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 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

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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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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

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