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Virtualized Evolved Packet Core Market Size

ID: MRFR//4167-CR | 121 Pages | Author: Shubham Munde| August 2018

The Virtualized Evolved Packet Core (vEPC) industry is growing rapidly due to many causes. Demand for fast, flexible information services is a factor. Telecom managers are under pressure to provide faster and more reliable information services as mobile phone use rises. Virtualized Evolved Packet Core solutions help companies handle increased data traffic by providing a flexible business basis.

The constant evolution of 5G is another market element. 5G enterprises need advanced and agile core network configurations, and vEPC helps meet these needs. With its virtualized architecture, vEPC lets administrators quickly adapt to 5G enterprises' changing needs, improving performance, reduced idleness, and network cutting.

Cost-effectiveness is also encouraging vEPC adoption. Equipment-based EPC solutions can involve large capital investments and substantial functional costs. Virtualized arrangements reduce equipment conditions and allow administrators to employ business off-the-rack (Bunks) equipment, providing significant capital and functional consumption reserves.

Increased network capability virtualization (NFV) is also driving the vEPC industry. NFV lets managers virtualize Evolved Packet Core and other organization capabilities, making them more agile and programmable. This flexibility speeds up help, asset utilization, and network performance.

Security issues add to vEPC market appeal. The growth of digital threats and attacks on telecom companies has increased the need for strong security. Virtualized Evolved Packet Core arrangements often include advanced security features like encryption, confirmation, and interruption identification to protect sensitive client data and maintain corporate credibility.

Interoperability and normalization are crucial to the vEPC industry. As the firm evolves toward open structures and standardized interfaces, administrators may easily integrate vEPC arrangements from different suppliers. A durable and successful organization biological system requires interoperability, allowing administrators to pick best-of-breed solutions for their needs.

Administrative events also affect the global Virtualized Evolved Packet Core market. States and administrative bodies are shaping the telecom sector, and their tactics may affect virtualized arrangements. Administrative mechanisms that promote broadcast communications foundation progress, competition, and interest may significantly affect the vEPC market.

Covered Aspects:

Report Attribute/Metric Details
Market Size Value In 2022 USD 2.9 Billion
Market Size Value In 2023 USD 3.5 Billion
Growth Rate 21.12% (2023-2032)

Virtualized Evolved Packet Core (vEPC) Market Overview


The Virtualized Evolved Packet Core Market is projected to grow from USD 4.23 billion in 2024 to USD 21.12 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 22.23% during the forecast period (2024 - 2032). Additionally, the market size for Virtualized Evolved Packet Core was valued at USD 3.5 billion in 2023.


An increasing number of mobile LTE subscribers and the development of 5G infrastructure are the key market drivers enhancing the market growth.


Figure 1: Virtualized Evolved Packet Core (vEPC) Market Size, 2024-2032 (USD Billion)

Virtualized Evolved Packet Core (vEPC) Market Overview

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Virtualized Evolved Packet Core (vEPC) Market Trends


Growing development of 5G infrastructure is driving the market growth


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.


Virtualized Evolved Packet Core (vEPC) Market Segment Insights


Virtualized Evolved Packet Core (vEPC) Component Insights


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.


Virtualized Evolved Packet Core (vEPC) Deployment Insights


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.


Virtualized Evolved Packet Core (vEPC) Applications Insights


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.


Virtualized Evolved Packet Core (vEPC) End-user Insights


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 2: Virtualized Evolved Packet Core (vEPC) Market, by End-User, 2022 & 2032 (USD Billion)

Virtualized Evolved Packet Core (vEPC) Market

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Virtualized Evolved Packet Core (vEPC) Regional Insights


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 3: VIRTUALIZED EVOLVED PACKET CORE (VEPC) MARKET SHARE BY REGION 2022 (USD Billion)Virtualized Evolved Packet Core (vEPC) Market

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.


Virtualized Evolved Packet Core (vEPC) Key Market Players & Competitive Insights


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.


Key Companies in the Virtualized Evolved Packet Core (vEPC) market include




  • 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)




Virtualized Evolved Packet Core (vEPC) Industry Developments



On 22 October 2022, Smart Networks and Services Joint Undertaking (SNS JU) selected its first portfolio of thirty-five research, innovation, and trial projects to enable the evolution of 5G ecosystems and promote Europe’s 6G research. Targeting around USD250 million for this new portfolio combined under Horizon Europe, it is expected to create a world-class supply chain in Europe for advanced 5G systems besides developing European 6G technology capabilities.


On September 22nd, 2022, Nokia launched its latest Software-as-a-Service (SaaS) solution known as Automation, Visualization and Analytics (AVA), charging to help Communication Service Providers (CSPs) and corporates launch new services efficiently for use cases involving IoT & 5G. Based on extensive feedback from various customer engagements, it uses business intelligence to enable rapid monetization of its services related to 5G and IoT. AVA Charging utilizes Artificial Intelligence (AI), Machine Learning (ML), no code configuration, open APIs, multi-cloud orchestration and digital ecosystems following its ‘Intelligence Everywhere’ concept.


Deutsche Telekom (DT) and Mavenir announced that they have successfully delivered and deployed Mavenir’s cloud-native core for Deutsche Telekom in Germany in September 2022.


Qualcomm Technologies announced in September 2022 that it had started sampling Qualcomm X100 accelerator cards for RAN( Radio Access Network card). The company has also provided global customers with the Qualcomm QRU100 platform based on an integrated circuit designed to support the infrastructure required by next-gen mobile telephony systems.


Collaborating with Red Hat in June 2022, Ericsson sought verification of network functions together with platforms which facilitate faster market entry of service providers’ next-generation services under a multi-vendor setup.


Virtualized Evolved Packet Core (vEPC) Market Segmentation



Virtualized Evolved Packet Core (vEPC) Component Outlook




  • Solutions




  • Services




Virtualized Evolved Packet Core (vEPC) Deployment Outlook




  • On-Premise




  • On-Cloud




Virtualized Evolved Packet Core (vEPC) Applications Outlook




  • LTE




  • VOLTE




  • VOWiFi




  • IoT and M2M




  • MPN and MVNO




Virtualized Evolved Packet Core (vEPC) End-User Outlook




  • Telecom Operators




  • Enterprises




Virtualized Evolved Packet Core (vEPC) Regional Outlook




  • 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





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