Virtual Evolved Packet Core (vEPC) is defined as a framework for virtualizing the functions that are required to converge voice and data on 4G Long-Term Evolution (LTE) networks. Market Research Future (MRFR) has published a research report on the global virtualized evolved packet core market that envisions massive expansion for this market at 50% CAGR (Compound Annual Growth Rate) between 2018 and 2023. By value, the market has been figured to be worth the US $ 11,500 mn by the end of the forecast period.
This report covers historical market trends, market dynamics, market forecast, market value by region as well as by segmentation, country-level analysis for each market segment. It also offers insights on the key player’s market share analysis, along with the market factor analysis that covers supply chain and Porter’s five forces analysis of the market.
The powerful factor for global virtualized evolved packet core market growth is the growing traction of vEPC in the telecommunication sector that earlier had limited capacity and coverage. The telecom companies not only need to boost capacity and coverage but to also reduce the overall outlay on operations by optimizing service quality at a minimal cost. The vEPC adoption is growing due to advancement in technologies such as 5G, internet of things (IoT), and Machine to machine (M2M). Using virtualized evolved packet core allows mobile providers to customize networks to provide specific customer needs. vEPC can be operated on low-cost servers. Other factors helping the market growth include the introduction of 5G and increasing demand for IoT across the world. However, the reluctance on the part of mobile operators to switch from traditional infrastructure to virtualized infrastructure can hamper the market growth.
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The global virtualized evolved packet core market segmentation segments the market into component, deployment, end-user, use cases, and lastly, region. The component-based segmentation segments this market into services and solutions. Based on deployment, the market has been segmented into on-cloud vEPC deployment and on-premise vEPC deployment.
With regards to end-users, the market has been segmented into telecom operator and enterprises. On the basis of use cases, the market has been segmented into broadband wireless access (BWA), LTE & Voice-over LTE (VoLTE), IoT & M2M, and mobile network operator (MNO) & mobile virtual network operator (MVNO).
The regional segmentation of the global virtualized evolved packet core market segments the market into regional markets known as Europe, Asia Pacific, North America, and rest of the world (RoW). During the forecast period, the maximum market growth is expected in the Asia Pacific region due to factors like smartphone penetration & internet penetration in this region, and heavy level of investments with regards to network infrastructure upgrade. Due to growing infrastructure, rising disposable income, high density of population, the major country-specific markets in this region are China, India, and Japan, followed by the remaining countries in the Asia Pacific region.
The key players in the global Virtualized Evolved Packet Core (vEPC) Market include Affirmed Networks (USA), Athonet S.R.L. (Italy), Cisco System Inc. (USA), Ericsson AB (Sweden), Huawei Technologies Co. Ltd. (China), Mitel Networks Corporation (USA), NEC Corporation (Japan), Nokia Corporation (Finland), Samsung (South Korea), and ZTE Corporation (China).
In North America, the market is growing due to the presence of a strong telecom network infrastructure, improved adoption of 4G technology in the region, and the presence of major market players. In terms of revenue, the important country-specific markets in this region are the USA, Canada, and Mexico.
Europe is another important regional market due to the reasons that are the same as in North America. In this region, the biggest country-specific markets are France, Germany, Russia, and the UK, followed by the remaining countries of the world.
The RoW segment covers the countries of Latin America and the Middle East & Africa (MEA). Latin America is a small market because the availability of advanced technology is limited in this region. Argentina and Brazil are two strong economies that have the potential to rise as lucrative markets in the future. In the MEA region, the market is small due to poor countries, lack of education, lack of awareness, lack of skilled labor, lack of skilled professionals, and lack of technological advancement.
Latest Industry News
Switzerland-based Swisscom is set to become Europe’s first provider of 5G services in the 3.5 GHz band that works on actual 5G smartphones. 10 APR 2019
According to the terms of the Network Functions Virtualization (NFV) contract signed between Telekom Srbija and Ericsson, all network function solutions and related services of Ericsson have been harnessed to deploy Ericsson Cloud Core solutions. 10 APR 2019
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LIST OF TABLES
TABLE 1 MARKET SYNOPSIS 14
TABLE 2 LIST OF ASSUMPTIONS 17
TABLE 3 GLOBAL VIRTUALIZED EVOLVED PACKET CORE MARKET, BY COMPONENT, 2018-2023 (USD MILLION) 38
TABLE 4 GLOBAL VIRTUALIZED EVOLVED PACKET CORE MARKET, BY SERVICES, 2018-2023 (USD MILLION) 39
TABLE 5 GLOBAL VIRTUALIZED EVOLVED PACKET CORE MARKET, BY DEPLOYMENT, 2018-2023 (USD MILLION) 42
LIST OF FIGURES
FIGURE 1 GLOBAL VIRTUALIZED EVOLVED PACKET CORE MARKET: MARKET STRUCTURE 17
FIGURE 2 NORTH AMERICA MARKET SIZE & MARKET SHARE BY COUNTRY (2018 VS 2023) 19
FIGURE 3 EUROPE MARKET SIZE & MARKET SHARE BY COUNTRY (2018 VS 2023) 19
FIGURE 4 ASIA-PACIFIC & MARKET SHARE BY COUNTRY (2018 VS 2023) 20
FIGURE 5 REST OF THE WORLD MARKET SIZE & MARKET SHARE BY COUNTRY (2018 VS 2023) 20
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