Virtualized Evolved Packet Core Market Competitive Landscape Shaped by Key Players Including Affirmed Networks Mavenir Systems Cisco and Ericsson

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Virtualized Evolved Packet Core Market- (By Offerings (Solutions(Virtualized Packet Gateway, Virtualized Mobility Management Entity (vMME), Policy and Charging Rules Function (PCRF)), Services (Consulting and Advisory Services, System Integration and Deployment Services, Maintenance and Support Services)), Deployment Mode (On-Premises, Cloud-based), By Network Type (LTE, 5G), By End-User (Telecommunication Service Providers, (Mobile Network Operators (MNOs), Virtual Network Operators (VNOs)), Enterprises (Manufacturing (Healthcare, Transportation and Logistics)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

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) refers to the virtualization of core functionalities within an Evolved Packet Core (EPC), enabling the deployment of a Virtual Evolved Packet Core (vEPC) framework. The vEPC is responsible for managing and routing voice and data traffic in mobile networks and has been extensively implemented within 4G LTE infrastructures. Its adoption is expected to play a pivotal role in the rollout and optimization of emerging 5G networks. By strategically integrating various network components, mobile operators can customize their networks to meet the specific requirements of diverse customer segments.

The vEPC framework supports a wide range of network standards, including wireless broadband, non-3GPP technologies, 2G, 3G, LTE, and the 5G core network. Operating on software-defined networking (SDN) principles and a carrier-grade virtualization platform, it ensures efficient and reliable management of mobile access systems.

The Virtualized Evolved Packet Core is instrumental in the evolution of mobile networks, offering enhanced flexibility, scalability, and cost-efficiency. These capabilities are critical for addressing the increasing demand for mobile data and supporting advanced services enabled by 5G technology.

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.)

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Market Dynamics
Drivers:
The growth of mobile data traffic is primarily driven by the increasing diversity and number of wireless devices connecting to mobile networks globally. The widespread adoption of smartphones, combined with greater access to affordable high-speed network connections, continues to fuel the expansion of mobile data consumption across regions.

Challenges:
The COVID-19 pandemic has significantly disrupted industries worldwide, including the telecommunications sector. Supply chains for networking equipment and electronic components were adversely affected due to lockdowns and restrictions on the transport of non-essential goods in multiple countries. These disruptions led to delays in the production and delivery of critical components required for network infrastructure. For instance, South Korean electronics leader Samsung Electronics projected a slowdown in 5G capital expenditures during the second quarter, reflecting the broader impact of the pandemic on the rollout of advanced mobile networks.

Regional Trends:
North America is expected to hold a substantial share of the Virtualized Evolved Packet Core (vEPC) market, supported by the presence of major telecommunications providers. Operators in the region deploy networks for wireless broadband, machine-to-machine (M2M) communications, and Internet of Things (IoT) applications. Government initiatives, such as the allocation of the Citizens Broadband Radio Service (CBRS) spectrum to commercial operators and enterprises, are expected to drive further adoption of vEPC solutions in the enterprise segment. Additionally, the increasing demand for Voice over LTE (VoLTE) and the growing utilization of multimedia services are contributing to market expansion in this region.

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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