#Mobile Private Network & Mobile Virtual Network Operator (MPN & MVNO)

[bhavanameti]

Virtualized Evolved Packet Core Market Projected to Reach $19.87 Billion by 2031

According to the latest publication from Meticulous Research®, the virtualized evolved packet core (vEPC) market is projected to reach $19.87 billion by 2031, growing at a CAGR of 19.3% from 2024 to 2031. This growth is driven by the significant increase in mobile data traffic volumes and the rising demand for high-speed data services. However, data security risks associated with vEPC infrastructure pose challenges to market growth.

[prajwal-agale001]

In its latest research, Meticulous Research® projects that the global virtualized evolved packet core (vEPC) market will surpass $19.87 billion by 2031, growing at a CAGR of 19.3% between 2024 and 2031. The market expansion is fueled by the soaring volumes of mobile data traffic and the increasing demand for high-speed data services, particularly as 5G networks become more prevalent. However, concerns around data security within vEPC infrastructure pose challenges to this growth.

On the upside, growing investments in 5G technology, the rising shift toward cloud-native 5G core solutions, and the increasing adoption of IoT technology are set to create substantial growth opportunities in the market. Yet, reliability concerns and a lack of awareness around vEPC solutions remain significant obstacles.

Additionally, the integration of edge computing with vEPC technologies is emerging as a key trend, further propelling the market forward.

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Market Segmentation Overview

The virtualized evolved packet core market is broadly segmented by component, application, deployment mode, end user, and geography. The study offers a detailed analysis of industry competitors and regional markets, providing a comprehensive overview of the sector's future trajectory.

Component Analysis

The market is divided into solutions and services. The solutions segment, which includes critical components such as mobility management entities, home subscriber servers, and packet data network gateways, is expected to account for the largest share of the market in 2024. The growing need to reduce both operating and capital expenditures, combined with rising mobile data traffic and the advantages of vEPC solutions—such as agility, scalability, and real-time low-latency application delivery—are driving demand in this segment.

Collaboration among major companies to enhance network performance for both 4G and 5G users is accelerating innovation. A key example is the December 2022 collaboration between T-Mobile USA and Cisco Systems to launch the world’s largest highly scalable cloud-native converged core gateway, significantly improving speed and latency for users.

Conversely, the services segment, which encompasses professional services (such as integration, consulting, and training services) and managed services, is forecasted to experience the highest growth rate during the forecast period. The increasing need for consulting and support services, particularly among telecom operators, is driving this growth.

Application Insights

By application, the vEPC market is segmented into Mobile Private Networks & Mobile Virtual Network Operators (MPN & MVNO), Long-term Evolution (LTE & VoLTE), and Internet of Things & Machine to Machine (IoT & M2M). In 2024, the MPN & MVNO segment is projected to capture the largest market share, driven by the growing penetration of mobile devices, rising demand for affordable mobile services, and the need for high-speed internet connectivity. Companies are increasingly adopting vEPC solutions to enhance LTE and IMS network revenues through cost-effective deployments. For example, in April 2022, Summa Networks partnered with Cirrus Core Networks to offer a fully managed packet core for MNOs and MVNOs.

Meanwhile, the IoT & M2M segment is expected to witness the highest CAGR during the forecast period. The growing need for autonomous monitoring of connected devices and data-driven decision-making processes is driving demand in this segment.

Deployment Mode and End-User Insights

The market is also segmented into cloud-based and on-premise deployments. In 2024, the on-premise segment is forecasted to hold the largest market share, largely due to its ability to offer greater control over network infrastructure, particularly for large enterprises.

However, the cloud-based deployment segment is anticipated to grow at a faster pace, driven by the cost-efficiency, scalability, and superior flexibility offered by cloud-based solutions. The increasing use of cloud networks for vEPC and growing demand for seamless customer data management are key growth drivers for this segment.

Regarding end users, telecom operators are expected to dominate the market, holding the largest share in 2024. The segment’s growth is attributed to the increasing adoption of vEPC solutions by telecom providers to improve latency issues, enhance IT agility, and reduce operational and capital expenditures. Notably, this segment is also forecasted to register the highest growth rate during the forecast period.

Telecom providers are increasingly focusing on improving network performance, bandwidth, and connectivity to stay competitive. For instance, in February 2024, NEC Corporation partnered with NTT DOCOMO to provide a virtualized radio access network (vRAN) for 5G commercial network services, further enhancing DOCOMO’s nationwide 5G infrastructure.

Regional Market Insights

Geographically, North America is expected to lead the virtualized evolved packet core market in 2024, driven by increasing investments in 5G telecom infrastructure, government support for advanced networking technologies, and the widespread adoption of cloud-based services. Recent collaborations, such as the 5G deployment initiative between Ericsson and Nex-Tech Wireless in rural Kansas, highlight the ongoing advancements in North America’s telecom landscape.

Asia-Pacific, however, is set to register the highest CAGR during the forecast period, driven by the region’s expanding mobile subscriber base, rapid growth in mobile data traffic, and increasing deployment of 5G-ready infrastructure. Leading companies are targeting this region for growth, with recent developments such as Asia-Pacific Telecom’s partnership with Ericsson to modernize Taiwan’s LTE network using Ericsson’s 5G NSA solutions.

Key Industry Players

The virtualized evolved packet core market is fiercely competitive, with key players such as Cisco Systems, Telefonaktiebolaget Lm Ericsson, Huawei Technologies, Samsung Electronics, Nokia Corporation, and Microsoft’s Affirmed Networks leading the charge. These companies are focused on strengthening their market positions through strategic partnerships, product launches, and innovative technological solutions.

Other notable players include Mavenir Systems, ZTE Corporation, F5 Inc., NEC Corporation, and Intel Corporation. As the demand for cloud-native solutions and 5G infrastructure continues to grow, these industry leaders are expected to play a pivotal role in shaping the future of the vEPC market.

In conclusion, the global virtualized evolved packet core market is on a robust growth trajectory, fueled by advancements in 5G, IoT, and cloud technologies. As telecom operators and enterprises continue to adopt vEPC solutions, the market is set to experience significant growth, creating new opportunities for innovation and investment.

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[marketsnmarkets39]

vEPC Market Global Demand, Growth, Size and Industry Analysis till 2022

According to a research report "Virtualized Evolved Packet Core Market by Component, Deployment Type (Cloud & On-Premises), End-User (Telecom Operators & Enterprises), Use Case (LTE, Volte, & VoWiFi; BWA, IoT & M2M, MPN & MVNO), and Region - Global Forecast to 2022", published by MarketsandMarkets, the Virtualized EPC market size is expected to grow from USD 968.9 Million in 2017 to USD 7,975.3 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 52.4% during the forecast period. Savings in Capital Expenditure (CapEx) and Operational Expenditure (OpEx), increasing Long-Term Evolution (LTE) mobile subscribers across the globe, and growing network infrastructure across the globe are some of the factors driving the growth of the Virtualized EPC market.

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Telecom operator segment is expected to have a larger market size during the forecast period.

In the end-user segment, the telecom operator is expected to have a larger market size as compared to the enterprise end-user during the forecast period. As telecom operators are facing major challenges such as upgradation of their legacy systems to meet the changing demand of the end-customers, intense competition, high OpEx and CapEx, and lower RoI, they are looking more scalable and cost-effective solutions. This is expected to be the major reason for the rapid adoption of vEPC by the telecom operators.

Internet of things (IoT) and Machine to Machine (M2M) segment is expected to be the fastest growing segment during the forecast period.

Under the use cases segment, the IoT and M2M services segment is expected to grow at the highest CAGR during the forecast period. vEPC has been rapidly deployed in the IoT packet core network by mobile operators. vEPC solution providers are preparing NFV solution for IoT cellular network. Deploying the vEPC solution in IoT core network,  enables operator to  bring superior connectivity for M2M devices and explore new services for customers. IoT and M2M will be the biggest opportunity for vEPC solution providers in the upcoming years owing to the increasing number of deployments done by telecom operators in the North American, APAC, and MEA regions.

North America is expected to have the largest market size; Asia Pacific (APAC) to grow at the highest rate during the forecast period.

North America is expected to hold the largest share in the global Virtualized EPC market during the forecast period. The region is the biggest market for vEPC solution providers due to the presence of big telecom giants. Mobile operators are rolling out new use cases using their networks such as (Internet of Things) IoT, Machine to machine (M2M), and wireless broadbands. The US government has planned to rollout Citizens Broadband Radio Service (CBRS) band for private operators and enterprises in 2018, which will act as a catalyst for the growth of vEPC solution in the enterprises segment.

APAC is expected to grow at the highest CAGR during the forecast period. Mobile operators in the countries such as Japan, South Korea, and China are the early adopters of the vEPC solution. The operators have implemented virtualized network components on their network for Voice over LTE (VoLTE), IoT, and M2M communication. Majority of operators and enterprises in the APAC region are still using traditional EPC solution, which is expected to shift towards vEPC solutions.

Key players in the Virtualized EPC market include Affirmed Networks (US), Ericsson (Sweden), Huawei Technologies (China), Mavenir (US), ZTE Corporation (China), Athonet (Italy), Cisco Systems (US), NEC Corporation  (Japan), Nokia Corporation  (Finland), Samsung (South Korea), and the key innovators includes ExteNet Systems (US), Telrad Networks (Israel), and Core Network Dynamics (Germany).

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[bhavanameti]

[prajwal-agale001]

Virtualized Evolved Packet Core Market: Key Drivers and Challenges

According to the latest publication from Meticulous Research®, the global virtualized evolved packet core market is projected to reach $19.87 billion by 2031, growing at a CAGR of 19.3% from 2024 to 2031. This market growth is driven by the significant increase in mobile data traffic volumes and the rising demand for high-speed data services. However, the data security risks associated with virtualized evolved packet core (vEPC) infrastructure pose a challenge to market growth. The market is expected to benefit from increasing investments in 5G technology, the rising adoption of cloud-native 5G core solutions, and the growing adoption of IoT technology. Yet, the reliability of vEPC solutions and misconceptions about them are significant challenges impacting market growth. The integration of edge computing with vEPC technology is a notable trend in this market.

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The virtualized evolved packet core market is segmented by component into solutions and services. The solutions segment includes mobility management entity, home subscriber server, serving gateway, packet data network gateway, and policy & charging rules function. The services segment includes professional services (integration, consulting, and training & maintenance) and managed services. In 2024, the solutions segment is expected to account for the larger market share, driven by the need to reduce OPEX and CAPEX, the growing mobile data traffic, and the benefits of vEPC such as agility, flexibility, scalability, and low-latency delivery of real-time applications. Collaborations to enhance network performance for 5G and 4G customers further boost this segment.

Based on application, the market is divided into Mobile Private Network & Mobile Virtual Network Operators (MPN & MVNO), Long-term Evolution & Voice over Long-term Evolution (LTE & VoLTE), and Internet of Things & Machine to Machine (IoT & M2M). In 2024, the MPN & MVNO segment is expected to hold the largest market share due to the increasing penetration of mobile devices, demand for low-cost mobile services, and high-speed internet connectivity. The growing adoption of vEPC among MPN & MVNO helps increase LTE and IMS network revenues through fast and cost-effective deployment. Notably, Summa Networks and Cirrus Core Networks have partnered to offer innovative solutions for MNOs and MVNOs.

The market is also segmented by deployment mode into on-premise and cloud-based deployments. In 2024, the on-premise deployments segment is expected to dominate the market due to large enterprises' preference for greater control over their network infrastructure. However, the cloud-based deployments segment is anticipated to register a higher CAGR during the forecast period due to benefits like easy maintenance of customer data, cost-effectiveness, and scalability. The increasing demand for cloud-based vEPC for cloud networks and the superior flexibility of cloud deployments further drive this segment.

Based on end user, the market is segmented into telecom operators, enterprises (including BFSI, IT, travel & consumer, media & entertainment, healthcare, and others), and other end users. In 2024, the telecom operators segment is expected to hold the largest market share, driven by the adoption of vEPC solutions to improve latency issues and enhance IT agility, the need to offer better speed and bandwidth connectivity, and the reduction of operational and capital expenditures. Prominent players in the market are formulating strategies to maximize their shares, as evidenced by NEC Corporation's partnership with NTT DOCOMO for flexible and scalable 5G networks.

Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is expected to hold the largest market share in 2024, attributed to the adoption of vEPC solutions to enhance network infrastructure, the proliferation of advanced networking and communication technologies, the demand for cloud-based services, and government support for 5G infrastructure development. Asia-Pacific is expected to register the highest CAGR due to the increasing number of mobile subscribers, mobile data traffic, adoption of network function virtualization solutions, and deployment of 5G-ready cloud core and NFVI solutions.

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[bhavanameti]

The Virtualized Evolved Packet Core Market Set to Achieve $19.87 Billion by 2031

Meticulous Research®—a leading global market research company, published a research report titled, ‘Virtualized Evolved Packet Core Market by Component (Solutions, Services), Application (LTE, VoLTE, IoT & M2M, MPN & MVNO), Deployment Mode (On-premise, Cloud), End User (Telecom, Enterprises), and Geography - Global Forecast to 2031.’

The latest report from Meticulous Research® projects that the Virtualized Evolved Packet Core Market will reach $19.87 billion by 2031, with a robust CAGR of 19.3% from 2024 to 2031. Market growth is primarily driven by the escalating mobile data traffic volumes and the escalating demand for high-speed data services. However, concerns surrounding data security linked with virtualized evolved packet core infrastructure present hurdles to market expansion. Nonetheless, investments in 5G technology, the uptake of cloud-native 5G core solutions, and the emergence of IoT technology offer avenues for growth. Despite these opportunities, challenges such as vEPC solution reliability and limited awareness impede market progress. Notably, a significant trend is the fusion of edge computing with vEPC technology.

The market is segmented by component, application, deployment mode, and end-user. The solutions segment is poised to lead the market, driven by the imperative to slash OPEX and CAPEX while enhancing network performance. Conversely, services are forecasted to register a higher CAGR due to surging demand for vEPC consulting and solution development. In terms of application, Mobile Private Network & Mobile Virtual Network Operators (MPN & MVNO) spearhead the market, fueled by the escalating demand for high-speed internet connectivity. Meanwhile, the IoT & M2M segment is expected to witness the highest CAGR, fueled by the imperative for remote monitoring and device control.

Geographically, North America is expected to clinch the largest market share, buoyed by the uptake of virtualized evolved packet core solutions to fortify network infrastructure. Nevertheless, Asia-Pacific is primed to register the highest CAGR, driven by factors like the burgeoning mobile subscriber base and the deployment of 5G-ready solutions.

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Key players in the market include Cisco Systems, Inc., Ericsson AB, Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd., among others. The report addresses pivotal questions regarding market segments, historical data, forecasts, drivers, challenges, and recent developments, offering insights into the competitive landscape and emerging players in the market.

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