Global Virtualized Evolved Packet Core Market

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 Dynamics

Virtualized Evolved Packet Core Market Driver

  • Increasing Mobile Network Data Traffic

Currently, 68% of all mobile data traffic consists of video. Both the rising average data usage per subscription and the rising subscription rate for smartphones are to blame for the increase in traffic. India, which continues to have the highest monthly smartphone usage at 15.9GB, is one of the nations where traffic growth has been on the upswing.

Virtualized Evolved Packet Core Market Restraint

  • Rising Security Concerns

The existing legacy networks (2G, 3G, and 3.5G) and internet service networks are connected to the 4G/LTE network, as well as vertical industrial networks for things like cars, factories, and loT devices. It will build a network link structure centred on the 4G/LTE networks out of intricate heterogeneous networks. Due to the intricacy of these networks, weak links may form between networks and devices that have varying levels of security technology and security needs. The ability to weaken 4G/LTE security is restrains the market growth.

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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.

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.

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Global Virtualized Evolved Packet Core Market

Report ID: SQSG50C2010

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