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Market Overview:
According to the most recent study carried out by Market Research Future (MRFR), According to MRFR analysis, the Virtualized Evolved Packet Core (vEPC) Market is expected to register a CAGR of 21.12% from 2020 to 2030 and hold a value of over USD 13.65 billion by 2030. The term “virtualized evolved packet core” pertains to a framework facilitating the integration of voice and data on both 4G and 5G networks. The growth in this market can be chiefly attributed to the potential of vEPC and its role in enhancing the quality of mobile services.
The adoption of vEPC by network operators is expected to gain momentum as it enables them to enhance service quality while maintaining cost-effectiveness. This trend is contributing significantly to the expansion of the vEPC market. Moreover, the rapid advancements in technologies like 5G, IoT, and M2M are exerting substantial pressure on the market during the evaluation period. It’s also projected that as these technologies continue to evolve, fresh growth prospects will emerge for the global virtualized evolved packet core market in the foreseeable future.
With the escalating data traffic, Communication Service Providers (CSPs) are increasingly inclined to implement vEPC solutions for the commercialization of 5G networks, which will drive substantial growth in the virtual EPC market. Furthermore, as networking software transitions towards virtualization, telecommunication operators are grappling with challenges arising from geographically dispersed virtual network functions. Combining probe and packet broking functions with vEPC at a centralized location presents a solution to this challenge. Consequently, the utilization of vEPC to establish a centralized hub for managing data transmission over LTE networks is predicted to greatly propel market growth.
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Key Players:
The major players in the vEPC market are
Scope of the Report – virtualized Evolved Packet Pore Market:
|
Report Metrics |
Details |
|
Market Size by 2030 |
USD 13.65 Billion |
|
CAGR during 2022-2030 |
21.12% |
|
Base Year |
2019 |
|
Forecast |
2020-2030 |
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Market Segmentation
The vEPC market is segmented by component, deployment, use case, and end-user.
Browse In-depth Market Research Report (87 Pages, Charts, Tables, Figures) virtualized Evolved Packet Core (vEPC) Market– https://www.marketresearchfuture.com/reports/virtualized-evolved-packet-core-market-5616
Regional Analysis
The vEPC market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is expected to dominate the market in the coming years due to the early adoption of new technologies and the presence of major telecom operators such as AT&T, Verizon, and T-Mobile. Europe is also expected to grow at a significant rate due to the increasing demand for mobile data traffic and the rising adoption of IoT and 5G technologies. Asia Pacific is expected to be the fastest-growing market for vEPC due to the growing population, the increasing demand for mobile data traffic, and the rising adoption of IoT and 5G technologies.
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