Mobile Core Network Telecom Equipment Market Size, Trends, Share, Growth, and Opportunity Forecast, 2024 - 2031 Global Industry Analysis By Component (Hardware, Software, and Services), By Deployment Mode (On-Premise, and Cloud-Based), By Equipment Type (Optical Communication Equipment, Network Communication Equipment, and Others), By End-User (Telecom Operators, Enterprises, Government and Company, and Others) and By Geography (North America, Europe, Asia Pacific, South America, and Middle East & Africa)

The Global Mobile Core Network Telecom Equipment Market was valued at USD 34.86 Billion in 2023 and is anticipated to reach a value of USD 68.53 Billion by 2031 expanding at a CAGR of 8.9% between 2024 and 2031.

Mobile core network telecom equipment refers to the collection of the hardware and software components that form the core infrastructure of a mobile network. It includes equipment such as switches, routers, gateways, and servers that enable communication between mobile devices and the wider network. Mobile Core network telecom equipment is the backbone of a mobile network, responsible for managing the flow of data and voice communication. The purpose of Mobile Core Network Telecom Equipment is to provide connectivity, mobility management, and security for mobile networks. It allows efficient routing of voice and data traffic, supports various network protocols, and ensures high-quality service for users. Advantages of mobile core network telecom equipment include enhanced data security, improved network performance, better scalability, and increased reliability. The market is influenced by factors such as rising demand for high-speed connectivity, expansion of 5G networks, proliferation of smartphones and connected devices, and network virtualization.

Mobile Core Network Telecom Equipment Market Major Driving Forces

Rising Demand for High-Speed Connectivity: The market growth is driven by the need for high-speed and reliable mobile connectivity. Consumers are increasingly seeking for faster internet speeds for seamless streaming, gaming, and remote work, fueling the demand mobile core network telecom equipment.

Expansion of 5G Networks: The rapid expansion of 5G networks has been a major trend globally, driving the growth of the mobile core network telecom equipment market.  Telecommunications companies and governments are investing heavily in 5G infrastructure and rolling out new 5G-enabled based devices.

Proliferation of Smartphones and Connected Devices: The growing popularity of smartphones and other connected devices is another significant factor propelling the market growth. Upgrading the core network infrastructure have become crucial to ensure seamless connectivity for this expansion of internet-connected devices.

Network Virtualization: The increasing adoption of network virtualization and cloud-native architectures is driving demand for mobile core network telecom equipment. Network virtualization requires robust core network infrastructure for enhancing scalability, flexibility, and cost-effectiveness while reducing operational costs.

Mobile Core Network Telecom Equipment Market Key Opportunities

Growth of Digital Transformation: Increase in the rate of digitalization particularly in developing economies is driving adoption of demand for mobile core network telecom equipment. Rising deployment of advanced technologies such as internet of things, and rising interest in private 5G networks tailored to specific enterprise requirements can further boost the market growth.

Expansion of IoT Applications: The rise of technologies such as Internet of Things (IoT) is expected to provide opportunities for market growth. Mobile core network supports a wide range of IoT devices, such as smart home appliances, security systems, and more owing to its low latency and internet speed. Mobile core networks will be crucial in facilitating seamless connectivity and management of these devices, fueling the IoT revolution.

Focus on Enhancing Security: The growing emphasis on enhancing security with the rise in importance of data security provide opportunity for vendors to develop advanced security solutions. The growing number of cyber threats and complexity, there is an increasing need for securing mobile core network solutions. Vendors can develop solutions with advanced security features integrated into equipment such as robust authentication protocols to protect against attacks.

Mobile Core Network Telecom Equipment Market Key Trends

·         The deployment and commercialization of 5G networks is a major factor driving demand for mobile core network telecom equipment to support higher speed, and low latency

·         Rising data consumption due to increased video streaming, IoT devices, and remote work is influencing the demand for more efficient mobile core network telecom equipment

·         The increasing adoption of network virtualization and software-defined networking (SDN) for enhancing scalability, flexibility, and cost-effectiveness

·         The increasing demand for high-speed and reliable mobile connectivity is a significant factor propelling the growth of mobile core network telecom equipment

·         Growing cybersecurity threats are pushing the demand for advanced security solutions within mobile core networks to protect against attacks, ensuring network integrity and user privacy

·         Integrating edge computing into mobile core networks aim to reduce latency and support real-time applications

·         The development and deployment of network slicing technologies in various industries creates a demand for mobile core network telecom equipment for optimizing network resources and revenue generation

Region-wise Market Insights

Asia Pacific accounted for the largest market share at 36.7% in 2023 whereas, Asia Pacific is expected to register the fastest growth, expanding at a CAGR of 9.4% between 2024 and 2031.

Asia Pacific region dominates the global mobile core network telecom equipment market and is predicted to maintain its dominance throughout forecast period. This growth is driven by the rapid economic development, increasing demand for high-speed connectivity, deployment of 5G networks, and surge in digital transformation in the region. Additionally, increasing investments in infrastructure development, growing popularity of smartphones and other connected devices, and government support also drives the regional market growth. In North America, the demand is driven by the rapid 5G expansion, strong focus on technological advancements, presence of major telecom operators, and expansion of IoT applications. Europe emphasizes network sustainability, with a strong emphasis on energy-efficient technologies and eco-friendly infrastructure. The Middle East and Africa has been witnessing a growing demand for mobile core network telecom equipment due to burgeoning interest in 5G, and telecom infrastructure development whereas, in South America, the market is influenced by economic growth, with 5G expansion, growing mobile penetration and data usage across the region.

Market Competition Landscape

The global mobile core network telecom equipment market is highly competitive and is dominated with the intense competition among a large number of companies. Key players in the mobile core network telecom equipment market engage in strategies aimed at gaining a competitive edge. These strategies include product innovation, collaborations, expansion, innovative products & technologies, reduce production costs, and mergers and acquisitions to meet evolving consumer preferences. Established brands leverage their reputation for quality and reliability to maintain market share, while newer entrants focus on disruptive innovations and unique selling propositions.

Huawei Technologies Co., Ltd. is one of the leading global provider of the mobile core network telecom equipment market. This company has strong dominating position in the market due to its advanced technology and solutions. Huawei Technologies Co., Ltd. has been investing heavily in research and development, focusing on 5G infrastructure and cloud-native mobile core networks.

Key players in the global mobile core network telecom equipment market implement various organic and inorganic strategies to strengthen and improve their market positioning. Prominent players in the market include:

·         Huawei Technologies Co., Ltd.

·         Ericsson AB

·         Nokia Corporation

·         ZTE Corporation

·         Cisco Systems, Inc.

·         Fujitsu Limited

·         Ciena Corporation

·         Juniper Networks, Inc.

·         Mavenir Systems, Inc.

·         NEC Corporation

·         FiberHome

·         Affirmed Networks Inc.

·         Samsung Electronics Co., Ltd.