As per MRFR analysis, the Canada Virtualized Evolved Packet Core Market Size was estimated at 103.82 (USD Million) in 2023. The Canada Virtualized Evolved Packet Core Market Industry is expected to grow from 126.9(USD Million) in 2024 to 1,150 (USD Million) by 2035. The Canada Virtualized Evolved Packet Core Market CAGR (growth rate) is expected to be around 22.186% during the forecast period (2025 - 2035).
Key Canada Virtualized Evolved Packet Core Market Trends Highlighted
The Canada Virtualized Evolved Packet Core market is growing quickly because more and more people want fast internet and mobile access all around the country. Telecommunications companies are continuing to spend on network infrastructure to improve service delivery, which is a major factor driving the market. This tendency has been helped by the Canadian government's efforts to make the internet more available, especially in rural areas. As operators move from traditional core architectures to virtualized solutions, they not only make their operations more efficient, but they also make it possible to roll out new services like 5G.Â
There are many chances in the industry as businesses try to use virtualized, evolving packet core technology to make their networks more scalable and flexible. It is really interesting that cloud-based solutions could help service providers cut their capital and operational costs. Also, as organizations depend more and more on strong mobile apps and IoT devices, the requirement for a solid core network is expanding. The Canadian government is also pushing for innovation and digital transformation, as shown in a number of national technology policies.Â
This trend is even stronger. A recent trend that stands out is the use of machine learning and artificial intelligence in network management systems. This change is meant to improve performance and the user experience, especially as mobile data use is still on the rise.Also, there is a growing need for better security measures in virtualized networks. The government wants to preserve digital networks, and Canadian businesses are working on building safe, strong infrastructures that fit with this goal. The combination of technology progress and legislative backing suggests that the Virtualized Evolved Packet Core market in Canada is doing well.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Canada Virtualized Evolved Packet Core Market Drivers
Rapid Adoption of 5G Technology
The transition to fifth-generation (5G) networks is one of the main drivers for the Canada Virtualized Evolved Packet Core Market Industry. The Government of Canada has been actively promoting the deployment of 5G technology across the country, with initiatives like the 'Broadband Funding Program' aiming to achieve broadband access for all Canadians by 2030. As telecom operators such as Bell Canada, Rogers Communications, and Telus are investing heavily in 5G infrastructure, the expected increase in mobile data trafficprojected to rise threefold from 2020 to 2025will create a stronger demand for a more efficient and scalable Virtualized Evolved Packet Core infrastructure.
This transition is critical as Canada's mobile data traffic reached over 6.7 exabytes in 2022, and that number is expected to grow substantially as new 5G services are rolled out nationwide. The need for a flexible core network that can handle this increase reduces operational costs and improves service provisioning, making it essential for telecommunications providers.
Increased Investment in Cloud Technologies
The Canadian telecom sector is witnessing substantial investments in cloud technologies, driven by the need for scalability, flexibility, and cost reductions in network infrastructure. According to the Canadian Radio-television and Telecommunications Commission, around 60% of Canadian ISPs reported increased spending on cloud-based services and infrastructure in 2022 as a response to growing customer demands.Â
This trend directly contributes to the growth of the Canada Virtualized Evolved Packet Core Market Industry since virtualized solutions hosted in the cloud can enhance operational efficiencies and allow for rapid deployment of network services.Key players like Shaw Communications are actively embracing cloud services, which will further drive demand for Virtualized Evolved Packet Core solutions as they modernize their existing networks.
Rising Demand for Network Function Virtualization (NFV)
There is a surging demand for Network Function Virtualization amongst Canadian telecom operators seeking to reduce hardware dependency and improve network agility. The Canadian wireless industry is adopting NFV strategies, driven by the telecommunications ecosystem's need to decrease operational expenditures and enhance service agility.Â
A report from the Canadian Telecommunications Association indicates that 75% of telecom companies are planning to implement NFV in their operational frameworks by 2025.Investments by companies like SaskTel and Eastlink in NFV technologies indicate a shift toward Virtualized Evolved Packet Core solutions, improving their ability to deploy new services quicker and respond to market changes more effectively.
Growing IoT Ecosystem and Smart City Initiatives
The increasing proliferation of Internet of Things devices and the implementation of smart city projects across Canada are driving the demand for robust Virtualized Evolved Packet Core solutions. Initiatives such as the 'Smart Cities Challenge' launched by Infrastructure Canada have encouraged municipalities to adopt innovative technologies that rely heavily on a resilient network infrastructure.Â
With over 1 billion connected IoT devices expected to be in use by 2025 in Canada, as per the Canadian Internet Registration Authority, telecom providers need to invest in scalable and efficient core networks to support this burgeoning connectivity.Consequently, organizations such as Telus and Bell are exploring partnerships to enhance their network offerings, further driving the market for Virtualized Evolved Packet Core in Canada.
Virtualized Evolved Packet Core Market Component Insights
The Component segment of the Canada Virtualized Evolved Packet Core Market plays a crucial role in shaping the overall dynamics of the industry. This market is segmented into two primary components: Solutions and Services, each contributing significantly to the efficiency and efficacy of network operations across the country. The increasing demand for mobile data and the growth of Internet of Things (IoT) services drive the need for robust virtualized evolved packet core systems. In Canada, where the telecommunications sector is advancing rapidly to support 5G technology, the Solutions aspect, including essential software and platform offerings, is vital for service providers looking to optimize their network's performance and capacity. These Solutions facilitate a more flexible and scalable architecture, which is necessary to manage the increased traffic generated by mobile devices.
Services associated with the Component segment, including consulting, implementation, and maintenance, serve as the backbone of the market, enabling the successful deployment and operation of these Solutions. The growing trend toward cloud-based network functions has underscored the importance of these Services, providing operators with the agility to adapt quickly to changing demands and operational challenges. Key drivers of growth in the Canada Virtualized Evolved Packet Core Market include the need for improved network performance, enhanced operational efficiency, and the ability to respond effectively to competitive pressures. The demand for seamless integration of emerging technologies and the necessity for skillful management of network resources further elevate the significance of both Solutions and Services.
Moreover, as cloud-native architectures gain momentum, the Solutions segment is expected to experience a shift towards more innovative applications, enabling operators to leverage advanced analytics and machine learning for network optimization. Meanwhile, the Services sector will likely expand to include more specialized offerings, such as security enhancements and data management services, which are increasingly critical in today’s digital landscape. Challenges, such as ensuring data privacy and managing network complexity, highlight the growing importance of comprehensive Solutions and expert Services in navigating the evolving telecommunications landscape of Canada. Overall, the Component segment stands as a foundational element of the Canada Virtualized Evolved Packet Core Market, driving both innovation and operational excellence in this fast-paced industry.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Virtualized Evolved Packet Core Market Deployment Insights
The Canada Virtualized Evolved Packet Core Market is significantly influenced by its Deployment segment, which encompasses on-premises and on-cloud options. The adoption of On-Premise solutions continues to be favored by organizations seeking greater control over their network infrastructure and data security, making it a vital component for telecom operators in Canada. On the other hand, On-Cloud deployments are gaining traction due to their scalability and cost-effectiveness, appealing to businesses aiming for flexibility and rapid innovation in service delivery.As Canada's telecommunications landscape evolves, a strong focus on digital transformation and advanced connectivity solutions drives the integration of these deployment strategies.Â
The choice between on-premises and On-Cloud is determined by factors such as regulatory compliance, security requirements, and operational efficiency. Both options cater to the diverse needs of industries, enabling them to streamline their operations more effectively. The growing demand for enhanced mobile broadband services and the increased penetration of Internet of Things (IoT) technologies further reinforce the significance of these deployment choices within the Canada Virtualized Evolved Packet Core Market.This dynamic creates numerous opportunities for innovation and growth, driven by advancements in network function virtualization and cloud computing.
Virtualized Evolved Packet Core Market Applications Insights
The Canada Virtualized Evolved Packet Core Market focuses on various applications crucial for enhancing mobile and internet connectivity. Key applications include LTE, VOLTE, and VOWiFi, all of which are essential as Canada continues to expand its 4G and 5G networks. LTE has been instrumental in driving mobile broadband accessibility across both urban and rural areas, significantly improving user experiences. Similarly, VOLTE enhances call quality while optimizing bandwidth usage, making it vital for telecommunication providers as they shift toward more efficient systems.VOWiFi allows seamless connectivity between Wi-Fi and cellular networks, catering to the rising demand for reliable internet access amidst Canada's diverse geography.Â
The Internet of Things (IoT) and Machine-to-Machine (M2M) communications are becoming increasingly relevant due to the growing implementation of smart cities and industrial automation projects. This segment presents a wealth of opportunities for service providers and contributes to sector growth through improved operational efficiencies. Moreover, Mobile Private Networks (MPN) and Mobile Virtual Network Operators (MVNO) are gaining traction, allowing more flexibility and custom solutions for businesses, further shaping the landscape of the Canada Virtualized Evolved Packet Core Market.
Virtualized Evolved Packet Core Market End-User Insights
The Canada Virtualized Evolved Packet Core Market plays a crucial role in enhancing communication infrastructure for various End-Users. Telecom Operators are a key driver of growth, benefiting from the shift towards virtualized solutions that support network efficiency and scalability. They are adopting these technologies to meet the increasing demands for high-speed connectivity, driven by rising mobile data traffic and applications such as IoT and 5G. Enterprises also hold significant importance in this market, looking for flexible and reliable connectivity solutions to support their digital transformation initiatives.
With businesses increasingly relying on cloud-based services and applications, the need for a robust network architecture powered by a virtualized evolved packet core is vital for ensuring seamless operations. The market is witnessing a trend towards greater automation, which helps in optimizing network management while reducing operational costs. Overall, the segmentation reveals a dynamic landscape where both Telecom Operators and Enterprises are pivoting towards innovative solutions to enhance their service offerings and operational capabilities in Canada's evolving digital environment.
Canada Virtualized Evolved Packet Core Market Key Players and Competitive Insights
The Canada Virtualized Evolved Packet Core Market has witnessed significant growth and transformation, driven by the increasing demand for high-speed mobile data and the need for more efficient network infrastructure. This market is characterized by the shift towards virtualization and cloud-native technologies, enabling telecom operators to enhance service agility, reduce operational costs, and improve customer experience. Competitive insights within this market reveal a dynamic landscape where established players and emerging startups are vying for market share. As telecom operators seek to modernize their networks to support 5G and IoT applications, understanding the strengths and market strategies of key players becomes critical for stakeholders in this sector.
Oracle has established a notable presence in the Canada Virtualized Evolved Packet Core Market, leveraging its robust portfolio of cloud infrastructure and data management solutions. Its strength lies in its comprehensive approach to providing a scalable and telco-grade platform designed for the demands of modern telecommunications. Oracle’s ability to integrate advanced analytics and artificial intelligence within its offerings allows Canadian telecom operators to optimize network performance and enhance customer engagement. Furthermore, Oracle’s commitment to innovation and investment in research and development has positioned it as a frontrunner in the market, enabling it to respond swiftly to the evolving needs of telecom operators seeking to harness the full potential of virtualization.
Netcracker has emerged as another pivotal player in the Canada Virtualized Evolved Packet Core Market, offering a suite of advanced software solutions tailored for telecom operators. The company focuses on providing cloud-based services and has developed a strong reputation for its network transformation capabilities. Key products and services include their virtualized core solutions, which help operators streamline their operations and improve service delivery. Netcracker’s strengths lie in its comprehensive understanding of the telecommunications landscape and its ability to support clients through complex transformations.Â
Through strategic mergers and acquisitions, Netcracker has expanded its technological capabilities and market reach, solidifying its position in Canada. This allows them to provide end-to-end support for telecom operators, ensuring that they remain competitive in an ever-changing market landscape driven by the need for agility and innovation.
Key Companies in the Canada Virtualized Evolved Packet Core Market Include:
Canada Virtualized Evolved Packet Core Market Industry Developments
The Canada Virtualized Evolved Packet Core (vEPC) Market has seen significant activity recently, reflecting the growing demand for more efficient and resilient network infrastructure. Notably, in June 2023, Ericsson and Altiostar announced a collaboration aimed at enhancing their vEPC solutions, emphasizing their commitment to 5G deployment across Canada.Â
Additionally, in August 2023, Cisco Systems expanded its portfolio with a focus on virtualized solutions tailored for Canadian telecommunications operators, anticipating increased adoption of cloud-native architectures.In terms of market growth, the Canadian vEPC market's valuation has surged, driven by the digital transformation across various sectors, including healthcare, finance, and education. Investments in next-generation networks have led companies like Nokia and Huawei to refine their offerings, with particular emphasis on security and scalability.
Over the past couple of years, companies such as Mavenir and Ciena have reported strategic partnerships aimed at enriching the vEPC ecosystem in Canada, catering to the escalating demands for connectivity. The emphasis on regulatory compliance and operational efficiency continues to shape the market's trajectory, as telecommunication providers push for robust solutions to support their expanding infrastructural needs.
Canada Virtualized Evolved Packet Core Market Segmentation Insights
Virtualized Evolved Packet Core Market Component Outlook
Virtualized Evolved Packet Core Market Deployment Outlook
Virtualized Evolved Packet Core Market Applications Outlook
Virtualized Evolved Packet Core Market End-User Outlook
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 103.82(USD Million) |
| MARKET SIZE 2024 | 126.9(USD Million) |
| MARKET SIZE 2035 | 1150.0(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 22.186% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Million |
| KEY COMPANIES PROFILED | Oracle, Netcracker, ZTE, Rohde & Schwarz, Ciena, Huawei, Samsung, Cisco Systems, Juniper Networks, Mavenir, Altiostar, Nokia, Amdocs, Virtualized Solutions, Ericsson |
| SEGMENTS COVERED | Component, Deployment, Applications, End-User |
| KEY MARKET OPPORTUNITIES | 5G network expansion, IoT connectivity demand, Cost reduction through virtualization, Enhanced network scalability needs, Regulatory support for modernization |
| KEY MARKET DYNAMICS | growing demand for 5G connectivity, increasing deployment of cloud-based solutions, rising need for network flexibility, enhancement of operational efficiency, emphasis on cost reduction strategies |
| COUNTRIES COVERED | Canada |
Frequently Asked Questions (FAQ):
In 2024, the Canada Virtualized Evolved Packet Core Market is expected to be valued at 126.9 million USD.
By 2035, the market is projected to grow significantly to 1150.0 million USD.
The anticipated CAGR for the market from 2025 to 2035 is 22.186%.
By 2024, the Services segment is expected to contribute more, valued at 66.9 million USD compared to 60.0 million USD for Solutions.
The Solutions component is expected to reach a market value of 520.0 million USD by 2035.
Key players in the market include Oracle, Netcracker, ZTE, and Cisco Systems among others.
The Services segment is projected to grow to 630.0 million USD by 2035.
Key trends driving growth include increased demand for network virtualization and enhanced mobile broadband services.
Opportunities include the adoption of 5G technology and the growing investments in network infrastructure.
The expected growth rate is significant, driven by advancements in technology and increasing connections, impacting the overall telecommunications landscape.
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Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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