The global Virtualized Evolved Packet Core (vEPC) Market is expected to be worth USD 8.4 billion in 2023 and 19.9 billion by 2028, growing at a CAGR of 18.7% during the forecast period. The need for cost-effective and efficient network management solutions accelerates the growth of the vEPC market.
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Services segment to grow at higher CAGR during the forecast period
The services segment is expected to grow significantly in the vEPC market during the forecast period. This can be attributed to the increasing demand for professional and managed services to support the deployment and operation of virtualized EPC solutions. Enterprises seek specialized services to ensure a smooth integration, customization, and optimization of vEPC systems within their network infrastructure. Service providers are focusing on offering comprehensive service packages, including consulting, implementation, maintenance, and support, to address the specific requirements of their clients. The growing adoption of vEPC across various industries, such as telecommunications, healthcare, and transportation, is driving the demand for services to enhance network performance, security, and scalability.
Cloud mode of deployment is expected to grow at higher CAGR during the forecast period
This can be attributed to the numerous advantages offered by cloud-based vEPC solutions, including scalability, flexibility, and cost-effectiveness. Enterprises are increasingly adopting cloud deployment models to leverage the benefits of virtualization and cloud computing in their network infrastructure. Cloud-based vEPC enables rapid deployment, easy management, and seamless scalability of network functions, allowing organizations to adapt to changing demands and optimize resource utilization. The cloud deployment model also facilitates centralized management and orchestration, simplifying network operations and enhancing agility. As the demand for efficient and agile network solutions continues to rise, the cloud deployment model is poised to play a pivotal role in driving the growth of the vEPC market.
Asia Pacific region is expected to grow at higher CAGR during the forecast period
The growth of the region can be attributed to several factors, including the region’s rapid adoption of advanced technologies, expanding mobile subscriber base, and the emergence of various industries. Countries such as China, Japan, South Korea, and India are experiencing a surge in demand for high-speed and reliable connectivity driven by the widespread use of smartphones, IoT devices, and digital services. Furthermore, supportive government initiatives and investments in 5G infrastructure development are fueling the expansion of the vEPC market in the region. With the increasing focus on digital transformation across industries and the need for efficient network management solutions, the Asia Pacific region presents significant opportunities for vEPC vendors and service providers to establish a strong presence and meet the growing demand for advanced communication networks.
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Market Players
The major players in the vEPC market are Nokia (Finland), Ericsson (Sweden), Cisco(US), Huawei (China), ZTE (China), Samsung (South Korea), Affirmed Networks(US), Mavenir(US), NEC(Japan), Athonet(Italy), Cumucore(Finland), Druid Software(Ireland), IPLook (China), Tech Mahindra (India), Parallel Wireless (US), Polaris Networks (US), Xingtera (US), Lemko (US), Tecore(US), and Telrad Networks (Israel).
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Market HighlightsMarket Research Future (MRFR) has revealed in its latest study that the global Virtualized Evolved Packet Core Market is set to proliferate exponentially at 51.7% CAGR during the forecast period 2018 to 2023.
The strong value maintained by the telecommunications sector has paved the way for the adoption of virtualized evolved packet core technology.The evolution of mobile communication from First Generation (1G) to the currently dominated Fourth Generation (4G) enabled devices has intensified the need for providing access network functions.
This, in turn, is projected to accelerate market proliferation over the next couple of years.
The advancement in technologies such as 5G, IoT, and M2M have opened avenues of growth opportunities for the market players.
Global Market for Virtualized Evolved Packet Core-Competitive Dashboard:Some of the key players profiled by MRFR in the report are Nokia Corporation (Finland), Cisco System Inc. (US), Ericsson AB (Sweden), Samsung Electronics (South Korea), Huawei Technologies Co. Ltd (China), NEC Corporation (Japan), ZTE Corporation (China), Mitel Networks Corporation (US), Affirmed Networks (US), and Athonet S.R.L.
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.
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: [email protected] Us On linkedin :- https://www.linkedin.com/company/grand-research-store
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.
