The Global Virtualized Evolved Packet Core (vEPC) market is expected to grow from USD 3.90 billion in 2020 to USD 20.43 billion by 2028, at a CAGR of 23% during the forecast period 2021-2028.
The Virtualized Evolved Packet Core network system is a cutting-edge mobile-core network technology that is gaining interest in the telecommunications industry. The constantly growing user base isn't necessarily impacting the sector's sales. As a result, telecom companies are seeking ways that would allow them to increase capacity and coverage while lowering total operating costs. Network operators are rapidly using virtualized Evolved Packet Core to improve service quality at a low price. The adoption of Virtualized Evolved Packet Core is also driven by advancements in technologies such as 5G, IoT, and M2M. As these technologies advance, more potential for advanced mobile-core network systems will open up. Mobile providers can theoretically build networks to satisfy the particular requirements of individual customers by virtualizing evolved Packet Core capabilities, mixing and matching individual network components as needed. Furthermore, by decreasing dependency on specialized hardware, vEPC can cut CAPEX and OPEX while speeding up service delivery, allowing for on-demand scaling, and adapting to real-time network circumstances and user needs.
The factors driving the market are growing Virtualized Evolved Packet Core globally, increasing mobile network data traffic, increasing number of smartphone subscriptions, increasing average data volume per subscription, the shift of business toward the use of cloud services, and high bandwidth. The factors restraining the market growth are rising security concerns, the complexity of networks leading to weak linkages, security threats, lack of awareness, and lack of resources to shift toward virtualization. Increasing growth in the IoT market, ability to cost-effectively customization, low-latency, advancements in Machine-to-Machine communication networks, and the evolution of the LTE to 5G technology are expected to provide market growth opportunities.
This study delivers a comprehensive analysis of Component, Network, End User, and region. The Component segment includes Solutions, Services. The Services segment held the largest market share due to the changing trends in technologies, increasing adoption of vEPC solutions, lowering operational costs, increasing the overall revenue, and improving the business performance. The Network segment includes 4G and 5G. The 5G segment holds the largest market share, owing to the growing demand for automated networks, benefits from software-defining 5G network, service versatility, and cloud-based technologies. The End User segment includes Telecom operator & Enterprise. Telecom operators held the largest market share due to rising smartphone users, increasing data usage, transparency, and network stability.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia Pacific holds the largest market share in Japan, South Korea, Australia, Singapore, China, and India, owing to the increasing deployment of 4G and 5G networks, massive mobile subscriber base, and better customer service. North America is anticipated to grow and holds the largest share in the U.S due to the acceptance of cloud-based solutions, emerging technologies such as the IoT, big data analytics, and mobility.
Some notable players in the market are Nokia, Ericsson, Cisco, Druid Software, Huawei, Samsung, Polaris Networks, Affirmed Networks, Athonet, IPLook, Tech Mahindra, Parallel Wireless, Xingtera, and Telrad Networks.
Global Virtualized Evolved Packet Core (vEPC) Market Analysis and Forecast, Component
Global Virtualized Evolved Packet Core (vEPC)Market Analysis and Forecast, Network
Global Virtualized Evolved Packet Core (vEPC)Market Analysis and Forecast, Network
Global Virtualized Evolved Packet Core (vEPC) Market Analysis and Forecast, Region
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Component
4.3.2. Market Attractiveness Analysis By Network
4.3.3. Market Attractiveness Analysis By End User
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing mobile network data traffic
5.2.2. Increasing number of smartphone subscriptions
5.2.3. Increasing average data volume per subscription
5.2.4. Shift of business toward the use of cloud services
5.2.5. High bandwidth
5.3. Restrains
5.3.1. Rising security concerns
5.3.2. Complexity of networks leading to weak linkages
5.3.3. Security threats
5.3.4. Lack awareness
5.3.5. Lack of resources to shift toward virtualization
5.4. Opportunities
5.4.1. Rising growth in IoT market
5.4.2. Ability to cost-effectively customization
5.4.3. Low-latency
5.4.4. Advancements in Machine-to-Machine communication networks
5.4.5. The evolution of the LTE to 5G technology
6. Global Virtualized Evolved Packet Core Market Analysis and Forecast, By Component
6.1. Segment Overview
6.2. Solutions
6.3. Services
7. Global Virtualized Evolved Packet Core Market Analysis and Forecast, By Network
7.1. Segment Overview
7.2. 4G
7.3. 5G
8. Global Virtualized Evolved Packet Core Market Analysis and Forecast, By Network
8.1. Telecom operator
8.2. Enterprise
9. Global Virtualized Evolved Packet Core Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Virtualized Evolved Packet Core Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Virtualized Evolved Packet Core Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Network Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Nokia
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Network Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Ericsson
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Network Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Cisco
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Network Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Druid Software
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Network Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Huawei
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Network Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Samsung
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Network Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Polaris Networks
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Network Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Affirmed Networks
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Network Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Athonet
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Network Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. IPLook
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Network Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Tech Mahindra
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Network Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. Idexx Laboratories Inc.
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Network Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
11.13. Parallel Wireless
11.13.1. Business Overview
11.13.2. Company Snapshot
11.13.3. Company Market Share Analysis
11.13.4. Company Network Portfolio
11.13.5. Recent Developments
11.13.6. SWOT Analysis
11.14. Xingtera
11.14.1. Business Overview
11.14.2. Company Snapshot
11.14.3. Company Market Share Analysis
11.14.4. Company Network Portfolio
11.14.5. Recent Developments
11.14.6. SWOT Analysis
11.15. Telrad Networks
11.15.1. Business Overview
11.15.2. Company Snapshot
11.15.3. Company Market Share Analysis
11.15.4. Company Network Portfolio
11.15.5. Recent Developments
11.15.6. SWOT Analysis
List of Table
1. Global Virtualized Evolved Packet Core Market, By Component, 2018-2028 (USD Billion)
2. Global Solutions, Virtualized Evolved Packet Core Market, By Region, 2018-2028 (USD Billion)
3. Global Services, Virtualized Evolved Packet Core Market, By Region, 2018-2028 (USD Billion)
4. Global Virtualized Evolved Packet Core Market, By Network, 2018-2028 (USD Billion)
5. Global 4G, Virtualized Evolved Packet Core Market, By Region, 2018-2028 (USD Billion)
6. Global 5G, Virtualized Evolved Packet Core Market, By Region, 2018-2028 (USD Billion)
7. Global Virtualized Evolved Packet Core Market, By End User, 2018-2028 (USD Billion)
8. Global Telecom operator, Virtualized Evolved Packet Core Market, By Region, 2018-2028 (USD Billion)
9. Global Enterprise, Virtualized Evolved Packet Core Market, By Region, 2018-2028 (USD Billion)
10. North America Virtualized Evolved Packet Core Market, By Component, 2018-2028 (USD Billion)
11. North America Virtualized Evolved Packet Core Market, By Network, 2018-2028 (USD Billion)
12. North America Virtualized Evolved Packet Core Market, By End User, 2018-2028 (USD Billion)
13. U.S. Virtualized Evolved Packet Core Market, By Component, 2018-2028 (USD Billion)
14. U.S. Virtualized Evolved Packet Core Market, By Network, 2018-2028 (USD Billion)
15. U.S. Virtualized Evolved Packet Core Market, By End User, 2018-2028 (USD Billion)
16. Canada Virtualized Evolved Packet Core Market, By Component, 2018-2028 (USD Billion)
17. Canada Virtualized Evolved Packet Core Market, By Network, 2018-2028 (USD Billion)
18. Canada Virtualized Evolved Packet Core Market, By End User, 2018-2028 (USD Billion)
19. Mexico Virtualized Evolved Packet Core Market, By Component, 2018-2028 (USD Billion)
20. Mexico Virtualized Evolved Packet Core Market, By Network, 2018-2028 (USD Billion)
21. Mexico Virtualized Evolved Packet Core Market, By End User, 2018-2028 (USD Billion)
22. Europe Virtualized Evolved Packet Core Market, By Component, 2018-2028 (USD Billion)
23. Europe Virtualized Evolved Packet Core Market, By Network, 2018-2028 (USD Billion)
24. Europe Virtualized Evolved Packet Core Market, By End User, 2018-2028 (USD Billion)
25. Germany Virtualized Evolved Packet Core Market, By Component, 2018-2028 (USD Billion)
26. Germany Virtualized Evolved Packet Core Market, By Network, 2018-2028 (USD Billion)
27. Germany Virtualized Evolved Packet Core Market, By End User, 2018-2028 (USD Billion)
28. France Virtualized Evolved Packet Core Market, By Component, 2018-2028 (USD Billion)
29. France Virtualized Evolved Packet Core Market, By Network, 2018-2028 (USD Billion)
30. France Virtualized Evolved Packet Core Market, By End User, 2018-2028 (USD Billion)
31. U.K. Virtualized Evolved Packet Core Market, By Component, 2018-2028 (USD Billion)
32. U.K. Virtualized Evolved Packet Core Market, By Network, 2018-2028 (USD Billion)
33. U.K. Virtualized Evolved Packet Core Market, By End User, 2018-2028 (USD Billion)
34. Italy Virtualized Evolved Packet Core Market, By Component, 2018-2028 (USD Billion)
35. Italy Virtualized Evolved Packet Core Market, By Network, 2018-2028 (USD Billion)
36. Italy Virtualized Evolved Packet Core Market, By End User, 2018-2028 (USD Billion)
37. Spain Virtualized Evolved Packet Core Market, By Component, 2018-2028 (USD Billion)
38. Spain Virtualized Evolved Packet Core Market, By Network, 2018-2028 (USD Billion)
39. Spain Virtualized Evolved Packet Core Market, By End User, 2018-2028 (USD Billion)
40. Asia Pacific Virtualized Evolved Packet Core Market, By Component, 2018-2028 (USD Billion)
41. Asia Pacific Virtualized Evolved Packet Core Market, By Network, 2018-2028 (USD Billion)
42. Asia Pacific Virtualized Evolved Packet Core Market, By End User, 2018-2028 (USD Billion)
43. Japan Virtualized Evolved Packet Core Market, By Component, 2018-2028 (USD Billion)
44. Japan Virtualized Evolved Packet Core Market, By Network, 2018-2028 (USD Billion)
45. Japan Virtualized Evolved Packet Core Market, By End User, 2018-2028 (USD Billion)
46. China Virtualized Evolved Packet Core Market, By Component, 2018-2028 (USD Billion)
47. China Virtualized Evolved Packet Core Market, By Network, 2018-2028 (USD Billion)
48. China Virtualized Evolved Packet Core Market, By End User, 2018-2028 (USD Billion)
49. India Virtualized Evolved Packet Core Market, By Component, 2018-2028 (USD Billion)
50. India Virtualized Evolved Packet Core Market, By Network, 2018-2028 (USD Billion)
51. India Virtualized Evolved Packet Core Market, By End User, 2018-2028 (USD Billion)
52. South America Virtualized Evolved Packet Core Market, By Component, 2018-2028 (USD Billion)
53. South America Virtualized Evolved Packet Core Market, By Network, 2018-2028 (USD Billion)
54. South America Virtualized Evolved Packet Core Market, By End User, 2018-2028 (USD Billion)
55. Brazil Virtualized Evolved Packet Core Market, By Component, 2018-2028 (USD Billion)
56. Brazil Virtualized Evolved Packet Core Market, By Network, 2018-2018 (USD Billion)
57. Brazil Virtualized Evolved Packet Core Market, By End User, 2018-2028 (USD Billion)
58. Middle East and Africa Virtualized Evolved Packet Core Market, By Component, 2018-2028 (USD Billion)
59. Middle East and Africa Virtualized Evolved Packet Core Market, By Network, 2018-2028 (USD Billion)
60. Middle East and Africa Virtualized Evolved Packet Core Market, By End User, 2018-2028 (USD Billion)
61. UAE Virtualized Evolved Packet Core Market, By Component, 2018-2028 (USD Billion)
62. UAE Virtualized Evolved Packet Core Market, By Network, 2018-2028 (USD Billion)
63. UAE Virtualized Evolved Packet Core Market, By End User, 2018-2028 (USD Billion)
64. South Africa Virtualized Evolved Packet Core Market, By Component, 2018-2028 (USD Billion)
65. South Africa Virtualized Evolved Packet Core Market, By Network, 2018-2028 (USD Billion)
66. South Africa Virtualized Evolved Packet Core Market, By End User, 2018-2028 (USD Billion)
List of Figures
1. Global Virtualized Evolved Packet Core Market Segmentation
2. Global Virtualized Evolved Packet Core Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Virtualized Evolved Packet Core Market Attractiveness Analysis By Component
9. Global Virtualized Evolved Packet Core Market Attractiveness Analysis By Network
10. Global Virtualized Evolved Packet Core Market Attractiveness Analysis By End User
11. Global Virtualized Evolved Packet Core Market Attractiveness Analysis By Region
12. Global Virtualized Evolved Packet Core Market: Dynamics
13. Global Virtualized Evolved Packet Core Market Share by Component (2021 & 2028)
14. Global Virtualized Evolved Packet Core Market Share by Network (2021 & 2028)
15. Global Virtualized Evolved Packet Core Market Share by Regions (2021 & 2028)
16. Global Virtualized Evolved Packet Core Market Share by Company (2020)
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