Global Virtual Evolved Packet Core (vEPC) Market Poised to Witness Staggering CAGR of Over 36% through 2026

A new research report titled, “Virtual Evolved Packet Core (vEPC) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026” has been added to the comprehensive repository of Market Research Reports Search Engine (MRRSE). According to the research study, the global virtual evolved packet core (vEPC) market is likely to grow at over 36% CAGR during the assessment period.

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The research study highlights the key factors that are influencing the growth of the global virtual evolved packet core (vEPC) market. According to the report, growth of the market is influenced by a range of factors including increase in the proliferation of smartphones, rising penetration of LTE subscribers, and growing emphasis on CapEx and OpEx savings. In addition to these factors, demand is also likely to witness an increase on account of growing emphasis on high speed data networks and higher mobility.

According to the report, cloud continues to be one of the most prominent segments in the virtual evolved packet core (vEPC) market. A large number of enterprises are moving to cloud mode of deployment, which is likely to fuel the adoption of cloud during the assessment period. The report projects that cloud segment will continue to gain prominence in the market during the assessment period.

The research study also offers market forecast and analysis on the basis of region. Some of the key regions covered in the report include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). According to the report, North America will continue to hold its dominance in the virtual evolved packet core (vEPC) market globally. The adoption of these services in North America will remain concentrated in the US, with Canada accounting for miniscule percentage of revenue share.

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Consumers and enterprises in the US have been early adopters of 4G, 5G, and LTE technologies, which has been a key growth factor for the market. In addition to growing pervasiveness of these new technologies, the presence of a number of technology companies in the country is also likely to provide a fillip to the prospects of the market. According to the report, Europe and Asia Pacific are the other key markets, which are likely to provide a steady stream of opportunities to vendors in the virtual evolved packet core (vEPC) market.

The research study also offers insights on the competitive landscape in the market. According to the study, some of the leading players in the virtual evolved packet core market includeEricsson AB, Nokia Corporation, ZTE Corporation, Huawei Technologies Co., Ltd., Cisco Systems, Inc., Intel Corporation, NEC Corporation, Mavenir, Affirmed Networks and ng4T GmbH.

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This release was published on openPR.