#Virtual Evolved Packet Core (vEPC) Market

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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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The Growing Virtualized Evolved Packet Core (vEPC) Market: Driving Next-Gen Connectivity

The Virtualized Evolved Packet Core (vEPC) Market was valued at USD 8.1 billion in 2023 and will surpass USD 23.5 billion by 2030; growing at a CAGR of 16.4% during 2024 - 2030. At the heart of this transformation is the Evolved Packet Core (EPC), the core network architecture for LTE (Long-Term Evolution) and 4G networks. However, as the demand for data grows and the transition to 5G accelerates, traditional EPC systems are struggling to keep up. Enter the Virtualized Evolved Packet Core (vEPC) – a next-generation solution that is redefining how networks are built and managed.

Understanding vEPC

Virtualized Evolved Packet Core (vEPC) refers to the deployment of EPC functions using Network Functions Virtualization (NFV) technology. In a traditional EPC, network functions like the Serving Gateway (SGW), Packet Data Network Gateway (PGW), and Mobility Management Entity (MME) are implemented on dedicated hardware. In contrast, vEPC decouples these functions from physical hardware, allowing them to run as software instances on standard, off-the-shelf servers in a virtualized environment.

This shift to virtualization brings numerous benefits, including improved flexibility, scalability, and cost-efficiency. By leveraging NFV, service providers can dynamically allocate resources based on demand, scale their networks quickly, and reduce capital and operational expenditures. This makes vEPC an essential component in the evolution towards 5G networks and beyond.

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Market Growth Drivers

The vEPC market is experiencing robust growth, driven by several key factors:

5G Rollout: As 5G networks become more widespread, the need for scalable and flexible core network solutions is paramount. vEPC provides the necessary foundation for 5G by enabling faster deployment, efficient resource utilization, and the ability to support diverse use cases, from enhanced mobile broadband to massive IoT connectivity.

Increased Data Traffic: The exponential growth in mobile data traffic, fueled by video streaming, social media, and IoT applications, is putting immense pressure on traditional network infrastructures. vEPC allows service providers to handle this surge in data traffic more effectively, ensuring seamless connectivity and improved user experiences.

Cost Efficiency: Virtualization reduces the need for expensive, proprietary hardware, enabling service providers to lower their capital and operational expenditures. Additionally, the ability to scale resources up or down based on demand helps in optimizing network costs, making vEPC a more cost-effective solution compared to traditional EPC.

Network Slicing: A key feature of 5G is network slicing, which allows operators to create multiple virtual networks on a single physical infrastructure, each tailored to specific applications or services. vEPC plays a critical role in enabling network slicing by providing the flexibility and agility needed to create and manage these virtual networks efficiently.

Rapid Time-to-Market: In today’s fast-paced environment, the ability to launch new services quickly is crucial for staying competitive. vEPC enables service providers to reduce the time-to-market for new services by streamlining network deployment and management processes.

Market Challenges

While the vEPC market presents significant opportunities, it also faces challenges that could impact its growth:

Interoperability Issues: As vEPC involves integrating various network functions from different vendors, ensuring interoperability can be challenging. Service providers must carefully select compatible solutions to avoid integration issues that could lead to network performance degradation.

Security Concerns: Virtualized environments can be more vulnerable to security threats compared to traditional hardware-based systems. Ensuring robust security measures are in place is critical to protect sensitive data and maintain network integrity.

Skills Gap: The transition to virtualized networks requires new skill sets that may not be readily available within existing telecom teams. Investing in training and upskilling is necessary to fully leverage the benefits of vEPC.

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The Future of vEPC

Looking ahead, the vEPC market is poised for continued growth as more service providers embrace virtualization and move towards 5G. The flexibility, scalability, and cost-efficiency offered by vEPC will be key to supporting the diverse and demanding use cases of future networks. As the technology matures, we can expect further innovations in areas such as automation, orchestration, and edge computing, all of which will enhance the capabilities of vEPC and drive its adoption.

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Automatic Identification and Data Capture Market: Dissecting the Factors Steering Growth and Potential Risks

Automatic Identification and Data Capture Market provides in-depth analysis of the market state of Automatic Identification and Data Capture manufacturers, including best facts and figures, overview, definition, SWOT analysis, expert opinions, and the most current global developments. The research also calculates market size, price, revenue, cost structure, gross margin, sales, and market share, as well as forecasts and growth rates. The report assists in determining the revenue earned by the selling of this report and technology across different application areas.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Automatic Identification and Data Capture in these regions till the forecast period

North America

Middle East and Africa

Asia-Pacific

South America

Europe

Key Attentions of Automatic Identification and Data Capture Market Report:

The report offers a comprehensive and broad perspective on the global Automatic Identification and Data Capture Market.

The market statistics represented in different Automatic Identification and Data Capture segments offers complete industry picture.

Market growth drivers, challenges affecting the development of Automatic Identification and Data Capture are analyzed in detail.

The report will help in the analysis of major competitive market scenario, market dynamics of Automatic Identification and Data Capture.

Major stakeholders, key companies Automatic Identification and Data Capture, investment feasibility and new market entrants study is offered.

Development scope of Automatic Identification and Data Capture in each market segment is covered in this report. The macro and micro-economic factors affecting the Automatic Identification and Data Capture Market

Advancement is elaborated in this report. The upstream and downstream components of Automatic Identification and Data Capture and a comprehensive value chain are explained.

Browse More Details On This Report at @https://www.globalgrowthinsights.com/market-reports/automatic-identification-and-data-capture-market-100569

 Global Growth Insights

Web: https://www.globalgrowthinsights.com

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Virtualized Evolved Packet Core (vEPC) Market Trends, Size, Share, Growth, Industry Analysis, Advance Technology and Forecast 2028

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[bhavanameti]

[bhavanameti]

Virtualized Evolved Packet Core Market Projected to Reach $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.’

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. Additionally, increasing investments in 5G technology, the rising adoption of cloud-native 5G core solutions, and the growing use of IoT technology present substantial growth opportunities for market players. Challenges such as the reliability of vEPC solutions and misconceptions about them remain, while the integration of edge computing with vEPC technology is emerging as a prominent trend.

Market Segmentation

By Component:

Solutions and Services: In 2024, the solutions segment is expected to account for the larger share of the market, driven by the need to reduce OPEX and CAPEX, increasing mobile data traffic, and the benefits of vEPC, including agility, flexibility, scalability, and low-latency delivery. For instance, in December 2022, T-Mobile USA, Inc. collaborated with Cisco Systems, Inc. to launch a cloud-native converged core gateway, enhancing performance by over 10% in speed and latency. The services segment is expected to register the higher CAGR due to the growing need for vEPC consulting, solution development, and maintenance.

By Application:

MPN & MVNO, LTE & VoLTE, and IoT & M2M: In 2024, the MPN & MVNO segment is expected to hold the largest share, attributed to the increasing penetration of mobile devices, rising demand for low-cost mobile services, and high-speed internet connectivity. The IoT & M2M segment is expected to register the highest CAGR, driven by the need for remote monitoring of devices, autonomous decision-making, and control of real-world objects.

By Deployment Mode:

On-Premise and Cloud-Based Deployments: In 2024, the on-premise deployments segment is expected to account for the larger share due to large enterprises' preference for on-premise vEPC solutions for greater control. The cloud-based deployments segment is expected to register the higher CAGR due to benefits like easy maintenance, cost-effectiveness, scalability, and the growing demand for cloud-based vEPC.

By End User:

Telecom Operators, Enterprises, and Others: In 2024, the telecom operators segment is expected to hold the largest share, driven by the adoption of vEPC solutions to improve latency, IT agility, speed, and bandwidth connectivity. This segment is also expected to register the highest CAGR, supported by initiatives to reduce OPEX and CAPEX.

Geographical Analysis

North America: Expected to hold the largest market share in 2024, driven by the adoption of vEPC solutions to enhance network infrastructure, the proliferation of advanced networking technologies, and government support for 5G infrastructure development. For instance, in December 2021, Ericsson partnered with Nex-Tech Wireless to launch 5G capabilities in Kansas.

Asia-Pacific: Expected to register the highest CAGR, driven by increasing mobile subscribers, growing mobile data traffic, adoption of network function virtualization solutions, and the deployment of 5G-ready cloud core solutions. For example, in August 2021, Asia-Pacific Telecom Co Ltd selected Ericsson to modernize Taiwan's LTE network with 5G NSA technology.

Key Players

Key players in the virtualized evolved packet core market include Cisco Systems, Inc. (U.S.), Telefonaktiebolaget Lm Ericsson SE (Sweden), Huawei Technologies Co., Ltd. (China), Samsung Electronics Co., Ltd. (South Korea), Nokia Corporation (Finland), Affirmed Networks (a subsidiary of Microsoft Corporation) (U.S.), Mavenir Systems, Inc. (U.S.), ZTE Corporation (China), F5 Inc. (U.S.), NEC Corporation (Japan), IPLOOK Networks Co., Limited (Hong Kong), Parallel Wireless, Inc. (U.S.), Polaris Networks (a subsidiary of Motorola Solutions, Inc.) (U.S.), Athonet S.r.l. (a subsidiary of Hewlett Packard Enterprise) (Italy), Intel Corporation (U.S.), Tecore Networks (U.S.), Lemko Corporation (U.S.), and Metaswitch Networks Ltd (a subsidiary of Microsoft Corporation) (U.K.).

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Key Questions Answered in the Report:

Which are the high-growth market segments in terms of component, application, deployment mode, and end user?

What is the historical market size for the global virtualized evolved packet core market?

What are the market forecasts and estimates for 2024–2031?

What are the major drivers, restraints, opportunities, challenges, and trends in the global virtualized evolved packet core market?

Who are the major players in the global virtualized evolved packet core market, and what are their market shares?

What is the competitive landscape like?

What are the recent developments in the global virtualized evolved packet core market?

What are the different strategies adopted by major market players?

What are the trends and high-growth countries?

Who are the local emerging players in the global virtualized evolved packet core market, and how do they compete with the other players?

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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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