#Virtualized Evolved Packet Core (vEPC) Market Report

[omshinde5145]

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.

[globalgrowthinsights]

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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[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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[emaanderson]

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.

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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.   

[metiresearchinfo]

Virtualized Evolved Packet Core Market Worth $17.05 Billion by 2028 - Exclusive Report by Meticulous Research®

According to a new market research report titled, “Virtualized Evolved Packet Core Market by Component (Solution, Services), Application (LTE & VoLTE, IoT & M2M, MPN & MVNO), Deployment Mode (On-premise, Cloud), End User (Telecom, Enterprises, and Others)– Global Forecast to 2028”, the virtualized evolved packet core market is expected to grow at a CAGR of 23.4% from 2021 to 2028 to reach $17.05 billion by 2028.

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Virtualized evolved packet core (vEPC) is a framework for virtualizing the functions required to converge voice and data on 4G long-term evolution (LTE) networks. vEPC enables communication service providers to reduce cost by moving core network components of the long-term evolution (LTE) network from high-cost dedicated hardware to low-cost commercial off-the-shelf (COTS) servers. Besides, virtualized evolved packet core offers several benefits such as high performance, scalability, reliability, automation, reduce network costs, and low latency delivery of real-time applications.

Several industries and organizations, including telecom players, enterprises, and network service providers, are deploying this technology worldwide on a considerable scale. Rising demand for commercialization of 5G network, IoT deployment, need to reduce operational expenditure (OPEX) and capital expenditure (CAPEX), increasing mobile subscriber and agile network are the key factors driving the growth of the virtualized evolved packet core market. However, the growing number of security concerns across the network infrastructure and the COVID-19-induced global economic downturn are expected to pose serious challenges to the growth of the virtualized evolved packet core market.

Impact of COVID-19 on the Virtualized Evolved Packet Core Market

The COVID-19 pandemic has disrupted businesses and supply chains across the globe. The pandemic claimed millions of lives and severely affected several economies globally. Thus, several organizations' plans to incorporate virtualized evolved packet core have been delayed, negatively affecting the growth of the virtualized evolved packet core market. Delayed 5G deployments across several countries have further affected various sectors’ decisions to incorporate virtualized evolved packet core. For instance, in March 2020, 3GPP, the global association developing the 5G technology, announced a three-month delay in the timeline for completing 5G specifications due to COVID-19. Furthermore, India, a major market for 5G in Asia, has also canceled the auction of the 5G spectrum in June 2020 due to the pandemic and postponed it to 2021. Such delayed releases have slowed down the commercial development of virtual evolved packet core solutions and 5G deployments.

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However, several major players operating in the virtualized evolved packet core market are focused on bringing the market back on track. Companies are introducing new and affordable packages for several end-use verticals to attract new customers. Besides, stimulus packages announced by local governments across the world are also expected to help industries recover from this economic downturn. Virtualized evolved packet core plays a significant role in telecom sectors. The technology facilitates IoT, M2M, wireless broadband, and automation and LTE-advanced (LTE-A) networks. Such applications have helped the virtualized evolved packet core market sustain during the COVID-19 crisis.

Key Findings in Virtualized Evolved Packet Core Market

The virtualized evolved packet core market is segmented on the basis of component (solutions and services), application (LTE, VoLTE, IoT & M2M, and MPN & MVNO), deployment mode (On-premise and cloud-based), end user (telecom, enterprises, and others), and geography. The study also evaluates industry competitors and analyses the market at a country level.

Based on component, the solutions segment is expected to emerge as the largest segment in the overall virtualized evolved packet core market in 2021. The large share of this segment is mainly attributed to the increasing need to reduce OPEX and CAPEX, growing mobile data traffic volume, rising demand for high-speed and large network coverage, and the growing use of network virtualization. Also, the benefits of virtualized evolved packet core technology, such as enhanced business agility, flexibility, scalability, automation, reduce network costs, and low-latency delivery of real-time applications, further augment the growth of this segment. However, the services segment is expected to record the fastest growth over the forecast period due to the wide adoption of vEPC services across the telecom sector.

Based on the deployment mode, the virtualized evolved packet core market is segmented into on-premise and cloud-based. In 2021, the on-premise segment is expected to command the largest share of the overall virtualized evolved packet core market due to greater control over virtualized evolved packet core network infrastructure offered by on-premise solutions. On the other hand, the cloud-based segment is expected to grow at the highest CAGR during the forecast period. The growing sophistication in cloud deployments, increasing use of cloud networks, and superior flexibility are the key factors driving the growth of this segment.

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Based on application, the MPN and MVNO segment is expected to command the largest share of the overall virtualized evolved packet core market in 2021. The large share of this segment is mainly attributed to the rising penetration of mobile devices and demand for low-cost mobile services, increasing demand for high-speed internet connectivity, and the rising demand for improved voice, video, and mobile internet. However, the IoT and M2M segment is expected to record the fastest growth over the forecast period.

Geographically, the North American region is expected to command the largest share of the global virtualized evolved packet core market in 2021. The presence of prominent players offering advanced virtualized evolved packet core solutions and services to various sectors in the region, is one of the major factors driving the growth of this regional segment. The vEPC market growth is attributed to the expansion of LTE and LTE-advanced (LTE-A) networks in the region. Telecom operators in the region are rolling out new applications, such as IoT, M2M, and wireless broadbands, using vEPC solutions on their networks. Furthermore, favorable government initiatives across the region and investments by major virtualized evolved packet core companies are further accelerating the growth of this regional segment.

However, Asia-Pacific region is expected to witness rapid growth 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 China, South Korea, Australia, Singapore, Japan, and India, and the increasing deployment of 4G and 5G networks present huge opportunities for implementing vEPC solutions.

The report also includes an extensive assessment of the key strategic developments adopted by the leading market participants in the industry over the past four years. The virtualized evolved packet core market has witnessed several product launches in recent years. For instance, in October 2020, Samsung Electronics. Co. Ltd., launched its Compact Core Solution, which helps enable the swift deployment and efficient operation of private 4G and 5G networks for enterprises.

The global virtualized evolved packet core market is consolidated and dominated by few major players, namely ZTE Corporation (China), Cisco Systems, Inc. (U.S.), Telefonaktiebolaget LM Ericsson SE (Sweden), Affirmed Networks, Inc. (U.S.), Mavenir Systems, Inc. (U.S.), Huawei Technologies Co., Ltd. (China), Samsung Electronics Co, Ltd. (South Korea), Tecore Inc. (U.S.), Nokia Corporation (Finland), Parallel Wireless, Inc. (U.S.), F5 Networks, Inc. (U.S.), NEC Corporation (Japan), IPLOOK Technologies Co Ltd (China), Polaris Networks (U.S.), Athonet SRL (Italy), LEMKO Corporation (U.S.), Metaswitch Networks (U.K.), and Intel Corporation (U.S.) among others.

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Scope of the Report

Virtualized Evolved Packet Core Market, by Component                      

Solutions

Services

Mobility Management Entity (MME)

Home Subscriber Server (HSS)

Serving Gateway (SGW)

Packet Data Network Gateway (PDNGW)

Policy and Changing Rule Function

Professional Services

Managed Services    

Consulting services

System Integration Services

Training and Support Services

Virtualized Evolved Packet Core Market, by Application

MPN and MVNO

IoT and M2M

LTE and VoLTE

Virtualized Evolved Packet Core Market, by Deployment Mode

On-premise

Cloud-based

Virtualized Evolved Packet Core Market, by End User                

Telecom Companies

Enterprises

Other End Users

Financial Services

Travel & Consumers

IT & Software

Media & Entertainment

Healthcare

Other Enterprises

Virtualized Evolved Packet Core Market, by Geography

North America

Europe

Asia-Pacific

Latin America

Middle East & Africa

U.S.

Canada

U.K.

Germany

France

Italy

Spain

Netherlands

Norway

Sweden

Rest of Europe

China

South Korea

Japan

India

Malaysia

Singapore

Australia and New Zealand

Rest of Asia-Pacific

Brazil

Mexico

Rest of Latin America

Saudi Arabia

UAE

Israel

Rest of MEA

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[marketsnmarkets39]

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.

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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).

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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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Market Highlights Market Research Future (MRFR) has revealed in its latest study that the global Virtualized Evolved Packet Core Market Research is set to proliferate exponentially