The number of global 5G subscriptions will surge from 934 million in 2022 to 3.1 billion in 2027 at a Compound Annual Growth Rate (CAGR) of 27 percent, according to the latest study from ABI Research. In turn, 5G traffic is forecast to increase from 293 Exabytes (EB) in 2022 to 2,515 EB in 2027, at a CAGR of 54 percent, driven in part by a fast growing 5G Core (5GC) market.

In its report, the researcher noted that more than 35 5GC networks are already operating in 5G standalone (SA) mode. 5GC is expected to lead to a growth in devices connected to the network and the traffic routed through it, enabling operators to monetise further existing cellular connectivity for traditional mobile broadband use cases while expanding cellular capabilities in new domains. 

In that regard, 5GC offers innovation potential for telcos to establish new operating models for growth outside of the consumer domain. In contrast with 3G and 4G, 5GC presents CSPs with what the researcher describes as a “fluid and dynamic landscape”, guiding the industry into edge deployments and topologies.

The report adds that CSPs may be better equipped to drive sustained value creation if they learn to build their value proposition, starting from enterprise and industrial edge and extending to core networks.

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