[197 Pages Report] The Virtualized Evolved Packet Core Market size was estimated at USD 9.00 billion in 2023 and expected to reach USD 10.26 billion in 2024, at a CAGR 14.45% to reach USD 23.16 billion by 2030.
The virtual evolved packet core(vEPC) refers to the framework for virtualizing the functions of the evolved packet core (EPC), which has traditionally been utilized in LTE networks. By harnessing the principles of network functions virtualization (NFV), vEPC enables the core network functions to be run on generic servers rather than on specialized hardware, allowing for greater scalability, flexibility, and efficiency in the management and deployment of network services. Government initiatives to achieve digitalization capabilities in diverse industrial sectors, including telecommunication and network infrastructure, are also gaining traction. However, complexities in integrating vEPC with existing mobile core and back office systems and the possibility of privacy breaches and loss of data security pose hurdles to the widespread adoption of the technology. However, major players are continuously exploring the integration of new technologies such as AI, Ml, and IoT to overcome regulatory and technical challenges. Furthermore, the proliferation of 4G LTE networks and the transition towards 5G can provide new avenues of growth for the industry. With the ability to provide higher throughput, lower latency, and massive device connectivity, 5G deployment serves as a major driver for widening applications of vEPC technology.
Regional Insights
North America, being a developed market, witnesses higher use and production of virtually evolved packet cores (vEPC), primarily due to advanced technology implementations and dense network infrastructures. Compatibility with 4G LTE and 5G networks has increased vEPC’s popularity in the region. Major telecom companies actively involved in vEPC are based in the U.S. and Canada, and South America exhibits a growing trend for vEPC. Asia exhibits a dynamic picture of vEPC use, with rapidly growing economies such as India and China witnessing huge demand due to massive mobile data consumption and infrastructure development. A significant penetration rate of 4G and impending 5G adoption are driving up the vEPC market in the region. Countries such as Japan and South Korea are leading in production capabilities, with some regional companies at the forefront. In Europe, vEPC is extensively utilized due to the proliferation of LTE networks and the emphasis on network virtualization. High-end smartphone usage and the rising need for high-speed data are contributing factors. Western Europe, especially the UK, Germany, and France, show high production rates with the government spearheading the 5G initiative. The rise in data traffic, IoT proliferation, and the advent of 5G are factors encouraging companies to invest heavily in vEPC solutions in the Middle East & Africa.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Virtualized Evolved Packet Core Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Virtualized Evolved Packet Core Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Virtualized Evolved Packet Core Market, highlighting leading vendors and their innovative profiles. These include Athonet S.r.l. by Hewlett Packard Enterprise Company, Cisco Systems, Inc., Cumucore Oy, Druid Software, F5, Inc., Huawei Technologies Co., Ltd., Intel Corporation, IPLOOK Technologies, Juniper Networks, Inc., LEMKO Corporation, Mavenir Systems, Inc., Microsoft Corporation, NEC Corporation, Nokia Corporation, Parallel Wireless, Inc., Polaris Networks by Motorola Solutions, Inc., Radisys Corporation by Jio Infocomm Limited, Red Hat, Inc. by International Business Machines Corporation, Samsung Electronics Co., Ltd., Tech Mahindra Limited, Tecore Inc., Telefonaktiebolaget LM Ericsson, Telrad Networks by Cassava Technologies, VMware, Inc., and ZTE Corporation.
Market Segmentation & Coverage
This research report categorizes the Virtualized Evolved Packet Core Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Component
- Services
- Consulting
- Integration & Deployment
- Managed Services
- Professional Services
- Training & Support
- Solutions
- HSS
- MME
- PDN-GW
- S-GW
- Services
- Network
- 4G Network
- 5G Network
- Deployment Mode
- Cloud
- On-Premises
- End-User
- Enterprises
- Telecom Operators
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Virtualized Evolved Packet Core Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Virtualized Evolved Packet Core Market?
- What are the technology trends and regulatory frameworks in the Virtualized Evolved Packet Core Market?
- What is the market share of the leading vendors in the Virtualized Evolved Packet Core Market?
- Which modes and strategic moves are suitable for entering the Virtualized Evolved Packet Core Market?
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