What is the global market size of Virtualized Evolved Packet Core Market?

Global Virtualized Evolved Packet Core Market size was valued at USD 5146.09 million in 2021 and is poised to grow from USD 6355.57 million in 2022 to USD 34509.97 million by 2030, growing at a CAGR of 23.55% in the forecast period (2023-2030).

Virtualized Evolved Packet Core Market Size, Share, Growth Analysis, By Offering (Solution, Services), By Solution (MME, HSS), By Services (Professional, Managed), By Application, By Network, End User, Deployment Mode, By Region - Industry Forecast 2025-2032

Report ID: SQSG50C2010 | Region: Global | Published Date: December, 2024
Pages: 211 | Tables: 171 | Figures: 79

Virtualized Evolved Packet Core Market Regional Insights

North America dominated the largest Global Virtualized Evolved Packet Core Market share in 2021. The market growth is attributed to the presence of various advanced technology for networking which boost the market growth.

Asia Pacific is fastest growing region during the forecast period. The increasing usage of technologies like cloud computing and IoT is the key factor behind the region’s rapid growth. In addition, it is anticipated that the region would expand quickly over the next few years due to the rapid spread of 5G in Asia Pacific. Growing subscriber base, favourable government policies and regulations, and demand for broadband services are expected to surge market growth.

Virtualized Evolved Packet Core Market Report Snapshots

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Global Virtualized Evolved Packet Core Market size was valued at USD 5.7 billion in 2022 and is poised to grow from USD 7.4 billion in 2023 to USD 38.3 billion by 2031, growing at a CAGR of 22.8% during the forecast period (2024-2031).

Global Virtualized Evolved Packet Core Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Cisco Systems, Inc. (United States) ', 'Nokia Corporation (Finland) ', 'Ericsson (Sweden) ', 'Huawei Technologies (China) ', 'ZTE Corporation (China) ', 'Samsung Electronics (South Korea) ', 'Mavenir (United States) ', 'NEC Corporation (Japan) ', 'Affirmed Networks (United States) ', 'Athonet (Italy) ', 'Ciena Corporation (United States) ', 'ENEA (Poland) ', 'Infinera Corporation (United States) ', 'Intel Corporation (United States) ', 'Juniper Networks (United States) ', 'NEC/Netcracker (Japan) ', 'Parallel Wireless (United States) ', 'Radisys (United States) ', 'Red Hat (United States) ', 'VMware (United States)'

Increasing Mobile Network Data Traffic

Growing demand for IoT and M2M services is the new trend in the market. Several mobile providers have installed vEPC in the IoT packet core network. NFV solutions for the IoT cellular network are also being prepared by vEPC solution providers. It is simple for the operator to provide superior connection for M2M devices and explore new services for customers by adopting the vEPC solution in IoT core networks.

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Virtualized Evolved Packet Core Market Size, Share, Growth Analysis, By Offering (Solution, Services), By Solution (MME, HSS), By Services (Professional, Managed), By Application, By Network, End User, Deployment Mode, By Region - Industry Forecast 2025-2032

Virtualized Evolved Packet Core Market Regional Insights

Virtualized Evolved Packet Core Market Report Snapshots

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