According to a research report “ Virtualized Evolved Packet Core (vEPC) Market” by Component (Solutions, Services) Application (LTE/VoLTE/VoWiFi, MPN and MVNO, IoT and M2M, BWA) Geography (North America, APAC, Europe, Middle East and Africa, South America)- Global Forecast to 2027 published by Technavio, the market size is estimated to grow by USD 72902.49 million, at a CAGR of 59.5% during the forecast period. In today's digital age, multimedia consumption through social media and on-demand content platforms has become a significant part of daily life. According to recent studies, the average daily usage of social media reached approximately 147 minutes in 2022, representing a 63% increase since 2012. This trend is driven by the widespread availability of multimedia services on mobile devices and the increasing volume of on-demand content. With an estimated 64.4% of the global population expected to have internet access by 2022, the demand for mobile data traffic is surging. To accommodate this growth, network operators are increasingly turning to virtualized Evolved Packet Core (vEPC) solutions to expand their bandwidth and enhance network efficiency. vEPC is a key technology that enables the virtualization of traditional packet core network functions, providing operators with the flexibility and scalability needed to meet the demands of today's data-intensive multimedia services..
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By Component, the Solutions segment is projected to dominate the market size in 2024
The Virtualized Evolved Packet Core (vEPC) market signifies a significant shift towards network virtualization in mobile communications. This business solution enables service providers to deliver advanced services through a more agile and efficient infrastructure. By implementing vEPC, organizations can enhance network performance, reduce costs, and improve scalability. The market is poised for robust growth due to increasing demand for high-speed data services and the need for network flexibility.
By Application, LTE/VoLTE/VoWiFi segment is expected to hold the largest market size for the year 2024
The Virtualized Evolved Packet Core (vEPC) market is experiencing significant growth due to the increasing demand for network virtualization and cloud-based services in telecommunications. vEPC is a key component of next-generation networks, enabling service agility, faster time-to-market, and cost savings through resource pooling and automation. Service providers are investing in vEPC solutions to enhance network performance, improve customer experience, and meet the growing demands of IoT, 5G, and other data-intensive applications.
North America is forecasted to hold the largest market size by region in 2024
The Virtualized Evolved Packet Core (vEPC) market signifies a significant shift towards network virtualization in mobile communications. This business solution enables service providers to build agile and scalable networks, reducing operational costs and enhancing network performance. By deploying vEPC, companies can deliver superior quality of experience to their customers through advanced features like traffic steering, load balancing, and seamless roaming. This technology is a game-changer in the telecommunications industry, offering unparalleled flexibility and efficiency.
The Virtualized Evolved Packet Core (vEPC) Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
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.
Market Research Overview
The Virtualized Evolved Packet Core (vEPC) market is witnessing significant growth as Communications Service Providers (CSPs) and Internet Service Providers (ISPs) adopt Network Function Virtualization (NFV) infrastructure (NFVi) for their 4G and 5G networks. Telefónica Chile, AT&T, and other big telecom giants are leading the way, implementing cloud packet core solutions to enhance network performance and flexibility. The APAC region is a major contributor to the vEPC market, with SDN solutions enabling CSPs to optimize network resources and radio resources for broadband, wireless broadband, machine-to-machine (M2M) devices, and multimedia services like Voice over LTE (VoLTE), real-time data transmission for online gaming and video streaming, and bandwidth-intensive activities. Security concerns remain a challenge for MNOs in the vEPC market, but prominent companies like Polaris Networks, Telrad Networks, Tecore, Lemko, Xingtera, Parallel Wireless, Tech Mahindra, IPLook, Druid Software, Cumucore, Athonet, Mavenir, and Affirmed Networks are addressing these concerns with advanced NFV solutions and 5G infrastructure. The vEPC market is expected to grow exponentially as the telecommunications sector embraces the opportunities presented by 5G technology, IoT, and connected devices.
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