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Virtualized Evolved Packet Core Market Share 2023 Size, Emerging Trends, Competitive Landscape, Innovations and Business Outlook till 2031 | Cisco Systems Inc., Telefonaktiebolaget LM Ericsson, NEC Corporation
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According to Statista - in 2019, global mobile data traffic was estimated at 28.56 exabytes per month, and the mobile data traffic further increased to 77.49 exabytes per month in 2022. Moreover, another key factor driving the market is increasing penetration of IoT connected devices. For instance, according to Statista - in 2020, the total number of Internet of Things (IoT) devices worldwide were estimated at 9.7 billion, and the number of IoT devices is projected to grow to 29 billion by 2030. Also growing emergence of 5G services worldwide and increasing advancements in Machine-to-Machine (M2M) communication networks would create lucrative growth prospectus for the market over the forecast period. However, lack of awareness and resources to shift toward virtualization and rising concern over cyber security impede the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Virtualized Evolved Packet Core Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share owing to presence of leading market players and growing investment in5G infrastructure in the region. Whereas, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising penetration of smartphone subscribers and IoT devices coupled with increasing deployment of 4G and 5G networks in the region.
Major market players included in this report are:
Cisco Systems Inc.
Telefonaktiebolaget LM Ericsson
NEC Corporation
Mavenir
ZTE Corporation
Red Hat Inc.
Nokia Corporation
Huawei Technologies Ltd.
Affirmed Solutions Inc.
Samsung Electronics Ltd.
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Recent Developments in the Market:
In February 2020, Latin America based Millicom, a provider of cable and mobile services, partnered with Affirmed Networks for virtual Evolved Packet Core solution. Under this partnership, Millicom would deploy Affirmed's virtual Evolved Packet Core (vEPC) solution on VMware's vCloud NFV platform, for the rollout of new mobile and Wi-Fi services in the North American region.
In August 2020, Taiwanese mobile operator Asia Pacific Telecom (APT) announced selection of Finland based Nokia as the single vendor for 5G New Radio (NR). Under this partnership, Nokia would provide its AirScale Radio Access solutions. Moreover, Nokia would also deploy its cloud-native Cloud Mobile Gateway (CMG) and Cloud Mobility Manager (CMM) appliance solutions from its Cloud Packet Core (CPC) portfolio.
Global Virtualized Evolved Packet Core Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Component, Deployment Type, Network, End-User, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Component:
Solution
Services
By Deployment Type:
Cloud
On-premises
By Network:
5G Network
4G Network
By End-User:
Telecom Operators
Enterprise
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Aim of the Report
This study aims to determine the market size of various segments and countries with forecast values for next ten years.
Within the regions and countries studied, the report covers both qualitative and quantitative aspects of the industry.
It also provides detailed information about the crucial aspects such as drivers & challenges that will influence the market's future growth.
The report will also include investment opportunities in micro markets for stakeholders. In addition, an in-depth analysis of key players' products and the competitive landscape.
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