USD 5146.09 million
Global Virtualized Evolved Packet Core Market Size, Share, Growth Analysis, By Components(Solutions, services), By Application(LTE, VoLTE), By Deployment Mode(On premises, cloud), By End Users(Telecom, enterprises), By Service(Professional services, Consulting), By Network(5-G and 4-G) - Industry Forecast 2024-2031
Report ID:
SQSG50C2010 |
Region:
Global |
Published Date: February, 2024
Pages:
211
|
Tables:
171 |
Figures:
79
Global Virtualized Evolved Packet Core Market Insights
Global Virtualized Evolved Packet Core Market size was valued at USD 5146.09 million in 2019 and is poised to grow from USD 6355.57 million in 2023 to USD 34509.97 million by 2031, growing at a CAGR of 23.55% in the forecast period (2024-2031).
Due to its cloud native and service based architecture, the Global Virtualized Evolved Packet Core Market is expanding. Additionally, the virtualized evolving packet core market plays a significant role for telcos due to its vast range of features and functionalities. In accordance with the shifting requirements of the network infrastructure, the virtualized evolving packet core market solution effectively satisfies the needs and aspirations of telecom operators.
To manage the increasing amount of mobile data traffic, virtualized evolving packet core solutions are now required. The efficient management of mobile data traffic by a virtualized evolving packet core increases throughput, reduces network congestion problems, optimises resource consumption, and improves service quality. One of the key factors driving the adoption of the virtualized evolving packet core market is the advancement of cellular network technology, which offers faster data speeds and lower latency.
US Virtualized Evolved Packet Core Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Solution
Fastest Growth
service
Growth Rate
23.55% CAGR
Global Virtualized Evolved Packet Core Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Virtualized Evolved Packet Core Market Size By component type , 2021-2028 ($ Bn)
Global Virtualized Evolved Packet Core Market Size By component type, 2021-2028 (%)
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Global Virtualized Evolved Packet Core Market Segmental Analysis
Global Virtualized Evolved Packet Core Market is segmented based on the Component, Application, Deployment Mode, End Users and region. Based on the component, the Virtualized Evolved Packet Core Market is segmented into solution and services. Based on services, the Virtualized Evolved Packet Core Market is segmented into Professional services, Consulting, Integration and deployment, training and support, and managed services. Based on Network, the Virtualized Evolved Packet Core Market is segmented into 4-G network and 5-G network. Based on the application, the Virtualized Evolved Packet Core Market has been segmented into LTE and VoLTE, IoT and M2M, MPN and MVNO. Based on the deployment mode, the Virtualized Evolved Packet Core Market has been segmented into On premises and cloud. Based on end users, the Virtualized Evolved Packet Core Market is segmented as telecom and enterprises. Based on Region, Virtualized Evolved Packet Core Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Virtualized Evolved Packet Core Market Analysis by Components
Based on component, the solution segment dominated the market and accounted for the largest share of the Global Virtualized Evolved Packet Core Market share in 2021. The factors propelling the growth of this market segment include the growing requirement to lower OPEX and CAPEX, increasing mobile data traffic volume, and rising demand for high-speed and extensive network coverage. The usability, importance, and simplicity of virtualized evolving packet core solutions all contribute to the market expansion. Due to the advantages these solutions bring, a number of suppliers are investing in R&D to improve and lower the cost of the solutions so that even small and medium-sized businesses may use them.
The services segment is fastest growing segment throughout the forecast period. The increasing use of wireless mobile and network has increased the demand for these service driving Global Virtualized Evolved Packet Core Market growth. The changing trends in technologies have surged the need for the services segment by the end users.
Virtualized Evolved Packet Core Market Analysis by Deployment Mode
The cloud based category dominated the market in 2021 and anticipated to expand at the fastest CAGR throughout the forecast period. The use of cloud computing is becoming more and more common among small and medium-sized businesses. Many businesses are gradually implementing cloud infrastructure, which is anticipated to expand in the upcoming years. The advantages of cloud infrastructure, such as its simplicity of adoption, low need for internal infrastructure, scalability, and simplicity of networking solution installation, encourage the faster expansion of the market.
Global Virtualized Evolved Packet Core Market By component type, 2021 (%), 2023 (%)
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Global Virtualized Evolved Packet Core Market Regional Insights
North America dominated the largest Global Virtualized Evolved Packet Core Market share in 2021. The market growth is attributed to the presence of various advanced technology for networking which boost the market growth.
Asia Pacific is fastest growing region during the forecast period. The increasing usage of technologies like cloud computing and IoT is the key factor behind the region’s rapid growth. In addition, it is anticipated that the region would expand quickly over the next few years due to the rapid spread of 5G in Asia Pacific. Growing subscriber base, favourable government policies and regulations, and demand for broadband services are expected to surge market growth.
Global Virtualized Evolved Packet Core Market By Geography, 2021-2028, 2024-2031
- Largest
- Fastest
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Global Virtualized Evolved Packet Core Market Dynamics
Virtualized Evolved Packet Core Market Driver
- Increasing Mobile Network Data Traffic
Currently, 68% of all mobile data traffic consists of video. Both the rising average data usage per subscription and the rising subscription rate for smartphones are to blame for the increase in traffic. India, which continues to have the highest monthly smartphone usage at 15.9GB, is one of the nations where traffic growth has been on the upswing.
Virtualized Evolved Packet Core Market Restraint
- Rising Security Concerns
The existing legacy networks (2G, 3G, and 3.5G) and internet service networks are connected to the 4G/LTE network, as well as vertical industrial networks for things like cars, factories, and loT devices. It will build a network link structure centred on the 4G/LTE networks out of intricate heterogeneous networks. Due to the intricacy of these networks, weak links may form between networks and devices that have varying levels of security technology and security needs. The ability to weaken 4G/LTE security is restrains the market growth.
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Global Virtualized Evolved Packet Core Market Competitive Landscape
Global Virtualized Evolved Packet Core Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Virtualized Evolved Packet Core Market Top Player's Company Profiles
- Cisco Systems, Inc.
- Nokia Corporation
- Ericsson
- Huawei Technologies
- ZTE Corporation
- Samsung Electronics
- Mavenir
- NEC Corporation
- Affirmed Networks
- Athonet
- Ciena Corporation
- ENEA
- Infinera Corporation
- Intel Corporation
- Juniper Networks
- NEC/Netcracker
- Parallel Wireless
- Radisys
- Red Hat
- VMware
Virtualized Evolved Packet Core Market Recent Developments
- In September 2022, Deutsche Telekom (DT) and Mavenir announced the successful delivery and deployment of Mavenir’s cloud-native 5G core for Deutsche Telekom in Germany.
- In September 2022, Qualcomm Technologies announced that it has begun sampling the Qualcomm X100 5G RAN Accelerator Card and Qualcomm QRU100 5G RAN Platform to global customers and partners for verification and integration in 5G mobile infrastructure solutions.
- In June 2022, Ericsson and Red Hat collaborated for validation of network functions and platforms to enable service providers to bring their next generation services to market faster in a multi-vendor scenario.
Global Virtualized Evolved Packet Core Key Market Trends
- Growing demand for IoT and M2M services is the new trend in the market. Several mobile providers have installed vEPC in the IoT packet core network. NFV solutions for the IoT cellular network are also being prepared by vEPC solution providers. It is simple for the operator to provide superior connection for M2M devices and explore new services for customers by adopting the vEPC solution in IoT core networks.
Global Virtualized Evolved Packet Core Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Virtualized Evolved Packet Core Market analysis, North America dominated the market and capture higher market share. The growth of the region is attributed to the advanced technology available to solve various network problem. US has emerged as a significant contributor to market growth in North America region. In terms of deployment mode, the cloud mode segment is dominates the market. This segment's leading position can be attributed to its use in small and medium-sized businesses. In terms of components, the solution segment led the market and is predicted to grow at the fastest rate.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 5146.09 million |
| Market size value in 2031 | USD 34509.97 million |
| Growth Rate | 23.55% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Virtualized Evolved Packet Core Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Virtualized Evolved Packet Core Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Virtualized Evolved Packet Core Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Virtualized Evolved Packet Core Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Virtualized Evolved Packet Core Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Virtualized Evolved Packet Core Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Virtualized Evolved Packet Core Market Report Snapshots
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