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Virtualized Evolved Packet Core Market Top Players – Affirmed Networks, Inc. (U.S.), Mavenir Systems, Inc. (U.S.), Huawei Technologies Co., Ltd. (China), Samsung Electronics Co, Ltd. (South Korea).

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Virtualized Evolved Packet Core Market Top Players – Affirmed Networks, Inc. (U.S.), Mavenir Systems, Inc. (U.S.), Huawei Technologies Co., Ltd. (China), Samsung Electronics Co, Ltd. (South Korea).

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Virtualized Evolved Packet Core Market– (By Offerings (Solutions(Virtualized Packet Gateway, Virtualized Mobility Management Entity (vMME), Policy and Charging Rules Function (PCRF)), Services (Consulting and Advisory Services, System Integration and Deployment Services, Maintenance and Support Services)), Deployment Mode (On-Premises, Cloud-based), By Network Type (LTE, 5G), By End-User (Telecommunication Service Providers, (Mobile Network Operators (MNOs), Virtual Network Operators (VNOs)), Enterprises (Manufacturing (Healthcare, Transportation and Logistics)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031.”

According to the latest research by InsightAce Analytic, the Global Virtualized Evolved Packet Core Market is valued at US$ 7.04 Bn in 2022, and it is expected to reach US$ 30.36 Bn by 2031, with a CAGR of 17.8% during a forecast period of 2023-2031.

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The concept of Network Function Virtualization (NFV) involves the virtualization of capabilities within an Evolved Packet Core (EPC). This approach facilitates the implementation of a framework, known as a Virtual Evolved Packet Core (vEPC), which is responsible for the processing and switching of speech and data in mobile networks. The vEPC framework has been applied in the context of 4G LTE mobile networks and is expected to have a substantial impact on the development of the forthcoming 5G network. Mobile operators have the potential to tailor networks to cater to the individual requirements of diverse clients by strategically combining various network components.

It supports wireless broadband, non-3GPP standards, 2G, 3G, and the 5G core network. It is a mobile-core network system that supports LTE access systems and is run on software-defined networking (SDN) and a carrier-grade virtualization platform.

 

The Virtualized Evolved Packet Core plays a critical role in the evolution of mobile networks, enabling greater flexibility, scalability, and cost-efficiency, which are essential for supporting the growing demands of mobile data traffic and emerging 5G services.

 

List of Prominent Players in the Virtualized Evolved Packet Core Market:

 

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Market Dynamics:

 

Drivers- 

The main drivers of the upsurge in mobile data traffic are the dynamic mix and the expanding number of wireless devices connecting to mobile networks worldwide. Due to the rising use of smartphones and the accessibility of low-cost, high-speed network connections, mobile data traffic is growing globally.

 

Challenges:

Nearly all global industries have been badly impacted by the COVID-19 pandemic’s advent. The supply chain for networking equipment and electrical components has also been impacted by lockdown enforcements in many nations and limits on the transit of non-essential products and resources. As a result, the supply of electronic components needed to make network equipment has been delayed. Due to the dangerous effects of the COVID-19 epidemic, South Korean electronics giant Samsung Electronics anticipates a slowdown in 5G expenditures in the second quarter of the year.

 

Regional Trends:

The North America Virtualized Evolved Packet Core market is expected to record a major market share due to the existence of large telecom companies. Mobile operators use their networks, including wireless broadband, machine-to-machine (M2M), & the Internet of Things (IoT). The U.S. government intends to make the Citizens Broadband Radio Service (CBRS) band available to commercial operators and businesses in 2018. This move will serve as a driver for the growth of vEPC solutions in the enterprise market. The market in this region is expanding as a result of the increasing demand for VoLTE and the rising use of multimedia services.

 

Recent Developments:

 

 

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Segmentation of Virtualized Evolved Packet Core Market-

By Offerings-

Deployment Mode

By Network Type-

By End-User-

By Region-

North America-

Europe-

Asia-Pacific-

Latin America-

 Middle East & Africa-

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About Us:

InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

 

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