#Virtualized Evolved Packet Core Market

[prajwal-agale001]

Virtualized Evolved Packet Core (vEPC) Market Landscape: Trends, Opportunities, and Key Industry Players

The Virtualized Evolved Packet Core (vEPC) market stands at the forefront of the telecommunications industry, driven by the burgeoning need for advanced network solutions capable of managing the exponential growth in mobile data traffic and enabling new technology paradigms. Projected to reach $17.05 billion by 2028, the market is expected to experience a robust compound annual growth rate (CAGR) of 23.4% from 2021 to 2028. This growth trajectory is a testament to the vital role vEPC solutions play in optimizing network performance, reducing operational costs, and supporting the transition to next-generation technologies like 5G.

In this comprehensive analysis, we explore the driving forces behind the vEPC market’s expansion, the challenges it faces, and the key players shaping its evolution. We also offer insights into the market’s future outlook and strategic opportunities for stakeholders.

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Market Overview

Definition and Importance of vEPC

Virtualized Evolved Packet Core (vEPC) refers to the virtualization of the Evolved Packet Core (EPC) network architecture, which is a critical component of mobile telecommunications systems. vEPC enables operators to manage their network functions more efficiently by virtualizing network components and leveraging cloud-based solutions. This approach allows for enhanced scalability, flexibility, and cost-effectiveness, essential for handling the increasing volume of mobile data and supporting new services and applications.

The vEPC architecture typically includes several key elements, such as the Serving Gateway (SGW), the Packet Data Network Gateway (PGW), and the Mobility Management Entity (MME). By virtualizing these components, operators can achieve greater operational efficiency, reduce capital and operational expenditures, and improve service delivery.

Drivers of Market Growth

Surge in Mobile Data Traffic

One of the primary drivers of the vEPC market is the unprecedented growth in mobile data traffic. As consumer and enterprise demand for high-speed internet and data-intensive applications increases, telecommunications operators are compelled to adopt advanced network solutions to handle this traffic effectively. vEPC solutions offer the scalability and flexibility needed to accommodate growing data volumes and ensure optimal network performance.

Cost Reduction Imperatives

Reducing operational expenditures (OPEX) and capital expenditures (CAPEX) is a significant motivator for adopting vEPC solutions. Traditional network infrastructures are often costly to maintain and upgrade. By transitioning to virtualized solutions, operators can achieve substantial cost savings through more efficient resource utilization, reduced hardware requirements, and simplified network management.

IoT Deployment

The proliferation of Internet of Things (IoT) devices and applications is another critical factor driving the vEPC market. IoT deployments require robust and scalable network architectures capable of supporting a large number of connected devices and handling diverse data traffic types. vEPC solutions are well-suited to meet these demands, providing the necessary flexibility and performance to support IoT ecosystems.

Demand for Broadband Services

The growing demand for high-speed broadband services over mobile networks is fueling the expansion of vEPC solutions. Consumers and businesses alike are seeking faster and more reliable internet connections, driving operators to invest in advanced network technologies. vEPC solutions enable operators to deliver enhanced broadband experiences by optimizing network performance and increasing capacity.

Adoption of Cloud-Native 5G Core

The transition to cloud-native 5G core architectures is creating new growth opportunities for vEPC vendors. Cloud-native solutions offer improved scalability, agility, and efficiency compared to traditional network architectures. As operators adopt 5G technologies and explore the potential of cloud-native networks, the demand for vEPC solutions that integrate seamlessly with these new architectures is expected to grow.

Challenges Facing the vEPC Market

Security Risks

Despite its advantages, vEPC infrastructure introduces new security challenges. The virtualization of network functions can create vulnerabilities that may be exploited by cyber threats. Ensuring the security of virtualized network components and protecting against potential attacks is a critical concern for operators and vendors alike. Addressing these security risks requires ongoing vigilance and the implementation of robust security measures.

Awareness and Adoption Barriers

A lack of awareness about the benefits and capabilities of vEPC solutions can impede market growth. Many organizations may not fully understand the advantages of virtualization or may be hesitant to invest in new technologies due to concerns about complexity or integration challenges. Educating stakeholders about the benefits of vEPC and demonstrating successful use cases can help overcome these barriers and drive adoption.

Key Players in the vEPC Market

The vEPC market is characterized by the presence of several leading companies, each contributing to the sector's growth through innovation and technology advancements. Below, we provide an overview of some of the key players shaping the vEPC market.

Cisco Systems, Inc.

Company Overview: Cisco Systems, Inc. is a global technology leader specializing in networking, security, collaboration, and cloud solutions. With a comprehensive portfolio spanning multiple business segments, including Infrastructure Platforms, Services, Applications, Security, and Other Products, Cisco is a major player in the vEPC market.

vEPC Offerings: Cisco offers advanced technologies such as IP, security, optical networking, and wireless solutions. The company's vEPC solutions are designed to optimize network performance, enhance scalability, and reduce costs.

Global Presence: Cisco operates across the Americas, EMEA (Europe, the Middle East, and Africa), and APJC (Asia-Pacific and Japan). Its extensive distribution network and subsidiaries, including Cisco WebEx, OpenDNS, and BroadSoft, further bolster its global reach.

Telefonaktiebolaget LM Ericsson SE

Company Overview: Ericsson is a multinational telecommunications company renowned for its leadership in 4G and 5G mobile technologies. The company operates through four segments: Networks, Digital Services, Managed Services, and Emerging Business and Other.

vEPC Offerings: Ericsson's vEPC portfolio includes mobile and fixed network infrastructure, telecom services, and broadband solutions. The company's expertise in mobile technologies positions it as a key player in the vEPC market.

Global Presence: Ericsson has a wide-reaching presence across North America, Europe, Latin America, the Middle East, Africa, Northeast Asia, Southeast Asia, Oceania, and India. Its global footprint is supported by subsidiaries such as Ericsson-LG, Ericsson-Nikola Tesla, and Cenx, Inc.

Huawei Technologies Co., Ltd.

Company Overview: Huawei is a leading provider of telecommunication solutions, specializing in wireline, wireless, and IP technologies. The company operates through four business segments: Carrier Business, Enterprise Business, Consumer Business, and Other.

vEPC Offerings: Huawei's vEPC portfolio includes enterprise wireless, Cloud Core, carrier networks, telecom services, and enterprise networking solutions. The company's innovative solutions are designed to meet the demands of modern network environments.

Global Presence: Huawei has a significant presence in China, EMEA, APAC (Asia-Pacific), and America. Key subsidiaries include Huawei Device Co., Ltd and Shanghai Huawei Technologies Co., Ltd.

Affirmed Networks, Inc.

Company Overview: Affirmed Networks specializes in transforming mobile data networks through advanced intelligence and virtualization. Acquired by Microsoft in 2020, the company operates under Microsoft's Intelligent Cloud segment.

vEPC Offerings: Affirmed Networks provides solutions for IoT virtualization, vEPC, and cloud-native mobile core technologies. Its offerings include 5G NR, virtualized DPI, GiLAN services, and optimized IoT access.

Global Presence: Affirmed Networks operates in the U.S., India, the UAE, and Czechia, leveraging Microsoft’s global reach and resources.

Mavenir Systems, Inc.

Company Overview: Mavenir Systems, headquartered in Texas, U.S., is a prominent telecommunication software company focused on redefining mobile network economics for service providers.

vEPC Offerings: Mavenir's core capabilities include VoLTE, VoWiFi, vEPC, and virtualized RAN. The company's solutions are designed to accelerate the transformation of mobile networks.

Global Presence: Mavenir operates across North America, the Caribbean & Latin America, Europe, the Middle East & Africa, Asia-Pacific, and South Asia. Subsidiaries include Ranzure Networks, Netonomy, and Aquto Corporation.

Nokia Corporation

Company Overview: Nokia is a multinational communications company engaged in manufacturing mobile devices, network infrastructure, and advanced technologies. It operates through four segments: Networks, Nokia Software, Nokia Technologies, and Other.

vEPC Offerings: Nokia’s vEPC solutions are part of its Networks segment and include core networks, mobile and fixed infrastructure, and 5G solutions.

Global Presence: Nokia has a broad presence across North America, Europe, Asia-Pacific, Greater China, Latin America, and the Middle East & Africa. Its subsidiaries include Nokia Networks, Alcatel Lucent, Scalado, and Novarra, Inc.

ZTE Corporation

Company Overview: ZTE is a telecommunications and networking company offering a range of communication systems, including network slicing software and services. The company operates through three segments: Consumer Business, Carrier Networks, and Government and Corporate Business.

vEPC Offerings: ZTE’s vEPC portfolio includes core networks, mobile and fixed infrastructure, network automation, 5G services, and Cloud Core networks.

Global Presence: ZTE operates in China, Europe, the Americas, Oceania, and Africa, supported by subsidiaries such as Double Fine Productions, Inc., and GitHub, Inc.

F5 Networks, Inc.

Company Overview: F5 Networks is a networking company specializing in web application technologies. The company operates through two segments: Products and Services.

vEPC Offerings: F5 Networks provides vEPC solutions including SGI, virtual application delivery controllers, diameter signaling, and IMS networks.

Global Presence: F5 Networks has a significant presence in the Americas, EMEA, and Asia-Pacific, with subsidiaries like Volterra, Inc. and NGINX, Inc.

NEC Corporation

Company Overview: NEC Corporation is a multinational IT and electronics company specializing in computer peripherals, IT infrastructure, and networking products. It operates through six segments: Public Solutions Business, Public Infrastructure Business, Enterprise Business, Network Services Business, Global Business, and Others.

vEPC Offerings: NEC’s vEPC portfolio includes core networks, mobile and fixed infrastructure, and 5G Core & LTE networks.

Global Presence: NEC has a global presence in North America, EMEA, Latin America, Asia, and Oceania, with subsidiaries such as Netcracker Technology Corporation and ABeam Consulting Ltd.

IPLOOK Technologies Co., Ltd.

Company Overview: IPLOOK Technologies, headquartered in Hong Kong, China, is a leading software company offering solutions for 3G/4G/5G core networks.

vEPC Offerings: The company provides end-to-end mobile core solutions, including 5G Core networks and IP multimedia subsystems (IMS).

Global Presence: IPLOOK Technologies operates primarily in China and Southeast Asia.

Future Outlook

The vEPC market is set to witness continued growth as telecommunications operators and enterprises increasingly adopt virtualized solutions to address the demands of modern network environments. The market’s expansion will be driven by several factors, including the need for enhanced network performance, cost efficiencies, and the integration of emerging technologies such as 5G and IoT.

Emerging Trends

Integration with 5G Networks: The integration of vEPC with 5G networks will be a significant trend, enabling operators to leverage the benefits of 5G while maintaining efficient and flexible core network operations.

Increased Focus on Security: As security concerns continue to evolve, there will be a heightened focus on developing robust security measures to protect virtualized network components from cyber threats.

Expansion of IoT Ecosystems: The growth of IoT ecosystems will drive demand for scalable and flexible vEPC solutions capable of supporting a large number of connected devices and diverse data traffic types.

Strategic Opportunities

Investment in R&D: Companies investing in research and development to innovate and enhance vEPC solutions will be well-positioned to capture market share and address emerging needs.

Partnerships and Collaborations: Strategic partnerships and collaborations with technology providers, network operators, and service integrators will create opportunities for growth and market expansion.

Geographic Expansion: Expanding into new geographic regions and emerging markets will provide additional growth opportunities for vEPC vendors, as demand for advanced network solutions continues to rise globally.

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Conclusion

The Virtualized Evolved Packet Core (vEPC) market represents a dynamic and rapidly evolving segment of the telecommunications industry. Driven by factors such as increasing mobile data traffic, cost reduction imperatives, IoT deployment, and the adoption of cloud-native 5G core solutions, the market is poised for substantial growth in the coming years.

While challenges related to security and awareness persist, the opportunities for innovation and expansion are significant. Key players in the market are actively contributing to its development through advanced technologies and strategic initiatives, shaping the future of network infrastructure.

As the industry navigates these developments, stakeholders must remain agile and forward-thinking to capitalize on emerging trends and opportunities. The continued advancement of vEPC solutions will play a crucial role in enabling next-generation network capabilities and meeting the evolving demands of the digital age.

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[bhavanameti]

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

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

[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.

[iplook-networks]

IPLOOK's Mid-Year Featured Products

As we reach the halfway point of 2024, we're thrilled to present our mid-year lineup of standout products that have captivated clients worldwide! Discover the Top 3 products that have propelled IPLOOK forward:

EPC (Evolved Packet Core) Network

Our EPC continues to be a market leader, delivering robust and scalable LTE connectivity, and supporting smooth upgrades to 5G with a seamless experience. The standout performance of our MME and xGW components has fueled significant growth. With full virtualization and high scalability, our EPC empowers operators to realize flexible scaling and optimize network efficiency at a competitive price.

5GC (5G Core) Network

Leading the charge into the future is our 5GC. IPLOOK's cloud-native 5GC offers unparalleled flexibility, improved capabilities and enhanced user experiences. Supporting both NSA and SA architectures, our dual-mode 5GC is designed to provide future-proof support for legacy networks, ideal for operators to unleash the full potential of 5G.

IMS (IP Multimedia Subsystem) Core Network

Our IMS is the cornerstone of a broad range of high-quality voice applications. With a focus on VoLTE, VoWiFi (Wi-Fi calling), and VoNR, we enable reliable and seamless communication across any network.

Contact us at sales@iplook.com for any inquiries!

Source: https://www.iplook.com/info/iplooks-mid-year-featured-products-i00419i1.html

[globalgrowthinsights]

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[prajwal-agale001]

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

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

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

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Market Segmentation Overview

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

Component Analysis

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

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

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

Application Insights

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

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

Deployment Mode and End-User Insights

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

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

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

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

Regional Market Insights

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

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

Key Industry Players

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

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

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

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[bhavanameti]

[columbianewsupdates]

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

http://dlvr.it/Ss756J

[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.