Virtualized Evolved Packet Core Market Size, Share & Trends Analysis Report By Offerings (Solutions, Services), Deployment Mode (On-Premises, Cloud-based), By Network Type (LTE, 5G), By End-User), By Region, And By Segment Forecasts, 2023-2031.

The Virtualized Evolved Packet Core Market Size is valued at USD 7.04 Bn in 2022 and is predicted to reach USD 30.36 Bn by the year 2031 at a 17.8 % CAGR during the forecast period for 2023-2031.

The term Virtualized Evolved Packet Core (vEPC) is a network architecture used in telecommunications, particularly in the realm of mobile networks. It's a virtualized and software-based version of the Evolved Packet Core (EPC), which is a critical component of LTE (Long-Term Evolution) and 5G networks. vEPC replaces traditional hardware-based EPC elements with software running on virtual machines (VMs) or cloud infrastructure. The portions of the network's core that were previously managed by dedicated hardware are now managed by software on economical commercial off-the-shelf (COTS) servers.

The building of a voice and data 4G (Long Term Evolution [LTE]) network can be virtualized with the help of a system called virtualized Evolved Packet Core (VEPC) solutions. The vEPC industry is expanding quickly as a result of the sharp rise in mobile long-term evolution (LTE) users worldwide. Businesses are implementing vEPC, which is anticipated to spur the market for vPEC to expand in the years to come. 

The development of 5G infrastructure drives the market for the virtualized evolving packet core. Numerous new technological developments have occurred, including 5G, in the telecommunications sector. The IoT and M2M services market is anticipated to increase significantly throughout the projected period. Several mobile suppliers have installed vEPC in the IoT packet core network. VEPC solution providers are also preparing NFV solutions for the IoT cellular network. It is simple for the operator to provide superior connections for M2M devices & explore new services for customers by accepting the vEPC solution in IoT core networks. 

Competitive Landscape

Some major key players in the Virtualized Evolved Packet Core Market:

• 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 Segmentation:

The Virtualized Evolved Packet Core market segmentation is By Offering, Deployment Mode, Network Type, End-User. As per the Offerings, it is divided into  Solutions and services. Solutions comprise Virtualized Packet Gateway, Virtualized Mobility Management Entity (vMME), Policy and Charging Rules Function (PCRF). Also, Services consist of Consulting and Advisory Services, System Integration and Deployment Services, and Maintenance and Support Services.

The second segment, Deployment Modes, is of two types: On-Premises and Cloud-based. By Network Type, the market is segmented into LTE and 5G. Whereas, by End-User, the market is divided into Telecommunication Service Providers (Mobile Network Operators (MNOs), Virtual Network Operators (VNOs)) and Enterprises (Manufacturing (Healthcare, Transportation and Logistics).

Based On Component, The Services Segment Is Accounted As A Major Contributor In The Virtualized Evolved Packet Core Market. 

During the forecast period, a greater CAGR is envisaged for the Services section. Services play a significant role in the adoption and integration of next-generation networking solutions in an organization's operational environment. Because they primarily focus on optimizing business operations and improving the organisation's network, services are seen as a significant component of the VEPC industry. Because they are essential to meeting the clients' needs, services, including network testing, planning, optimization, support, and advising, are regarded as the heart of VEPC.

The Telecom Operators Segment Witnessed Growth At A Rapid Rate.

The Telecom Operators are anticipated to hold the biggest market share during the projection period. Telecom operators in many countries have already started using virtualized evolved packet core solutions. The South Korean carrier SK Telecom has successfully implemented a virtualized evolving packet core system. Telecom companies in North America and Asia Pacific have also applied the technology to boost network effectiveness. 

In The Region, The North America Virtualized Evolved Packet Core Market Holds A Significant Revenue Share.

Because there are numerous large telecom giants in the region, vEPC solution providers are anticipated to have a major market share. The machine-to-machine (M2M), Internet of Things (IoT), and wireless broadband networks are all being used by mobile providers. 2018 will see the US government's planned rollout of the CBRS (Citizens Broadband Radio Service) band for private operators and businesses, which will serve as a stimulus for the expansion of vEPC solutions in the enterprise market.

The market expansion in this region is due to the rising demand for VoLTE and the rising use of multimedia services. The market in the area is experiencing accelerated expansion as a result of the existence of cutting-edge telecom network infrastructure and rising 4G technology adoption.

Virtualized Evolved Packet Core Market Report Scope

Segmentation of Virtualized Evolved Packet Core Market-

Virtualized Evolved Packet Core Market By Offerings-

• Solutions
  • Virtualized Packet Gateway
  • Virtualized Mobility Management Entity (vMME)
  • Policy and Charging Rules Function (PCRF)
• Services
  • Consulting and Advisory Services
  • System Integration and Deployment Services
  • Maintenance and Support Services

Virtualized Evolved Packet Core Market By Deployment Mode

• On-Premises
• Cloud-based

Virtualized Evolved Packet Core Market By Network Type-

• LTE
• 5G

Virtualized Evolved Packet Core Market By End-User-

• Telecommunication Service Providers
  • Mobile Network Operators (MNOs)
  • Virtual Network Operators (VNOs)
• Enterprises
  • Manufacturing
  • Healthcare
  • Transportation and Logistics

Virtualized Evolved Packet Core Market By Region-

North America-

• The US
• Canada
• Mexico

Europe-

• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-

• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific

Latin America-

• Brazil
• Argentina
• Rest of Latin America

 Middle East & Africa-

• GCC Countries
• South Africa
• Rest of Middle East and Africa