What Is The Current and Historic Market Size Analysis Of The Virtualized Evolved Packet Core Market?
The virtualized evolved packet core market has seen considerable growth due to a variety of factors.
• In the last few years, the virtualized evolved packet core market has expanded swiftly. Its estimated growth range will leap from $6.66 billion in 2024 to $7.9 billion in 2025, representing a compound annual growth rate (CAGR) of 18.5%.
The remarkable increase observed in the previous years can be ascribed to several key factors. These include the deployment of 5G, expansion of 4G LTE, advancement in cloud computing, regulatory compliance needs, and an upsurge in service innovation.
What Is The Forecast For The Virtualized Evolved Packet Core Market Size?
The virtualized evolved packet core market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for the virtualized evolved packet core market, as it is predicted to experience significant expansion in the upcoming years. By 2029, its worth is anticipated to reach $15.41 billion, representing a compound annual growth rate (CAGR) of 18.2%.
This growth in the forecast period can be ascribed to factors such as the network function virtualization (NFV) movement, an increase in SDN integration, telco cloud attempts, a surge in mobile data traffic, and edge computing demand. The forecast period's main trends consist of deployment of 5G networks, adoption of cloud-native vEPC solutions, hybrid cloud deployments, edge computing integration, and the application of service-oriented architectures.
What Are The Essential Drivers Behind The Growth Of The Virtualized Evolved Packet Core Market?
The expansion of the virtualized evolved packet core market is anticipated to be fueled by the escalating mobile data traffic. Mobile data traffic outlines the quantity of data that is relayed over a mobile network. Its primary inflating factors include the widespread use of 4G and 5G networks, the growing appeal of social media and video streaming, and the augmented use of smartphones. Managing the burgeoning mobile data traffic is dependent on the virtualized evolved packet core (vEPC), as it empowers network providers to effectively scale and optimize their networks to accommodate the rising demand for high-velocity data services. For example, a report released by Ericsson, a company based in Sweden, predicted that mobile traffic would grow by 20%-30% annually in more regions over the forthcoming years, in November 2023. The annual growth rate of mobile data traffic is presumed to slow down variably over different regions until 2029. Consequently, the rising mobile data traffic is energizing the growth of the virtualized evolved packet core market.
How Is The Global Virtualized Evolved Packet Core Market Divided Into Key Segments?
The virtualized evolved packet core market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Deployment Mode: Cloud, On-Premises
3) By Application: Long Term Evolution (LTE), Voice Over Long-Term Evolution (VoLTE), Internet Of Things (IoT), Machine-To-Machine (M2M), Most Probable Number (MPN), Mobile Virtual Network Operator (MVNO)
4) By End User: Telecom, Enterprises
Subsegments:
1) By Solutions: Network Function Virtualization (NFV) Solutions, Cloud-Based Evolved Packet Core (EPC) Solutions, Traffic Management Solutions, Security Solutions, Data Analytics Solutions
2) By Services: Consulting Services, Integration Services, Managed Services, Support and Maintenance Services, Training Services
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How Are New Trends Impacting The Size Of The Virtualized Evolved Packet Core Market?
Leading firms in the virtual evolved packet core market are advancing single packet core (SPC) technology to boost network efficiency and facilitate continuous connectivity across various mobile network generations. SPC technology serves as an integrated system managing data and voice services across 2G, 3G, and 4G networks, thereby maintaining efficient and effective network performance. For instance, Huawei Technologies Co. Ltd., a telecommunications equipment and services corporation based in China, together with Orange Egypt Telecommunications SAE, an Egypt-based telecommunications services entity, rolled out the country's first ever bare metal container for mobile networks in August 2024. This unique product, which incorporates SPC technology, is compatible with 2G, 3G, and 4G networks and provides top-tier virtual evolved packet core (vEPC) solutions. This is a strategic part of the implementation of Egypt's Vision 2030 infrastructure overhaul initiative.
Who Are the Key Players In The Virtualized Evolved Packet Core Market?
Major companies operating in the virtualized evolved packet core market are:
• Samsung Electronics Co. Ltd.
• Dell Technologies Inc.
• Huawei Technologies Co. Ltd.
• Intel Corporation
• Cisco Systems Inc.
• Broadcom Inc.
• Hewlett Packard Enterprise Company
• Fujitsu Limited
• Tata Consultancy Services Limited
• Telefonaktiebolaget LM Ericsson
• Nokia Corporation
• NEC Corporation
• ZTE Corporation
• CommScope Holding Company Inc.
• Keysight Technologies Inc.
• Juniper Networks Inc.
• Amdocs Limited
• Ciena Corporation
• Infinera Corporation
• Alcatel-Lucent Enterprise (ALE International SAS)
• Mavenir Systems Inc.
• Radisys Corporation
• Casa Systems Inc.
• Affirmed Networks Inc.
• ASOCS Ltd
What Are The Regional Insights Into The Virtualized Evolved Packet Core Market?
North America was the largest region in the virtualized evolved packet core market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the virtualized evolved packet core market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
