According to a recent report by Meticulous Research®, the virtualized evolved packet core (vEPC) market is expected to reach $19.87 billion by 2031, growing at a CAGR of 19.3% from 2024 to 2031. This growth is fueled by rising mobile data traffic and increasing demand for high-speed data services, along with investments in 5G technology and the adoption of cloud-native 5G core and IoT solutions. However, data security risks associated with vEPC infrastructure and challenges related to the reliability and understanding of vEPC solutions may limit market expansion. The market is segmented by component, application, deployment mode, end user, and geography, with solutions expected to hold the largest market share in 2024 due to benefits like reduced OPEX and CAPEX, agility, scalability, and low-latency capabilities. Services are projected to grow at a higher CAGR, driven by demand for consulting, development, and maintenance solutions. Collaborations, such as T-Mobile USA’s partnership with Cisco to enhance 5G and 4G core networks, underscore the industry’s push to improve network performance and scalability.
