Virtualized Evolved Packet Core (vEPC) Market Research Report- Forecast to 2027

Global virtualized Evolved Packet Core Market (vEPC) Market Research Report —By Component (Solution, Services), Deployment (On-premise, On Cloud), Use Cases (BWA, LTE & VoLTE, IoT & M2M), and By End-User (Telecom operator & Enterprise) Forecast till 2027

ID: MRFR/ICT/4167-CR | August 2018 | Region: Global | 121 pages

Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market Overview


Global market for virtualized Evolved Packet Pore (vEPC) is set to reach a valuation of more than 11,500 Mn in 2023 up from USD 1,020.05 Mn in 2017, averaging a growth rate of almost 50%.  vEPC is an advanced mobile-core network system that is gaining traction in the telecommunication sector.  The continuously expanding user base is not necessarily making a huge impact on the revenues for the sector. Therefore, telecom companies are looking for strategies that not only allow them to boost capacity and coverage but also reduce the overall outlay on operations. Network operators are increasingly deploying vEPC to optimize their service quality at a minimal cost. Advancement in technologies such as 5G, IoT, and M2M, is also driving the adoption of vEPC. As these technologies continue to mature, they will create greater opportunities for advanced mobile-core network systems. 


Report Abstract


This MRFR study presents an objective outlook towards that current opportunities and potential of virtualized Evolved Packet Core (vEPC). The primary objective of the study is to forecast the growth trends of the market during 2018 to 2023. Key macro and microeconomic elements that are influencing the market are also covered in the study. It also presents a comprehensive revenue assessment of different vEPC components such as solution and services. The study also includes market revenue assessment based on deployment where both on-premise and on-cloud vEPC deployments are discussed. Different types of use cases mentioned in the research document include LTE & VoLTE, MNO & MVNO, broadband wireless access (BWA), and IoT & M2M. The study also identifies telecom operators and enterprises as the primary end-users of vEPC.


Report Coverage


Historical market trends, market dynamics, forecast, market value by region as well as by segmentation, country-level analysis for each market segment, key player’s market share analysis and market factor analysis which covers supply chain and Porter's five forces analysis of the market.


Companies Covered


Nokia Corporation (Finland), Cisco System Inc. (US), Huawei Technologies Co. Ltd. (China), NEC Corporation (Japan), Ericsson AB (Sweden), SAMSUNG (South Korea), ZTE Corporation (China), Mitel Networks Corporation (US), Affirmed Networks (US), Athonet S.R.L.(Italy)


Research Methodology


Market Research Future implements a range of carefully chosen research models which takes a magnifying glass to industries and markets to reveal their nuances. Dedicated to accuracy, our expert analysts use primary methods such as first-hand interviews with industry decision makers to get an inside view. It is then validated and supported by secondary research methods such as annual reports, SEC filings, and others. Our commitment to transparency and dedication to providing reliable market reports has led us to integrate top-down and bottom-up approaches into our research models. This allows our data analysts to provide clients with accurate estimations and evaluations of various crucial market figures which are then used to provide consistent analysis accompanied with relevant market insights.


Other Description



  • Market Denomination- USD Million

  • Base Year- 2017

  • Forecast Period- From 2018 to 2023


For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the global market for virtualized evolved packet core


By Component



  • Solution

  • Services


By Deployment



  • On-premise

  • On Cloud


By Use Cases



  • Broadband Wireless Access (BWA)

  • LTE & VoLTE

  • IoT & M2M

  • MNO & MVNO


By End­-User



  • Telecom operator

  • Enterprises


By Region



  • North America

    • US

    • Canada

    • Mexico



  • Europe

    • UK

    • Germany

    • France

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East & Africa

    • Latin America




Intended Audience




Frequently Asked Questions (FAQ) :


The global virtualized evolved packet core (vEPC) market is expected to record a substantial market valuation of USD 11.5 billion by 2023.

The global virtualized evolved packet core (vEPC) market is projected to register an approximate 51.7% CAGR in the forecast period.

Technological advancements and adoption of 5G, IoT, and M2M technologies are driving the growth of the market.

A few major market players operating in the global virtualized evolved packet core (vEPC) market are Mitel Networks Corporation (US), Affirmed Networks (US), Athonet S.R.L.(Italy), Nokia Corporation (Finland), among others.

Market Research Future (MRFR) anticipates a phenomenal CAGR of 51.7% in the global virtualized evolved packet core market over the forecast period of 2018-2023, driven by surging demand for LTE communication technology and the need to increase the capacity, coverage, and minimization of capital and operational expenditure.


The evolution of mobile communications from the first generation to the current fourth-generation necessitates increasing the capacity and coverage of the communication. Moreover, the incessant need for minimization of capital and operational expenditure is a critical factor which fosters the growth of the market. In this regard, virtualized evolved packet core has gained massive momentum as they help transfer the individual component of a specified core network and run it on software that is operated on low cost commercial off-the-shelf (COTS) servers and helps in convergence of data and voice on 4G LTE networks and thus assist in reduction of capital and operational expenditure.


As networking software has made its transition to virtualization, telecommunication operators are facing challenges from location-based distributed virtual network functions.


This challenge can be overcome by combining probe/packet brokering functions with evolved packet core (EPC) at a single location. The use of virtualized EPC to create a centralized location for managing the transmission of data over an LTE network can bolster market demand over the forecast period.


Other benefits of virtual EPC such as making major functions such as charging and changes in policy rules easily accessible to mobile network operators can bode well for the market. Furthermore, the packet data node gateway which acts as a medium for maintaining service quality and inspection of data packets is likely to gain the attention of operators and influence overall market demand.


Advancement in technologies such as 5G, IoT, and M2M is expected to boost the demand for virtualized evolved packet core solutions. The virtualized Evolved Packet Core will offer significant opportunities for mobile operators to strengthen their current businesses. With the increase in data traffic, CSPs will be more inclined to implement vEPC solutions for commercialization of 5G network which will provide growth opportunities to the global virtualized evolved packet core market.


The global virtualized evolved packet core market has been segmented based on component, deployment, use case, and end-user. By component, the market has been segmented into solution and services. The solution segment is further segmented into mobile management entity, home subscriber server (HSS), serving gateway (S-GW), Packet data network gateway (PDN-GW), and policy and changing rules functions (PCRF). The services segment has been further segmented into professional services and managed services. The solution segment is the leading segment while the services segment is anticipated to be the fastest growing segment over the forecast period. The growth of the services segment can be attributed to the rising testing and commercialization of 5G-ready solutions.


By deployment, the market has been segmented into on-premises and on-cloud. The on-premise segment is the leading segment and is expected to reach USD 7680.0 Million and register a CAGR of 48.2% over the forecast period. The on-cloud segment is expected to be the fastest growing segment, capturing a CAGR of 60.3% and reaching USD 3888.8 Million by the end of the forecast period. Most of the network providers are transforming their services into a cloud-based virtualized EPC solution to lower their investments in the network infrastructure and to provide faster deployment benefits which can be attributed for the growth of the on-cloud segment.


By use case, the market has been segmented into Broadband Wireless Access (BWA), LTE & VoLTE, IoT & M2M, and MNO & MVNO. The IoT and M2M segment accounted for USD 270 million in 2017 and is expected to attain USD 3798.1 Million by the end f the forecast period. The IoT and M2M segment is expected to be the fastest growing segment on the basis of use case and expand with a CAGR of 57.3% over the forecast period.


By end-user, the market has been segmented into enterprise and telecom operators. In 2017, the telecom operators segment accounted for 70.9% share of the market and is expected to maintain the same momentum over the forecast period and grow with a CAGR of 49.4%, however, the enterprise segment is expected to surpass the telecom operators segment in terms of revenue and emerge as the fastest growing segment. The enterprise segment is expected to reach USD 4094 million and capture a CAGR of 56.6% by the end of the forecast period.


Regional Analysis


The global virtualized evolved packet core market spans across the regions of into North America, Europe, Asia-Pacific, and the rest of the world.


Asia Pacific market for vEPC is anticipated to have maximum growth over the forecast period.  High internet and smartphone penetration in Asia Pacific foster the growth of the market, and according to MRFR's analysis, China has surpassed the US in terms of web and mobile penetration. In addition, the presence of telecom giants such as Nokia, Ericsson, and others who invest heavily in the improvement of network infrastructure makes Asia Pacific a high revenue growth pocket. The governments of the emerging geographies in Asia Pacific have endeavored towards the transformation of the digital network which further aids in market expansion. 


North America accounted for the lion's share of 48% and was valued at USD 484.6 Million in 2017. Presence of a robust telecom network infrastructure and increased adoption of 4g technology in the region drives the growth of the market. Moreover, the concentration of big telecom giants and government initiatives to provide network connectivity at a faster pace also spur the market growth.


Competitive Tracking


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

1 Executive Summary

2 Market Introduction

2.1 Definition 16

2.2 Scope Of The Study 16

2.3 List Of Assumptions 17

2.4 Market Structure 17

3 Market Insights

4 Research Methodology

4.1 Research Process 22

4.2 Primary Research 23

4.3 Secondary Research 24

4.4 Market Size Estimation 24

4.5 Forecast Model 25

5 Market Dynamics

5.1 Introduction 27

5.2 Drivers 28

5.2.1 Need To Increase The Capacity, Coverage, And Minimization Of Capital And Operational Expenditure 28

5.2.2 Growing Demand For LTE Communication Technology, And Smartphone Users Leading To Virtualization Of EPC 28

5.2.3 Drivers Impact Analysis 29

5.3 Challenges 29

5.3.1 Disinclination For Telecom Vendors In The Transition From Traditional Infrastructure To Virtualized Infrastructure 29

5.4 Opportunities 30

5.4.1 Advancement In Technologies Such As 5G, IoT, And M2M 30

6 Market Factor Analysis

6.1 Value Chain Analysis 32

6.1.1 Porter’s Five Forces Model 32

6.1.2 Threat Of New Entrants 34

6.1.3 Bargaining Power Of Suppliers 34

6.1.4 Bargaining Power Of Buyers 34

6.1.5 Threat Of Substitutes 34

6.1.6 Intensity Of Rivalry 34

7 Global Virtualized Evolved Packet Core Market, By Component

7.1 Overview 36

7.1.1 Solution 36

7.1.1.1 Mobile Management Entity 36

7.1.1.2 Home Subscriber Server (HSS) 36

7.1.1.3 Serving Gateway (S-GW) 37

7.1.1.4 Packet Data Network Gateway (PDN-GW) 37

7.1.1.5 Policy And Changing Rules Functions (PCRF) 37

7.1.2 Services 38

7.1.2.1 Professional Services 38

7.1.2.2 Managed Services 38

8 Global Virtualized Evolved Packet Core Market, By Deployment

8.1 Overview 41

8.1.1 On-Premise 41

8.1.2 On-Cloud 41

9 Global Virtualized Evolved Packet Core Market, By Use Case

9.1 Overview 44

9.1.1 Broadband Wireless Access (BWA) 44

9.1.2 LTE & VoLTE 44

9.1.3 IoT & M2M 44

9.1.4 MNO & MVNO 44

10 Global Virtualized Evolved Packet Core Market, By End-User

10.1 Overview 47

10.1.1 Telecom Operator 47

10.1.2 Enterprises 47

11 Virtualized Evolved Packet Core Market, By Region

11.1 Introduction 50

11.2 North America 51

11.2.1 US 55

11.2.2 Canada 57

11.2.3 Mexico 58

11.3 Europe 60

11.3.1 Germany 64

11.3.2 UK 65

11.3.3 France 67

11.3.4 Rest Of Europe 68

11.4 Asia-Pacific 71

11.4.1 China 75

11.4.2 Japan 77

11.4.3 India 78

11.4.4 Rest Of Asia-Pacific 80

11.5 Rest Of The World 82

11.5.1 Middle East & Africa 86

11.5.2 Latin America 87

12 Competitive Landscape

12.1 Competitive Landscape 91

13 Company Profile

13.1 Nokia Corporation 94

13.1.1 Company Overview 94

13.1.2 Financial Performance 94

13.1.3 Products/Services/Solutions Offerings 95

13.1.4 Key Developments 95

13.1.5 SWOT Analysis 95

13.1.6 Key Strategy 96

13.2 Cisco System Inc., 97

13.2.1 Company Overview 97

13.2.2 Financial Performance 97

13.2.3 Products/Services/Solutions Offerings 98

13.2.4 Key Developments 98

13.2.5 SWOT Analysis 99

13.2.6 Key Strategies 99

13.3 Huawei Technologies Co. Ltd 100

13.3.1 Company Overview 100

13.3.2 Financial Performance 100

13.3.3 Products/Services/Solutions Offerings 101

13.3.4 Key Developments 101

13.3.5 SWOT Analysis 102

13.3.6 Key Strategies 102

13.4 NEC Corporation 103

13.4.1 Company Overview 103

13.4.2 Financial Performance 103

13.4.3 Products/Services/Solutions Offerings 104

13.4.4 Key Developments 104

13.4.5 SWOT Analysis 105

13.4.6 Key Strategy 105

13.5 Ericsson 106

13.5.1 Company Overview 106

13.5.2 Financial Performance 106

13.5.3 Products/Services/Solutions Offerings 107

13.5.4 Key Developments 107

13.5.5 SWOT Analysis 108

13.5.6 Key Strategies 108

13.6 Samsung Electronics 109

13.6.1 Company Overview 109

13.6.2 Financial Performance 109

13.6.3 Products/Services/Solutions Offerings 110

13.6.4 Key Developments 110

13.6.5 SWOT Analysis 111

13.6.6 Key Strategy 111

13.7 ZTE Corporation 112

13.7.1 Company Overview 112

13.7.2 Financial Performance 112

13.7.3 Products/Services/Solutions Offerings 113

13.7.4 Key Developments 113

13.7.5 SWOT Analysis 114

13.7.6 Key Strategy 114

13.8 Mitel Networks Corporation ( Mavenir) 115

13.8.1 Company Overview 115

13.8.2 Financial Performance 115

13.8.3 Products/Services/Solutions Offerings 116

13.8.4 Key Developments 116

13.8.5 SWOT Analysis 117

13.8.6 Key Strategy 117

13.9 Affirmed Networks 118

13.9.1 Company Overview 118

13.9.2 Products/Services/Solutions Offerings 118

13.9.3 Key Developments 118

13.9.4 Key Strategy 119

13.10 Athonet S.R.L 120

13.10.1 Company Overview 120

13.10.2 Products/Services/Solutions Offerings 120

13.10.3 Key Developments 120


14 List Of Tables

List Of Tables

TABLE 1 MARKET SYNOPSIS 14

TABLE 2 LIST OF ASSUMPTIONS 17

TABLE 3 GLOBAL VIRTUALIZED EVOLVED PACKET CORE MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 38

TABLE 4 GLOBAL VIRTUALIZED EVOLVED PACKET CORE MARKET, BY SERVICES, 2020-2027 (USD MILLION) 39

TABLE 5 GLOBAL VIRTUALIZED EVOLVED PACKET CORE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 42

TABLE 6 GLOBAL VIRTUALIZED EVOLVED PACKET CORE MARKET, BY USE CASE, 2020-2027 (USD MILLION) 45

TABLE 7 GLOBAL VIRTUALIZED EVOLVED PACKET CORE MARKET, BY END-USER, 2020-2027 (USD MILLION) 48

TABLE 8 GLOBAL VIRTUALIZED EVOLVED PACKET CORE MARKET, BY REGION, 2020-2027 (USD MILLION) 50

TABLE 9 NORTH AMERICA: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 52

TABLE 10 NORTH AMERICA: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 52

TABLE 11 NORTH AMERICA: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY DEPLOYMENT , 2020-2027 (USD MILLION) 53

TABLE 12 NORTH AMERICA: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY USE CASE , 2020-2027 (USD MILLION) 54

TABLE 13 NORTH AMERICA: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY END-USER, 2020-2027 (USD MILLION) 55

TABLE 14 US: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 55

TABLE 15 US : VIRTUALIZED EVOLVED PACKET CORE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 56

TABLE 16 US: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY USE CASE, 2020-2027 (USD MILLION) 56

TABLE 17 US: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY END-USER, 2020-2027 (USD MILLION) 56

TABLE 18 CANADA: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 57

TABLE 19 CANADA: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY DEPLOYMENT , 2020-2027 (USD MILLION) 57

TABLE 20 CANADA: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY USE CASE 2020-2027 (USD MILLION) 57

TABLE 21 CANADA: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY END-USER, 2020-2027 (USD MILLION) 58

TABLE 22 MEXICO: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 58

TABLE 23 MEXICO: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 58

TABLE 24 MEXICO: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY USE CASE, 2020-2027 (USD MILLION) 59

TABLE 25 MEXICO: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY END-USER 2020-2027 (USD MILLION) 59

TABLE 26 EUROPE VIRTUALIZED EVOLVED PACKET CORE MARKET, BY REGION, 2020-2027 (USD MILLION) 61

TABLE 27 EUROPE VIRTUALIZED EVOLVED PACKET CORE MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 61

TABLE 28 EUROPE VIRTUALIZED EVOLVED PACKET CORE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 62

TABLE 29 EUROPE VIRTUALIZED EVOLVED PACKET CORE MARKET, BY USE CASE, 2020-2027 (USD MILLION) 63

TABLE 30 EUROPE VIRTUALIZED EVOLVED PACKET CORE MARKET, BY END-USER, 2020-2027 (USD MILLION) 63

TABLE 31 GERMANY: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 64

TABLE 32 GERMANY: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 64

TABLE 33 GERMANY: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY USE CASE, 2020-2027 (USD MILLION) 65

TABLE 34 GERMANY: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY END-USER, 2020-2027 (USD MILLION) 65

TABLE 35 UK: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY COMPONENT , 2020-2027 (USD MILLION) 65

TABLE 36 UK: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 66

TABLE 37 UK: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY USE CASE, 2020-2027 (USD MILLION) 66

TABLE 38 UK: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY END-USER, 2020-2027 (USD MILLION) 66

TABLE 39 FRANCE : VIRTUALIZED EVOLVED PACKET CORE MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 67

TABLE 40 FRANCE: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 67

TABLE 41 FRANCE: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY USE CASE, 2020-2027 (USD MILLION) 68

TABLE 42 FRANCE: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY END-USER, 2020-2027 (USD MILLION) 68

TABLE 43 REST OF EUROPE : VIRTUALIZED EVOLVED PACKET CORE MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 68

TABLE 44 REST OF EUROPE: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 69

TABLE 45 REST OF EUROPE: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY USE CASE, 2020-2027 (USD MILLION) 69

TABLE 46 REST OF EUROPE: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY END-USER 2020-2027 (USD MILLION) 69

TABLE 47 ASIA-PACIFIC VIRTUALIZED EVOLVED PACKET CORE MARKET, BY REGION, 2020-2027 (USD MILLION) 72

TABLE 48 ASIA-PACIFIC VIRTUALIZED EVOLVED PACKET CORE MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 72

TABLE 49 ASIA-PACIFIC VIRTUALIZED EVOLVED PACKET CORE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 73

TABLE 50 ASIA-PACIFIC VIRTUALIZED EVOLVED PACKET CORE MARKET, BY USE CASE, 2020-2027 (USD MILLION) 74

TABLE 51 ASIA-PACIFIC VIRTUALIZED EVOLVED PACKET CORE MARKET, BY END-USER, 2020-2027 (USD MILLION) 75

TABLE 52 CHINA : VIRTUALIZED EVOLVED PACKET CORE MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 75

TABLE 53 CHINA: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 76

TABLE 54 CHINA: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY USE CASE, 2020-2027 (USD MILLION) 76

TABLE 55 CHINA: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY END-USER, 2020-2027 (USD MILLION) 76

TABLE 56 JAPAN : VIRTUALIZED EVOLVED PACKET CORE MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 77

TABLE 57 JAPAN: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 77

TABLE 58 JAPAN: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY USE CASE, 2020-2027 (USD MILLION) 78

TABLE 59 JAPAN: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY END-USER, 2020-2027 (USD MILLION) 78

TABLE 60 INDIA : VIRTUALIZED EVOLVED PACKET CORE MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 78

TABLE 61 INDIA: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 79

TABLE 62 INDIA: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY USE CASE, 2020-2027 (USD MILLION) 79

TABLE 63 INDIA: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY END-USER, 2020-2027 (USD MILLION) 79

TABLE 64 REST OF ASIA-PACIFIC : VIRTUALIZED EVOLVED PACKET CORE MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 80

TABLE 65 REST OF ASIA-PACIFIC: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 80

TABLE 66 REST OF ASIA-PACIFIC: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY USE CASE, 2020-2027 (USD MILLION) 81

TABLE 67 REST OF ASIA-PACIFIC: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY END-USER 2020-2027 (USD MILLION) 81

TABLE 68 REST OF THE WORLD VIRTUALIZED EVOLVED PACKET CORE MARKET, BY REGION, 2020-2027 (USD MILLION) 83

TABLE 69 REST OF THE WORLD: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 83

TABLE 70 REST OF THE WORLD: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 84

TABLE 71 REST OF THE WORLD: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY USE CASE, 2020-2027 (USD MILLION) 85

TABLE 72 REST OF THE WORLD: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY END-USER, 2020-2027 (USD MILLION) 85

TABLE 73 MIDDLE EAST & AFRICA: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 86

TABLE 74 MIDDLE EAST & AFRICA: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 86

TABLE 75 MIDDLE EAST & AFRICA: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY USE CASE, 2020-2027 (USD MILLION) 87

TABLE 76 MIDDLE EAST & AFRICA: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY END-USER, 2020-2027 (USD MILLION) 87

TABLE 77 LATIN AMERICA: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 87

TABLE 78 LATIN AMERICA: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY DEPLOYMENT, 2020-2027 (USD MILLION) 88

TABLE 79 LATIN AMERICA: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY USE CASE, 2020-2027 (USD MILLION) 88

TABLE 80 LATIN AMERICA: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY END-USER, 2020-2027 (USD MILLION) 89


15 List Of Figures

List Of Figures

FIGURE 1 GLOBAL VIRTUALIZED EVOLVED PACKET CORE MARKET: MARKET STRUCTURE 17

FIGURE 2 NORTH AMERICA MARKET SIZE & MARKET SHARE BY COUNTRY (2020 VS 2027) 19

FIGURE 3 EUROPE MARKET SIZE & MARKET SHARE BY COUNTRY (2020 VS 2027) 19

FIGURE 4 ASIA-PACIFIC & MARKET SHARE BY COUNTRY (2020 VS 2027) 20

FIGURE 5 REST OF THE WORLD MARKET SIZE & MARKET SHARE BY COUNTRY (2020 VS 2027) 20

FIGURE 6 RESEARCH PROCESS OF MRFR 22

FIGURE 7 TOP DOWN & BOTTOM UP APPROACH 25

FIGURE 8 DOC ANALYSIS OF GLOBAL VIRTUALIZED EVOLVED PACKET CORE MARKET 27

FIGURE 9 DRIVERS IMPACT ANALYSIS: VIRTUALIZED EVOLVED PACKET CORE MARKET 29

FIGURE 10 VALUE CHAIN: VIRTUALIZED EVOLVED PACKET CORE MARKET 32

FIGURE 11 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL VIRTUALIZED EVOLVED PACKET CORE MARKET 33

FIGURE 12 GLOBAL VIRTUALIZED EVOLVED PACKET CORE MARKET, BY COMPONENT, 2020 TO 2027 (USD MILLION) 37

FIGURE 13 GLOBAL VIRTUALIZED EVOLVED PACKET CORE MARKET, BY SERVICES, 2020 TO 2027 (USD MILLION) 39

FIGURE 14 GLOBAL VIRTUALIZED EVOLVED PACKET CORE MARKET, BY DEPLOYMENT, 2020 TO 2027 (USD MILLION) 41

FIGURE 15 GLOBAL VIRTUALIZED EVOLVED PACKET CORE MARKET, BY USE CASE, 2020 TO 2027 (USD MILLION) 45

FIGURE 16 GLOBAL VIRTUALIZED EVOLVED PACKET CORE MARKET, BY END-USER, 2020 TO 2027 (USD MILLION) 47

FIGURE 17 GLOBAL VIRTUALIZED EVOLVED PACKET CORE MARKET, BY REGION, 2020 TO 2027 (USD MILLION) 50

FIGURE 18 NORTH AMERICA: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 51

FIGURE 19 NORTH AMERICA: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY COMPONENT, 2020 TO 2027 (USD MILLION) 52

FIGURE 20 NORTH AMERICA VIRTUALIZED EVOLVED PACKET CORE MARKET, BY DEPLOYMENT , 2020 TO 2027 (USD MILLION) 53

FIGURE 21 NORTH AMERICA VIRTUALIZED EVOLVED PACKET CORE MARKET, BY USE CASE , 2020 TO 2027 (USD MILLION) 54

FIGURE 22 NORTH AMERICA VIRTUALIZED EVOLVED PACKET CORE MARKET, BY END-USER, 2020 TO 2027 (USD MILLION) 55

FIGURE 23 EUROPE VIRTUALIZED EVOLVED PACKET CORE MARKET, BY REGION, 2020-2027 (USD MILLION) 60

FIGURE 24 EUROPE VIRTUALIZED EVOLVED PACKET CORE MARKET, BY COMPONENT, 2020 TO 2027 (USD MILLION) 61

FIGURE 25 EUROPE VIRTUALIZED EVOLVED PACKET CORE MARKET, BY DEPLOYMENT, 2020 TO 2027 (USD MILLION) 62

FIGURE 26 EUROPE VIRTUALIZED EVOLVED PACKET CORE MARKET, BY USE CASE, 2020TO 2027 (USD MILLION) 62

FIGURE 27 EUROPE VIRTUALIZED EVOLVED PACKET CORE MARKET, BY END-USER, 2020 TO 2027 (USD MILLION) 63

FIGURE 28 ASIA-PACIFIC: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY REGION , 2020-2027 (USD MILLION) 71

FIGURE 29 ASIA-PACIFIC VIRTUALIZED EVOLVED PACKET CORE MARKET, BY COMPONENT, 2020 TO 2027 (USD MILLION) 72

FIGURE 30 ASIA-PACIFIC VIRTUALIZED EVOLVED PACKET CORE MARKET, BY DEPLOYMENT, 2020 TO 2027 (USD MILLION) 73

FIGURE 31 ASIA-PACIFIC VIRTUALIZED EVOLVED PACKET CORE MARKET, BY USE CASE, 2020 TO 2027 (USD MILLION) 74

FIGURE 32 ASIA-PACIFIC VIRTUALIZED EVOLVED PACKET CORE MARKET, BY END-USER, 2020 TO 2027 (USD MILLION) 75

FIGURE 33 REST OF THE WORLD VIRTUALIZED EVOLVED PACKET CORE MARKET, BY REGION, 2020-2027 (USD MILLION) 82

FIGURE 34 REST OF THE WORLD: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY COMPONENT, 2020 TO 2027 (USD MILLION) 83

FIGURE 35 REST OF THE WORLD: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY DEPLOYMENT , 2020 TO 2027 (USD MILLION) 84

FIGURE 36 REST OF THE WORLD: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY USE CASE, 2020 TO 2027 (USD MILLION) 84

FIGURE 37 REST OF THE WORLD: VIRTUALIZED EVOLVED PACKET CORE MARKET, BY END-USER, 2020 TO 2027 (USD MILLION) 85

FIGURE 38 BENCHMARKING OF MAJOR COMPETITORS 92

Global Virtualized Evolved Packet Core Market: Competitive Landscape


Affirmed Networks, Nokia Corporation, Cisco System Inc., Huawei Technologies Co. Ltd., NEC Corporation, Ericsson, SAMSUNG, ZTE Corporation, Mitel Networks Corporation, and Athonet S.R.L. constitute the key players of the global virtualized Evolved Packet Core market in 2017. These companies continue to retain their strong global hold through expansion, mergers & acquisitions, and offering an extensive product portfolio. Affirmed Networks, Nokia Corporation, Cisco System Inc., Huawei Technologies Co. Ltd., NEC Corporation, are some of the major companies in the market, competing in terms of availability, quality, price, and technology. They primarily focus on the development of sophisticated solutions. Although the major market competitors are dominating the market, regional players with small market shares also have a considerable presence.


Affirmed Networks ranked first in market share and is a provider of a network function virtualization (NFV) platform for mobile networks. The company delivers fully virtualized, cloud-native mobile solutions with a rich set of capabilities and solutions. These solutions are offered on a cloud-native microservices architecture platform that allows operators to scale their networks economically and rapidly create and deliver new revenue-generating services. Affirmed Networks relies on its next-generation technologies, particularly in the field of 5G and IoT applications. For instance, the partnership with Du, a UAE-based telecommunication service provider, has allowed Affirmed Networks to deploy NB-IoT solution on Du's fully virtualized native cloud open-stack environment as first of its kind in the Middle East region, which clearly shows its connection with IoT.


Nokia Corporation held the second rank in terms of the market share and is one of the leading providers of mobile and fixed network infrastructure with software, services, and advanced technologies. The company operates in two business segments namely Nokia Networks and Nokia Technologies. Nokia Corporation majorly relies on cloud mobility manager and cloud mobile gateway services for maintaining its market leadership in virtual Evolved Packet Core market. The company also emphasizes on providing AirGile, its cloud-native core network which provides greater flexibility, responsiveness, and adaptability for delivering high performance, and low latency demanded by the 5G market.


Cisco System Inc. acquired the third rank in terms of market share and is one of the leading giants in the field of IT and networking business. The company is engaged in designing, developing and selling a broad range of technologies aiding the Internet. The company is focused on enhancing its products by constant innovation, implementing the latest approaches such as machine learning and advanced analytics to operate and define the network, and launch its new intuitive network mainly to provide security solutions. The company emphasizes on increasing the value of the network by developing and designing solutions for multi-cloud environment and enhancing the business models.


Huawei Technologies Co. Ltd ranked fourth in the virtualized evolved packet core market and is one of the leading global information and communications technology (ICT) solutions provider. The company offers telecom carriers, enterprises, and consumers with competitive ICT solutions, products, and services. Huawei Cloud is the latest segment that enables the company to offer its customers with stable, reliable, secure, and trustworthy cloud services for various industry verticals such as manufacturing, healthcare, e-commerce, connected vehicles, high-performance computing, IoT, and SAP. The company is focusing on increasing its investment in its business segments which allows it to provide better services on customer demand for connectivity and cloud, securing a solid share of opportunities in the digital transformation market. The company also emphasized on increasing its investments in key countries, allowing its to quickly penetrate high-end markets.


NEC Corporation acquired the fifth rank and is a leading provider of information and communication technology solutions. The company is involved in providing systems, components, services, and integrated solutions for computing and communications applications. In order to attain a competitive advantage among the competitors, the company has invested heavily in R&D to enhance its product portfolio. The company also focuses on innovation and invest 4-5% of revenue in R&D to strengthen and improve its technological capabilities. For instance, in July 2016, NEC launched AI Technology NEC— the WISE and commenced four major collaborations with universities and public research institutions as part of its business growth strategy.


Some of the other players working in virtualized Evolved Packet Core market are Ericsson, SAMSUNG, ZTE Corporation, Mitel Networks Corporation, and Athonet S.R.L.