Virtualized Evolved Packet Core Market

The Virtualized Evolved Packet Core Market was valued around USD 3,700 million in 2020 and is expected to grow at a CAGR of 22.8% over the forecast period (2021-2028).

The factors driving the growth of Virtualized Evolved Packet Core Market includes rise in mobile data traffic around the world, increasing penetration of smartphones, commercialization of 5G technology and growing demand for broadband services over mobile networks. Moreover, rising awareness about the benefits of virtual evolved packet core solutions, strategic partnerships between key industry leaders and developments in Machine-to-Machine (M2M) communication networks, are some of the additional factors supplementing the market growth. In addition, the increasing investments by leading players on research and development, rise in the number of smart cities and smart factories, rapid urbanization, and growing population growth rates, are further contributing towards the market growth.

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However, growth of the Virtualized Evolved Packet Core Market is hindered due to rising concerns related to security.

The prominent players operating in the market are Affirmed Networks, Mavenir, SAMSUNG, Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., Cumucore, Nokia, ZTE, CISCO and Athonet srl, among others.

Based on Network Type, the 5G Network segment is predicted to grow at a significant CAGR during the forecast period

On-going development in 5G infrastructure and transformation from existing network to automated, software-defined 5G network, are some of the factors responsible for the segment’s growth.

Based on Application, the LTE, VOLTE, and VOWi-Fi segment is projected to grow at a remarkable CAGR over the forecast period

VoLTE enables high-definition (HD) voice quality, enhances the battery life of device and alleviates indoor coverage problems, are some of the features pushing growth of the segment.

Based on Region, the North American region is anticipated to hold the highest market share during the forecast period

As per the Virtualized Evolved Packet Core Market Research, increasing Government’s expenditure on the development of 5G infrastructure, rapid digitalization, rising population growth rates, improved living standards and high per capita incomes, are some of the important factors augmenting the market growth in North American region.

Key Developments

• In 2020, Mavenir partnered with Hudson Valley Wireless to offer its cloud-native LTE vPEC to support Hudson’s recent project.

• In 2019, CISCO collaborated with Gogo, one of the leading broadband connectivity service providers to the aviation industry.

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

• Asia Pacific

  • China

  • Japan

  • India

  • Rest of APAC

• North America

  • United States of America

  • Canada

• Europe

  • United Kingdom

  • Germany

  • France

  • Spain

  • Rest of Europe

• RoW

  • Brazil

  • South Africa

  • Saudi Arabia

  • UAE

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