Virtualized Evolved Packet Core (vEPC) Market Segmentation by Offering (Solutions, Services, and Others); by Deployment (Cloud, and On Premise); by Application {Private Or Enterprise LTE Networks, Fixed Wireless Access Networks, Remote & Rural Networks, Public Safety Broadband Networks, and Machine to Machine (M2M) Networks}; by Organization Size (Small & Medium Enterprises (SMEs), and Large Enterprises); by Network Type (4G, 5G, and Others); and by End Users (Telecom Operators, Enterprises, and Businesses)-Global Demand Analysis & Opportunity Outlook 2031

Global Virtualized Evolved Packet Core (vEPC) Market Highlights Over 2022 – 2031

The Global virtualized evolved packet core (vEPC) market garnered an approximate revenue figure of USD 4.3 billion in the year 2021 and is expected to generate significant revenue by the end of the year 2031, by growing at a CAGR of ~24% over the forecast period, i.e., 2022 – 2031. The growth of the market can majorly be attributed to the rising number of LTE subscribers, constant development of 5G infrastructure, better customer service, increasing smartphone users, and rising focus on service quality and performance. Furthermore, the need amongst telecom operators for reduction in network cost, along with improvement in network architecture flexibility, enhancement in faster delivery services, as well as increasing automation is expected to drive market growth in the upcoming years. In addition, the rise in penetration of the internet of things (IoT) and machine-to-machine communication devices are expected to drive the growth of the global virtualized evolved packet core market. The IoT automotive and enterprise endpoint installed base was estimated to be around 5.85 billion in the year 2020,

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A virtual evolved packet core (vEPC) is a framework that is used to converge voice and data processing and is implemented by network functions virtualization (NFV) for virtualizing the functions of an Evolved Packet Core (EPC). vEPC can also lower capex and opex by reducing reliance on specialized hardware while speeding service delivery. The COVID-19 pandemic has affected every industry including telecommunications and IT. However, the work flexibility provided by employers to avoid physical contact during the pandemic has provided a stream of opportunity for companies to invest in developing network solutions. Highly secure solutions supporting large data files have gained importance during the pandemic, hence, helping the growth of the market.

The global virtualized evolved packet core (vEPC) market is segmented on the basis of offering, deployment, application, organization size, network type, and by end users. Based on end users segment, the market is further divided into telecom operators, enterprises, and businesses. The enterprises segment is anticipated to hold largest market size in value and is estimated to grow at a notable CAGR over the forecast period. Enterprises are undergoing digital transformation across different industries implementing new technologies to develop new solutions. The growth of the segment can be majorly attributed to improving service delivery, increase in operational efficiency, reduction in cost, and rising customer expectations for better services.

Global Virtualized Evolved Packet Core (vEPC) Market Regional Synopsis

Regionally, the global virtualized evolved packet core (vEPC) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa region. Among these, the market in North America region witnessed the largest market share in the year 2021. On the other hand, market in Asia Pacific is expected to grow at the fastest CAGR over the forecast period on the back of increasing support and promotion from government for industrial and technological growth along with adoption of 5G. By the year 2025, approximately 16% of total connections will be running on 5G network in the region. Additionally, growing acceptance of cloud-based solutions, emerging technologies such as the IoT, and big data analytics, along with developing infrastructure promoting the adoption of vPEC solutions are expected to drive the growth of the market in the region.

Market Segmentation

Our in-depth analysis of the global virtualized evolved packet core (vEPC) market includes the following segments:

By Offering

• Solutions

• Services

• Others

By Deployment

• Cloud

• On Premise

By Application

• Private or Enterprise LTE Networks

• Fixed Wireless Access Networks

• Remote & Rural Networks

• Public Safety Broadband Networks

• Machine-to-Machine (M2M) Networks

By Organization size

• Small & Medium Enterprises (SMEs)

• Large Enterprises

By Network Type

• 4G

• 5G

• Others

By End Users

• Telecom Operators

• Enterprises

• Businesses

Growth Drivers and Challenges Impacting the Growth of the Global Virtualized Evolved Packet Core (vEPC) Market

Growth Drivers

• Development in 5G infrastructure

• Growing LTE subscribers

• Increasing smartphone users

• Improvement in service quality and performance of network

• Better network infrastructure    

Challenges

• Lack of resources for shifting towards virtualization

• High cost of adoption of virtualization

• Concern for user security

Key Companies Dominating the Global Virtualized Evolved Packet Core (vEPC) Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global virtualized evolved packet core (vEPC) market that are included in our report are SAMSUNG, NEC Corporation, Cisco Systems, Inc., Juniper Networks, Inc., Tech Mahindra Limited, LEMKO CORPORATION, Telefonaktiebolaget LM Ericsson, Nokia Corporation, Huawei Technologies Co., Ltd., and Athonet srl among others.

 Latest Developments in the Global Virtualized Evolved Packet Core (vEPC) Market:

• 02 March 2022:  One of the leading wireless solution provider company, NEC Corporation, announced the release of “iPASOLINK VR4” along with “25Gbps capable iPASOLINK™ EX Advanced Dual”. The aim is to expand network capacity for telecommunications provider.

• 03 March 2022: Huawei launched E-band, a microwave solution in order to fulfil ultra-high-bandwidth requirements. The agenda of the solution is designed to save network energy on all bands by improving 5G deployment.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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