Virtualized Evolved Packet Core Market Set for Unprecedented Growth, Projected to Reach $19.87 Billion by 2031

Meticulous Research® is thrilled to unveil its latest report on the virtualized evolved packet core (vEPC) market, revealing a robust growth trajectory driven by technological advancements and escalating demand for high-speed data services. According to the report, the vEPC market is forecasted to reach $19.87 billion by 2031, achieving a notable compound annual growth rate (CAGR) of 19.3% from 2024 to 2031. This anticipated growth underscores the market's potential and the transformative impact of vEPC solutions on the global telecom landscape.

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Market Overview

The virtualized evolved packet core market is experiencing a dynamic surge in growth, largely fueled by several key factors. The relentless increase in mobile data traffic, coupled with the rising demand for high-speed and reliable data services, is driving market expansion. Investments in 5G technology, the adoption of cloud-native 5G core solutions, and the growing prevalence of Internet of Things (IoT) technology are contributing to this upward trajectory. However, the market is not without its challenges, notably the data security risks associated with vEPC infrastructure, which pose significant concerns for stakeholders.

Market Segmentation Analysis

The vEPC market is segmented into various categories, providing a comprehensive view of its dynamics. These segments include components, applications, deployment modes, end users, and geographic regions. Each segment offers unique insights into the market's growth drivers, opportunities, and challenges.

1. Component Segmentation
The vEPC market is primarily categorized into solutions and services, each playing a crucial role in the market's expansion.

• Solutions: This segment includes critical components such as mobility management entities (MMEs), home subscriber servers (HSS), serving gateways (SGWs), packet data network gateways (PGWs), and policy & charging rules functions (PCRFs). The solutions segment is expected to command a significant share of the market in 2024. The dominance of this segment is attributed to the growing need to reduce operational and capital expenditures. Moreover, the benefits offered by vEPC solutions, such as enhanced agility, flexibility, scalability, and low-latency delivery, are driving their widespread adoption. For example, T-Mobile USA's partnership with Cisco Systems to launch a cloud-native converged core gateway illustrates the industry's focus on advanced solutions that enhance performance and efficiency.

• Services: The services segment encompasses professional services (including integration, consulting, training, and maintenance) and managed services. This segment is projected to exhibit a higher CAGR during the forecast period, driven by the increasing demand for vEPC consulting, solution development, and maintenance. The expansion of this segment highlights the critical role of comprehensive support services in optimizing vEPC solutions and ensuring their effective deployment and operation.

2. Application Segmentation
The vEPC market is divided into several key applications, each contributing to the market's growth in distinct ways:

• Mobile Private Network & Mobile Virtual Network Operators (MPN & MVNO): This segment is anticipated to hold the largest market share in 2024. The growth in this segment is driven by the increasing penetration of mobile devices, the rising demand for cost-effective mobile services, and the need for high-speed internet connectivity. The adoption of vEPC solutions by MPNs and MVNOs facilitates faster and more cost-effective LTE and IMS network deployments. For instance, Summa Networks' partnership with Cirrus Core Networks underscores the focus on providing innovative solutions that enhance the capabilities of MNOs and MVNOs.

• Long-term Evolution & Voice over Long-term Evolution (LTE & VoLTE): LTE and VoLTE applications are essential for delivering high-speed mobile data and voice services. This segment is experiencing steady growth as network operators invest in upgrading their LTE and VoLTE offerings to meet the growing demand for high-quality voice and data services.

• Internet of Things & Machine to Machine (IoT & M2M): The IoT & M2M segment is projected to grow at the highest CAGR during the forecast period. The increasing need for remote monitoring, autonomous decision-making, and control over industrial equipment drives this growth. The expansion of IoT and M2M applications underscores the demand for advanced vEPC solutions capable of managing large-scale networks of connected devices. This segment's growth is indicative of the broader trend toward digital transformation and the integration of smart technologies.

3. Deployment Mode Segmentation
The vEPC market is analyzed based on deployment modes, including on-premise and cloud-based deployments:

• On-Premise Deployments: In 2024, on-premise deployments are expected to capture a larger market share. This preference is driven by large enterprises and telecom operators seeking greater control over their network infrastructure. On-premise deployments offer enhanced security, customization options, and the ability to tailor solutions to specific organizational needs. This segment's growth reflects the ongoing demand for robust and secure network solutions.

• Cloud-Based Deployments: Cloud-based deployments are anticipated to experience a higher CAGR during the forecast period. The advantages of cloud-based vEPC solutions-such as cost-effectiveness, scalability, and ease of maintenance-are driving their adoption. Cloud deployments provide superior flexibility, allowing organizations to quickly adapt to changing network demands and optimize their infrastructure. The shift towards cloud-based solutions is a significant trend in the vEPC market, reflecting broader industry movements towards cloud computing and virtualization.

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4. End User Segmentation
The vEPC market is analyzed across various end users, including telecom operators, enterprises, and other entities:

• Telecom Operators: This segment is projected to dominate the market in 2024. Telecom operators are increasingly adopting vEPC solutions to enhance network performance, improve latency, and reduce operational costs. The need to deliver high-speed connectivity, reliable application services, and efficient network management drives the demand for vEPC solutions among telecom providers. The segment is also expected to register the highest CAGR during the forecast period as telecom operators seek to innovate and optimize their networks.

• Enterprises: Enterprises across diverse sectors, including BFSI (Banking, Financial Services, and Insurance), IT, travel & consumer, media & entertainment, and healthcare, are adopting vEPC solutions to support digital transformation and improve network performance. Enterprises are leveraging vEPC solutions to achieve greater agility, scalability, and cost-effectiveness in their network operations. The growing adoption of vEPC among enterprises reflects the broader trend of digitalization and the need for advanced network infrastructure.

• Other End Users: This category includes various entities utilizing vEPC solutions for specialized applications and needs. The diversity of use cases and the increasing complexity of network requirements contribute to the overall growth of the vEPC market. This segment's growth is driven by the expanding range of applications and the need for tailored vEPC solutions.

5. Geographic Segmentation
The vEPC market is segmented by geographic regions, each with its own growth dynamics:

• North America: North America is expected to hold the largest market share in 2024. The region's advanced telecom infrastructure, government support for 5G development, and high adoption of cloud-based services contribute to its market dominance. The expansion of 5G capabilities and the increasing demand for advanced networking solutions drive North America's market growth. Notable initiatives include Telefonaktiebolaget Lm Ericsson's partnership with Nex-Tech Wireless to enhance 5G capabilities in rural Kansas, highlighting the region's focus on expanding 5G infrastructure and deploying advanced network solutions.

• Asia-Pacific: The Asia-Pacific region is projected to experience the highest CAGR during the forecast period. The region's growth is driven by the increasing number of mobile subscribers, rising mobile data traffic, and high penetration of mobile devices and smartphones. Investments in 5G-ready cloud core and Network Functions Virtualization Infrastructure (NFVI) solutions are also contributing to the market's expansion. Asia-Pacific is a strategic growth area for leading players in the vEPC market, with initiatives such as Asia-Pacific Telecom Co Ltd's selection of Ericsson for LTE network modernization in Taiwan.

• Europe, Latin America, and the Middle East & Africa: These regions are also witnessing growth in the vEPC market, driven by regional investments in telecom infrastructure, the adoption of advanced networking technologies, and increasing demand for high-speed data services. Each region presents unique opportunities and challenges that contribute to the global expansion of the vEPC market.

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Competitive Landscape
The vEPC market is characterized by the presence of several key players, each contributing to the market's growth through innovation, strategic partnerships, and technological advancements. Prominent players in the vEPC market include:

1. Cisco Systems, Inc.: As a global leader in networking solutions, Cisco Systems is known for its comprehensive vEPC offerings. The company's strategic collaborations and innovations are pivotal in enhancing network capabilities and driving market growth.

2. Telefonaktiebolaget Lm Ericsson SE: Ericsson is a major player in the vEPC market, providing advanced solutions and services to support 5G and LTE networks. The company's ongoing innovations and strategic partnerships are instrumental in shaping the market's future.

3. Huawei Technologies Co., Ltd.: Huawei is a leading provider of telecom infrastructure, offering a range of vEPC solutions that support global network expansion. The company's technological advancements and market presence contribute to its significant role in the vEPC market.

4. Samsung Electronics Co., Ltd.: Samsung is actively involved in developing and deploying vEPC solutions, contributing to advancements in 5G and IoT technologies. The company's innovations and solutions are key drivers of market growth.

5. Nokia Corporation: Nokia offers innovative vEPC solutions and services, supporting network operators and enterprises in enhancing their telecom infrastructure. The company's focus on digital transformation and network optimization is central to its market presence.

6. Affirmed Networks (a subsidiary of Microsoft Corporation): Affirmed Networks leverages Microsoft's technological expertise to provide cloud-native vEPC solutions. The company's solutions are instrumental in advancing network performance and scalability.

7. Mavenir Systems, Inc.: Mavenir provides vEPC solutions designed to enhance network flexibility and performance. The company's focus on innovation and industry collaboration supports its growth in the market.

8. ZTE Corporation: ZTE offers a range of vEPC solutions that contribute to network optimization and efficiency. The company's technological advancements and market strategies are key to its success.

9. F5 Inc.: F5 provides vEPC solutions that support network reliability and performance. The company's focus on enhancing network security and scalability is crucial to its market position.

10. NEC Corporation: NEC is a significant player in the vEPC market, offering solutions that enhance network capabilities and support digital transformation. The company's strategic partnerships and innovations drive its market presence.

11. IPLOOK Networks (Hong Kong) Co., Limited: IPLOOK Networks offers vEPC solutions designed to support diverse network needs. The company's solutions contribute to the overall growth of the market.

12. Parallel Wireless, Inc.: Parallel Wireless provides vEPC solutions that enhance network performance and scalability. The company's focus on innovation and customer support is key to its market success.

13. Polaris Networks (a subsidiary of Motorola Solutions, Inc.): Polaris Networks offers vEPC solutions designed to improve network efficiency and scalability. The company's solutions cater to various network requirements and contribute to market growth.

14. Athonet S.r.l. (a subsidiary of Hewlett Packard Enterprise): Athonet provides vEPC solutions that enhance network capabilities and support digital transformation initiatives. The company's focus on advanced solutions drives its market presence.

15. Intel Corporation: Intel's advanced processing technologies play a crucial role in supporting vEPC infrastructure and enhancing overall network performance. The company's innovations contribute to market growth.

16. Tecore Networks: Tecore Networks offers vEPC solutions designed to improve network reliability and performance. The company's solutions support various network needs and contribute to market expansion.

17. Lemko Corporation: Lemko provides vEPC solutions that cater to diverse network needs and contribute to market growth. The company's focus on tailored solutions supports its market presence.

18. Metaswitch Networks Ltd (a subsidiary of Microsoft Corporation): Metaswitch Networks leverages Microsoft's technological expertise to offer cloud-native vEPC solutions. The company's innovations and solutions drive growth in the market.

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