virtualized Evolved Packet Core (vEPC) Market worth USD 13.65 Billion, growing at a 21.12% CAGR by 2030 – Report by Market Research Future (MRFR)
Research Reports
Aug 10, 2023
Market Overview:
According to the most recent study carried out by Market Research Future (MRFR), According to MRFR analysis, the Virtualized Evolved Packet Core (vEPC) Market is expected to register a CAGR of 21.12% from 2020 to 2030 and hold a value of over USD 13.65 billion by 2030. The term “virtualized evolved packet core” pertains to a framework facilitating the integration of voice and data on both 4G and 5G networks. The growth in this market can be chiefly attributed to the potential of vEPC and its role in enhancing the quality of mobile services.
The adoption of vEPC by network operators is expected to gain momentum as it enables them to enhance service quality while maintaining cost-effectiveness. This trend is contributing significantly to the expansion of the vEPC market. Moreover, the rapid advancements in technologies like 5G, IoT, and M2M are exerting substantial pressure on the market during the evaluation period. It’s also projected that as these technologies continue to evolve, fresh growth prospects will emerge for the global virtualized evolved packet core market in the foreseeable future.
With the escalating data traffic, Communication Service Providers (CSPs) are increasingly inclined to implement vEPC solutions for the commercialization of 5G networks, which will drive substantial growth in the virtual EPC market. Furthermore, as networking software transitions towards virtualization, telecommunication operators are grappling with challenges arising from geographically dispersed virtual network functions. Combining probe and packet broking functions with vEPC at a centralized location presents a solution to this challenge. Consequently, the utilization of vEPC to establish a centralized hub for managing data transmission over LTE networks is predicted to greatly propel market growth.
Click Here to Get Sample Premium Report
Key Players:
The major players in the vEPC market are
- ZTE Corporation
- Cisco Systems Inc.
- Telefonaktiebolaget LM Ericsson SE
- Affirmed Networks Inc.
- Mavenir Systems Inc.
- Huawei Technologies Co. Ltd.
- Samsung Electronics Co Ltd.
- Tecore Inc.
- Nokia Corporation
- Parallel Wireless, Inc.
- F5 Networks, Inc.
- NEC Corporation
- IPLOOK Technologies Co Ltd
- Polaris Networks
- Athonet SRL
- LEMKO Corporation
- Metaswitch Networks
- Intel Corporation
Scope of the Report – virtualized Evolved Packet Pore Market:
|
Report Metrics |
Details |
|
Market Size by 2030 |
USD 13.65 Billion |
|
CAGR during 2022-2030 |
21.12% |
|
Base Year |
2019 |
|
Forecast |
2020-2030 |
Buy Now Premium Research Report – Get Comprehensive Market Insights.
Market Segmentation
The vEPC market is segmented by component, deployment, use case, and end-user.
- By component: The vEPC market is segmented into solution and services. The solution segment includes software, hardware, and system integration services. The services segment includes consulting, training, and maintenance services.
- By deployment: The vEPC market is segmented into on-premises and cloud. The on-premises segment is expected to dominate the market in the coming years. However, the cloud segment is expected to grow at a faster rate due to the increasing demand for pay-as-you-go services and the need for scalability.
- By use case: The vEPC market is segmented into broadband wireless access (BWA), LTE & VoLTE, IoT & M2M, and MNO & MVNO. The IoT & M2M segment is expected to dominate the market in the coming years due to the increasing demand for connected devices.
- By end-user: The vEPC market is segmented into telecom operators and enterprises. The telecom operators segment is expected to dominate the market in the coming years. However, the enterprises segment is expected to grow at a faster rate due to the increasing adoption of IoT and 5G technologies.
Browse In-depth Market Research Report (87 Pages, Charts, Tables, Figures) virtualized Evolved Packet Core (vEPC) Market– https://www.marketresearchfuture.com/reports/virtualized-evolved-packet-core-market-5616
Regional Analysis
The vEPC market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is expected to dominate the market in the coming years due to the early adoption of new technologies and the presence of major telecom operators such as AT&T, Verizon, and T-Mobile. Europe is also expected to grow at a significant rate due to the increasing demand for mobile data traffic and the rising adoption of IoT and 5G technologies. Asia Pacific is expected to be the fastest-growing market for vEPC due to the growing population, the increasing demand for mobile data traffic, and the rising adoption of IoT and 5G technologies.
Related Reports:
Smart Sensors Market Research Report- Forecast to 2030
Quantum Cryptography Market Research Report – Global Forecast till 2032
Cyber Insurance Market Research Report – Global Forecast till 2032
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Also, we are launching “Wantstats” the premier statistics portal for market data in comprehensive charts and stats format, providing forecasts, regional and segment analysis. Stay informed and make data-driven decisions with Wantstats.
Contact Information:
Contact: Market Research Future (Part of Wantstats Research and Media Private Limited) 99 Hudson Street, 5Th Floor New York, NY 10013 United States of America +1 628 258 0071 (US) +44 2035 002 764 (UK) Email: sales@marketresearchfuture.com Website: https://www.marketresearchfuture.com
Tags:
Wire, Research Newswire, English