The Virtualized Evolved Packet Core (vEPC) Market revenues were estimated at US$ 4.8 Billion in 2021 and is anticipated to grow at a CAGR of 15.9% from 2022-2032, according to a recently published Future Market Insights report. The market is expected to reach a valuation of US$ 5.9 Billion in 2022 and US$ 26 Billion by the end of 2032.
The key component for Virtualized Evolved Packet Core (vEPC) Market include Services where the Demand growth of Virtualized Evolved Packet Core (vEPC) Market through Services was recorded at 23.4% during 2015 – 2021, while it is expected to grow at a CAGR of 15.6% during 2022 –2023.
The key factors which are propelling the Virtualized Evolved Packet Core demand include chances for MNOs to benefit from the expansion of the IoT sector. It is anticipated that mobile network operators would commercially use virtual EPC in their live networks to serve a variety of use cases. In the heterogeneous IoT world, the ability for MNOs to cost-effectively modify their networks for specific clients, sectors, and applications is crucial.
Additionally, it enables ISPs and businesses to connect mobile and IoT devices, data centers, and public or private clouds by supporting low-latency use cases at the network edge. By connecting all different kinds of devices, systems, and services, the Internet of Things and the ongoing development of Machine-to-Machine (M2M) communication networks have been revolutionizing several industries. IoT is one of the numerous use cases that 5G would allow and enable communication between a significant number of connected devices and sensors, with the help of network segmentation.
According to their application needs, high-performance, low-latency applications such as mobile video surveillance and low-power, low-latency, long-range IoT apps can be separated. The shift from LTE to 5G is expected to quicken in order to fulfill the demands for creating IoT applications, which are characterized as massive machine-type communication and mission-critical applications.
Competitive Landscape
Players in the market are constantly developing improved analytical solutions as well as extending their product offerings. The companies in Virtualized Evolved Packet Core are focused on their alliances, technology collaborations, and product launch strategies. The Tier 2 Players in the market are targeting to increase their Virtualized Evolved Packet Core share.
Some of the recent developments in the Virtualized Evolved Packet Core Market are:
- In January 2019, Mavenir is now vying for many bids and requests for information (RFIs) for mobile networks in the APAC area. Mavenir has started to offer a virtual radio access network alternative to the global mobile network supply oligopoly.
- In May 2019, Vodafone Idea Limited that it will employ Ericsson cloud packet core to enhance network performance. VIL will benefit from Ericsson’s key network features and applications, such as its Service-Aware Policy Controller (vSAPC), Virtualization Infrastructure (NFVI), and Virtual Evolved Packet Gateway (vEPG) solutions, which enable seamless business continuity and speedy rollout of new services.
More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the Virtualized Evolved Packet Core (vEPC) Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.
The study reveals extensive growth in Virtualized Evolved Packet Core (vEPC) Market in terms of Components (Solutions and Services) of Network Type, (5G Network and 4G Network) of Deployment Mode (Cloud and On-Premise) of End-User (Telecom Operators and Enterprises) of Application (LTE, VoLTE, and VoWiFi, IoT and M2M and Broadband Wireless Access) of across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
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https://www.futuremarketinsights.com/reports/sample/rep-gb-15667
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