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 Components(Solutions, services), By Application(LTE, VoLTE, IoT, M2M), By Deployment Mode(On premises, cloud), By End Users(Telecom, enterprises), By Service(Professional services, Consulting, Integration and deployment, training and support), By Network(5-G and 4-G), By Region - Industry Forecast 2024-2031

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

Virtualized Evolved Packet Core Market News

In September 2022, Deutsche Telekom (DT) and Mavenir announced the successful delivery and deployment of Mavenir’s cloud-native 5G core for Deutsche Telekom in Germany.
In September 2022, Qualcomm Technologies announced that it has begun sampling the Qualcomm X100 5G RAN Accelerator Card and Qualcomm QRU100 5G RAN Platform to global customers and partners for verification and integration in 5G mobile infrastructure solutions.
In June 2022, Ericsson and Red Hat collaborated for validation of network functions and platforms to enable service providers to bring their next generation services to market faster in a multi-vendor scenario.

Virtualized Evolved Packet Core Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Virtualized Evolved Packet Core Market size was valued at USD 5146.09 million in 2019 and is poised to grow from USD 6355.57 million in 2023 to USD 34509.97 million by 2031, growing at a CAGR of 23.55% in 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.', 'Nokia Corporation', 'Ericsson', 'Huawei Technologies', 'ZTE Corporation', 'Samsung Electronics', 'Mavenir', 'NEC Corporation', 'Affirmed Networks', 'Athonet', 'Ciena Corporation', 'ENEA', 'Infinera Corporation', 'Intel Corporation', 'Juniper Networks', 'NEC/Netcracker', 'Parallel Wireless', 'Radisys', 'Red Hat', 'VMware'

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.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Virtualized Evolved Packet Core Market News

Virtualized Evolved Packet Core Market Report Snapshots

Want to customize this report?

FAQs

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

Who are the key vendors in the Virtualized Evolved Packet Core Market?

What is the key driver of Virtualized Evolved Packet Core Market?

What is the key market trend for Virtualized Evolved Packet Core Market?

Which region accounted for the largest share in Virtualized Evolved Packet Core Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300