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.
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.
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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.
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.).
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Scope of the Report:
Virtualized Evolved Packet Core (vEPC) Market, by Component
- Solutions
- Mobility Management Entity (MME)
- Home Subscriber Server (HSS)
- Serving Gateway (SGW)
- Packet Data Network Gateway (PDNGW)
- Policy and Changing Rule Function
- Services
- Professional Services
- Consulting services
- System Integration Services
- Training and Support Services
- Managed 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
- Financial Services
- Travel & Consumers
- IT & Software
- Media & Entertainment
- Healthcare
- Other Enterprises
- Other End Users
Significant growth in mobile data traffic volumes to fuel the market growth
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.
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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.
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The report "Virtualized Evolved Packet Core Market by Component (Solutions and Services(Professional and Managed)),Deployment Model (Cloud, On-premises),Network Type(4G and 5G) End User(Telecom operators, Enterprises)and Region - Global Forecast to 2026", size is expected to grow from USD 3.9 billion in 2020 to USD 13.7 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 22.8% during the forecast period..
The vEPC market is gaining traction due to its cloud native architecture that will improve the modularity of products with greater emphasize on low latency, and higher bandwidth.The rapid rise in the volume of data being carried by cellular networks has been driven largely by consumer demand for video, and the shift of business toward the use of cloud services.
The commercialization of 5G services in enterprises such as private 5G and availability of unlicensed and shared spectrum in the globe are expected to shape the future of the vEPC market.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=45409339Services segment to grow at the highest CAGR during the forecast periodServices 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 periodCloud 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.
Virtualized Evolved Packet report is an essential reference for who looks for detailed information on China Virtualized Evolved Packet Core (vEPC) market.
The report covers data on China and its regional markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as China major vendors' information.In addition to the data part, the report also provides overview of Virtualized Evolved Packet Core (vEPC) market, including classification, application, manufacturing technology, industry chain analysis and latest market dynamics.Finally, a customization report in order to meet user's requirements is also available.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/china-virtualized-evolved-packet-core-2020-396The largest vendors of China Virtualized Evolved Packet Core (vEPC) market: (At least 9 companies included) Ericsson (Sweden) Huawei Technologies (China) Mavenir (US) ZTE Corporation (China) Athonet (Italy) Cisco Systems (US)For complete list, please ask for sample pages.Report Scope: The depth industry chain include analysis value chain analysis, porter five forces model analysis and cost structure analysis The report covers China and its regional market of Virtualized Evolved Packet Core (vEPC) It describes present situation, historical background and future forecast Comprehensive data showing Virtualized Evolved Packet Core (vEPC) capacities, production, consumption, trade statistics, and prices in the recent years are provided The report indicates a wealth of information on Virtualized Evolved Packet Core (vEPC) manufacturers Regional market overview covers the following information: production and consumption of Virtualized Evolved Packet Core (vEPC) in Northeast China, North China, Central China, Northern China, Western China and South China Virtualized Evolved Packet Core (vEPC) market forecast for next five years, including market volumes and prices is also provided Raw Material Supply and Downstream Consumer Information is also included Any other user's requirements which is feasible for usAny special requirements about this report, please let us know and we can provide custom report.Get the Complete Report & TOC @ https://www.grandresearchstore.com/ict-and-media/china-virtualized-evolved-packet-core-2020-396Table of contentChapter One Virtualized Evolved Packet Core (vEPC) Overview1.1 Virtualized Evolved Packet Core (vEPC) Outline1.2 Classification and Application1.3 Manufacturing TechnologyChapter Two Industry Chain Analysis2.1 Value Chain Analysis2.2 Porter Five Forces Model Analysis2.3 Cost Structure AnalysisChapter Three Market Dynamics of Virtualized Evolved Packet Core (vEPC) Industry3.1 Latest News and Policy3.2 Market Drivers3.3 Market ChallengesChapter Four China and Regional Market of Virtualized Evolved Packet Core (vEPC) (2015-2020)4.1 Virtualized Evolved Packet Core (vEPC) Supply4.2 Virtualized Evolved Packet Core (vEPC) Market Size4.3 Import and Export4.4 Demand Analysis4.5 Market Competition Analysis4.6 Price AnalysisChapter Five China and Regional Market Forecast (2020-2025)5.1 Virtualized Evolved Packet Core (vEPC) Supply5.2 Virtualized Evolved Packet Core (vEPC) Market Size5.3 Import and Export5.4 Demand Analysis5.5 Market Competition Analysis5.6 Price AnalysisChapter Six China Raw Material Supply Analysis6.1 Raw Material Supply6.2 Raw Material Producers Analysis6.3 Analysis of the Influence of Raw Material Price FluctuationChapter Seven China Virtualized Evolved Packet Core (vEPC) Consumer Analysis7.1 China Major Consumers Information7.2 China Major Consumer Demand AnalysisChapter Eight Analysis of China Key Manufacturers (Including Company Profile, SWOT Analysis, Production Information etc.
)8.1 Ericsson (Sweden)8.2 HuaweiIf You Have Any Question Related To This Report Contact Us @ https://www.grandresearchstore.com/enquire-now/china-virtualized-evolved-packet-core-2020-396CONTACT US:276 5th Avenue, New York, NY 10001, United StatesInternational: +1(646)-781-7170 / +91 8087042414Email: help@grandresearchstore.comFollow Us On linkedin :- https://www.linkedin.com/company/grand-research-store
Market HighlightsMarket Research Future (MRFR) has revealed in its latest study that the global Virtualized Evolved Packet Core Market Research is set to proliferate exponentially at 51.7% CAGR during the forecast period 2018 to 2023.
The advancement in technologies such as 5G, IoT, and M2M have opened avenues of growth opportunities for the market players.
By component, the vEPC market has been segmented into solution and services.
The solutions segment has been further sub-segmented into Mobility Management Entity (MME), Home Subscriber Server (HSS), Server Gateway (SGW), Packet Data Network Gateway (PDN GW), and others Among these, the services segment is anticipated to garner massive traction over the forecast period.
Meanwhile, the on-cloud segment is estimated to register a relatively higher CAGR of 60.3% over 2023.By use case, the market has been segmented into broadband wireless access (BWA), LTE & VoLTE, IoT & M2M, and MNO & MVNO.
Regional Outlook:On the basis of region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Global Virtualized Evolved Packet Core MarketThe GMI Research forecasts that the Virtualized Evolved Packet Core Market is witnessing an upsurge in demand over the forecast period.
This is mainly due to the the growing awareness related to the various advantages, including network cost reduction and better network architecture adaptability.Introduction of the Virtualized Evolved Packet Core MarketVirtualized evolved packet core solutions implies the structure that assists in virtualizing the functions offered to assemble a voice and data 4G network.
The vPEC moves components of the core network to software that runs on low cost commercial off-the-shelf servers.Key Players of the Global Virtualized Evolved Packet Core Market:Telefonaktiebolaget LM EricssonNokiaCISCOMavenirCumucoreHuawei Technologies Co., Ltd.ZTEAffirmed NetworksSAMSUNGAthonet srlVirtualized Evolved Packet Core Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)The crucial driver responsible for the stimulation of the global virtualized evolved packet core market is the augmenting mobile network data traffic throughout the world.
In accordance with the report published by Ericsson Mobility, the comprehensive mobile data traffic is expected to reach approximately 51 Exabytes per month by the end of 2020 and is forecasted to touch 226EB per month by 2026.
Furthermore, the amplifying consciousness associated with several beneficial features offered by them, including improved and quick delivery services, enhanced network architecture flexibility, cost reduction, and raised automation.
However, the escalation apprehension concerned with safety and security will hamper the virtualized evolved packet core market size.Virtualized Evolved Packet Core Market Segmentation:Segmentation by ComponentSolutionsServicesSegmentation by Deployment ModeOn-PremisesCloudSegmentation by Network Type4G Network5G NetworkSegmentation by End UserTelecom OperatorsEnterprisesSegmentation by ApplicationLTE, VOLTE, and VOWi-FiBroadband wireless accessIOT and M2MSegmentation by Region:North AmericaUnited States of AmericaCanadaAsia PacificChinaJapanIndiaRest of APACEuropeUnited KingdomGermanyFranceSpainRest of EuropeRoWBrazilSouth AfricaSaudi ArabiaUAERest of the world (remaining countries of the LAMEA region)About GMI ResearchGMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations.
