Dublin, March 17, 2022 (GLOBE NEWSWIRE) -- The "Virtualized Evolved Packet Core Market by Component (Solution, Services), Application (LTE and VoLTE, IoT and M2M, MPN and MVNO), Deployment Mode (On-premise, Cloud), End User (Telecom, Enterprises, and Others) - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The global virtualized evolved packet core market is expected to reach $17.05 billion by 2028, growing at a CAGR of 23.4% during the forecast period of 2021 to 2028.
The growth of this market is mainly attributed to the rapid growth in network infrastructure, the increasing need to reduce operational expenditure (OPEX) and capital expenditure (CAPEX), increasing demand for broadband services over mobile networks, and significant growth in the mobile data traffic volumes are the key factors driving the growth of the virtualized evolved packet core market.
Based on component, the services segment is expected to record the fastest growth over the forecast period.
The growth of this segment is mainly driven by the rising need to improve business processes, optimize the enterprise's network, and growing adoption of integrated networking services. Also, the wide adoption of vEPC services across telecom operators, resulting in the growing demand for consulting services, training & support services, and integration services expected to record the fastest growth over the forecast period.
Based on end user, in 2021, the telecom sector commanded the largest share of the virtualized evolved packet core market.
The increasing need to reduce operational expenditure (OPEX) and capital expenditure (CAPEX), increasing demand for broadband services over mobile networks, and rising demand for commercialization of 5G networks are the factors driving the growth of the telecom segment.
In 2021, North America commanded the largest share of the virtualized evolved packet core market.
However, the Asia-Pacific region is expected to witness rapid growth during the forecast period. The rapid growth of this region is mainly driven by the increasing adoption of advanced technologies across a wide range of industries in countries such as China, Japan, and India to counter the rising labor costs; supporting government initiatives across the region; and investments by major virtualized evolved packet core companies.
Key questions answered in the report
- Which are the high-growth market segments in terms of the component, application, deployment mode, end user, and countries?
- What is the historical market for virtualized evolved packet core across the globe?
- What are the market forecasts and estimates from the period of 2019-2028?
- What are the major drivers, restraints, and opportunities in the global virtualized evolved packet core market?
- Who are the major players in the global virtualized evolved packet core market, and what market share do they hold?
- Who are the major players in various countries and what share of the market do they hold?
- How is the competitive landscape?
- What are the recent developments in the global virtualized evolved packet core market?
- What are the different strategies adopted by the major players in the global virtualized evolved packet core market?
- What are the geographical trends and high growth countries?
- Who are the local emerging players in the global virtualized evolved packet core market and how do they compete with the other players?
The key players operating in the global virtualized evolved packet core market are
- ZTE Corporation (China)
- Cisco Systems Inc. (U.S.)
- Telefonaktiebolaget LM Ericsson SE (Sweden)
- Affirmed Networks Inc. (U.S.)
- Mavenir Systems Inc. (U.S.)
- Huawei Technologies Co. Ltd. (China)
- Samsung Electronics Co Ltd. (South Korea)
- Tecore Inc. (U.S.)
- Nokia Corporation (Finland)
- Parallel Wireless Inc. (U.S.)
- F5 Networks Inc. (U.S.)
- NEC Corporation (Japan)
- IPLOOK Technologies Co Ltd (China)
- Polaris Networks (U.S.)
- Athonet SRL (Italy)
- LEMKO Corporation (U.S.)
- Metaswitch Networks (U.K.)
- Intel Corporation (U.S.).
Market Dynamics
Drivers
- Significant Growth in Mobile Data Traffic Volumes
- Rising Demand for High-Speed Data Services
Restraints
- Data Security Risks Associated with Virtualized Evolved Packet Core Infrastructure
Opportunities
- Growing Investments in 5G Technology
- Rising Adoption of Cloud-Native 5G Core Solutions
- Mobile Network Operators' Increasing Contribution to the Growth of the IoT Market
Challenges
- Reliability of Virtualized Evolved Packet Core (vEPC) Solutions
- Misconceptions and a Lack of Knowledge Regarding vEPC Solutions
Trends
- Integration of Edge Computing with Virtualized Evolved Packet Core Technology
Case Studies
- Existing Case Studies
- Future Application Projects
The Virtualized Evolved Packet Core Ecosystem
- Components of the Virtualized Evolved Packet Core Ecosystem
SWOT Analysis
- Nokia Corporation (Finland)
- Samsung Electronics Co., Ltd. (South Korea)
- Telefonaktiebolaget Lm Ericsson Se (Sweden)
- Cisco Systems, Inc. (U.S.)
- Affirmed Networks, Inc. (U.S.)
Scope of the Report
Virtualized Evolved Packet Core Market, by Component
Solution
- Mobility Management Entity (MME)
- Home Subscriber Server (HSS)
- Serving Gateway (SGW)
- Packet Data Network Gateway (PDNGW)
- Policy and Changing Rule Function
Services
- Professional Services
- Consulting services
- System Integration Services
- Training and Support Services
- Managed Services
Virtualized Evolved Packet Core Market, by Application
- MPN and MVNO
- IoT and M2M
- LTE and VoLTE
Virtualized Evolved Packet Core Market, by Deployment Mode
- On-premise
- Cloud
Virtualized Evolved Packet Core Market, by End User
- Telecoms
- Enterprises
- Financial Services
- Travel & Consumers
- IT & Software
- Media & Entertainment
- Healthcare
- Other Enterprises
- Other End Users
Virtualized Evolved Packet Core Market, by Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherland
- Norway
- Sweden
- Rest of Europe
- Asia-Pacific
- China
- South Korea
- Japan
- India
- Malaysia
- Singapore
- Australia and New Zealand
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- The Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Rest of MEA
For more information about this report visit https://www.researchandmarkets.com/r/uhupyf
