The Virtualized Evolved Packet Core (Vepc) Market is being driven by Rising use of multimedia services
The Virtualized Evolved Packet Core (Vepc) Market is expected to grow at a CAGR of 78.25% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 210652.2 million. In the rapidly evolving telecommunications landscape, driven by technological advancements such as 5G and the proliferation of IoT, Mobile Network Operators (MNOs) are under pressure to enhance their networks to efficiently manage increasing data traffic and maximize radio resource utilization. To address this challenge, vEPC, a key component of 5G infrastructure, is gaining traction. This software-defined networking solution enables on-demand network services and faster data transfer, making it an essential investment for MNOs worldwide. In June 2020, our company showcased its commitment to this trend by expanding its Dallas Infomart Data Center campus with a new USD142M International Business Exchange data center and launching a 5G and Edge Proof of Concept Center (POCC). This strategic move positions us at the forefront of the 5G revolution, further solidifying our role as a leading provider of advanced telecommunications solutions.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
183 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 78.25% |
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Market growth 2024-2028 |
USD 210652.2 million |
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Market structure |
fragmentation |
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YoY growth 2023-2024(%) |
63.63 |
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Key countries |
US, China, Germany, Japan, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The vEPC (Virtualized Evolved Packet Core) market is experiencing significant growth, driven by the increasing demand for 5G infrastructure and the proliferation of IoT (Internet of Things) devices. Enterprises are increasingly turning to vEPC solutions to support voice and data services in a more agile and cost-effective way. The vEPC framework provides a flexible and scalable solution for mobile networks, enabling real-time data transmission for bandwidth-intensive activities such as online gaming and video streaming. Security concerns are a major factor in the adoption of vEPC, with SDN (Software-Defined Networking) technology providing enhanced security features. Key players in the vEPC market include Telrad Networks, Tecore, Lemko, Xingtera, Polaris Networks, and Parallel Wireless. These companies offer solutions tailored to the needs of enterprises and the IoT sector, enabling them to manage data traffic from connected devices more efficiently. With the rise of 5G and the increasing importance of data-intensive applications, the vEPC market is set to continue its growth trajectory. Cloud computing is also playing a role in the vEPC market, enabling the deployment of virtualized network functions and the delivery of services on-demand.
The Virtualized Evolved Packet Core (vEPC) market falls under the broader category of networking software within the global IT systems software market. This market encompasses organizations specializing in the development and production of software solutions, including database management software, application development and management software, cloud computing software, data centers, hosting software, IT management software, mobility software, and security software. Technavio's market analysis calculates the market size based on the consolidated revenue generated by companies providing various types of systems software, including cloud-based solutions. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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