Virtualized Evolved Packet Core Market:
Growth opportunities in the Virtualized Evolved Packet Core Market look promising over the next six years. This is mainly due to the growing awareness related to the various advantages, including network cost reduction and better network architecture adaptability.
Virtualized Evolved Packet Core Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The crucial driver responsible for the stimulation of the global virtualized evolved packet core market is the augmenting mobile network data traffic throughout the world. In accordance with the report published by Ericsson Mobility, the comprehensive mobile data traffic is expected to reach approximately 51 Exabytes per month by the end of 2020 and is forecasted to touch 226EB per month by 2026. The video traffic at present gauges for nearly 66% of total mobile data traffic. Also, the widespread outbreak of the coronavirus pandemic has transformed the traffic patterns owing to the temporary lockdown and restraints on movement. For example, in India, the average monthly mobile data usage per smartphone experienced a massive growth owing to the accelerating penetration of 4G, especially across the people working from work. Furthermore, the amplifying consciousness associated with several beneficial features offered by them, including improved and quick delivery services, enhanced network architecture flexibility, cost reduction, and raised automation. The mounting number of devices, applications, and users will further strengthen the market size. However, the escalation apprehension concerned with safety and security will hamper the virtualized evolved packet core market size.
Network Type Segment Drivers
Based on the network type, 5G services are projected to witness a higher CAGR during the forecast period. This is primarily because of the cloud-native next-generation virtualized core network architecture in which operators are constrained by legacy vendor architectures that are constant for 25 years. The new 3G NSA architectures support a software-centric approach and encourage more automation and service versatility.
Regional Drivers
Based on the regional coverage, Asia-Pacific is predicted to lead the market during the forecast period. This is mainly attributed to the increasing endorsement of sophisticated technologies in various industry verticals. In addition to this, the ongoing extension in the infrastructural development in Asian countries, which include South Korea, Singapore, China, and India, is supplementing the market growth. There has been an escalation in the utilization of 4G and 5G networks which is bringing enormous growth opportunities for the market.
Virtualized Evolved Packet Core Market’s leading Manufacturers:
- Telefonaktiebolaget LM Ericsson
- Nokia
- CISCO
- Mavenir
- Cumucore
- Huawei Technologies Co., Ltd.
- ZTE
- Affirmed Networks
- SAMSUNG
- Athonet srl
Virtualized Evolved Packet Core Market Segmentation:
Segmentation by Component
- Solutions
- Services
Segmentation by Deployment Mode
- On-Premises
- Cloud
Segmentation by Network Type
- 4G Network
- 5G Network
Segmentation by End User
- Telecom Operators
- Enterprises
- Segmentation by Application
- LTE, VOLTE, and VOWi-Fi
- Broadband wireless access
- IOT and M2M
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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