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.

Report ID : 2015 | Published : 2023-09-12 | Pages: 180 | Format: PDF/EXCEL

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.

Virtualized Evolved Packet Core Market

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

Report Attribute

Specifications

Market size value in 2022

USD 7.04 Bn

Revenue forecast in 2031

USD 30.36 Bn

Growth rate CAGR

CAGR of 17.8 % from 2023 to 2031

Quantitative units

Representation of revenue in US$ Bn and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year

2023-2031

Report coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments covered

By Offering, Deployment Mode, Network Type, End-User

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia

Competitive Landscape

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.), and Intel Corporation (U.S.).

Customization scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

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Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary

Chapter 3. Global Virtualized Evolved Packet Core Market Snapshot

Chapter 4. Global Virtualized Evolved Packet Core Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis of Metaverse Industry
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. COVID-19 Impact on Metaverse Industry

Chapter 5. Market Segmentation 1: By Offerings Estimates & Trend Analysis
5.1. By Offerings & Market Share, 2019-2031
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2031 for the following By Offerings :
5.2.1. Solutions
5.2.1.1. Virtualized Packet Gateway
5.2.1.2. Virtualized Mobility Management Entity (vMME)
5.2.1.3. Policy and Charging Rules Function (PCRF)
5.2.2. Services
5.2.2.1. Consulting and Advisory Services
5.2.2.2. System Integration and Deployment Services
5.2.2.3. Maintenance and Support Services

Chapter 6. Market Segmentation 2: By Deployment Mode Estimates & Trend Analysis
6.1. By Offerings & Market Share, 2019-2031
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2031 for the following By Deployment Mode:
6.2.1. On-Premises
6.2.2. Cloud-based

Chapter 7. Market Segmentation 3: By Network Type Estimates & Trend Analysis
7.1. By Offerings & Market Share, 2019-2031
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2031 for the following By Network Type:
7.2.1.1. LTE
7.2.1.2. 5G

Chapter 8. Market Segmentation 4: By End Use Estimates & Trend Analysis

8.1. By Offerings & Market Share, 2019-2031
8.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2031 for the following By End Use:
8.2.1.1. Telecommunication Service Providers
8.2.1.2. Mobile Network Operators (MNOs)
8.2.1.3. Virtual Network Operators (VNOs)
8.2.1.4. Enterprises
8.2.1.5. Manufacturing
8.2.1.6. Healthcare
8.2.1.7. Transportation and Logistics

Chapter 9. Virtualized Evolved Packet Core Market Segmentation 5: Regional Estimates & Trend Analysis

9.1. North America

9.1.1. North America Virtualized Evolved Packet Core Market revenue (US$ Million) estimates and forecasts By Offerings, 2023-2031
9.1.2. North America Virtualized Evolved Packet Core Market revenue (US$ Million) estimates and forecasts By Deployment Mode, 2023-2031
9.1.3. North America Virtualized Evolved Packet Core Market revenue (US$ Million) estimates and forecasts By Network Type, 2023-2031
9.1.4. North America Virtualized Evolved Packet Core Market revenue (US$ Million) estimates and forecasts By, End Use2023-2031
9.1.5. North America Virtualized Evolved Packet Core Market revenue (US$ Million) estimates and forecasts by country, 2023-2031
9.1.5.1. U.S.
9.1.5.2. Canada

9.2. Europe

9.2.1. Europe Virtualized Evolved Packet Core Market revenue (US$ Million) By Offerings, 2023-2031
9.2.2. Europe Virtualized Evolved Packet Core Market revenue (US$ Million) estimates and forecasts By Deployment Mode, 2023-2031
9.2.3. Europe Virtualized Evolved Packet Core Market revenue (US$ Million) estimates and forecasts By Network Type 2023-2031
9.2.4. Europe Virtualized Evolved Packet Core Market revenue (US$ Million) estimates and forecasts By End Use,2023-2031
9.2.5. Europe Virtualized Evolved Packet Core Market revenue (US$ Million) by country, 2023-2031
9.2.5.1. Germany
9.2.5.2. Poland
9.2.5.3. France
9.2.5.4. Italy
9.2.5.5. Spain
9.2.5.6. UK
9.2.5.7. Rest of Europe

9.3. Asia Pacific

9.3.1. Asia Pacific Virtualized Evolved Packet Core Market revenue (US$ Million) By Offerings, 2023-2031
9.3.2. Asia Pacific Virtualized Evolved Packet Core Market revenue (US$ Million) estimates and forecasts By Deployment Mode, 2023-2031
9.3.3. Asia Pacific Virtualized Evolved Packet Core Market revenue (US$ Million) estimates and forecasts By Network Type, 2023-2031
9.3.4. Asia Pacific Virtualized Evolved Packet Core Market revenue (US$ Million) estimates and forecasts By End Use, 2023-20
9.3.5. Asia Pacific Virtualized Evolved Packet Core Market revenue (US$ Million) by country, 2023-2031
9.3.5.1. China
9.3.5.2. India
9.3.5.3. Japan
9.3.5.4. Australia
9.3.5.5. Rest of Asia Pacific

9.4. Latin America

9.4.1. Latin America Virtualized Evolved Packet Core Market revenue (US$ Million) By Offerings, 2023-2031
9.4.2. Latin America Virtualized Evolved Packet Core Market revenue (US$ Million) estimates and forecasts By Deployment Mode, 2023-2031
9.4.3. Latin America Virtualized Evolved Packet Core Market revenue (US$ Million) estimates and forecasts By Network Type, 2023-2031
9.4.4. Latin America Virtualized Evolved Packet Core Market revenue (US$ Million) estimates and forecasts By End Use, 2023-2031
9.4.5. Latin America Virtualized Evolved Packet Core Market revenue (US$ Million) by country, (US$ Million) 2023-2031
9.4.5.1. Brazil
9.4.5.2. Rest of Latin America


9.5. Middle East & Africa
9.5.1. Middle East & Africa Virtualized Evolved Packet Core Market revenue (US$ Million) By Offerings, (US$ Million)
9.5.2. Middle East & Africa Virtualized Evolved Packet Core Market revenue (US$ Million) estimates and forecasts By Deployment Mode, 2023-2031
9.5.3. Middle East & Africa Virtualized Evolved Packet Core Market revenue (US$ Million) estimates and forecasts By Network Type, 2023-2031
9.5.4. Middle East & Africa Virtualized Evolved Packet Core Market revenue (US$ Million) estimates and forecasts By End Use, 2023-2031
9.5.5. Middle East & Africa Virtualized Evolved Packet Core Market revenue (US$ Million) by country, (US$ Million) 2023-2031
9.5.5.1. South Africa
9.5.5.2. GCC Countries
9.5.5.3. Rest of MEA

Chapter 10. Competitive Landscape

10.1. Major Mergers and Acquisitions/Strategic Alliances
10.2. Company Profiles

10.2.1. ZTE Corporation (China)
10.2.2. Cisco Systems Inc. (U.S.)
10.2.3. Telefonaktiebolaget LM Ericsson SE (Sweden)
10.2.4. Affirmed Networks Inc. (U.S.)
10.2.5. Mavenir Systems Inc. (U.S.)
10.2.6. Huawei Technologies Co. Ltd. (China)
10.2.7. Samsung Electronics Co. Ltd. (South Korea)
10.2.8. Tecore Inc. (U.S.)
10.2.9. Nokia Corporation (Finland)
10.2.10. Parallel Wireless Inc. (U.S.)
10.2.11. F5 Networks Inc. (U.S.)
10.2.12. NEC Corporation (Japan)
10.2.13. IPLOOK Technologies Co Ltd (China)
10.2.14. Polaris Networks (U.S.)
10.2.15. Athonet SRL (Italy)
10.2.16. LEMKO Corporation (U.S.)
10.2.17. Metaswitch Networks (U.K.)
10.2.18. Intel Corporation (U.S.)

Segmentation of Virtualized Evolved Packet Core Market-

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

 

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Virtualized Evolved Packet Core Market Size?

The Virtualized Evolved Packet Core Market Size is expected to grow at a 17.8 % CAGR during the forecast period for 2023-2031.

ZTE Corporation (China), Cisco Systems, Inc. (U.S.), Telefonaktiebolaget LM Ericsson SE (Sweden), Affirmed Networks, Inc. (U.S.), Mavenir Systems, Inc

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