Virtualized evolved packet core (vEPC) is a framework for virtualization of functions that are required to converge voice and data on 4G long-term evolution (LTE) networks. According to the report that has been recently published by Market Research Future (MRFR), the global virtualized evolved packet core (vEPC) market is registered to expand significantly at a strong CAGR of 29% during the forecast period of 2019-2023.
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The leading players profiled by MRFR in the report on the global virtualized evolved packet core (VEPC) market are Affirmed Networks (the U.S.), Ericsson (Sweden), Huawei Technologies (China), Mavenir (the U.S.), ZTE Corporation (China), Athonet (Italy), Cisco Systems (the U.S.), NEC Corporation (Japan), Nokia Corporation (Finland), Samsung Electronics (South Korea), ExteNet Systems (the U.S.), Telrad Networks (Israel), and Core Network Dynamics (Germany) among others.
Market Drivers and Restraints:
Increasing smartphone penetration is resulting in the rise in number of LTE subscribers which in turn is fueling the growth of the global virtualized evolved packet core market. Growing need for flexible network services and reliable connectivity and mobility through high-speed data networks are some of the major factors that are propelling the growth of the global virtualized evolved packet core (vEPC) market during the forecast period.
Recent advancements in networking industry such as introduction of 5G, LTE and VoLTE are anticipated to boost the growth of the global virtualized evolved packet core market in the coming years. High adoption of virtualized evolved packet core solutions by various enterprises is impacting positively on the expansion of the global virtualized evolved packet core market. However, security concerns related with the cloud-based vEPC and lack of skilled workforce are likely to create hindrance in the growth of the global vEPC market during the forecast period.
The global Virtualized Evolved Packet Core Market has been segmented on the basis of component, deployment, use case and end-users. Based on component, the virtualized evolved packet core market is segmented into solution and services. Based on deployment, the virtualized evolved packet core market is segmented into on-cloud and on-premise. Based on use-case, the VEPC market is segmented into broadband wireless access (BWA), LTE and VOLTE, IoT and M2M, and MPN and MVNO. Based on end-users, the virtualized evolved packet core market is segmented into enterprise and telecom operators.
Geographically, the global virtualized evolved packet core market is segmented into four major regions such as North America, Asia Pacific, Europe and the rest of the world. The North America region is projecting dominance over the global vEPC market owing to the presence of prominent players, increasing usage of IoT and M2M communication in this region. The Asia Pacific region is anticipated to project significant growth in the global vEPC market owing to the rise in use of mobile broadband and migration of enterprises and operators from EPC to vEPC in this region. The Europe region holds a noteworthy share in the global vEPC market.
On 22nd February 2019, Juniper Networks, an industry leader in automated, scalable and secure networks has announced that it has expanded its partnership with Affirmed Networks, a leading player in the global virtualized evolved packet core market, and Netronome to offer mobile providers a high-performing and simple to manage distributed mobile cloud solution for faster development of IoT and 5G services.
LIST OF TABLES
TABLE 1 MARKET SYNOPSIS 14
TABLE 2 LIST OF ASSUMPTIONS 17
TABLE 3 GLOBAL VIRTUALIZED EVOLVED PACKET CORE MARKET, BY COMPONENT, 2019-2023 (USD MILLION) 38
TABLE 4 GLOBAL VIRTUALIZED EVOLVED PACKET CORE MARKET, BY SERVICES, 2019-2023 (USD MILLION) 39
TABLE 5 GLOBAL VIRTUALIZED EVOLVED PACKET CORE MARKET, BY DEPLOYMENT, 2019-2023 (USD MILLION) 42
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LIST OF FIGURES
FIGURE 1 GLOBAL VIRTUALIZED EVOLVED PACKET CORE MARKET: MARKET STRUCTURE 17
FIGURE 2 NORTH AMERICA MARKET SIZE & MARKET SHARE BY COUNTRY (2019 VS 2023) 19
FIGURE 3 EUROPE MARKET SIZE & MARKET SHARE BY COUNTRY (2019 VS 2023) 19
FIGURE 4 ASIA-PACIFIC & MARKET SHARE BY COUNTRY (2019 VS 2023) 20
FIGURE 5 REST OF THE WORLD MARKET SIZE & MARKET SHARE BY COUNTRY (2019 VS 2023) 20
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