#Virtual Evolved Packet Core (vEPC) Market Opportunities

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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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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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Virtual Evolved Packet Core (vEPC) Market Current Trends Key Players and Analysis Till 2035

Research Nester published a report titled “Virtual Evolved Packet Core (vEPC) Market: Global Demand Analysis & Opportunity Outlook 2035” which delivers detailed overview of virtual evolved packet core (vEPC) in terms of market segmentation by component, deployment type, application, end user, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The wider use of smart and more data-intensive devices have increased the demand for seamless high-quality network service. There is a rapid rise in the number of LTE subscribers around the world. More than 85% of the world population had access to 4G network in 2020. vEPC was introduced for 4G LTE network to provide enhanced connectivity. Driven by these factors, the global virtual evolved packet core (vEPC) market is estimated to generate a revenue of USD 21 Billion by 2035. The market is estimated to attain a CAGR of ~24% over the forecast period, i.e., 2023 – 2035. The market is segmented by component into solutions and services, out of which, the solutions segment is expected to hold the leading share over the forecast period owing to increasing deployment of vEPC solutions to cater the growing demand for high-speed data networks.

In Q4 2021, USA current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. On the other hand, annual inflation rate in the country hit 8.5%. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and some signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches to peak 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point, pushing consumers to spend less on the products and services and save more.

On the other hand, the worst is expected to be seen in the European countries especially during 2022 winters. The energy and gas crises has already started grappling the region where in many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage, created by Russian-Ukraine conflict.

Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.

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Geographically, the global virtual evolved packet core (vEPC) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region, out of which, North America holds the largest market share and is projected to grow at a significant rate, followed closely by Europe. Additionally, the market in Asia-Pacific is estimated to witness fastest growth during the forecast period.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Growing Adoption of 5G Network to Boost Market Growth

5G networks are expected to be the next big leap in mobile networks infrastructure. While existing 4G LTE technology is sufficient for the majority of IoT applications, the high-speed, high-capacity, low-latency of 5G networks will meet the demands of increasing data-intensive applications. By 2025, approximately 25% of the total mobile connections worldwide is expected to be on a 5G network. Virtual evolved packet core (vEPC) will play an integral part in the ongoing development with 5G network. These factors are fostering the growth of the global vEPC market market.

Request a Sample Copy of Concerned Market Report @ https://www.researchnester.com/sample-request-4131

However, the reluctance to transition from legacy infrastructure and compete with virtualization is retraining the growth of the market. Moreover, the lack of awareness and resources to switch over to virtualization, and the significant amount of expenses are further expected to operate as barriers to the growth of global vEPC market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global virtual evolved packet core (vEPC) market which includes company profiling of Cisco Systems, Inc., Telefonaktiebolaget LM Ericsson, Nanjing ZTE software Co. Ltd., Nokia Corporation, Huawei Technologies Co., Ltd., Affirmed Networks, Mavenir Systems, Inc., Samsung Electronics Co., and others.

The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global virtual evolved packet core (vEPC) market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.   

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Research Nester published a report titled “Virtual Evolved Packet Core (vEPC) Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of virtual evolved packet core (vEPC) in terms of market segmentation by component, deployment type, application, end user, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The wider use of smart and more data-intensive devices have increased the demand for seamless high-quality network service. There is a rapid rise in the number of LTE subscribers around the world. More than 85% of the world population had access to 4G network in 2020. vEPC was introduced for 4G LTE network to provide enhanced connectivity. Driven by these factors, the global virtual evolved packet core (vEPC) market is estimated to generate a revenue of USD 21 Billion by 2031. The market is estimated to attain a CAGR of ~24% over the forecast period, i.e., 2022 – 2031. The market is segmented by component into solutions and services, out of which, the solutions segment is expected to hold the leading share over the forecast period owing to increasing deployment of vEPC solutions to cater the growing demand for high-speed data networks.

Download Sample of This Strategic Report @ https://www.researchnester.com/sample-request-4131

Geographically, the global virtual evolved packet core (vEPC) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region, out of which, North America holds the largest market share and is projected to grow at a significant rate, followed closely by Europe. Additionally, the market in Asia-Pacific is estimated to witness fastest growth during the forecast period.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Growing Adoption of 5G Network to Boost Market Growth

5G networks are expected to be the next big leap in mobile networks infrastructure. While existing 4G LTE technology is sufficient for the majority of IoT applications, the high-speed, high-capacity, low-latency of 5G networks will meet the demands of increasing data-intensive applications. By 2025, approximately 25% of the total mobile connections worldwide is expected to be on a 5G network. Virtual evolved packet core (vEPC) will play an integral part in the ongoing development with 5G network. These factors are fostering the growth of the global vEPC market market.

Request a Sample Copy of Concerned Market Report @ https://www.researchnester.com/sample-request-4131

However, the reluctance to transition from legacy infrastructure and compete with virtualization is retraining the growth of the market. Moreover, the lack of awareness and resources to switch over to virtualization, and the significant amount of expenses are further expected to operate as barriers to the growth of global vEPC market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global virtual evolved packet core (vEPC) market which includes company profiling of Cisco Systems, Inc., Telefonaktiebolaget LM Ericsson, Nanjing ZTE software Co. Ltd., Nokia Corporation, Huawei Technologies Co., Ltd., Affirmed Networks, Mavenir Systems, Inc., Samsung Electronics Co., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global virtual evolved packet core (vEPC) market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.   

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TOP 10 COMPANIES IN VIRTUALIZED EVOLVED PACKET CORE MARKET

The Virtualized Evolved Packet Core Market is expected to grow at a CAGR of 23.4% from 2021 to 2028 to reach USD 17,058.2 million by 2028 from an estimated USD 3,913.6 million in 2021.

The steady growth of the virtualized evolved packet core market is mainly attributed to the growing mobile data traffic volume, increasing need to reduce operational expenditure (OPEX) and capital expenditure (CAPEX), IoT deployment, agile networks, and increasing demand for broadband services over mobile networks. Furthermore, the increasing adoption of cloud-native 5G core and growing investment in 5G network is creating new growth opportunities for vendors in the virtualized evolved packet core market. However, the growing security risks associated with virtualized evolved packet core infrastructure and lack of awareness about virtualized evolved packet core solutions pose serious challenges to the adoption of virtualized evolved packet core solutions.

Here are the top 10 companies operating in the Virtualized Evolved Packet Core (vEPC) Market –

Cisco Systems, Inc.

Cisco Systems, Inc. (Cisco) designs and sells a broad range of technologies that power the Internet. Across networking, security, collaborations, applications, and the cloud, its intent-based technologies continuously learn and adapt to provide customers with highly secure, intelligent platforms for their digital businesses. The company operates through five business segments, namely, Infrastructure Platforms, Services, Applications, Security, and Other Products.

The company offers advanced technologies, such as IP, security, home networking, optical networking, storage area networking, and wireless portals. With its subsidiaries and a strong distribution network, the company has a presence across the Americas, EMEA, and APJC. Some of its subsidiaries are Cisco WebEx, Inc. (U.S.), OpenDNS (U.S.), and BroadSoft, Inc. (U.S.).

Telefonaktiebolaget LM Ericsson SE

Telefonaktiebolaget LM Ericsson SE (Ericsson) is a multinational networking and telecommunications company. It is a leader in 4G and 5G mobile technologies and provides support for networks. The company operates through four business segments, namely, Networks, Digital Services, Managed Services, and Emerging Business and Other. The company’s virtual evolved packet core portfolio comprises mobile and fixed network infrastructure, telecom services, and broadband & multimedia solutions for operators, enterprises, and the media industry.

With its subsidiaries and a strong distribution network, the company has a presence across North America, Europe & Latin America, the Middle East & Africa, Northeast Asia, Southeast Asia, Oceania, and India. Some of its subsidiaries are Ericsson-LG (South Korea), Ericsson-Nikola Tesla (Croatia), and Cenx, Inc. (U.S.).

Huawei Technologies Co., Ltd.

Huawei Technologies Co., Ltd. (Huawei) is a telecommunication solutions company that offers infrastructure application software and devices with wireline, wireless, and IP technologies. The company operates through four business segments, namely, Carrier Business, Enterprise Business, Consumer Business, and Other. The company’s virtual evolved packet core portfolio comprises enterprise wireless, Cloud Core, carrier networks, telecom services, and enterprise networking solutions for consumers and enterprises.

With its subsidiaries and a strong distribution network, the company has a presence across China, EMEA, APAC, and America. Some of its subsidiaries are Huawei Device Co., Ltd (China), Huawei Machine Co., Ltd (China), and Shanghai Huawei Technologies Co., Ltd (Shanghai).

Affirmed Networks, Inc.

Affirmed Networks, Inc. (Affirmed Networks) is engaged in transforming and advancing intelligence in mobile data networks. The company develops mobile network platforms that provide IoT virtualization, virtual evolved packet core, and virtual probe & analytics solutions. The company’s mobile core capabilities include 5G NR, virtualized DPI, and GiLAN services, optimized IoT access, Wi-Fi and service automation, and cloud-native mobile core solutions. The company has a presence across the U.S., India, the UAE, and Czechia.

In 2020, Microsoft acquired the company for approximately USD 1.35 billion. Microsoft Corporation operates through three business segments, namely Intelligent Cloud, Personal Computing, and Productivity & Business Processes. Affirmed operates under Microsoft’s Intelligent Cloud segment post this acquisition.

Mavenir Systems,Inc.

Founded in 2005 and headquartered in Texas, U.S., Mavenir Systems, Inc. (Mavenir Systems) is a telecommunication software company. The company focuses on accelerating and redefining mobile network economics transformation for communications service providers. The company’s core capabilities are VoLTE, VoWiFi, virtualized evolved packet core, and virtualized RAN.

With its subsidiaries and a strong distribution network, the company has a presence across North America, the Caribbean & Latin America, Europe, the Middle East & Africa, Asia-Pacific, and South Asia. Some of its subsidiaries are Ranzure Networks, Inc. (U.S.), Netonomy, Ltd. (Israel), and Aquto Corporation (U.S.).

Meticulous Research in its latest publication on global Virtualized Evolved Packet Core (vEPC) Market has predicted the growth of 23.4% during the forecast year 2021 to 2028.

Nokia Corporation

Nokia Corporation (Nokia) is a multinational communications company engaged in manufacturing mobile devices, network infrastructure, location-based technologies, and advanced technologies. The company operates through four business segments, namely, Networks, Nokia Software, Nokia Technologies, and Other. Nokia’s virtual evolved packet core business is categorized under the Networks segment.

With its subsidiaries and a strong distribution network, the company has a presence across North America, Europe, Asia-Pacific, Greater China, Latin America, and the Middle East & Africa. Some of its subsidiaries are Nokia Networks (Finland), Alcatel Lucent (France), Scalado (Sweden), and Novarra, Inc. (U.S.).

ZTE Corporation

ZTE Corporation (ZTE) is a telecommunications and networking company that provides wireless communication systems, wireline switch and access equipment, optical and data communications equipment, handsets, and network slicing software and services. The company operates through three business segments, namely Consumer Business, Carrier Networks, and Government and Corporate Business. The company’s virtual evolved packet core portfolio comprises Core networks, mobile and fixed network infrastructure, network automation, 5G services, 5G NFV, and Cloud Core networks.

With its subsidiaries and a strong distribution network, the company has a presence across the PRC, Europe, the Americas, Oceania, and Africa. Some of its subsidiaries are Double Fine Productions, Inc. (U.S.), GitHub, Inc. (U.S.), Mojang (Sweden), and Skype (U.S.).

F5 Networks , Inc.

F5 Networks, Inc. (F5 Networks) is a networking company and a leader in delivering networking technology for web applications. The company operates through two business segments, namely, Products and Services. The company’s virtual evolved packet core portfolio comprises SGI, virtual application delivery controllers, diameter signaling, and IMS networks.

With its subsidiaries and a strong distribution network, the company has a presence across the Americas, EMEA, and AsiaPacific. Some of the company’s subsidiaries are Volterra, Inc. (U.S.), NGINX, Inc. (U.S.), and Versafe Ltd. (Israel).

NEC Corporation

NEC Corporation is a multinational information technology and electronics company engaged in manufacturing and distributing computer peripherals and IT infrastructure and networking products. The company operates through six business segments, namely Public Solutions Business, Public Infrastructure Business, Enterprise Business, Network Services Business, Global Business, and Others. The company’s virtual evolved packet core portfolio comprises core networks, mobile and fixed network infrastructure, and 5G Core & LTE networks.

With its subsidiaries and a strong distribution network, the company has a presence across North America, EMEA, Latin America, Asia, and Oceania. Some of its subsidiaries are Avaloq (Switzerland), NEC Solution Innovators (Japan), Netcracker Technology Corporation (U.S.), and ABeam Consulting Ltd. (Japan).

IPLOOK Technologies Co., Ltd.

Founded in 2012 and headquartered in Hong Kong, China, IPLOOK Technologies Co., Ltd (IPLOOK) is a leading software company offering flexible development of 3G/4G/5G Core networks, customized services, and end-to-end mobile core solutions.

The company has developed a mobile core network platform that provides E2E Mobile Core Solutions, 5G Core networks, and IP multimedia subsystems (IMS). The company has its presence across China and Southeast Asia.

Popular Mentions: Parallel Wireless, Inc., Polaris Networks, Athonet srl, Samsung Electronics Co., Ltd., Intel Corporation, LEMKO Corporation, Tecore, Inc., and Metaswitch Networks

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Authoritative Research on the Virtualized Evolved Packet Core Market – Global Opportunity Analysis and Industry Forecast (2021-2028)

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Virtualized Evolved Packet Core Market Size, Growth, Trends and Forecast Analysis Report Till, 2026

The report "Virtualized Evolved Packet Core Market by Component (Solutions and Services(Professional and Managed)),Deployment Model (Cloud, On-premises),Network Type(4G and 5G) End User(Telecom operators, Enterprises)and Region - Global Forecast to 2026", size is expected to grow from USD 3.9 billion in 2020 to USD 13.7 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 22.8% during the forecast period.. The vEPC market is gaining traction due to its cloud native architecture that will improve the modularity of products with  greater emphasize on low latency, and higher bandwidth.The rapid rise in the volume of data being carried by cellular networks has been driven largely by consumer demand for video, and the shift of business toward the use of cloud services. The commercialization of 5G services in enterprises such as private 5G and availability of unlicensed and shared spectrum in the globe are expected to shape the future of the vEPC market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=45409339

Services segment to grow at the highest CAGR during the forecast period

Services play a vital role in the deployment and integration of next-generation networking solutions in an enterprise’s business environment. Services are considered an important component of the vEPC market, as they majorly focus on improving the business processes and optimizing the enterprise’s network. Services are considered as the backbone of vEPC, as they are instrumental in fulfilling the clients’ requirements, such as network testing, planning and optimization, support and maintenance, and consulting.

Cloud mode of deployment is expected to grow at the highest CAGR during the forecast period

Cloud mode of deployment is expected to ehibit a higher CAGR during the forecast period.vEPC is a cloud-native next-generation virtualized core network architecture. With cloud-based technologies, end users can better leverage the business to the cloud or migrate it to the cloud platform for efficient and continuous service capabilities. The deployment of various cloud-based and 5G on-demand slicing solutions using cloud-native thinking and models is bound to accelerate the digital transformation of the entire communications industry.

APAC region to record the highest market share in the vEPC  market in 2020

APAC is expected to grow at the highest CAGR during the forecast period. The region is transforming dynamically with respect to the adoption of new technologies across various sectors. The infrastructural growth in APAC, especially in Japan, South Korea, Australia, Singapore, China, and India, and the increasing deployment of 4G and 5G networks present huge opportunities for the implementation of the vEPC solution. With the increasing adoption of technologies, such as VR and AR as well as the IoT, the content will become even more data-intensive, which will demand seamless network connectivity and coverage and would present a huge opportunity for the vEPC market in the region.

Key and innovative vendors in the vEPC market include Nokia (Finland), Ericsson (Sweden), Cisco(US), Huawei (China), ZTE (China), Samsung (South Korea), Affirmed Networks(US), Mavenir(US), NEC(Japan), Athonet(Italy), Cumcore(Finland), Druid Software(Ireland),  IPLook (China), Tech Mahindra (India), Parallel Wireless (US), Polaris Networks (US), Xingtera (US), Lemko (US), Tecore(US), and Telrad Networks (Israel).

Browse in-depth TOC on vEPC market @ https://www.marketsandmarkets.com/Market-Reports/virtualized-evolved-packet-core-market-45409339.html

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Virtualized Evolved Packet Core (vEPC) Market by Component (Solutions and Services(Professional and Managed)),Deployment Model (Cloud, On-premises),Network Type(4G and 5G) End User(Telecom operators, Enterprises)and Region - Global Forecast to 2026 published on

https://www.sandlerresearch.org/virtualized-evolved-packet-core-vepc-market-by-component-solutions-and-servicesprofessional-and-manageddeployment-model-cloud-on-premisesnetwork-type4g-and-5g-end-usertelecom-operators.html

Virtualized Evolved Packet Core (vEPC) Market by Component (Solutions and Services(Professional and Managed)),Deployment Model (Cloud, On-premises),Network Type(4G and 5G) End User(Telecom operators, Enterprises)and Region - Global Forecast to 2026

Telecom operators emphasize broadband services over a mobile network

The global virtualized evolved packet core (vepc) market size is expected to grow from USD 3.9 billion in 2020 to USD 13.7 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 22.8% during the forecast period. The vEPC market is gaining traction due to the evolution of cellular network technology, which has offered higher data speeds and lower latency. The vEPC market is gaining traction due to its cloud native and virtual machine based architecture that will improve the modularity of products.

Managed services segment is expected  to grow at the highest CAGR during the forecast period

Managed services in the vEPC market outsource a complete network or a part of it on a proactive management basis to improve the network operations and reduce the organizational expenses. These services outsource solutions related to network security, and storage, desktop, server, hosting, applications, and mobile device management. As the vEPC market is in its initial phase of NSA deployment of 5G network, most vendors are not capable of providing a NSA solution and its associate services to the customers. This enforces them to manage a few of the services from vendors who are experts in providing those to deliver the required services to the customers.

Enterprises  segment to grow at the highest CAGR during the forecast period

Enterprises are undergoing digital transformation across different industries. Businesses are in various stages of implementing new technologies to develop new solutions, improve service delivery, increase operational efficiency, reduce cost, gain competitive advantage, and meet rising customer expectations. 5G will soon make it into the list of technologies enterprise will consider, with NSA 5G solutions that will enable various new industrial applications, such as robotics, big data analytics, IIoT and AR/VR in engineering and design, as well as new ways to provide remote support and training.

Asia Pacific (APAC) region to record the highest growing region in the vEPC market  

APAC has several growing economies, such as China, Australia and Japan, which are expected to register high growth in the vEPC market. These countries have always supported and promoted industrial and technological growth. In addition, they possess a developed technological infrastructure, which is promoting the adoption of vEPC solutions across all industry verticals. The network market in APAC is driven by the growing acceptance of cloud-based solutions, emerging technologies such as the IoT, and big data analytics and mobility. APAC is one of the biggest markets for connected devices

By Company Type: Tier 1 – 35%, Tier 2 – 39%, and Tier 3 – 26%

By Designation: C-level – 55%, Directors – 40%, and Others – 5%

By Region: North America – 38%, Europe – 40%, APAC – 21%, and Rest of the World (RoW)– 1%

This research study outlines the market potential, market dynamics, and major vendors operating in the vEPC market. Key and innovative vendors in the vEPC market include Nokia (Finland),Ericsson (Sweden), Cisco(US), Huawei (China),ZTE (China), Samsung (South Korea), Affirmed Networks(US), Mavenir(US), NEC(Japan), Athonet(Italy), Cumcore(Finland), Druid Software(Ireland), IPLook (China), Tech Mahindra (India), Parallel Wireless (US), Polaris Networks (US), Xingtera (US), Lemko (US), Tecore(US), and Telrad Networks (Israel).

Research coverage

The market study covers the vEPC market across different segments. It aims at estimating the market size and the growth potential of this market across different segments based on components, services, applications, end users, application, and region. The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key benefits of buying the report

The report is expected to help the market leaders/new entrants in this market by providing them information on the closest approximations of the revenue numbers for the overall vEPC market and its segments. This report is also expected to help stakeholders understand the competitive landscape and gain insights to improve the position of their businesses and to plan suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

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Virtualized Evolved Packet Analysis, Opportunities, Forecast, Size, Competitive Analysis

Market Synopsis

As per the analysis by Market Research Future Reports (MRFR), the global virtualized evolved packet market core market is estimated to value USD 11.5 million with an average growth of 50% during the forecast period. Introduction of 5G, IoT, and M2M is one of the significant factors driving the global virtualized evolved packet pore market 2020. The rising technology advancement plays an important factor in market growth. However, the telecom companies have realized that the expanding user base may not be productive in expanding the business. Hence they are innovating strategies that will help in expanding the business and reduce the overall outlay on operations. The telecommunication companies are implementing vEPC to optimize their service quality at the minimalistic price. On the other hand, hesitation in adoption is estimated to be a hindrance to market expansion.

The research performed by MRFR tracks the aftermath of the COVID-19 pandemic. Furthermore, a precise evaluation of factors augmenting and impeding the market in the post-COVID-19 environment has been analyzed. We will provide COVID-19 impact analysis with the report.

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Market Segmentation

The worldwide virtualized evolved packet core market can be segmented on the basis of end-user, component, user cases, deployment, and region.

On the basis of end-user, the worldwide virtualized evolved packet core market can be classified into Telecom operator and Enterprises.

On the basis of component, the worldwide virtualized evolved packet core market can be classified into Solution and Services.

On the basis of use cases, the worldwide virtualized evolved packet core market can be classified into Broadband Wireless Access (BWA), MNO & MVNO, LTE & VoLTE, and IoT & M2M.

On the basis of deployment, the worldwide virtualized evolved packet core market can be classified into On-premise and on cloud.

On the basis of region, the global virtualized evolved packet core market can be classified into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

Regional Analysis

The geographical study of North America, Europe, Asia-Pacific, and the Rest of the World (RoW) has been analyzed. As per the evaluation, the APAC region is anticipated to witness exponential growth during the forecast period. There has been an immense investment in developing the network infrastructure in the region is likely to propel the market. Besides, the increasing ownership of smartphones and fast internet penetration is estimated to expand the market.  The research by MRFR reveals that the North American region is estimated to expand considerably during the forecast period due to the fast adoption of technology in the region. Besides, the presence of a strong telecom network has additionally propelled market expansion. Moreover, the region has the upper hand due to the establishment of key market players. Also, the initiatives taken by the government to provide an efficient network at a faster pace is anticipated to increase the market strength in the region.

Key Players

The major key players of the global virtualized evolved packet core market are Nokia Corporation (Finland), Athonet S.R.L.(Italy), Ericsson AB (Sweden),  Cisco System Inc. (US), NEC Corporation (Japan), Huawei Technologies Co. Ltd. (China),  SAMSUNG (South Korea), Mitel Networks Corporation (US), ZTE Corporation (China), Affirmed Networks (US), and a few others.

Industry News

June 2020

Rakuten, a Japanese based firm, revealed that it would be collaborating with NEC, a Japan-based MNC, to co-develop a containerized, cloud-native 5GCore to allow Stand Alone (SA) mode. This version of 5G with 5GCore will bring the real advantage of 5G into the market. It allows the operator to be more flexible in its service.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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[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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[energycentralmarket]

Global Virtual Evolved Packet Core (vEPC) Market Executive Summary and Analysis, industry trends, the growth rate of key producers by Top Players 2021-2027

Global Virtual Evolved Packet Core (vEPC) Market 2021 by Manufacturers, Regions, Type and Application, Forecast to 2026 is a recent comprehensive market analysis that collectively covers demand factors, market size, forecasts, and trends in the global Virtual Evolved Packet Core (vEPC) market. The report presents the current market conditions and growth prospects. The report is all around made by considering its essential information in the overall global Virtual Evolved Packet Core (vEPC) market. During their study of the market, the authors of the report had concluded that there could be numerous critical segments by both type and application.

The Virtual Evolved Packet Core (vEPC) market report is composed of major as well as secondary players describing their geographic footprint, products and services, business strategies, sales and market share, and recent developments among others. Furthermore, the report highlights the numerous strategic initiatives such as product launches, new business agreements and collaborations, mergers and acquisitions, joint ventures, and technological advancements that have been implemented by the major market players for to firmly establish itself in the Virtual Evolved Packet Core (vEPC) industry.

NOTE: Our report highlights the major issues and hazards that companies might come across due to the unprecedented outbreak of COVID-19.

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The report covers extensive analysis of the key market players in the market, along with their business overview, expansion plans, and strategies. The key players studied in the report include:

Affirmed Networks, Core Network Dynamics, Telrad Networks, Ericsson, Huawei Technologies, Mavenir, ExteNet Systems, Samsung, ZTE, Athonet, Cisco Systems, NEC, Nokia

The scope of the Virtual Evolved Packet Core (vEPC) market report includes a detailed study of the Virtual Evolved Packet Core (vEPC) and regional markets for the Virtual Evolved Packet Core (vEPC) industry. The Virtual Evolved Packet Core (vEPC) market report is segmented by product, application, and region. It shows the market situation and future forecasts. The study also includes important data presented using graphs and tables. The Virtual Evolved Packet Core (vEPC) market report contains information on the competitive outlook, including company profiles of major players in the Virtual Evolved Packet Core (vEPC) market.

Market segment by type, the product can be split into

Cloud Based, On-Premises

Market segment by application, split into:

Telecom Operators, Enterprises

The report checks the market status and the prospect of global and major regions, from angles of players, product regions, and end applications/industries. The objective of this market is to analyze the Virtual Evolved Packet Core (vEPC) market with respect to the type of application, future trends, and growth of the market. Here the report also aims to study the market trends in various regions and countries. The research also concentrates on quantitative data important in ensuring the quality of strategic decisions in visually rich graphics.

Global Virtual Evolved Packet Core (vEPC) market details based on regions:

North America (United States, Canada and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

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Reasons to Purchase This Report:

Market elements situation, alongside development chances of the market in the upcoming years.

Assessments 2021-2028 Virtual Evolved Packet Core (vEPC) Market advancement outlooks with the new inventions and SWOT analysis.

Market division investigation including subjective and quantitative exploration fusing the effect of financial and strategic viewpoints.

Territorial and nation level examination incorporating the demand and supply powers that are affecting the development of the market.

Competitive landscape including the market share of major players, along with the new assessments and strategies adopted by players in the past five years.

Comprehensive organization profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the key players.

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TOP 10 COMPANIES IN VIRTUALIZED EVOLVED PACKET CORE MARKET

The Virtualized Evolved Packet Core Market is expected to grow at a CAGR of 23.4% from 2021 to 2028 to reach USD 17,058.2 million by 2028 from an estimated USD 3,913.6 million in 2021.

The steady growth of the virtualized evolved packet core market is mainly attributed to the growing mobile data traffic volume, increasing need to reduce operational expenditure (OPEX) and capital expenditure (CAPEX), IoT deployment, agile networks, and increasing demand for broadband services over mobile networks. Furthermore, the increasing adoption of cloud-native 5G core and growing investment in 5G network is creating new growth opportunities for vendors in the virtualized evolved packet core market. However, the growing security risks associated with virtualized evolved packet core infrastructure and lack of awareness about virtualized evolved packet core solutions pose serious challenges to the adoption of virtualized evolved packet core solutions.

Here are the top 10 companies operating in the Virtualized Evolved Packet Core (vEPC) Market –

Cisco Systems, Inc.

Cisco Systems, Inc. (Cisco) designs and sells a broad range of technologies that power the Internet. Across networking, security, collaborations, applications, and the cloud, its intent-based technologies continuously learn and adapt to provide customers with highly secure, intelligent platforms for their digital businesses. The company operates through five business segments, namely, Infrastructure Platforms, Services, Applications, Security, and Other Products.

The company offers advanced technologies, such as IP, security, home networking, optical networking, storage area networking, and wireless portals. With its subsidiaries and a strong distribution network, the company has a presence across the Americas, EMEA, and APJC. Some of its subsidiaries are Cisco WebEx, Inc. (U.S.), OpenDNS (U.S.), and BroadSoft, Inc. (U.S.).

Telefonaktiebolaget LM Ericsson SE

Telefonaktiebolaget LM Ericsson SE (Ericsson) is a multinational networking and telecommunications company. It is a leader in 4G and 5G mobile technologies and provides support for networks. The company operates through four business segments, namely, Networks, Digital Services, Managed Services, and Emerging Business and Other. The company’s virtual evolved packet core portfolio comprises mobile and fixed network infrastructure, telecom services, and broadband & multimedia solutions for operators, enterprises, and the media industry.

With its subsidiaries and a strong distribution network, the company has a presence across North America, Europe & Latin America, the Middle East & Africa, Northeast Asia, Southeast Asia, Oceania, and India. Some of its subsidiaries are Ericsson-LG (South Korea), Ericsson-Nikola Tesla (Croatia), and Cenx, Inc. (U.S.).

Huawei Technologies Co., Ltd.

Huawei Technologies Co., Ltd. (Huawei) is a telecommunication solutions company that offers infrastructure application software and devices with wireline, wireless, and IP technologies. The company operates through four business segments, namely, Carrier Business, Enterprise Business, Consumer Business, and Other. The company’s virtual evolved packet core portfolio comprises enterprise wireless, Cloud Core, carrier networks, telecom services, and enterprise networking solutions for consumers and enterprises.

With its subsidiaries and a strong distribution network, the company has a presence across China, EMEA, APAC, and America. Some of its subsidiaries are Huawei Device Co., Ltd (China), Huawei Machine Co., Ltd (China), and Shanghai Huawei Technologies Co., Ltd (Shanghai).

Affirmed Networks, Inc.

Affirmed Networks, Inc. (Affirmed Networks) is engaged in transforming and advancing intelligence in mobile data networks. The company develops mobile network platforms that provide IoT virtualization, virtual evolved packet core, and virtual probe & analytics solutions. The company’s mobile core capabilities include 5G NR, virtualized DPI, and GiLAN services, optimized IoT access, Wi-Fi and service automation, and cloud-native mobile core solutions. The company has a presence across the U.S., India, the UAE, and Czechia.

In 2020, Microsoft acquired the company for approximately USD 1.35 billion. Microsoft Corporation operates through three business segments, namely Intelligent Cloud, Personal Computing, and Productivity & Business Processes. Affirmed operates under Microsoft’s Intelligent Cloud segment post this acquisition.

Mavenir Systems,Inc.

Founded in 2005 and headquartered in Texas, U.S., Mavenir Systems, Inc. (Mavenir Systems) is a telecommunication software company. The company focuses on accelerating and redefining mobile network economics transformation for communications service providers. The company’s core capabilities are VoLTE, VoWiFi, virtualized evolved packet core, and virtualized RAN.

With its subsidiaries and a strong distribution network, the company has a presence across North America, the Caribbean & Latin America, Europe, the Middle East & Africa, Asia-Pacific, and South Asia. Some of its subsidiaries are Ranzure Networks, Inc. (U.S.), Netonomy, Ltd. (Israel), and Aquto Corporation (U.S.).

Meticulous Research in its latest publication on global Virtualized Evolved Packet Core (vEPC) Market has predicted the growth of 23.4% during the forecast year 2021 to 2028.

Nokia Corporation

Nokia Corporation (Nokia) is a multinational communications company engaged in manufacturing mobile devices, network infrastructure, location-based technologies, and advanced technologies. The company operates through four business segments, namely, Networks, Nokia Software, Nokia Technologies, and Other. Nokia’s virtual evolved packet core business is categorized under the Networks segment.

With its subsidiaries and a strong distribution network, the company has a presence across North America, Europe, Asia-Pacific, Greater China, Latin America, and the Middle East & Africa. Some of its subsidiaries are Nokia Networks (Finland), Alcatel Lucent (France), Scalado (Sweden), and Novarra, Inc. (U.S.).

ZTE Corporation

ZTE Corporation (ZTE) is a telecommunications and networking company that provides wireless communication systems, wireline switch and access equipment, optical and data communications equipment, handsets, and network slicing software and services. The company operates through three business segments, namely Consumer Business, Carrier Networks, and Government and Corporate Business. The company’s virtual evolved packet core portfolio comprises Core networks, mobile and fixed network infrastructure, network automation, 5G services, 5G NFV, and Cloud Core networks.

With its subsidiaries and a strong distribution network, the company has a presence across the PRC, Europe, the Americas, Oceania, and Africa. Some of its subsidiaries are Double Fine Productions, Inc. (U.S.), GitHub, Inc. (U.S.), Mojang (Sweden), and Skype (U.S.).

F5 Networks , Inc.

F5 Networks, Inc. (F5 Networks) is a networking company and a leader in delivering networking technology for web applications. The company operates through two business segments, namely, Products and Services. The company’s virtual evolved packet core portfolio comprises SGI, virtual application delivery controllers, diameter signaling, and IMS networks.

With its subsidiaries and a strong distribution network, the company has a presence across the Americas, EMEA, and AsiaPacific. Some of the company’s subsidiaries are Volterra, Inc. (U.S.), NGINX, Inc. (U.S.), and Versafe Ltd. (Israel).

NEC Corporation

NEC Corporation is a multinational information technology and electronics company engaged in manufacturing and distributing computer peripherals and IT infrastructure and networking products. The company operates through six business segments, namely Public Solutions Business, Public Infrastructure Business, Enterprise Business, Network Services Business, Global Business, and Others. The company’s virtual evolved packet core portfolio comprises core networks, mobile and fixed network infrastructure, and 5G Core & LTE networks.

With its subsidiaries and a strong distribution network, the company has a presence across North America, EMEA, Latin America, Asia, and Oceania. Some of its subsidiaries are Avaloq (Switzerland), NEC Solution Innovators (Japan), Netcracker Technology Corporation (U.S.), and ABeam Consulting Ltd. (Japan).

IPLOOK Technologies Co., Ltd.

Founded in 2012 and headquartered in Hong Kong, China, IPLOOK Technologies Co., Ltd (IPLOOK) is a leading software company offering flexible development of 3G/4G/5G Core networks, customized services, and end-to-end mobile core solutions.

The company has developed a mobile core network platform that provides E2E Mobile Core Solutions, 5G Core networks, and IP multimedia subsystems (IMS). The company has its presence across China and Southeast Asia.

Popular Mentions: Parallel Wireless, Inc., Polaris Networks, Athonet srl, Samsung Electronics Co., Ltd., Intel Corporation, LEMKO Corporation, Tecore, Inc., and Metaswitch Networks

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Authoritative Research on the Virtualized Evolved Packet Core Market – Global Opportunity Analysis and Industry Forecast (2021-2028)

Need more information? Meticulous Research®’s new report covers each of these companies in much more detail, providing analysis on the following:

Recent financial performance

Key products

Significant company strategies

Partnerships and acquisitions

Impact of COVID-19

The Comprehensive report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.

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[marketsnmarkets39]

Virtualized Evolved Packet Core Market Size, Growth, Trends and Forecast Analysis Report To, 2026

The report "Virtualized Evolved Packet Core Market by Component (Solutions and Services(Professional and Managed)),Deployment Model (Cloud, On-premises),Network Type(4G and 5G) End User(Telecom operators, Enterprises)and Region - Global Forecast to 2026", size is expected to grow from USD 3.9 billion in 2020 to USD 13.7 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 22.8% during the forecast period.. The vEPC market is gaining traction due to its cloud native architecture that will improve the modularity of products with  greater emphasize on low latency, and higher bandwidth.The rapid rise in the volume of data being carried by cellular networks has been driven largely by consumer demand for video, and the shift of business toward the use of cloud services. The commercialization of 5G services in enterprises such as private 5G and availability of unlicensed and shared spectrum in the globe are expected to shape the future of the vEPC market.

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Services segment to grow at the highest CAGR during the forecast period

Services play a vital role in the deployment and integration of next-generation networking solutions in an enterprise’s business environment. Services are considered an important component of the vEPC market, as they majorly focus on improving the business processes and optimizing the enterprise’s network. Services are considered as the backbone of vEPC, as they are instrumental in fulfilling the clients’ requirements, such as network testing, planning and optimization, support and maintenance, and consulting.

Cloud mode of deployment is expected to grow at the highest CAGR during the forecast period

Cloud mode of deployment is expected to ehibit a higher CAGR during the forecast period.vEPC is a cloud-native next-generation virtualized core network architecture. With cloud-based technologies, end users can better leverage the business to the cloud or migrate it to the cloud platform for efficient and continuous service capabilities. The deployment of various cloud-based and 5G on-demand slicing solutions using cloud-native thinking and models is bound to accelerate the digital transformation of the entire communications industry.

APAC region to record the highest market share in the vEPC  market in 2020

APAC is expected to grow at the highest CAGR during the forecast period. The region is transforming dynamically with respect to the adoption of new technologies across various sectors. The infrastructural growth in APAC, especially in Japan, South Korea, Australia, Singapore, China, and India, and the increasing deployment of 4G and 5G networks present huge opportunities for the implementation of the vEPC solution. With the increasing adoption of technologies, such as VR and AR as well as the IoT, the content will become even more data-intensive, which will demand seamless network connectivity and coverage and would present a huge opportunity for the vEPC market in the region.

Key and innovative vendors in the vEPC market include Nokia (Finland), Ericsson (Sweden), Cisco(US), Huawei (China), ZTE (China), Samsung (South Korea), Affirmed Networks(US), Mavenir(US), NEC(Japan), Athonet(Italy), Cumcore(Finland), Druid Software(Ireland),  IPLook (China), Tech Mahindra (India), Parallel Wireless (US), Polaris Networks (US), Xingtera (US), Lemko (US), Tecore(US), and Telrad Networks (Israel).

Browse in-depth TOC on vEPC market @ https://www.marketsandmarkets.com/Market-Reports/virtualized-evolved-packet-core-market-45409339.html