The global vEPC market is expected to grow from USD 8.4 billion in 2023 to USD 19.9 billion by 2028, registering a compound annual growth rate (CAGR) of 18.7% during the forecast period. This growth is primarily fueled by the rollout of 5G networks and the increasing demand for flexible and agile core network solutions.
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Services segment to grow at higher CAGR during the forecast period
The services segment is expected to grow significantly in the vEPC market during the forecast period. This can be attributed to the increasing demand for professional and managed services to support the deployment and operation of virtualized EPC solutions. Enterprises seek specialized services to ensure a smooth integration, customization, and optimization of vEPC systems within their network infrastructure. Service providers are focusing on offering comprehensive service packages, including consulting, implementation, maintenance, and support, to address the specific requirements of their clients. The growing adoption of vEPC across various industries, such as telecommunications, healthcare, and transportation, is driving the demand for services to enhance network performance, security, and scalability.
Cloud mode of deployment is expected to grow at higher CAGR during the forecast period
This can be attributed to the numerous advantages offered by cloud-based vEPC solutions, including scalability, flexibility, and cost-effectiveness. Enterprises are increasingly adopting cloud deployment models to leverage the benefits of virtualization and cloud computing in their network infrastructure. Cloud-based vEPC enables rapid deployment, easy management, and seamless scalability of network functions, allowing organizations to adapt to changing demands and optimize resource utilization. The cloud deployment model also facilitates centralized management and orchestration, simplifying network operations and enhancing agility. As the demand for efficient and agile network solutions continues to rise, the cloud deployment model is poised to play a pivotal role in driving the growth of the vEPC market.
Asia Pacific region is expected to grow at higher CAGR during the forecast period
The growth of the region can be attributed to several factors, including the region’s rapid adoption of advanced technologies, expanding mobile subscriber base, and the emergence of various industries. Countries such as China, Japan, South Korea, and India are experiencing a surge in demand for high-speed and reliable connectivity driven by the widespread use of smartphones, IoT devices, and digital services. Furthermore, supportive government initiatives and investments in 5G infrastructure development are fueling the expansion of the vEPC market in the region. With the increasing focus on digital transformation across industries and the need for efficient network management solutions, the Asia Pacific region presents significant opportunities for vEPC vendors and service providers to establish a strong presence and meet the growing demand for advanced communication networks.
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Unique Features in the Virtualized Evolved Packet Core Market
vEPC solutions are designed to seamlessly support 5G networks, enabling ultra-low latency, higher bandwidth, and enhanced connectivity. Their flexibility and scalability make them a critical component in the rollout of 5G infrastructure globally.
The adoption of cloud-native principles allows vEPC to deliver improved scalability, resilience, and efficiency. This architecture supports dynamic resource allocation and rapid deployment, catering to the evolving demands of telecom operators.
A standout feature of vEPC is its ability to facilitate network slicing, which enables operators to create multiple virtual networks tailored to specific use cases. This is vital for supporting diverse applications, from IoT devices to mission-critical services.
By decoupling network functions from hardware, vEPC reduces capital and operational expenses. Its virtualized nature allows operators to leverage commercial off-the-shelf (COTS) hardware, minimizing infrastructure costs while enhancing operational flexibility.
vEPC integrates seamlessly with edge computing frameworks, enabling localized data processing for reduced latency and enhanced performance. This is particularly beneficial for applications like autonomous vehicles, smart cities, and real-time analytics.
Major Highlights of the Virtualized Evolved Packet Core Market
The rapid rollout of 5G networks is a key driver of the vEPC market. Its ability to handle the advanced requirements of 5G, including ultra-low latency, massive connectivity, and high-speed data transfer, has made vEPC an essential technology for network operators.
The shift towards cloud-native architectures in telecommunications is a defining trend. vEPC leverages containerized microservices and virtualization to offer agility, scalability, and cost savings, aligning with the industry’s push for modernization.
The vEPC market is experiencing growth driven by the rise of the Internet of Things (IoT) and machine-to-machine (M2M) communication. Its ability to support large-scale device connectivity and efficient data handling is crucial for IoT ecosystems across industries.
vEPC plays a pivotal role in enabling network slicing, allowing telecom operators to create tailored virtual networks for specific use cases. This capability is crucial for meeting diverse requirements, such as enhanced mobile broadband, IoT, and mission-critical applications.
The virtualization of core network functions has led to significant cost reductions in hardware and operational expenses. vEPC solutions also provide the flexibility to deploy in various environments, including private, public, and hybrid clouds, ensuring adaptability to operator needs.
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Top Companies in the Virtualized Evolved Packet Core Market
The major players in the vEPC market are Nokia (Finland), Ericsson (Sweden), Cisco(US), Huawei (China), ZTE (China), Samsung (South Korea), Affirmed Networks(US), Mavenir(US), NEC(Japan), Athonet(Italy), Cumucore(Finland), Druid Software(Ireland), IPLook (China), Tech Mahindra (India), Parallel Wireless (US), Polaris Networks (US), Xingtera (US), Lemko (US), Tecore(US), and Telrad Networks (Israel).
Mavenir, a leading provider of network software solutions, is making significant strides in the vEPC market. With its innovative approach to virtualized core network solutions, Mavenir offers operators and service providers the flexibility, scalability, and cost-efficiency they need to meet the demands of 4G and 5G networks. Mavenir’s vEPC solution delivers seamless connectivity, low latency, and efficient network management, empowering businesses to unlock the full potential of mobile communications and deliver enhanced services to their customers. With a strong focus on innovation and customer-centric solutions, Mavenir is driving the evolution of the vEPC market and shaping the future of mobile network architectures.
Affirmed Networks, a leading virtualized mobile network solutions provider, plays a crucial role in the vEPC market. With its comprehensive portfolio of vEPC products, Affirmed Networks enables operators to build and scale their mobile networks more efficiently. The company’s vEPC solutions offer advanced features like network slicing, edge computing, and cloud-native architecture, providing operators with the flexibility and agility needed to deliver high-performance connectivity and support emerging technologies. Affirmed Networks’ focus on innovation, reliability, and customer satisfaction positions it as a key player in driving the adoption of vEPC and shaping the future of mobile networks.
Nokia is a major force in the vEPC market with their Nuage Networks solution. They focus on offering a scalable and high-performing vEPC platform catering to both public and private network operators. This flexibility ensures Nokia’s vEPC solutions can adapt to diverse needs, making them a strong contender in the evolving vEPC landscape.
Ericsson stands out in the vEPC market by emphasizing network slicing within their Ericsson Radio System solution. This allows operators to create virtual network slices, essentially carving out dedicated portions of the network for specific applications or services. This targeted approach optimizes network performance and caters to the growing demand for flexible and dynamic mobile network resource allocation.
Cisco leverages its expertise in enterprise networking to offer Cisco Ultra Packet Core, a vEPC solution strong in automation and orchestration. This translates to streamlined vEPC network operations, faster service deployment, and efficient resource allocation. By simplifying management and maximizing resource utilization, Cisco caters to operators seeking a vEPC solution that prioritizes efficiency and agility.
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