Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Virtualized Evolved Packet Core (vEPC) market aspects are undergoing a pioneering movement due to the growing need for productive and adaptable portable organization foundation. With media transmission administrators trying to accommodate customers' changing needs, vEPC is a crucial breakthrough. Cell phones and information-related applications are driving this market's growth.
The vEPC industry is flooded by mechanical advances, notably in virtualization and SDN. The need for network agility drives the migration to vEPC. Virtualized partners provide more adaptability and asset usage than equipment-based EPC frameworks. This improvement allows administrators to modernize their organization architecture, reduce functional costs, and respond quickly to market demands.
Due to 5G companies' widespread deployment, the vEPC industry is booming. 5G innovation demands a strong, agile core organization, and vEPC fits the bill. The vEPC industry is growing as media transmission companies invest in 5G. The potential of vEPC to efficiently manage and distribute assets on-demand adapts to 5G enterprises' needs.
Other factors affecting vEPC market features include cost-adequacy. Virtualization reduces administrators' capital consumption by eliminating expensive and space-consuming equipment. This cost proficiency is appealing to established and emerging telecom businesses looking to increase profits while maintaining network performance.
The serious vEPC market is distinguished by central member coordination and organizations. Merchants are joining unions to expand their product lines and market reach as vEPC interest grows. This design helps merchants and end-clients by integrating and expanding the biological system. In addition, creative new companies are offering customized arrangements and improving the vEPC scene.
The rapid growth of the vEPC industry brings challenges. Virtualized network security issues remain core for administrators. As virtualization creates new attack surfaces, these flaws must be addressed. Sellers are investing in safety measures and conventions to allay these concerns and boost vEPC acceptance.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Component, Deployment, Application, End-User, and Region |
Virtualized Evolved Packet Core Market Highlights:
Virtualized Evolved Packet Core (vEPC) Market Overview
The Virtualized Evolved Packet Core Market is projected to grow from USD 4.23 billion in 2024 to USD 21.12 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 22.23% during the forecast period (2024 - 2032). Additionally, the market size for Virtualized Evolved Packet Core was valued at USD 3.5 billion in 2023.
An increasing number of mobile LTE subscribers and the development of 5G infrastructure are the key market drivers enhancing the market growth.
Figure 1: Virtualized Evolved Packet Core (vEPC) Market Size, 2024-2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Virtualized Evolved Packet Core (vEPC) Market Trends
Growing development of 5G infrastructure is driving the market growth
Market CAGR for Virtualized Evolved Packet Core (vEPC) is driven by the rising development of 5G infrastructure. Numerous new technological developments have occurred, including 5G in the telecommunications sector. Technologies like IoT are prompting MNOs to construct 5G infrastructure due to increased data traffic. Faster data transfer and on-demand network service provisioning will be possible thanks to 5G. MNOs are therefore required to deploy vEPC to improve their networks so that radio resources can be used effectively and network capacity may be increased.
Additionally, capacity and network intelligence may be boosted with virtualized EPC to satisfy the growing need for cutting-edge mobile data applications. One or more main use cases for Virtualized Evolved Packet Core Systems include the Internet of Things (IoT), LTE, VoLTE, M2M, and VO Wi-Fi. Telecommunications businesses are also searching for more economical solutions due to the growing need for additional bandwidth to support mobile networks.
Furthermore, the rapid rise in the amount of data carried by cellular networks has been primarily caused by consumer demand for video and the move in business practices toward cloud services. The commercialization of 5G services in industries like private 5G and the availability of unlicensed and shared spectrum globally are expected to impact future trends in the vEPS industry. Thus, driving the Virtualized Evolved Packet Core (vEPC) market revenue.
Virtualized Evolved Packet Core (vEPC) Market Segment Insights
Virtualized Evolved Packet Core (vEPC) Component Insights
The global Virtualized Evolved Packet Core (vEPC) market segmentation, based on component, includes solutions and services. The services segment dominated the market, accounting for maximum market revenue. Services play a significant role in adopting and integrating next-generation networking solutions in an organization’s operational environment. Because they primarily focus on optimizing business operations and improving the network of the organizations, services are seen as a significant component of the vEPC industry.
Virtualized Evolved Packet Core (vEPC) Deployment Insights
The global Virtualized Evolved Packet Core (vEPC) market segmentation, based on deployment, includes on-premise and on-cloud. The on-premise segment generated the most income due to the large scale and size of incumbent enterprises still relying on physical servers for their networking requirements.
Virtualized Evolved Packet Core (vEPC) Applications Insights
The global Virtualized Evolved Packet Core (vEPC) market segmentation, based on applications, includes LTE, VOLTE, VOWiFi, IoT and M2M, and MPN & MVNO. IoT and M2M generated the most revenue. Several mobile operators have installed EPC in the IoT packet core network. VEPC solution providers are also preparing NFV solutions for the IoT cellular. It is simple for the operator to provide superior connections for M2M devices and explore innovative services for customers by adopting the vEPC solution in IoT core networks.
Virtualized Evolved Packet Core (vEPC) End-user Insights
The global Virtualized Evolved Packet Core (vEPC) market segmentation, based on end-user, includes telecom operators and enterprises. The telecom operators have generated the maximum market revenue. Telecom operators in many countries have already started using virtualized evolved packet core solutions. The South Korean carrier SK Telecom has successfully implemented a virtualized evolving packet core system. Telecom companies in North America and Asia-Pacific have also applied the technology to boost network effectiveness.
Figure 2: Virtualized Evolved Packet Core (vEPC) Market, by End-User, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Virtualized Evolved Packet Core (vEPC) Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American Virtualized Evolved Packet Core (vEPC) market area will dominate this market, owing to the presence of big telecom giants. In addition, the growing penetration of 5G and 6G infrastructure, research & development activities, and highly developed network connectivity will boost market growth in this region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: VIRTUALIZED EVOLVED PACKET CORE (VEPC) MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's Virtualized Evolved Packet Core (vEPC) market accounts for the second-largest market share due to the deployment of LTE and 5G-based network connectivity, smartphone penetration and research & development. Further, the German Virtualized Evolved Packet Core (vEPC) market held the largest market share, and the UK Virtualized Evolved Packet Core (vEPC) market was the fastest growing market in the European region.
The Asia-Pacific Virtualized Evolved Packet Core (vEPC) Market is expected to grow at the fastest CAGR from 2023 to 2032 due to the growing acceptance of cloud computing and Internet of Things (IoT)-based applications. Moreover, China’s Virtualized Evolved Packet Core (vEPC) market held the largest market share, and the Indian Virtualized Evolved Packet Core (vEPC) market was the fastest growing market in the Asia-Pacific region.
Virtualized Evolved Packet Core (vEPC) Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development to expand their product lines, which will help the Virtualized Evolved Packet Core (vEPC) market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Virtualized Evolved Packet Core (vEPC) industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global Virtualized Evolved Packet Core (vEPC) industry to benefit clients and increase the market sector. In recent years, the Virtualized Evolved Packet Core (vEPC) industry has offered some of the most significant advantages to technology. Major players in the Virtualized Evolved Packet Core (vEPC) market, including Nokia Corporation (Finland), Cisco System Inc. (US), Huawei Technologies Co. Ltd. (China), NEC Corporation (Japan), Ericsson AB (Sweden), SAMSUNG (South Korea), ZTE Corporation (China), Mitel Networks Corporation (US), Affirmed Networks (US), Athonet S.R.L.(Italy), and others, are attempting to increase market demand by investing in research and development operations.
Nokia Corporation is a multinational company that specializes in consumer electronics, information technology, and telecommunications. Nokia Corporation is also known as Nokia in Finnish and Swedish. The headquater of Nokia are situated in Espoo, Finland. The company was established in 1865. For instance: In September 2022, Nokia launched its newest Software-as-a-Service (SaaS) solution, Visualization, Automation, and Analytics (AVA) charging, intended to assist Communication Service Providers (CSPs) and enterprises in efficiency releasing new offerings for 5G and IoT usage cases. With its ‘Intelligence Everywhere’ method, Machine Learning (ML), AVA Charging leverages Artificial Intelligence (AI), Open APIs, no code configuration, multi-cloud orchestration and digital ecosystems to bring comprehensive capabilities.
Telefonaktiebolaget LM Ericcson, also known as Ericcson, is a global Swedish networking and telecommunications corporation headquartered in Stockholm. For telecom service providers and businesses, the company supplies software, infrastructure, and services in information and communications technology, and optical transport systems. Over 1, 00,000 individuals work for the corporation, which operates in over 180 nations. Over 57,000 awarded patents belong to Erricson. One of the pioneers in 5G, Ericsson has made important contributions to the growth of the telecom sector. For Instance: In February 2023, Ericsson and Econet will roll out 5G in Zimbave. Due to the cooperation, Econet will have access to Ericsson’s most recent Radio Access Network (RAN) and 5G Evolved Packet Core (EPC) solutions, which are much faster than 4G and will improve user experience and capacity.
Key Companies in the Virtualized Evolved Packet Core (vEPC) market include
-
Nokia Corporation (Finland)
-
Cisco System Inc. (US)
-
Huawei Technologies Co. Ltd. (China)
-
NEC Corporation (Japan)
-
Ericsson AB (Sweden)
-
SAMSUNG (South Korea)
-
ZTE Corporation (Chine)
-
Mitel Networks Corporation (US)
-
Affirmed Networks (US)
-
Athonet S.R.L. (Italy)
Virtualized Evolved Packet Core (vEPC) Industry Developments
In February 2023, Intel Corporation and SK Telecom have announced the release of Intel Infrastructure Power Manager for 5G Core, which saves an average of 30% CPU power at runtime with built-in acceleration to meet critical performance, scaling and power requirements.
In June 2021, Nokia Corporation, in partnership with DISH, deployed the first standalone 5G core network on the public cloud using AWS. Network operations become streamlined when you deploy network on AWS; it is possible to quickly install new software and services and support integration for a legion of innovative use cases for customers.
In October 2022, to support the development of 5G ecosystems and advance 6G research in Europe, Smart Networks and Services Joint Undertaking (SNS JU) has chosen its initial portfolio of thirty-five research, innovation and trial projects. The objective is to create a world-class European supply chain for state-of-the-art 5G systems and expand Europe's technology capabilities in the area of 6G technologies under Horizon Europe through total funding for this new set of about €250 million.
In September 2022, Nokia released AVA Charging - Software as a Service (SaaS); this product will enable CSPs as well as enterprises to quickly commercialize new offerings for lot & 5 G use cases.
In June 2019, Mavenir began offering an alternative Virtual RAN aimed at ending the global mobile network supply oligopoly and is currently contesting several tenders/RFIs for mobile networks across the APAC region.
In May 2019, Vodafone Idea Limited will deploy the Ericsson cloud packet core to enhance network performance.VIL will benefit from Ericsson’s leading applications in the core network and Network Functions such as Ericsson virtual Evolved Packet Gateway (vEPG), Service-Aware Policy Controller (vSAPC) and Virtualization Infrastructure (NFVI) solution enabling the fast introduction of new services and providing full-service continuity.
In November 2017, Ericsson worked with Telefónica Chile to deploy its NFV solution, including vEPC, virtual Authentication Authorization and Accounting (AAA), Virtual IP Multimedia Subsystem (IMS) and NFVi infrastructure to virtualize their network function.
Virtualized Evolved Packet Core (vEPC) Market Segmentation
Virtualized Evolved Packet Core (vEPC) Component Outlook
-
Solutions
-
Services
Virtualized Evolved Packet Core (vEPC) Deployment Outlook
-
On-Premise
-
On-Cloud
Virtualized Evolved Packet Core (vEPC) Applications Outlook
-
LTE
-
VOLTE
-
VOWiFi
-
IoT and M2M
-
MPN and MVNO
Virtualized Evolved Packet Core (vEPC) End-User Outlook
-
Telecom Operators
-
Enterprises
Virtualized Evolved Packet Core (vEPC) Regional Outlook
-
North America
-
US
-
Canada
-
Europe
-
Germany
-
France
-
UK
-
Italy
-
Spain
-
Rest of Europe
-
Asia-Pacific
-
China
-
Japan
-
India
-
Australia
-
South Korea
-
Australia
-
Rest of Asia-Pacific
-
-
Rest of the World
-
Middle East
-
Africa
-
Latin America
-
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
