The 5G data management market was estimated at US$894.355 million in 2022.
GROWTH DRIVERS
5G data refers to the vast amount of information transmitted and received through fifth-generation wireless networks. These networks, known as 5G, provide significantly higher data speeds, lower latency, and increased capacity compared to previous generations. The data generated through 5G networks encompasses a wide range of applications, including mobile internet, video streaming, augmented reality (AR), virtual reality (VR), Internet of Things (IoT) devices, smart cities, autonomous vehicles, and various industrial applications.
With speeds up to 100 times faster than 4G, 5G networks facilitate seamless communication and enable innovative technologies that rely on real-time data processing. The increased responsiveness of 5G, characterized by lower latency, is crucial for applications requiring precise timing, such as machine-to-machine communication and critical tasks in various industries. As 5G adoption continues to expand globally, the volume of data generated is expected to grow exponentially. This data not only fuels consumer experiences but also drives advancements in sectors like healthcare, manufacturing, transportation, and beyond, contributing to the development of a more connected and technologically advanced world.
For instance:
Market Innovations in 5G Data Management Sector
FAVOURABLE GOVERNMENT REGULATIONS
In May 2023, the U.S. government launched a project, part of their 6G Core and Edge Networks and Services Project, to establish a 5G/6G Core Network Testbed, referred to as OpenCoreNet. This initiative aims to facilitate research on sixth-generation (6G) networks and assess how 6G advancements can enhance industry applications. OpenCoreNet is being developed with standardized interfaces to establish connections with 5G (and later 6G) access networks, not only within their laboratory but also across the National Institute of Standards and Technology (NIST) and other U.S. government agencies. The primary focus areas currently include vehicle teleoperation and industrial control applications to support NIST applications and national priorities.
EMERGING OPPORTUNITIES IN THE 5G DATA MANAGEMENT MARKET
Cloud Computing Software
One of the primary benefits of 5G technology is the acceleration of data transfers. Utilizing 5G-powered cloud computing will enable swifter real-time data streaming, providing a substantial enhancement for virtual business operations. The seamless storage and real-time streaming capabilities of 5G cloud computing are expected to significantly elevate productivity.
In October 2022, Cognizant partnered with Qualcomm Technologies, Inc., to expedite enterprise digital transformation by establishing a new 5G experience center in Atlanta, Ga. This collaboration integrated Cognizant's extensive expertise in 5G, IoT, cloud, and data analytics with Qualcomm Technologies' intelligent edge devices, AI, and 5G connectivity solutions.
MAJOR PLAYERS IN THE MARKET
Some of the leading players in the market are ENEA, Alepo, and Amdocs among others. The product offerings of the major corporations include the following:
|
COMPANY NAME |
PRODUCT NAME |
DESCRIPTION |
|
Alepo |
5G UDM |
Alepo's 5G Unified Data Management (UDM) assists operators aiming to fulfill evolving customer needs by enabling the segmentation of subscribers through personalized services and focused offers. It handles service and access authorization for verified subscribers, guaranteeing that users can only avail themselves of the services they have subscribed to. In telecommunications, the UDM authorizes subscribers based on factors such as the access network, RAT (Radio Access Technology), DNN (Data Network Name), slices, ODB (Operator Determined Barring), and additional criteria. |
|
ENEA |
Data Management Applications |
Data Management applications serve as the cornerstone for authentication, policy control, access control, and number mapping in 5G (as well as 4G) networks. Enea's solutions are modularized and standardized into distinct components (UDM, AUSF, AAA, PCRF, PCF, and E164 Mapping/iDNS) that seamlessly interact with industry-standard interfaces. They are designed to scale, accommodating both point solution deployment and extensive network models within the telecommunications sector. The user-friendly, low-code visual environments simplify the configuration and deployment of these applications. |
|
Amdocs |
Amdocs Network Data Analytics Function (NWDAF) for 5G |
NWDAF gathers information from the 5G core and furnishes analytics to facilitate network automation, closed-loop operations, self-healing, experience enhancement, and reporting. NWDAF contributes to the automation of network processes, providing optimization, cost efficiency, and resource management to meet SLAs and uphold quality-of-service commitments. By employing intelligent modeling on carefully processed data streams and assimilated statistics, it encompasses a diverse range of analytics capabilities, spanning from threshold-triggered to more advanced algorithm-based analytics. |
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Market Size Value in 2022 | US$894.355 million |
| Growth Rate | CAGR during the forecast period |
| Base Year | 2022 |
| Forecast Period | 2023 – 2028 |
| Forecast Unit (Value) | USD Million |
| Segments Covered | Deployment, Component, and Geography |
| Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Companies Covered | Enea, ALEPO, Amdocs, HPE, Hong Kong Applied Science and Technology Research Institute Company Limited (ASTRI) |
| Customization Scope | Free report customization with purchase |
SEGMENTATION
The 5G data management market has been analyzed through the following segments: