According to this latest publication from Meticulous Research®, the virtualized evolved packet core market is projected to reach $19.87 billion by 2031, at a CAGR of 19.3% from 2024 to 2031. The growth of the virtualized evolved packet core market is driven by the significant increase in mobile data traffic volumes and the rising demand for high-speed data services. However, the data security risks associated with virtualized evolved packet core infrastructure restrain the growth of this market. Furthermore, increasing investments in 5G technology, the rising adoption of cloud-native 5G core solutions, and the growing adoption of IoT technology are expected to generate growth opportunities for the players operating in this market. However, the reliability of virtualized evolved packet core (vEPC) solutions and misconceptions and a lack of knowledge regarding vEPC solutions are major challenges impacting market growth. Additionally, the integration of edge computing with virtualized evolved packet core technology is a prominent trend in the vEPC market.
