu Limited
13.12 Ciena Corporation
13.13 Juniper Networks, Inc.
13.14 Oracle Corporation
13.15 FiberHome
13.16 IPLOOK Technologies
13.17 Athonet
13.18 Parallel Wireless, Inc.
List of Tables
1 Global Mobile Core Network Market Outlook, By Region (2024-2032) ($MN)
2 Global Mobile Core Network Market Outlook, By Component (2024-2032) ($MN)
3 Global Mobile Core Network Market Outlook, By Hardware (2024-2032) ($MN)
4 Global Mobile Core Network Market Outlook, By Routers (2024-2032) ($MN)
5 Global Mobile Core Network Market Outlook, By Switches (2024-2032) ($MN)
6 Global Mobile Core Network Market Outlook, By Servers (2024-2032) ($MN)
7 Global Mobile Core Network Market Outlook, By Software (2024-2032) ($MN)
8 Global Mobile Core Network Market Outlook, By Network Management Software (2024-2032) ($MN)
9 Global Mobile Core Network Market Outlook, By Virtualized Core Network Software (2024-2032) ($MN)
10 Global Mobile Core Network Market Outlook, By Services (2024-2032) ($MN)
11 Global Mobile Core Network Market Outlook, By Integration & Deployment Services (2024-2032) ($MN)
12 Global Mobile Core Network Market Outlook, By Consulting Services (2024-2032) ($MN)
13 Global Mobile Core Network Market Outlook, By Support & Maintenance Services (2024-2032) ($MN)
14 Global Mobile Core Network Market Outlook, By Network Type (2024-2032) ($MN)
15 Global Mobile Core Network Market Outlook, By 3G (2024-2032) ($MN)
16 Global Mobile Core Network Market Outlook, By 4G or LTE (2024-2032) ($MN)
17 Global Mobile Core Network Market Outlook, By 5G (2024-2032) ($MN)
18 Global Mobile Core Network Market Outlook, By Other Network Types (2024-2032) ($MN)
19 Global Mobile Core Network Market Outlook, By Deployment Type (2024-2032) ($MN)
20 Global Mobile Core Network Market Outlook, By On-premise (2024-2032) ($MN)
21 Global Mobile Core Network Market Outlook, By Cloud-based (2024-2032) ($MN)
22 Global Mobile Core Network Market Outlook, By Hybrid (2024-2032) ($MN)
23 Global Mobile Core Network Market Outlook, By Technology (2024-2032) ($MN)
24 Global Mobile Core Network Market Outlook, By Circuit Switched Core (2024-2032) ($MN)
25 Global Mobile Core Network Market Outlook, By Packet Switched Core (2024-2032) ($MN)
26 Global Mobile Core Network Market Outlook, By Voice over LTE (VoLTE) (2024-2032) ($MN)
27 Global Mobile Core Network Market Outlook, By Voice over New Radio (VoNR) (2024-2032) ($MN)
28 Global Mobile Core Network Market Outlook, By Network Function Virtualization (NFV) (2024-2032) ($MN)
29 Global Mobile Core Network Market Outlook, By Software-Defined Networking (SDN) (2024-2032) ($MN)
30 Global Mobile Core Network Market Outlook, By Other Technologies (2024-2032) ($MN)
31 Global Mobile Core Network Market Outlook, By Application (2024-2032) ($MN)
32 Global Mobile Core Network Market Outlook, By Mobile Voice (2024-2032) ($MN)
33 Global Mobile Core Network Market Outlook, By Mobile Data (2024-2032) ($MN)
34 Global Mobile Core Network Market Outlook, By Internet of Things (IoT) (2024-2032) ($MN)
35 Global Mobile Core Network Market Outlook, By M2M Communications (2024-2032) ($MN)
36 Global Mobile Core Network Market Outlook, By Enhanced Mobile Broadband (eMBB) (2024-2032) ($MN)
37 Global Mobile Core Network Market Outlook, By Ultra-Reliable Low-Latency Communications (URLLC) (2024-2032) ($MN)
38 Global Mobile Core Network Market Outlook, By Massive Machine-Type Communications (mMTC) (2024-2032) ($MN)
39 Global Mobile Core Network Market Outlook, By Other Applications (2024-2032) ($MN)
40 Global Mobile Core Network Market Outlook, By End User (2024-2032) ($MN)
41 Global Mobile Core Network Market Outlook, By Telecom Operators (2024-2032) ($MN)
42 Global Mobile Core Network Market Outlook, By Enterprises (2024-2032) ($MN)
43 Global Mobile Core Network Market Outlook, By Government and Public Sector (2024-2032) ($MN)
44 Global Mobile Core Network Market Outlook, By Other End Users (2024-2032) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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