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 Supply, Demand and Key Producers, 2025-2031”, published byGlobal Info Research, 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.

• Global Next Generation Core Network MarketSize(US$ Million), 2020-2031

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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.

• Global Next Generation Core Network Top19Players Ranking?and?Market?Share (Ranking is based on the revenue of 2024, continually updated)

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According toGlobal Info Research, 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.

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Contents of this report
Chapter 1, In-depth explanation of the Next Generation Core Network Market Definition, market overview, Product Overview and Scope, Consumption Value, Compound Annual Growth Rate (CAGR), Growth Forecast, Market Size by Region 2020 VS 2024 VS 2031
Chapter 2, Analyze the top manufacturers of Next Generation Core Network , include Major Business, Ranking, Price, Revenue and Gross Margin and Market Share of major companies (2020-2025)
Chapter 3, focus on analyzing the Next Generation Core Network competition status, gross margin, volume, revenue and global market share of the top 3 and top 6 market players (2020-2025)
Chapter 4, to segment the Next Generation Core Network market size by Type with Consumption Value and Market Share by Type (2020-2031)
Chapter 5, to segment the Next Generation Core Network market size by Application, with Consumption Value and Market Share by Type (2020-2031)
Chapter 6, 7, 8, 9 and 10, to break down the Revenue of Next Generation Core Network by countries, including revenue, gross margin, consumption value and market share of key countries in the world (2020-2031)
Chapter 11, Next Generation Core Network market dynamics, drivers, restraints, trends and Porters Five Forces analysis
Chapter 12, the key raw materials and key suppliers, and industry chain of Next Generation Core Network industry
Chapter 13 and 14, to describe Next Generation Core Network Industrial channel, distributors, customers, research findings and conclusion.

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For more information, please refer to "Global Next Generation Core Network Supply, Demand and Key Producers, 2025-2031". This report analyzes the supply and demand situation, development status, and changes in the industry, focusing on the development status of the industry, how to face the development challenges of the industry, industry development suggestions, industry competitiveness, and industry investment analysis and trend forecasts. The report also summarizes the overall development dynamics of the industry, including the impact of the latest US tariffs on the global supply chain, the supply relationship analysis of the industrial chain, and provides reference suggestions and specific solutions for the industry in terms of products.