Dublin, Nov. 24, 2023 (GLOBE NEWSWIRE) -- The "United States Virtualized Evolved Packet Core Market, Competition, Forecast and Opportunities, 2018-2028" report has been added to ResearchAndMarkets.com's offering.
United States virtualized evolved packet core market was valued at USD 786.37 million and is anticipated to project robust growth in the forecast period with a CAGR of 20.48% to 2028
The United States virtualized evolved packet core (vEPC) market is undergoing a profound transformation, reshaping the telecommunications landscape as we know it.
vEPC technology represents a paradigm shift from traditional, hardware-based evolved packet core infrastructure to a virtualized, software-driven approach. This shift has been fueled by the relentless demand for faster, more reliable connectivity, and it has allowed telecom companies in the U.S. to adapt to the rapidly evolving digital landscape.
One of the key driving forces behind the expansion of the vEPC market in the United States is the insatiable thirst for connectivity. With the proliferation of smartphones, IoT devices, and emerging technologies like autonomous vehicles and augmented reality, the demand for high-capacity, low-latency networks have reached unprecedented levels.
vEPC technology enables service providers to dynamically allocate network resources and optimize traffic routing, ensuring that users enjoy a seamless and responsive online experience. This capability has become essential not just for consumer-oriented services but also for industries like healthcare, manufacturing, and transportation, where real-time data processing and communication are critical for operational success.
Furthermore, the United States vEPC market is at the forefront of the global race to deploy 5G networks. The promise of 5G, with its ultra-fast speeds and low latency, relies heavily on virtualized infrastructure like vEPC. This technology can efficiently manage the complex traffic patterns and diverse use cases that 5G networks are designed to support.
Consequently, telecom giants, innovative startups, and infrastructure vendors are all vying for a piece of this highly competitive market, driving rapid technological advancements, and fueling substantial investments. Another notable trend in the U.S. vEPC market is the increasing emphasis on network automation and orchestration.
Managing modern networks, with their complexity and scale, has become a herculean task. Automation tools, powered by artificial intelligence and machine learning, are essential for optimizing network performance, reducing operational costs, and proactively addressing potential issues. They enable service providers to offer highly customizable services tailored to the unique needs of different industries and enterprises, making network management more efficient and responsive than ever before.
In addition to these technological advancements, security and data privacy have become paramount concerns in the United States vEPC market. As network functions become more virtualized and distributed, the attack surface for cyber threats expands exponentially. Service providers are making substantial investments in advanced security solutions that can protect not only the network infrastructure but also the sensitive data traversing it.
Compliance with stringent regulations such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) is a top priority. Data breaches can have severe legal and financial consequences, making robust security measures an absolute necessity.
Moreover, the United States vEPC market is experiencing a wave of consolidation and strategic partnerships. As the industry evolves, telecom companies are seeking to enhance their capabilities by merging with or acquiring complementary companies. These strategic moves aim to bolster their portfolio of services, expand their geographic reach, and stay ahead in the fiercely competitive market. Such alliances often lead to innovative solutions and more robust offerings for customers.
The future of the U.S. vEPC market is undoubtedly promising. With 5G deployment continuing apace, the potential for innovative applications and services is virtually limitless. Industries such as healthcare are set to benefit from the low latency and high bandwidth of 5G networks, enabling remote surgeries and real-time patient monitoring.
The manufacturing sector can harness the power of 5G for smart factories, while augmented reality and virtual reality applications will take a giant leap forward. These advancements will not only improve the quality of life for consumers but also drive economic growth and competitiveness on a national scale.
In conclusion, the United States vEPC market is during a transformative period. The convergence of 5G technology, network automation, stringent security measures, and strategic partnerships is reshaping the industry landscape. As service providers continue to deploy virtualized EPC solutions, consumers and businesses can expect to reap the benefits of enhanced network performance, innovative services, and a more responsive digital experience. The competitive spirit in the market is driving progress at an unprecedented pace, and the U.S. vEPC market is poised to play a pivotal role in shaping the future of telecommunications in the country and beyond.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 72 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $786.37 Million |
| Forecasted Market Value (USD) by 2028 | $2525.26 Million |
| Compound Annual Growth Rate | 20.4% |
| Regions Covered | United States |
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the United States Virtualized Evolved Packet Core Market.
- Cisco Systems, Inc.
- Ericsson, Inc.
- Huawei Technologies USA Inc.
- Nokia Corporation
- Affirmed Networks, Inc.
- Mavenir Systems, Inc.
- Red Hat, Inc.
- Samsung Electronics America, Inc.
- NEC Corporation of America
- Dell Technologies Inc.
Report Scope:
United States Virtualized Evolved Packet Core Market, By Component Type:
- Solution
- MME
- HSS
- S-GW
- PDN-GW
- Service
- Professional Services
- Managed Service
- Consulting
- Integration & Development
- Training & Support
United States Virtualized Evolved Packet Core Market, By Deployment Mode:
- Cloud
- On-Premises
United States Virtualized Evolved Packet Core Market, By End User:
- Telecom Operator
- Enterprises
United States Virtualized Evolved Packet Core Market, By Region:
- Northeast United States
- Southwest United States
- West United States
- Southeast United States
- Midwest United States
For more information about this report visit https://www.researchandmarkets.com/r/6i0mke
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