Next Generation Core Network Research:CAGR of 10.6% during the forecast period

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report “Next Generation Core Network- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”. Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for Next Generation Core Network was estimated to be worth US$ 612840 million in 2024 and is forecast to a readjusted size of US$ 1270270 million by 2031 with a CAGR of 10.9% during the forecast period 2025-2031.

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Next Generation Core Network Market Summary

The Next Generation Core Network (NGCN) refers to the advanced backbone infrastructure of telecommunications networks, particularly in the context of 5G and future mobile communication standards. It is designed to support the evolving demands of digital connectivity, including ultra-fast data speeds, low latency, massive device connectivity, and diverse service requirements.

NGCN services refer to the suite of operational services and capabilities associated with managing and maintaining an NGCN. These services are essential for ensuring the efficient, secure, and reliable operation of modern telecommunications networks, particularly those designed to support advanced technologies like 5G. NGCN hardware encompasses a range of specialized equipment and components designed to support the unique requirements of fifth-generation wireless technology. These hardware components are crucial for the deployment, operation, and optimization of NGCN, which promises significantly faster speeds, lower latency, enhanced capacity, and support for massive Internet of Things (IoT) connectivity.

Based on NGCN applications, the NGCN market is segmented into several major areas, such as Smart Energy and Industrial Manufacturing. In the Media Entertainment sector, NGCN provides specialized infrastructure to meet the unique demands of delivering media and entertainment services over advanced telecommunications networks. This includes supporting high-definition (HD), ultra-high-definition (UHD), and immersive content delivery, as well as facilitating the distribution and management of media assets across various platforms. For Smart Energy, NGCN serves as advanced telecommunications infrastructure specifically designed to support and optimize energy management, monitoring, and distribution in smart grid environments. In Industrial Manufacturing, NGCN technologies are set to revolutionize the industry by enabling advanced connectivity, automation, and data analytics. The convergence of NGCN and Smart Medical technologies promises transformative healthcare delivery solutions globally. NGCN technology is also a game-changer for Smart Transportation, offering high-speed connectivity, low latency, and robust support for V2X communication, autonomous vehicles, dynamic traffic management, IoT integration, and enhanced security. As cities worldwide adopt 5G networks, they are expected to unlock new opportunities for innovation, efficiency, and sustainability in urban mobility and transportation systems.

According to the new market research report “Global Next Generation Core Network Market Report 2025-2031”, published by QYResearch, the global Next Generation Core Network market size is projected to reach USD 1252.55 billion by 2031, at a CAGR of 10.6% during the forecast period.

Figure00001. Global Next Generation Core Network Market Size (US$ Million), 2020-2031

Above data is based on report from QYResearch Semiconductor Research Center: Global Next Generation Core Network Market Report 2025-2031 (published in 2025). If you need the latest data, plaese contact QYResearch.

Driven by the exponential growth in data traffic generated by the widespread adoption of mobile devices, IoT devices, and bandwidth-intensive applications such as streaming media, online gaming, and AR/VR, the industry is compelled to deploy advanced next generation core network solutions that efficiently manage and process these vast volumes of data. Equally, applications demanding real-time responsiveness—ranging from autonomous vehicles and remote surgery to industrial automation—intensify the need for ultra-low latency networks. Together, these driving factors are reshaping the network landscape, pushing industry players to innovate continuously, upgrade their technologies, and build resilient, high-performance infrastructures capable of supporting the increasingly complex digital ecosystem.

Figure00002. Global Next Generation Core Network Top 19 Players Ranking and Market Share (Ranking is based on the revenue of 2024, continually updated)

Above data is based on report from QYResearch Semiconductor Research Center: Global Next Generation Core Network Market Report 2025-2031 (published in 2025). If you need the latest data, plaese contact QYResearch.

According to QYResearch, the global key manufacturers of Next Generation Core Network include China Mobile, Deutsche Telekom, Verizon, AT&T, Telefónica, China Unicom, Huawei, Ericsson, NTT DoCoMo, Vodafone Group, etc. In 2024, the global top 10 players had a share approximately 56.0% in terms of revenue.

The next generation core network market is being driven by the exponential growth in data traffic resulting from the proliferation of mobile devices, IoT, and bandwidth-intensive applications such as streaming, online gaming, and AR/VR. This surge necessitates the deployment of network solutions capable of efficiently managing and processing massive amounts of data, while simultaneously delivering the ultra-low latency required by applications like autonomous driving, remote surgery, and industrial automation. Such drivers compel companies to accelerate research and development and transform network architectures from conventional designs to highly flexible, virtualized, and cloud-based systems. Enterprises are encouraged to integrate cutting-edge digital technologies and optimize resource scheduling and data processing efficiency, thereby ensuring low latency transmission and reliable support for innovative applications. Collaboration with upstream and downstream partners is crucial to effectively respond to the evolving demands of intelligent and digital communication ecosystems.

In the process of upgrading network technologies, companies face significant challenges, notably the need for substantial capital expenditure and the complexities of integrating new systems with legacy infrastructures. Deploying next generation core network technologies, particularly those that support 5G, requires a comprehensive overhaul of traditional network equipment, the establishment of virtualized platforms, and ensuring compatibility with existing systems—efforts that are both time-consuming and costly. Enterprises should adopt a phased approach, implementing pilot projects and maintaining strict risk controls to balance planning and investment. With rapid technological obsolescence and fierce market competition, it becomes imperative for companies to continuously invest in R&D and maintain a technological edge in system integration, so as to effectively address the intricacies and challenges of a constantly evolving network landscape.

Additionally, the market is restrained by vendor lock-in and complex regulatory frameworks. Historically, telecom operators have relied on proprietary solutions from a limited number of suppliers, which has resulted in strong lock-in effects that restrict the widespread adoption of new technologies. At the same time, navigating intricate regulatory issues, including spectrum allocation, data privacy, and local compliance, forces companies to continually adapt their product designs and service models. To overcome these restraints, enterprises should actively pursue open, modular technology platforms that break existing monopolies and foster a multi-vendor ecosystem, while also proactively addressing changing regulatory landscapes. By balancing compliance and innovation, companies can develop strategies that ensure sustained competitive advantage and long-term growth in the next generation core network market.

The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Next Generation Core Network market is segmented as below:
By Company
China Mobile
Deutsche Telekom
AT&T
Verizon
China Unicom
Huawei
Telefónica
Ericsson
Nokia
Vodafone Group
NTT DoCoMo
Orange
Samsung
ZTE
SK Telecom
Qualcomm
Cisco
Intel
LG


Segment by Type
Service
Hardware


Segment by Application
Smart Energy
Industrial Manufacturing
Smart Medical
Media Entertainment
Smart Transportation
Others


Each chapter of the report provides detailed information for readers to further understand the Next Generation Core Network market:

Chapter 1: Introduces the report scope of the Next Generation Core Network report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2020-2031)
Chapter 2: Detailed analysis of Next Generation Core Network manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2020-2025)
Chapter 3: Provides the analysis of various Next Generation Core Network market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2020-2031)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2020-2031)
Chapter 5: Sales, revenue of Next Generation Core Network in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2020-2031)
Chapter 6: Sales, revenue of Next Generation Core Network in country level. It provides sigmate data by Type, and by Application for each country/region.(2020-2031)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2020-2025)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.


Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Next Generation Core Network competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Next Generation Core Network comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Next Generation Core Network market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.


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