5G Data Management Market Size, Share, Opportunities, And Trends By Deployment (UDM, AUSF, UDR, UDSF), By Component (Software, Services), And By Geography - Forecasts From 2024 To 2029

The 5G data management market was estimated at US$894.355 million in 2022.

GROWTH DRIVERS

• Advancement of 5G and Growing Telecom Industry

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:

• In India, the total number of telephone connections increased from 93.30 crore in March 2014 to 117.02 crore in October 2022, reflecting a growth of 25.42% during this period. Specifically, mobile connections amounted to 114.4 crore in October 2022.
• Across the entire India region, mobile data usage has surged by over 15 times over the last 5 years, escalating from 0.8 EB per month to 13 EB per month in 2021, and it is anticipated to witness more than a twofold increase in the next 3 years. The expected rise in data traffic presents a substantial opportunity for service providers to capitalize on the efficiency enhancements offered by 5G technology.
• The Cabinet has approved the auction of IMT/5G Spectrum, implementing measures aimed at reducing the cost of conducting business for Telecom Service Providers. The rollout of 5G services was anticipated to be imminent, promising speeds approximately ten times faster than 4G. A substantial spectrum, exceeding 72 GHz, was scheduled for auction, with a duration of 20 years.

Market Innovations in 5G Data Management Sector

• In February 2023, Nokia introduced AVA Customer and Mobile Network Insights, a cloud-native analytics software solution designed to streamline the gathering and analysis of 5G network data. This aims to offer communication service providers (CSPs) enhanced and more cost-effective analytical capabilities.
• In June 2021, Guavus introduced a 5G Core Network Analytics Product aimed at assisting operators in addressing the complexity of 5G and enabling the delivery of new 5G services. The product includes a comprehensive, 3GPP-compliant NWDAF implementation capable of collecting all 3GPP data types. It also supports statistical and predictive analytics processing as outlined in the use cases defined in 3GPP Release 16.
• In September 2023, Siemens launched an in-house-developed private 5G infrastructure for industrial users, allowing industrial companies to establish their local 5G networks tailored for optimal support in automation applications. Siemens emphasized that industrial companies initiated the next phase of connected production by creating their private 5G networks. Applications such as mobile robots, autonomous logistics, and driverless transport systems in factories heavily relied on 5G. With a private 5G infrastructure, users had exclusive control over their 5G network data, enabling them to custom-configure the network to suit their applications.

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:

5G Data Management Market Scope:

SEGMENTATION

The 5G low-loss material market has been analyzed through the following segments:

• By Deployment
  • UDM
  • AUSF
  • UDR
  • UDSF
• By Component
  • Software
  • Services
• By Geography
  • Americas
    • USA
    • Others
  • EMEA
    • Germany
    • UK
    • Others
  • APAC
    • China
    • Japan
    • South Korea
    • Others