Virtual Evolved Packet Core (vEPC) Market size was valued at USD 3.5 Billion in 2024 and is projected to reach USD 10.2 Billion by 2033, exhibiting a CAGR of 15.7% from 2026 to 2033.
The global Virtual Evolved Packet Core (vEPC) market was valued at approximately USD 4.2 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 23.7% from 2023 to 2030. The markets growth is driven by the increasing adoption of 4G LTE and 5G technologies, rising demand for efficient mobile network infrastructure, and the growing need for cost effective network management solutions. North America accounted for the largest share of the market in 2022, contributing nearly 35% of the total revenue, primarily due to the rapid deployment of 5G networks and the presence of key telecom operators in the region. The Asia Pacific region is expected to witness the highest CAGR during the forecast period, driven by the expansion of telecom services in countries like India and China, which are investing heavily in upgrading their network infrastructure for 5G capabilities.
In Europe, the market size was valued at USD 1.1 billion in 2022 and is expected to see steady growth owing to the ongoing deployment of 5G and advancements in mobile technology. The Middle East and Africa (MEA) region is also anticipated to experience substantial growth, driven by the increasing demand for mobile broadband services and smart city initiatives. Latin America’s vEPC market is expected to expand moderately during the forecast period due to the region’s gradual transition to LTE and 5G networks. Opportunities in the market lie in the development of next gen 5G technologies, the shift towards network virtualization, and the rising demand for scalable, flexible network solutions across various industries, including telecom, healthcare, and automotive.
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Affirmed Networks
Core Network Dynamics
Telrad Networks
Ericsson
Huawei Technologies
Mavenir
ExteNet Systems
Samsung
ZTE
Athonet
Cisco Systems
NEC
Nokia
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Virtual Evolved Packet Core (vEPC) Market
On-Premises
Cloud-Based
Hybrid
Telecommunications
Healthcare
Transportation and Logistics
Energy and Utilities
Manufacturing
Retail
Education
Software
Services
Hardware
4G LTE
5G
Wi-Fi
Others
Large Enterprises
MIddle-Sized Enterprises
Small Enterprises
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Virtual Evolved Packet Core (vEPC) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Virtual Evolved Packet Core (vEPC) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Virtual Evolved Packet Core (vEPC) Market, By Type
6. Global Virtual Evolved Packet Core (vEPC) Market, By Application
7. Global Virtual Evolved Packet Core (vEPC) Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Virtual Evolved Packet Core (vEPC) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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