Virtualized Evolved Packet Core Market

Virtualized Evolved Packet Core Market was estimated at USD 3,700 Million in 2020 and predicted to grow at a CAGR of 22.8% during the forecast period.

Introduction of the Virtualized Evolved Packet Core Market Report

Virtualized evolved packet core solutions refer to the structure that helps in virtualizing the functions provided to assemble a voice and data 4G network. The vPEC moves components of the core network to software that runs on low cost commercial off-the-shelf servers. The global virtualized evolved packet core market covers components, such as solutions and services

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Market Dynamic

Key Drivers and Emerging Trends

One of the biggest factors that is contributing to the growth of the global Virtualized Evolved Packet Core market includes the rising mobile network data traffic around the world. According to the Ericsson Mobility report 2020, the total mobile data traffic is projected to touch approximately 51 Exabyte per month by the end of 2020 and is estimated to reach 226EB per month by 2026. The video traffic at present approximately 66% of all mobile data traffic. During the COVID-19 pandemic, there have been restrictions as lockdown and constraints on movement; the traffic pattern has changed. For example, in India, the average monthly mobile data usage per smartphone witnessed a growth due to the increasing adoption of 4G, particularly among the people working from work. In addition to this, the growing awareness related to the various advantages of Virtual Evolved Packet Core such as network cost reduction, improved network architecture flexibility, improved and faster delivery services, and increased automation. Moreover, the rising number of devices, users, and applications is further surging the market growth over the coming years.

Restraint in the Virtualized Evolved Packet Core Market

However, the growing security concerns is likely to hamper the market growth over the coming years.

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Network Type – Segment Analysis

Based on the network type, the 5G services is expected to grow at a higher CAGR during the forecast period. The Virtualized Evolved Packet Core market is a cloud-native next-generation virtualized core network architecture. Operators are constrained by legacy vendor architectures that are unchanged for 25 years. The new 3G NSA architectures embrace a software-centric approach and promote more automation and service versatility.

Application – Segment Analysis

Based on the application, the LTE, VOLTE, and VOWI-FI is expected to grow at a higher CAGR during the forecast period. The increasing usage of LTE, Voice over LTE, and Voice over Wi-Fi services for the vEPC solutions is contributing to the market growth over the coming years. The VOWi-Fi has similar functions to that of a mobile core network as VoLTE.

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Regional – Segment Analysis:

Based on the region, Asia-Pacific is expected to dominate the market during the forecast period. The increasing adoption of advanced technologies in various industry verticals is surging the market growth. In addition to this, the continuous growth in the infrastructural development in Asian countries including South Korea, Singapore, China, and India, is further contributing to the market growth. There has been an increase in the deployment of 4G and 5G networks is creating new opportunities for the implementation of the virtualized evolved packet core solutions.

Top Market Players

Some of the leading players operating in the market include Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., Nokia, ZTE, CISCO, Affirmed Networks, Mavenir, SAMSUNG, Cumucore, and Athonet srl, among others.

Key Developments:

• • In 2020, Nokia selected Taiwanese mobile operator Asia Pacific Telecom (APT) as the single vendor for 5G New Radio (NR) with a deal that encompasses 5G core, security, and monetization.’
  • In 2020, Mavenir entered in a partnership with Hudson Valley Wireless to offer its cloud-native LTE vPEC to support Hudson’s recent project.
  • In 2019, CISCO partnered with Gogo, one of the leading broadband connectivity service providers to the aviation industry. Through this partnership, the company offered mobile core solution, such as packer core and Ultra Cloud core solutions.

Segments covered in the Report:

The global Virtualized Evolved Packet Core market has been segmented on the basis of Component, Network Type, End Use, Application, and regions. Based on Component, the market is segmented into Solutions and Services. Based on Deployment Model the market is segmented into On-Premises and Cloud. Based on the Network Type, the market is segmented into 4G Network and 5G Network. Based on the End User, the market is segmented into Telecom Operators and Enterprises. Based on the Application, the market is segmented into LTE, VOLTE, and VOWi-Fi, Broadband wireless access, and IOT and M2M. 

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Key questions answered in this research report:

• • At what pace is global Virtualized Evolved Packet Core market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Virtualized Evolved Packet Core market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Virtualized Evolved Packet Core market?
  • Which Component generated maximum revenues in 2019 and identify the most promising Component during the forecast period?
  • What are the various Solution areas of global Virtualized Evolved Packet Core market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Virtualized Evolved Packet Core Market by Component

• • Solutions
  • Services

Global Virtualized Evolved Packet Core Market by Deployment Mode

• • On-Premises
  • Cloud

Global Virtualized Evolved Packet Core Market by Network Type

• • 4G Network
  • 5G Network

Global Virtualized Evolved Packet Core Market by End User

• • Telecom Operators
  • Enterprises

Global Virtualized Evolved Packet Core Market by Application

• • LTE, VOLTE, and VOWi-Fi
  • Broadband wireless access
  • IOT and M2M

Global Virtualized Evolved Packet Core Market by Region

• • North America Virtualized Evolved Packet Core Market (Option 1: As a part of the free 25% customization)
    • North America Virtualized Evolved Packet Core Market by Component
    • North America Virtualized Evolved Packet Core Market by Deployment Model
    • North America Virtualized Evolved Packet Core Market by Network Type
    • North America Virtualized Evolved Packet Core Market by End User
    • North America Virtualized Evolved Packet Core Market by Application
    • US Virtualized Evolved Packet Core Market All-Up
    • Canada Virtualized Evolved Packet Core Market All-Up
  • Europe Virtualized Evolved Packet Core Market (Option 2: As a part of the free 25% customization)
    • Europe Virtualized Evolved Packet Core Market by Component
    • Europe Virtualized Evolved Packet Core Market by Deployment Model
    • Europe Virtualized Evolved Packet Core Market by Network Type
    • Europe Virtualized Evolved Packet Core Market by End User
    • Europe Virtualized Evolved Packet Core Market by Application
    • UK Virtualized Evolved Packet Core Market All-Up
    • Germany Virtualized Evolved Packet Core Market All-Up
    • France Virtualized Evolved Packet Core Market All-Up
    • Spain Virtualized Evolved Packet Core Market All-Up
    • Rest of Europe Virtualized Evolved Packet Core Market All-Up
  • Asia-Pacific Virtualized Evolved Packet Core Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Virtualized Evolved Packet Core Market by Component
    • Asia-Pacific Virtualized Evolved Packet Core Market by Deployment Model
    • Asia-Pacific Virtualized Evolved Packet Core Market by Network Type
    • Asia-Pacific Virtualized Evolved Packet Core Market by End User
    • Asia-Pacific Virtualized Evolved Packet Core Market by Application
    • China Virtualized Evolved Packet Core Market All-Up
    • India Virtualized Evolved Packet Core Market All-Up
    • Japan Virtualized Evolved Packet Core Market All-Up
    • Rest of APAC Virtualized Evolved Packet Core Market All-Up
  • RoW Virtualized Evolved Packet Core Market (Option 4: As a part of the free 25% customization)
    • RoW Virtualized Evolved Packet Core Market by Component
    • RoW Virtualized Evolved Packet Core Market by Deployment Model
    • RoW Virtualized Evolved Packet Core Market by Network Type
    • RoW Virtualized Evolved Packet Core Market by End User
    • RoW Virtualized Evolved Packet Core Market by Application
    • Brazil Virtualized Evolved Packet Core Market All-Up
    • South Africa Virtualized Evolved Packet Core Market All-Up
    • Saudi Arabia Virtualized Evolved Packet Core Market All-Up
    • UAE Virtualized Evolved Packet Core Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Virtualized Evolved Packet Core Market All-Up

Major Players Operating in the Virtualized Evolved Packet Core (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Telefonaktiebolaget LM Ericsson
  • Huawei Technologies Co., Ltd.
  • Nokia
  • ZTE
  • CISCO
  • Affirmed Networks
  • Mavenir
  • SAMSUNG
  • Athonet srl
  • Cumucore