Virtual Evolved Packet Core Market Size To Expand at a Notable CAGR Of 50% During 2018 - 2023 :

Pune, India, January 2019/MRFR Press Release/- Market Research Future has published a cooked research report on the Global Virtual Evolved Packet Core Market

Market Insights

Market Research Future has performed a thorough study of the global virtualized evolved packet core (vEPC) market which was valued at USD 1,020.05 Mn in 2017. Growth patterns in the market have been observed, and a staggering CAGR of more than 50% is anticipated for the global virtualized evolved packet core market during the review period from 2018 to 2023. This means anticipation of a market value of a whopping USD 11,500 Mn by the end of 2023. The exponential growth of the market is largely defined by the sheer potential of vEPC and its role in promoting high-quality mobile services.

Virtualized evolved packet core is a framework that helps converge voice and data on 4G and 5G networks. Use of virtualized evolved packet core allows mobile providers to customize networks to provide specific customer needs. In addition to increasing the quality of communication and general network, virtualized evolved packet core can be operated of low-cost servers which makes them highly cost-effective as it can reduce capital & operational expenditure. The advent of 5G and increasing demand for IoT across the world has led to a rising need for increased capacity and coverage of mobile networks. Moreover, the widespread adoption of smartphones has increased the demand for LTE communication technology.

The market is challenged by the reluctance on the part of mobile operators to transition from traditional infrastructure to virtualized infrastructure. However, with 5G and IoT technologies looming the potential for vEPC is expected to reveal substantial opportunities in the global market. 

Browse Complete Report @ https://www.marketresearchfuture.com/reports/virtualized-evolved-packet-core-market-5616

Market Segmentation

The segmentation of the virtualized evolved packet core market has been done on the basis of use case, component, deployment, regions, and end-user. On the basis of component, the virtualized evolved packet core market has been divided into solution and services. The solution segment is additionally segmented into home subscriber server (HSS), mobile management entity, packet data network gateway (PDN-GW), serving gateway (S-GW), and policy and changing rules functions (PCRF). Based on deployment, the virtualized evolved packet core market has been segmented into on-premises and on-cloud. The use case basis of segmenting the market for virtualized evolved packet core comprises of IoT & M2M, LTE & VoLTE, Broadband Wireless Access (BWA), and MNO & MVNO. On the basis of end user, the virtualized evolved packet core market has been segmented into telecom and enterprise operators. The regions that are considered in the virtualized evolved packet core market are Asia Pacific, Europe, North America, and the rest of the world.

Regional Analysis

The regional analysis of the virtualized evolved packet core market includes the regions of North America, Asia Pacific, Europe, and the rest of the world. The Asia Pacific region for vEPC is projected to demonstrate exceptional growth over the forecast period.  Factors such as the smartphone and internet penetration in the Asia Pacific is expected to raise the development of the market for virtualized evolved packet core. The heavy level of investments in the upgrading of the network infrastructure in the region is expected to benefit the growth of the market in the forecast period. In the North American region, factors such as the presence of a strong telecom network infrastructure and improved adoption of 4G technology in the region are expected to reinforce the development of the market. Additionally, the presence of major telecom giants and government initiatives to deliver network connectivity at a faster pace is expected to further motivate the expansion of the market in the forecast period.

Key Players

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

Latest Industry News

  • Rohde & Schwarz company, ipoque, has recently announced the release of new capabilities of deep packet inspection for virtualized evolved packet core.
  • T-Mobile recently announced that it was using Ciscos for the world's largest deployment of vEPC.
  • Affirmed Networks has just launched vEPC on Amazon Web Services. The launch is expected to help mobile operators to deliver 4G & 5G services economically.