#Virtualized evolved packet core Market Forecast

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

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

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

North America

Middle East and Africa

Asia-Pacific

South America

Europe

Key Attentions of Automatic Identification and Data Capture Market Report:

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

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

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

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

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

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

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

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

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Virtualized evolved packet core Market 2019 – Segmented Market Growth Till 2026

Market Size – USD 1.02 billion in 2018, Market Growth - CAGR of 34.2%, Market Trends – Digitalized transformation of testing

The Virtualized evolved packet core market is expected to grow from USD 1.02 billion in 2018 to USD 8 billion by 2026, at a CAGR of 34.2% during the forecast period. The reducing size of CapEx and OpEx, increasing LTE mobile subscribers, increasing use of smartphones, a rise of network function virtualization and growing demand for high-speed data networks are some of the driving factors of the market. Some other factors contributing to the rise of virtualized evolved packet core market are the growth of IoT and M2M and future in 5G. vEPC supports nearly networks of any scale and size, thus reducing the operational as well as capital costs of all business levels. Evolved Packet Core helps in combining voice and data on an Internet Protocol service architecture.

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Results of the latest scientific undertakings for the development of new Virtualized evolved packet core products have also been considered. Factors that can potentially influence the leading industry players to implement synthetic sourcing of market products have also been studied in this investigative report. The inferences drawn in this study are valuable for any company operating in the industry. Every organization contributing to the global production of the Virtualized evolved packet core market products has been profiled in this report, in order to study the insights on cost-effective manufacturing methods, competitive landscape, and new avenues for applications.

The varying scenarios across the global market have been examined in this study, providing an overview of how the Virtualized evolved packet core products have established their place in this rapidly-evolving sector. Industry participants will be able to formulate their strategies and tactics by assessing the speculated market size for the forecast mentioned in the report. Favorable regional markets for the Virtualized evolved packet core have been described, which are expected to impact the global expansion strategies of the leading organizations. Additionally, key manufacturers have been profiled comprehensively in this research report.

Major Key Players of the Virtualized evolved packet core Market are:

Affirmed Networks (US), Ericsson (Sweden), Huawei Technologies (China), Mavenir (US), ZTE Corporation (China), Athonet (Italy), Cisco Systems (US), NEC Corporation (Japan), Nokia Corporation  (Finland), Samsung (South Korea).

Major Types of Virtualized evolved packet core Market covered are:

 Cloud

 On-Premises

 Telecom      Operators

 Enterprises

 LTE,      VOLTE, and VoWiFi

 Broadband      Wireless Access (BWA)

 IoT      and M2M

 MPN      and MVNO

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With the existing market standards evaluated, this research report also explains the latest strategic initiatives and patterns of the market players in an unbiased way. The report can be construed as a presumptive business record that can aid the readers functioning in the global market devise their plans effectively, to reach the desired position in the market in the forecast period.

Competitive Landscape:

The Virtualized evolved packet core market is moderately competitive and includes numerous key players. When looking at market share, few industry players predominantly constitute the worldwide market.  With the growing awareness among patients and high prevalence of diseases like cancer, new companies are also expected to find their way into the market in the near future.

Report Methodology:

The data contained in this report has been derived through both primary and secondary research methodologies. Primary research methodology includes interaction with service providers, suppliers, and industry professionals. Secondary research methodology entails a thorough examination of relevant literature like company annual reports, financial reports, and exclusive databases.

This report provides:

1.        A comprehensive overview of the global market for Virtualized evolved packet core.

2.        Evaluation of the global market trends, historical data analysis starting from 2011, prediction for the coming years, and estimation of compound annual growth rates (CAGRs) by the end of the forecast period.

3.        Identification of new market prospects and targeted marketing approaches for Global Virtualized evolved packet core Market.

4.        Evaluation of R&D, and the demand for new product launches and applications.

5.        Extensive company profiling, highlighting leading participants operating in the industry.

6.        Market structure, in terms of dynamic molecule types and targets, emphasizing the major industry resources and players.

7.        The growth in patient epidemiology and gross revenue for the global market, including crucial players and market segments.

8.        Examination the sector in terms of the generic and premium product revenue.

9.        Assessment of commercial opportunities in the market sales scenario by inspecting the trends observed for authorizing and co-developing deals.

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Virtualized Evolved Packet Core Market Review, In-Depth Analysis, Research, Forecast to 2023

Market Highlights

Increasing mobile subscriber base in the developing countries and migration from 4G LTE services to 5G networks are creating market opportunity for virtual evolved packet core market. The emergence of the Internet of Things and their diversified network requirements are fuelling the market growth. However, lack of skilled technical workforce and security concerns in cloud-based vEPC are hampering the market growth.

The global virtualized evolved packet core market is segmented into component, deployment, use case, end-users, and region.

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 Regional Analysis

North America holds the largest market share for global Virtual Evolved Packet Core Market. The presence of significant market players and early adoption of vEPC among enterprises is majorly driving the market in this region and is expected to continue through the forecast period. Radisys Corporation, a global leader in open telecom solutions, is working with Qualcomm technologies Inc. to deploy their eNodeB software to deliver an integrated, pre-validated and tested solution for Qualcomm chipsets. These chipsets are capable of providing an end-to-end RAN SoC (system on a chipset) targeted for small cells and CBRS deployments. This solution helps in providing the path for the 5G network where network slicing is the primary requirement.

 Asia Pacific is anticipated to show significant growth rate during the forecast period. The rising demand for cost-effective packet core technology and rising data demands from enterprises are primarily driving the market in the region. Samsung Electronics Co., Ltd, a South Korean Multinational Electronics company, has deployed their virtualized Adaptiv core solution for SK Telecom a South Korean telecommunications operator. The company’s core solution is built on standardized server hardware capable of managing IT systems in the entire network. The critical responsibility of the solution is the management of traffic from the Internet of Things. The SK telecom will be benefitted by minimizing the infrastructural extension costs and leveraging network resources.

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 Some of the key players in global virtualized evolved packet core market are Affirmed Networks (U.S.), Ericsson (Sweden), Huawei Technologies (China), Mavenir (U.S.), ZTE Corporation (China), Athonet (Italy), Cisco Systems (U.S.), NEC Corporation  (Japan), Nokia Corporation (Finland), Samsung Electronics (South Korea), ExteNet Systems (U.S.), Telrad Networks (Israel), and Core Network Dynamics (Germany) among others.

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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.

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.   

[kudos12]

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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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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Virtual Evolved Packet Core (vEPC) Market Comprehensive Research Study, Regional Growth, Business Top Key Players Analysis

Global Virtual Evolved Packet Core (vEPC) Market report emphasizes on the detailed understanding of some decisive factors such as size, share, sales, forecast trends, supply, production, demands, industry and CAGR in order to provide a comprehensive outlook of the global market. Additionally, the report also highlights the challenges impeding market growth and expansion strategies employed by leading companies in the “Virtual Evolved Packet Core (vEPC) Market”.

Global Virtual Evolved Packet Core (vEPC) Market research report analyzes top players in the key regions like North America, South America, Middle East and Africa, Asia and Pacific region. It delivers insight and expert analysis into key consumer trends and behavior in market place, In addition to an overview of the market data and key brands. It also provides all data with easily digestible information to guide every businessman’s future innovation and move business ahead.

Global Virtual Evolved Packet Core (vEPC) Market Segmentation Analysis:

Major Players in Virtual Evolved Packet Core (vEPC) market are: Ericsson AB ZTE Corporation Mavenir Cisco Systems, Inc. ng4T GmbH Intel Corporation NEC Corporation Huawei Technologies Co., Ltd. Nokia Corporation Affirmed Networks Most important types of Virtual Evolved Packet Core (vEPC) products covered in this report are: Cloud Premise Most widely used downstream fields of Virtual Evolved Packet Core (vEPC) market covered in this report are: LTE IoT and M2M Volte and VoWiFi BWA MPN MVNO

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Virtual Evolved Packet Core (vEPC) Market, By Geography:

The regional analysis of Virtual Evolved Packet Core (vEPC) market is studied for region such as Asia pacific, North America, Europe and Rest of the World. The North America is one of the leading region in the market due to numerous cross industry collaborations taking place between automotive original equipment manufacturers and mobile network operators (MNOs) are taking place for continuous internet connectivity inside a car to enhance the user experience of connected living, while driving. Asia-Pacific region is one of the prominent player in the market owing to large enterprises and SMEs in the region are increasingly adopting Virtual Evolved Packet Core (vEPC) solutions.

Some Points from Table of Content

Global Virtual Evolved Packet Core (vEPC) Market 2022 by Company, Regions, Type and Application, Forecast to 2030

1 Virtual Evolved Packet Core (vEPC) Introduction and Market Overview

2 Industry Chain Analysis

3 Global Virtual Evolved Packet Core (vEPC) Market, by Type

4 Virtual Evolved Packet Core (vEPC) Market, by Application

5 Global Virtual Evolved Packet Core (vEPC) Consumption, Revenue ($) by Region (2018-2022)

6 Global Virtual Evolved Packet Core (vEPC) Production by Top Regions (2018-2022)

7 Global Virtual Evolved Packet Core (vEPC) Consumption by Regions (2018-2022)

8 Competitive Landscape

9 Global Virtual Evolved Packet Core (vEPC) Market Analysis and Forecast by Type and Application

10 Virtual Evolved Packet Core (vEPC) Market Supply and Demand Forecast by Region

11 New Project Feasibility Analysis

12 Expert Interview Record

13 Research Finding and Conclusion

14 Appendix 

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Virtualized Evolved Packet Core Market by Component (Solution, Services), Application (LTE and VoLTE, IoT and M2M, MPN and MVNO), Deployment Mode (On-premise, Cloud), End User (Telecom, Enterprises, and Others) - Global Forecast to 2028

The Virtualized Evolved Packet Core (vEPC) Market is expected to reach $17.05 billion by 2028, at a CAGR of 23.4% during the forecast period of 2021 to 2028. Growing mobile data traffic volume; increasing need to reduce operational expenditure (OPEX) and capital expenditure (CAPEX); rising demand for commercialization of 5G network, IoT deployment, and agile networks; and increasing demand for broadband services over mobile networks are the key factors driving the growth of the virtualized evolved packet core market. However, factors such as the growing number of security concerns across the network infrastructure and the economic downturn caused due to the COVID-19 pandemic have posed serious challenges to the growth of the virtualized evolved packet core market.

Impact of COVID-19 on the vEPC Market.

The COVID-19 pandemic has adversely hit many economies around the globe. Combat measures such as lockdowns, social distancing, and quarantines to fight COVID-19 have adversely impacted many industries worldwide, including IT & telecommunications. With most employees working from home and students learning virtually, enterprise virtual private network (VPN) servers have become lifelines for organizations/schools. According to UNESCO, 850 million students are now learning and attending classes from home while several million workers have suddenly switched to remote working, creating an enormous change in communication networks’ usage. Network traffic in Europe has increased by approximately 50%, as most people have been confined to their homes.

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. Delayed releases have slowed down the commercial development of virtual evolved packet core solutions and 5G deployments. Supply chain disruptions and delays in the release of 5G technology have adversely affected the virtual evolved packet core market in 2020-2021. However, leading market players are focused on bringing the virtual evolved packet core market back on track. Moreover, local governments are also undertaking several initiatives to mitigate the negative impacts of COVID-19. As a result, the virtual evolved packet core market is expected to recover by 2024.

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Significant growth in mobile data traffic volumes to fuel the market growth.

The ever-changing mix and rising growth of wireless devices that are accessing mobile networks globally are the primary factors supporting mobile data traffic growth. Mobile data traffic across the globe is increasing due to the growing penetration of smartphones and the easy availability of affordable high-speed network services. For instance, as per GSMA Intelligence, global smartphone penetration is expected to increase from 65% in 2021 to 80% by the end of 2025. According to Ericson, 5G networks will carry 45% of total mobile data traffic by 2025. Thus, the growing mobile data traffic has created the need for virtualized evolved packet core solutions to manage the data traffic. Virtualized evolved packet core helps manage mobile data traffic efficiently, thereby improving throughput, lowering network congestion issues, optimizing resource use, and enhancing service quality.

The evolution of cellular network technology, which provides higher data speeds and lower latency, is one of the prime features that boost the adoption of virtualized evolved packet core solutions. The rapidly rising data volume has been largely driven by consumer demand for video and business and consumer moves to use cloud services. Demand for mobile data services is primarily driven by the growing use of services and applications in consumer electronic devices and business-to-business (B2B) communication systems currently using/testing data-intensive applications such as AR and VR and 3D and ultra-HD video content. An extensive volume of data being carried by cellular networks has been boosting mobile data traffic. For instance, according to Cisco Systems, Inc., the global business mobile data traffic is expected to grow six-fold from 2017 to 2022, at an annual growth rate of 42%. Such a rapid increase in mobile data traffic is expected to drive the virtualized evolved packet core solutions over the forecast period.

Key Findings in the Global Virtualized Evolved Packet Core Market Study:

In 2021, the solutions segment dominated the virtualized evolved packet core market.

Based on component, the solution segment accounted for the largest share of the virtualized evolved packet core (vEPC)market in 2021. The increasing need to reduce OPEX and CAPEX, growing mobile data traffic volume, and rising demand for high-speed and large network coverage are the factors driving the growth of this segment. The usability, criticality, and easy deployment of virtualized evolved packet core solutions further support the growth of this segment. Owing to the benefits offered by these solutions, several providers are investing in R&D to make the solutions better and more affordable, even for small and medium-scale enterprises. However, the services segment is expected to emerge as the fastest-growing segment throughout the forecast period.

The cloud-based segment to grow at the highest CAGR during the forecast period.

Based on deployment mode, the cloud-based segment is expected to grow at the highest CAGR during the forecast period. The adoption of cloud computing is gaining popularity among small and medium-scale enterprises. Several organizations are gradually moving towards cloud infrastructure, which is expected to grow in the coming years. The benefits of cloud infrastructure in the form of ease of adoption, minimal requirement of in-house infrastructure, scalability, and easy installation of networking solutions support the faster growth of this segment.

In 2021, the MPN and MVNO segment dominated the virtualized evolved packet core market.

Based on end user, the telecom sector accounted for the largest share of the (vEPC) market in 2021. The rising penetration of mobile devices and demand for low-cost mobile services; increasing demand for high-speed internet connectivity; the rising demand for improved voice, video, and mobile internet are the key factors driving the growth of the MPN and MVNO segment.

Asia-Pacific: The fastest-growing regional market

In 2021, North America accounted for the largest share of the virtualized evolved packet core market, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. However, Asia-Pacific is expected to witness rapid growth during the forecast period. The rapid growth of this region is mainly driven by the increasing adoption of technologies, such as cloud computing and IoT. Besides, the rapid proliferation of 5G in developing countries of Asia-Pacific, increasing subscriber base, favorable government policies and regulations, and demand for broadband services are expected to help the region grow rapidly over the coming years.

Key Players

The report includes a competitive landscape based on an extensive assessment of the key strategic developments adopted by the leading market participants in the virtualized evolved packet core (vEPC) industry over the last four years. The key players profiled in the global virtualized evolved packet core market are 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.).

Scope of the Report:

Virtualized Evolved Packet Core (vEPC) 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 (vEPC) Market, by Application

MPN and MVNO

IoT and M2M

LTE and VoLTE

Virtualized Evolved Packet Core (vEPC) Market, by Deployment Mode

On-premise

Cloud

Virtualized Evolved Packet Core (vEPC) Market, by End User                    

Telecom Industry

Enterprises

Other End Users

Financial Services

Travel & Consumers

IT & Software

Media & Entertainment

Healthcare

Other Enterprises

Virtualized Evolved Packet Core (vEPC)Market, by Region

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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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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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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