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The virtualized evolved packet core (vepc) market size is forecast to increase by USD 210.65 billion at a CAGR of 78.25% between 2023 and 2028.
The virtualized evolved packet core (vepc) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The solutions segment is estimated to witness significant growth during the forecast period.
The market encompasses a variety of software and hardware solutions offered by companies for deploying and managing vEPC networks. These solutions incorporate functionalities such as Mobility Management Entity (MME), Serving Gateway (SGW), Packet Data Network Gateway (PGW), and other network functions. The software components include virtualized instances of these elements, enabling control, management, and processing capabilities for handling subscriber traffic and services. In the telecommunications sector, network virtualization through vEPC is gaining traction due to the increasing demand for flexibility and network capacity. This is particularly relevant for 5G infrastructure and data-intensive applications like cloud computing, multimedia services, and Machine-to-Machine (M2M) devices.
Prominent companies like Xingtera, Polaris Networks, Druid Software, Cumucore, and Tech Mahindra are actively contributing to the vEPC market with their innovative solutions. These solutions cater to various industries, including telecommunications operators, service providers, ISPs, enterprises, and IoT sector players. The vEPC market is witnessing significant growth due to the integration of Virtualization Infrastructure (NFVI), SDN, and cloud packet core technologies. These advancements provide the necessary flexibility and network performance for handling bandwidth-intensive activities and real-time data transmission. Security concerns and the need for seamless integration with legacy infrastructure are key challenges in the vEPC market. companies like Parallel Wireless, Athonet, and Affirmed Networks are addressing these challenges by offering solutions that ensure secure network operations and seamless integration with existing infrastructure.
In the APAC region, the vEPC market is expected to grow significantly due to the increasing adoption of 5G technology and wireless broadband services. This growth is driven by the increasing number of connected devices and the demand for cloud-based services.
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The Solutions segment was valued at USD 1.27 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 35% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The vEPC market in North America is experiencing notable growth, driven by advanced telecommunications infrastructure and high mobile network penetration. Factors fueling this expansion include the increasing adoption of 4G and 5G networks, the growing demand for efficient mobile data management, and the necessity for network virtualization and flexibility. Major technology companies and telecommunication service providers, such as Xingtera, Polaris Networks, Druid Software, Cumucore, and Tech Mahindra, are key players in this market. They offer vEPC solutions to network operators, enabling them to enhance network performance, scalability, and agility. The vEPC market's growth is further propelled by the integration of IoT, cloud computing, and multimedia services, which generate significant data traffic.
Additionally, security concerns and the need for increased network capacity are driving the adoption of virtualization technologies like SDN and NFV infrastructure (NFVi). Companies like Parallel Wireless, Mavenir, and Affirmed Networks are also contributing to the market's growth by offering innovative solutions for cellular networks, VoLTE, and real-time data transmission. Overall, the vEPC market in North America is evolving to accommodate the demands of bandwidth-intensive activities, data-intensive applications, and the increasing number of connected devices.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The virtualized evolved packet core (vepc) market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the virtualized evolved packet core (vepc) market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, virtualized evolved packet core (vepc) market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Athonet Srl - The company specializes in the development and distribution of innovative sports products, catering to diverse consumer needs and preferences. Our offerings span various categories, including equipment, apparel, and nutrition, all designed to enhance athletic performance and promote an active lifestyle. Through rigorous research and development, we continually push the boundaries of sports technology to deliver cutting-edge solutions that meet the evolving demands of modern athletes. Our commitment to quality and customer satisfaction sets us apart in the industry.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is experiencing significant growth as network virtualization technologies continue to gain traction in the telecommunications sector. VEPC, a key component of Network Functions Virtualization (NFV) infrastructure (NFVI), enables the separation of control and user planes, allowing for increased flexibility and efficiency in managing voice and data traffic. The adoption of VEPC is driven by several factors, including the increasing demand for SDN solutions and the integration of IoT devices in various industries. The proliferation of 5G infrastructure and the shift towards cloud computing are also major catalysts for the market's expansion. Prominent companies in the telecommunications sector are investing heavily in VEPC technology to enhance network capacity and improve network performance.
Xingtera, Polaris Networks, Tecore, Druid Software, and Cumucore are some of the key players in the VEPC market. These companies offer innovative solutions to address the bandwidth-intensive activities and real-time data transmission requirements of various applications, including multimedia services, online gaming, and M2M devices. The VEPC market is particularly relevant to mobile networks, as it enables the virtualization of CSPS and VoLTE functions, thereby reducing the reliance on legacy infrastructure. Telecommunication operators and service providers are increasingly turning to VEPC to address the growing demand for cloud-based services and wireless broadband. The APAC region is expected to be a major contributor to the growth of the VEPC market, driven by the increasing adoption of 5G technology and the rising number of connected devices.
The flexibility offered by VEPC solutions is particularly attractive to ISPs and enterprises, as it enables them to optimize their network resources and improve network security. However, the adoption of VEPC is not without challenges. Security concerns related to data privacy and network security are major concerns for telecom operators and service providers. Ensuring the seamless integration of VEPC with existing network infrastructure and ensuring network performance during bandwidth-intensive activities are also key challenges. Despite these challenges, the VEPC market is expected to continue its growth trajectory, driven by the increasing demand for 5G networks, the proliferation of IoT devices, and the shift towards cloud-based services.
The market is expected to witness significant innovation in the coming years, with companies focusing on developing advanced VEPC solutions to address the evolving needs of the telecommunications sector. In summary, the market is experiencing significant growth, driven by the increasing adoption of network virtualization technologies and the integration of IoT devices in various industries. The market is expected to continue its growth trajectory, driven by the increasing demand for 5G networks, the proliferation of IoT devices, and the shift towards cloud-based services. The flexibility offered by VEPC solutions is particularly attractive to telecom operators and service providers, enabling them to optimize their network resources and improve network performance.
However, security concerns and the challenges of integrating VEPC with existing network infrastructure are major challenges that need to be addressed.
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Market Scope |
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Report Coverage |
Details |
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Page number |
183 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 78.25% |
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Market growth 2024-2028 |
USD 210652.2 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
63.63 |
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Key countries |
US, China, Germany, Japan, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this virtualized evolved packet core (vepc) market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Component
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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