virtualized Evolved Packet Core Market is Expected to Showcase Rampant Growth Over 2023 :

Pune, India, August 2019, MRFR Press Release/- Market Research Future has Published a Cooked Research Report on the Global virtualized Evolved Packet Core Market.

According to the recent report by Market Research Future (MRFR), the global virtualized evolved packet core market is slated to acquire a noteworthy market valuation of USD 11,500 million in 2023, at a steady CAGR over the review period.

The exponential growth of the market is driven by the sheer potential of vEPC and its role in encouraging the adoption of superior-quality mobile services. The development of 5G and the growing demand for Internet of Things (IoT) across the globe, has led to an increasing need for augmented capacity and coverage of mobile networks. Furthermore, the extensive adoption of smartphones has improved the demand for LTE communication technology. the disinclination on the part of mobile operators to transit from traditional infrastructure to virtualized infrastructure is posing as a challenge to the global virtualized evolved packet core market. Nevertheless, with 5G and IoT technologies imminent for the potential for vEPC is projected to reveal substantial opportunities in the global market for virtualized evolved packet core over the forecast period. 

Segmental Analysis

The global market of the virtualized evolved packet core on the basis of use case, component, deployment, regions, and end-user. Based on the component, the virtualized evolved packet core market has been bifurcated into solution and services. The solution segment is sub-segmented into mobile management entity, home subscriber server (HSS), a serving gateway (S-GW), packet data network gateway (PDN-GW), and policy and changing rules functions (PCRF). On the basis of deployment, the vEPC market has been segmented into on-cloud and on-premises. Based on the use case, the market is segmented into Broadband Wireless Access (BWA), LTE & VoLTE, IoT & M2M, and MNO & MVNO. On the basis of end-user, the virtualized evolved packet core market has been segmented into enterprise operators and telecom. 

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Regional Analysis

The regional analysis of the global virtualized evolved packet core market includes the regions of Europe, Asia Pacific, North America, and the rest of the world (RoW). The Asia Pacific region for vEPC is anticipated to witness brilliant growth over the forecast period.  Factors such as the massive smartphone and internet penetration in the Asia Pacific is expected to contribute towards the development of the market for virtualized evolved packet core. The considerable level of investments in the advancement of the network infrastructure in the region is anticipated to support the growth of the market through the forecast period. The changing economic dynamics in developing countries such as India, China, South Korea, and Japan has led to the rapid industrialization and the growth of the IT and telecommunications sectors in these countries. Moreover, global market players have started investing heavily towards business expansion in the Asia Pacific, owing to the convenience of low-cost labor and raw materials. These factors offer favorable conditions for the growth of the virtualized evolved packet core market over the forecast period.

the North American region is the largest market for virtualized evolved packet core market and is expected to retain its domination over the review period. factors such as the presence of a primarily defined telecom network infrastructure and improved adoption of 4G technology in the a  are expected to strengthen the development of the market. Moreover, the presence of significant telecom market players and increasing government initiatives to provide network connectivity at a faster pace is likely to further encourage the expansion of the market in the forecast period.

Key Players

The major market players identified by MRFR in the global virtualized evolved packet core market report are Huawei Technologies Co. Ltd (China), Nokia Corporation (Finland), Mitel Networks Corporation (US), Ericsson AB (Sweden), NEC Corporation (Japan), ZTE Corporation (China), Samsung Electronics (South Korea), Affirmed Networks (US), Cisco System Inc. (US), and Athonet S.R.L. (Italy).