Virtualized Evolved Packet Core (vEPC) companies specialize in providing virtualized core network solutions for mobile and wireless communication networks. These solutions offer the flexibility and scalability needed to support 4G and 5G services, including data traffic, voice, and IoT. vEPC companies play a crucial role in enabling efficient and agile mobile network infrastructure.
Competitive Landscape of Virtualized Evolved Packet Core Market
The virtualized evolved packet core (vEPC) market is experiencing a surge, driven by the widespread adoption of 5G and the need for flexible, scalable network infrastructure. This dynamic landscape presents both opportunities and challenges for established players and emerging challengers. Here's a comprehensive analysis of the vEPC market competition, including key players, their strategies, and factors influencing market share:
Key Players in the Arena:
Strategies Driving Market Share:
Factors Influencing Market Share Analysis:
New and Emerging Companies:
Several smaller players are entering the fray, focusing on niche areas like containerized vEPC deployments, network function virtualization (NFV) orchestration tools, and security solutions for vEPC infrastructure. These companies offer innovative approaches and cater to specific operator segments, potentially disrupting the market in the long run.
Current Investment Trends:
Latest Company Updates:
NEC Corporation is set to launch its open virtualized RAN software package onto the global market in 2022. The vCU/vDU software suite from NEC makes use of the company's extensive technological leadership experience and dedication to enhancing Open Radio Access Networks (RAN). With best-of-breed products and services from NEC and its partners in the areas of open transport, automation, orchestration, converged packet core, software, open RAN radio units, and open transport, NEC Open Networks offers operators options in every category.
As per recent research by Dell'Oro Group, Huawei and Ericsson hold a strong position in the evolving packet core (EPC) industry in 2018. In the second quarter of this year, the total market share of the two vendors rose to almost 60%. Overall, the revenue from the EPC market.
Virtualized Evolved Packet Core (vEPC) Market Size was valued at USD 2.9 Billion in 2022. The Virtualized Evolved Packet Core (vEPC) market industry is projected to grow from USD 3.5 Billion in 2023 to USD 21.12 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 21.12% during the forecast period (2023 - 2032).An increasing number of mobile LTE subscribers and the development of 5G infrastructure are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for Virtualized Evolved Packet Core (vEPC) is driven by the rising development of 5G infrastructure. Numerous new technological developments have occurred, including 5G in the telecommunications sector. Technologies like IoT are prompting MNOs to construct 5G infrastructure due to increased data traffic. Faster data transfer and on-demand network service provisioning will be possible thanks to 5G. MNOs are therefore required to deploy vEPC to improve their networks so that radio resources can be used effectively and network capacity may be increased.
Additionally, capacity and network intelligence may be boosted with virtualized EPC to satisfy the growing need for cutting-edge mobile data applications. One or more main use cases for Virtualized Evolved Packet Core Systems include the Internet of Things (IoT), LTE, VoLTE, M2M, and VO Wi-Fi. Telecommunications businesses are also searching for more economical solutions due to the growing need for additional bandwidth to support mobile networks.
Furthermore, the rapid rise in the amount of data carried by cellular networks has been primarily caused by consumer demand for video and the move in business practices toward cloud services. The commercialization of 5G services in industries like private 5G and the availability of unlicensed and shared spectrum globally are expected to impact future trends in the vEPS industry. Thus, driving the Virtualized Evolved Packet Core (vEPC) market revenue.
The global Virtualized Evolved Packet Core (vEPC) market segmentation, based on component, includes solutions and services. The services segment dominated the market, accounting for maximum market revenue. Services play a significant role in adopting and integrating next-generation networking solutions in an organization’s operational environment. Because they primarily focus on optimizing business operations and improving the network of the organizations, services are seen as a significant component of the vEPC industry.
The global Virtualized Evolved Packet Core (vEPC) market segmentation, based on deployment, includes on-premise and on-cloud. The on-premise segment generated the most income due to the large scale and size of incumbent enterprises still relying on physical servers for their networking requirements.
The global Virtualized Evolved Packet Core (vEPC) market segmentation, based on applications, includes LTE, VOLTE, VOWiFi, IoT and M2M, and MPN & MVNO. IoT and M2M generated the most revenue. Several mobile operators have installed EPC in the IoT packet core network. VEPC solution providers are also preparing NFV solutions for the IoT cellular. It is simple for the operator to provide superior connections for M2M devices and explore innovative services for customers by adopting the vEPC solution in IoT core networks.
The global Virtualized Evolved Packet Core (vEPC) market segmentation, based on end-user, includes telecom operators and enterprises. The telecom operators have generated the maximum market revenue. Telecom operators in many countries have already started using virtualized evolved packet core solutions. The South Korean carrier SK Telecom has successfully implemented a virtualized evolving packet core system. Telecom companies in North America and Asia-Pacific have also applied the technology to boost network effectiveness.
Figure 1: Global Virtualized Evolved Packet Core (vEPC) Market, by End-User, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American Virtualized Evolved Packet Core (vEPC) market area will dominate this market, owing to the presence of big telecom giants. In addition, the growing penetration of 5G and 6G infrastructure, research & development activities, and highly developed network connectivity will boost market growth in this region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: GLOBAL VIRTUALIZED EVOLVED PACKET CORE (VEPC) MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's Virtualized Evolved Packet Core (vEPC) market accounts for the second-largest market share due to the deployment of LTE and 5G-based network connectivity, smartphone penetration and research & development. Further, the German Virtualized Evolved Packet Core (vEPC) market held the largest market share, and the UK Virtualized Evolved Packet Core (vEPC) market was the fastest growing market in the European region.
The Asia-Pacific Virtualized Evolved Packet Core (vEPC) Market is expected to grow at the fastest CAGR from 2023 to 2032 due to the growing acceptance of cloud computing and Internet of Things (IoT)-based applications. Moreover, China’s Virtualized Evolved Packet Core (vEPC) market held the largest market share, and the Indian Virtualized Evolved Packet Core (vEPC) market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the Virtualized Evolved Packet Core (vEPC) market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Virtualized Evolved Packet Core (vEPC) industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global Virtualized Evolved Packet Core (vEPC) industry to benefit clients and increase the market sector. In recent years, the Virtualized Evolved Packet Core (vEPC) industry has offered some of the most significant advantages to technology. Major players in the Virtualized Evolved Packet Core (vEPC) market, including 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), and others, are attempting to increase market demand by investing in research and development operations.
Nokia Corporation is a multinational company that specializes in consumer electronics, information technology, and telecommunications. Nokia Corporation is also known as Nokia in Finnish and Swedish. The headquater of Nokia are situated in Espoo, Finland. The company was established in 1865. For instance: In September 2022, Nokia launched its newest Software-as-a-Service (SaaS) solution, Visualization, Automation, and Analytics (AVA) charging, intended to assist Communication Service Providers (CSPs) and enterprises in efficiency releasing new offerings for 5G and IoT usage cases. With its ‘Intelligence Everywhere’ method, Machine Learning (ML), AVA Charging leverages Artificial Intelligence (AI), Open APIs, no code configuration, multi-cloud orchestration and digital ecosystems to bring comprehensive capabilities.
Telefonaktiebolaget LM Ericcson, also known as Ericcson, is a global Swedish networking and telecommunications corporation headquartered in Stockholm. For telecom service providers and businesses, the company supplies software, infrastructure, and services in information and communications technology, and optical transport systems. Over 1, 00,000 individuals work for the corporation, which operates in over 180 nations. Over 57,000 awarded patents belong to Erricson. One of the pioneers in 5G, Ericsson has made important contributions to the growth of the telecom sector. For Instance: In February 2023, Ericsson and Econet will roll out 5G in Zimbave. Due to the cooperation, Econet will have access to Ericsson’s most recent Radio Access Network (RAN) and 5G Evolved Packet Core (EPC) solutions, which are much faster than 4G and will improve user experience and capacity.
Nokia Corporation (Finland)
Cisco System Inc. (US)
Huawei Technologies Co. Ltd. (China)
NEC Corporation (Japan)
Ericsson AB (Sweden)
SAMSUNG (South Korea)
ZTE Corporation (Chine)
Mitel Networks Corporation (US)
Affirmed Networks (US)
Athonet S.R.L. (Italy)
October 2022: The Smart Networks and Services Joint Undertaking (SNS JU) has selected its inaugural portfolio of 35 research, trial projects, and innovation to aid in developing 5G ecosystems and advance 6G research in Europe. With a total investment for this new portfolio of roughly €250 million under Horizon Europe, the objective is to establish a world-class European supply chain for cutting-Edge 5G equipment and increase Europe’s 6G technology capabilities.
Mary 2019: Vodafone Idea Limited will implement Ericsson cloud packet core to improve network performance. The market-leading core network applications and network functions from Ericsson, including its virtual Evolved Packet Gateway (vEPG) Service-Aware Policy Controller (vSAPC) and Virtualization Infrastructure (NFVI) solutions, will help VIL. These solutions allow for the quick rollout of new services and guarantee the continuity of all current ones.
Solutions
Services
On-Premise
On-Cloud
LTE
VOLTE
VOWiFi
IoT and M2M
MPN and MVNO
Telecom Operators
Enterprises
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
Virtualized Evolved Packet Core Market Highlights:
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)