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Market size and share of vEPC to exceed $8.7 billion by 2028

Priority for Market Research, North Star of the Business World

Priority for Market Research, North Star of the Business World

WASHINGTON, Jan. 25, 2023 (GLOBE NEWSWIRE) — The global core virtualization packages market is valued at USD 4.1 billion in 2021 and is projected to reach USD 8.7 billion by 2028 at a compound annual growth rate (CAGR). Composite) 22.1% for the forecast period 2022-2028.

Market overview

According to Vantage Market Research, key factors are expected to accelerate the growth of the Virtualized Evolved Core Packet Core market over the forecast period. The key factors driving the growth of the evolving virtual core packet market are the growing demand for 5G network commercialization, the growing need to reduce operational expenditure (OPEX) and capital expenditure (CAPEX), the deployment of IoT and agile networks, and the growing demand for broadband services over mobile networks.

We expect the solutions category in Virtualized Evolved Core Market sales to account for more than 59% of total sales by 2028. Reasons driving the growth of this market segment include growing demand for high-speed and comprehensive network coverage and growing growth. Requirement to reduce operating expenses and capital expenditures.

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Market dynamics

Mobile data traffic levels have increased dramatically, which is boosting market expansion

The main drivers of the increase in mobile data traffic are the ever-changing mix of wireless devices and their rapid global expansion as access points for mobile networks. Mobile data traffic is increasing globally due to the increasing adoption of smartphones and the accessibility of low-cost, high-speed network services. For example, GSMA Intelligence predicts that the percentage of people using smartphones worldwide will increase from 65% in 2021 to 80% by the end of 2025. By 2025, 45% of mobile data traffic will be carried by 5G networks. , according to Erickson. Thus, to control the data traffic, virtual evolving packet core solutions are now required due to the increase in mobile data traffic. Mobile traffic management effectively improves throughput, reduces network congestion issues, optimizes resource utilization, and improves quality of service. This is made possible by using a virtual advanced package kernel.

Adopt IoT & M2M to boost market growth

IoT and M2M services are expected to grow significantly during the projection period. Many mobile network operators have implemented vEPC in their backbone IoT packet network. VEPC solution vendors also prepare NFV solutions for IoT cellular networks. The operator can easily provide better connectivity to M2M devices and check for new offers to customers using the vEPC solution in the IoT core network. With the increasing number of deployments by telecom operators in North America, Asia Pacific, and Middle East and Africa regions, IoT and M2M will represent the most significant opportunity for vEPC solution vendors in the coming years. The IoT prospects of various mobile operators are made possible by vPEC. Compared to the smartphones and tablets that dominate today’s networks, IoT applications have significantly different network needs.

Leading Players in the Global Virtual Advanced Package Core Market

  • Cisco Systems (USA)

  • Telefonaktiebolaget LM Ericsson (Sweden)

  • NEC Corporation (Japan)

  • Mavenir (United States)

  • ZTE Corporation (China)

  • Red Hat Corporation (USA)

  • Nokia Corporation (Finland)

  • Huawei Technologies Ltd. (China)

  • Proven Solutions Corporation (USA)

  • Samsung Electronics Ltd. (South Korea)

To get additional information on High-End Virtual Reality Packages Primary Market Players and Details List, Download PDF Brochure of the Report

Top trends in the global core market for virtual advanced packages

  • One of the trends that Vantage Market Research (VMR) expects to see in the Virtualized Evolved Packet Core industry is an increase in data traffic on mobile networks. Mobile data traffic is expected to reach 51 exabytes (EB) by the end of 2020 and 226 exabytes by 2026. Video currently accounts for 66% of all mobile data traffic. Traffic growth is largely due to higher average amount of data per subscription and higher subscription rate for smartphones.

  • Another trend that VMR expects will continue in the Virtualized Evolved Packet Core industry is increasing demand for the 5G network. The vEPC market is being driven by the development of 5G infrastructure. There have been many new technological developments, such as 5G in the telecom sector. The use of technologies such as the Internet of Things is incentivizing mobile network operators to develop 5G infrastructure due to the increase in data traffic.

The highest scores of the report

  • Based on component, the Solution category controls most of the Virtualized Evolved Packet Core market revenue. This segment’s large market share is primarily attributable to the growing need for high-speed and comprehensive network coverage, the growing need to reduce operational and capital expenditures, increasing mobile data traffic volume, and expanding use of network virtualization.

  • Based on the solution, most of the revenues of the Virtualized Evolved Packet Core market are controlled by the MME category. In addition to supporting subscriber authentication, roaming, and network handover, it manages LTE network mobility sessions.

  • Based on Service, most of the Virtualized Evolved Packet Core market revenue is controlled by the Professional Services category. VEPC Professional Services help companies perform better by increasing overall income and reducing cost and operational costs. These services enable companies to monitor, evaluate and analyze their business requirements to make more informed decisions.

  • Based on the network, most of the Virtualized Evolved Packet Core market revenue is controlled by the 5G network category. The next-generation virtual network infrastructure is the VEPC marketplace, which is cloud-native. Due to the outdated vendor structure, which has practically not changed in more than 25 years of mobile networks, operators are constrained.

  • Based on end users, most of the Virtualized Evolved Packet Core market revenue is controlled by telecom operator category. Telecom operators in many countries have already used these solutions. South Korean company SK Telecom successfully implemented an advanced core packet virtualization solution in 2015.

  • Based on deployment mode, most of the Virtualized Evolved Core Packet Core market revenue is controlled by the on-premises class due to the increased control provided by the evolving virtualized backbone networking infrastructure for on-premises solutions.

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Recent developments in the global core market for virtual advanced packages

Solution category in the virtual core market for high-end packages to generate more than 59% of revenue

Virtual high-end package cores are an expensive investment. Vantage Market Research has analyzed the Virtualized Evolved Core Packet Core market to understand its current state and potential future growth factors. For a better understanding, on the basis of component, the Virtualized Evolved Packet Core market is segmented into Solutions and Services.

During the forecast period, the Virtualized Evolved Core Packet Core market is expected to witness the highest CAGR of the Solution category as more vEPC systems are deployed to meet the growing need for high-speed data networks.

On the other hand, the Service category is expected to grow exponentially due to its critical function of deploying and integrating next-generation network systems for enterprise setup.

Asia Pacific in the default core market for high-end packages to generate 37% more revenue

The Asia-Pacific region dominates the virtual high-end package cores market, and this dominance trend will continue throughout the projection period. The increasing use of technologies like cloud computing and the Internet of Things is the main factor behind the rapid growth of this region. In addition, the region is expected to expand rapidly over the next few years due to the rapid deployment of 5G networks in Asia-Pacific countries, the growing subscriber base, favorable government policies and regulations, and the demand for broadband services.

Browse the 142-page market data and figures spread across the in-depth table of contents at Default advanced basic package Market Outlook Report (2022-2028).

The core market segmentation of the global virtualization advanced packages

by component

depending on the solution

According to the services

through the network

by the end user

  • telecom operators

  • companies

by posting mode

By region

  • North Amarica

    • United State

    • Canada

    • Mexico

  • Europe

    • Germany

    • United kingdom

    • France

    • Italy

    • Spain

    • Rest of Europe

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

    • Southeast Asia

    • Rest of Asia Pacific

  • Latin america

    • Brazil

    • Argentina

    • Rest of Latin America

  • Middle East and Africa

    • Gulf Cooperation Council countries

    • South Africa

    • Rest of the Middle East and Africa

Read the full report @ https://www.vantagemarketresearch.com/industry-report/virtualized-evolved-packet-core-market-1981

Report Scope:

Report attributes

details

Market size in 2021

4.1 billion US dollars

Revenue projections by 2028

8.7 billion US dollars

compound annual growth rate

22.1% from 2022 to 2028

base year

2021

prediction year

2022 to 2028

The main players

Cisco Systems Inc. Telefonaktiebolaget LM Ericsson, NEC Corporation, Mavenir, ZTE Corporation, Red Hat Inc. and Nokia Corporation and Huawei Technologies Ltd. and Affirmed Solutions Inc. and Samsung Electronics Ltd.

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