ID: MRFR/ICT/4167-CR | August 2018 | Region: Global | 121 pages
The virtualized evolved packet core market is powered by software-defined networking technology and carrier-grade virtualization platform The network's components which traditionally run on and dedicated hardware is moved to the software so that it can operate on low-cost commercial off-the-shelf services.
The market for virtualized Evolved Packet Pore (vEPC) is set to reach a valuation of more than USD 13.65 Billion in 2030 up from USD 1,020.05 Mn in 2017, averaging a growth rate of almost 21.12%. This market research report about virtualized evolved packet core market consists of various segments, competitive landscape, trains, drivers, restraints, and other factors that play a substantial role in the growth of virtualized evolved packet core market
Due to the current situation of coronavirus, every single business out there in the world is drastically affected. Businesses smaller, medium or big are experiencing severe downfalls in their market growth. Due to the current shutdown or lockdown, manufacturing, production, and customer services are unavailable. All the pandemic situations decline the use and installation of the service. All these factors just take effect in the virtualized evolved packet core market. But due to the initiation in the process of vaccination in the year 2021, it is believed that by the year 2022 things will get back to normal.
The LTE, VOLTE, and VOWifi are expected to hold the largest world realized evolved packet core share. Emmanuel's are utilizing virtualized evolved packet core solutions on their mobile coon networks to deliver the LTE, voice over LTE, and voice over Wi-Fi services. These services are provided on mobile to mobile subscribers. The mobile operators are delivering Wi-Fi calling services to customers in a very low network coverage area also.
The Asia Pacific is especially prominent in countries of Japan, South Korea, Australia, Singapore, China, and India.
All these prominent key players play a major road in the dynamics and growth of the virtualized evolved packet core market. These major key players opt for many strategies and policies to widen their customer base. These policies and strategies mainly include collaborations, mergers, acquisitions, extensions, joint ventures, establishments, new production processes, innovations, technology widening the existing products, partnerships, etc. All these important methods are opted to get the needs of customers and develop a strong potential growth base. These major key players contribute a major amount to the sugar frequency and are very helpful in developing innovations to improve the market.
In the global virtualized evolved packet core market research report, there are major factors that drive the growth of the market. The report consists of opportunities that may further in the future and hands the global market of virtualized evolved packet core. Various factors restrain the growth of sugar-free confectioneries and hamper the development of such a fine-based market. This search report also consists of various analyses based on Covid 19 impact market dynamics, different segmentations, regional analysis, etc. This research report also consists of various strategies and policies followed by the major key players that drive the virtualized evolved packet core market. The future growth rate is also discussed and mentioned in this research report.
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Component, Deployment|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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)|
|Key Market Opportunities||
|Key Market Drivers||Technological advancements and adoption of 5G, IoT, and M2M technologies are driving the growth of the market.|
Frequently Asked Questions (FAQ) :
The global virtualized evolved packet core (vEPC) market is expected to record a substantial market valuation of USD 13.65 Billion by 2030.
The global virtualized evolved packet core (vEPC) market is projected to register an approximate 21.12% CAGR in the forecast period.
Technological advancements and adoption of 5G, IoT, and M2M technologies are driving the growth of the market.
The solution segment is slated to expand as the fastest-growing segment.
The LTE and VoLTE segment is slated to expand as the fastest-growing segment.
The telecom operators segment is slated to expand as the fastest-growing segment.
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.
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.