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

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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.

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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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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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