Revenues for the Mobile Core Network (MCN) market have shown strong growth in the first part of 2021, according to a leading analyst name.
A new report from independent firm Dell’Oro Group has shown the market up 16% year-over-year, for the first quarter of 2021. The 5G Core market reached over 20% in revenue share of the MCN market, a record high.
“This growth rate has been fuelled from buildouts from five commercially deployed nationwide mobile 5G Standalone networks, three in China, one in the US, and one in Western Europe,” stated David Bolan, Research Director at Dell’Oro Group. “The MCN market is poised for higher growth as more 5G SA networks are readying to come on-line. An example comes from Japan, as some of the Japanese service providers are readying their networks for 5G SA. NEC, one of the primary 5G vendors in Japan, ranked fourth among 5G Packet Core vendors in 1Q21, achieving double-digit percent revenue market share.”
Other highlights from the 1Q 2021 Mobile Core Network Report show that investment in 4G Core saw its first double-digit percentage revenue decline year-over-year as more investments go into 5G. IMS Core market growth remains positive as SPs realize they need to move their voice core from circuit switched voice to VoLTE for initial voice services for 5G. Huawei, Ericsson, Nokia, ZTE, and Mavenir are the top vendors for the quarter.