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Virtualized Evolved Packet Core Market Exclusive Report on Current Trends and Future Insights
According to the latest research by InsightAce Analytic, the Global Virtualized Evolved Packet Core Market is valued at US$ 7.04 Bn in 2022, and it is expected to reach US$ 30.36 Bn by 2031, with a CAGR of 17.8% during a forecast period of 2023-2031.
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Network Function Virtualization (NFV) transforms how mobile networks are built and operated by virtualizing key functionalities within the Evolved Packet Core (EPC). This evolution gives rise to the Virtual Evolved Packet Core (vEPC), a software-based framework that manages the routing and processing of voice and data traffic in mobile networks.
Originally developed for 4G LTE networks, vEPC is now a foundational technology for the deployment and expansion of 5G infrastructure. By leveraging software-defined networking (SDN) and robust virtualization technologies, mobile service providers can design and adjust network functions dynamically to meet the varied demands of enterprise and consumer applications.
List of Prominent Players in the Virtualized Evolved Packet Core Market:
• ZTE Corporation (China)
• Cisco Systems Inc. (U.S.)
• Telefonaktiebolaget LM Ericsson SE (Sweden)
• Affirmed Networks Inc. (U.S.)
• Mavenir Systems Inc. (U.S.)
• Huawei Technologies Co. Ltd. (China)
• Samsung Electronics Co. Ltd. (South Korea)
• Tecore Inc. (U.S.)
• Nokia Corporation (Finland)
• Parallel Wireless Inc. (U.S.)
• F5 Networks Inc. (U.S.)
• NEC Corporation (Japan)
• IPLOOK Technologies Co Ltd (China)
• Polaris Networks (U.S.)
• Athonet SRL (Italy)
• LEMKO Corporation (U.S.)
• Metaswitch Networks (U.K.)
• Intel Corporation (U.S.)
Market Dynamics:
Drivers-
The surge in mobile data traffic can largely be attributed to the growing number of wireless devices and their increasing connectivity to mobile networks around the world. The widespread adoption of smartphones and the availability of affordable, high-speed network connections are key contributors to the expanding global mobile data traffic.
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Challenges:
The onset of the COVID-19 pandemic has affected nearly every industry worldwide, including the mobile networking sector. Supply chains for networking and electronic components were significantly disrupted due to lockdown measures and restrictions on the movement of non-essential goods. As a result, the availability of the necessary components for network equipment has been delayed. Samsung Electronics, a major player in the electronics sector, has projected a slowdown in 5G investment for the second quarter of the year due to the ongoing pandemic.
Regional Trends:
In North America, the market for Virtualized Evolved Packet Core (vEPC) solutions is expected to secure a dominant share, driven by the presence of major telecom operators. These companies are increasingly utilizing their networks for wireless broadband, machine-to-machine (M2M) communications, and the Internet of Things (IoT). The U.S. government's 2018 initiative to open up the Citizens Broadband Radio Service (CBRS) band for commercial use is expected to further stimulate the demand for vEPC solutions, particularly in the enterprise sector. This growth is also fueled by the rising demand for Voice over LTE (VoLTE) and multimedia services.
Recent Developments:
• In Feb 2023, Nokia and Comcast have jointly revealed plans to utilise Nokia's 5G software and support services. This collaboration aims to equip Comcast with the necessary tools to offer enhanced connectivity experiences to its Xfinity Mobile and Comcast Business Mobile clients in various regions throughout the United States..
• In Feb 2019, Intel unveiled the Intel® FPGA Programmable Acceleration Card N3000 (Intel® FPGA PAC N3000), which has been specifically developed for service providers with the aim of facilitating the implementation of 5G next-generation core and virtualized radio access network solutions. The Intel FPGA PAC N3000 is capable of enhancing the performance of various virtualized workloads, encompassing a wide range of applications such as 5G radio access networks and core network applications..
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Segmentation of Virtualized Evolved Packet Core Market-
By Offerings-
• Solutions
o Virtualized Packet Gateway
o Virtualized Mobility Management Entity (vMME)
o Policy and Charging Rules Function (PCRF)
• Services
o Consulting and Advisory Services
o System Integration and Deployment Services
o Maintenance and Support Services
Deployment Mode
• On-Premises
• Cloud-based
By Network Type-
• LTE
• 5G
By End-User-
• Telecommunication Service Providers
o Mobile Network Operators (MNOs)
o Virtual Network Operators (VNOs)
• Enterprises
o Manufacturing
o Healthcare
o Transportation and Logistics
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.https://www.insightaceanalytic.com/images_data/148861653.
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