Virtualized Evolved Packet Core (vEPC) Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3911
Virtualized Evolved Packet Core (vEPC) Market size is estimated to grow at a significant CAGR during the forecast period due to rising LTE subscriber penetration and proliferation of smartphone users. The rapid growth in network infrastructure and the increasing need to reduce operational expenditure (OpEx) and capital expenditure (CapEx) in the telecom sector is contributing to virtualized evolved packet core market growth. The advent of advanced technologies, such as 5G and IoT, is fueling market growth.
The cloud segment in the vEPC market is estimated to show a significant CAGR over the forecast timeline due to the growing need to reduce the overall equipment cost in the network infrastructure. Additionally, telecom operators are increasingly adopting vEPC solutions to improve collaboration with third-party software application vendors to experience faster deployment, scalability, and agility benefits. The service segment is anticipated to grow at a higher CAGR over the forecast timeline due to the wide adoption of vEPC solutions across telecom operators, resulting in the growing demand for consulting services, training & support services, and implementation & deployment services.
The telecom operator segment is estimated to hold a large virtualized evolved packet core market share over the forecast timeline. The growth is attributed to the changing demand of end-customers, high OpEx & CapEx, intense competition, and lower RoI. Additionally, the adoption of vEPC solutions will provide cost-effective and scalable solutions.
Supportive government initiatives to benefit citizens is driving virtualized evolved packet core (vEPC) market growth. For instance, the U.S. government is expected to rollout Citizens Broadband Radio Service (CBRS) band for private operators and enterprises in 2018, which will act as a catalyst for market growth.
North America held a large virtualized evolved packet core market share in 2018 and is estimated to dominate the industry share over the forecast timeline. The vEPC market growth is attributed to the expansion of LTE and LTE-advanced (LTE-A) networks in the region. Telecom operators in the region are rolling out new applications, such as IoT, M2M, and wireless broadbands, using vEPC solutions on their networks. Telecom operators in the region are strategically focusing on providing innovative solutions to provide better customer service, standardize their 4G/LTE business models, and measure the service performance & quality. APAC is anticipated to grow at the highest CAGR over the forecast timeline due to the presence of giant telecom operators, such as Vodafone and China Unicom, in the region. Additionally, these telecom operators are increasingly embracing vEPC solutions to their network, proliferating the market growth in the region.
The vEPC solution providers are focusing on strategic alliances with other virtualized evolved packet core market players to improve their offerings and expand their geographical presence. For instance, in July 2017, Mavenir Systems, Inc. acquired the assets associated with the vEPC product family from Brocade Communications Systems, Inc. This acquisition will enhance its next-generation core network with feature-rich vEPC solutions, expanded customer base, and advanced network slicing capabilities important to 5G architectures.
Some of the other major players operating in the virtualized evolved packet core (vEPC) market are Affirmed Networks, Inc., Athonet Srl, Cisco Systems, Inc. Huawei Technologies, Mavenir, NEC Corporation, Nokia Corporation, Samsung, Telefonaktiebolaget LM Ericsson, and ZTE Corporation.
<h2> Virtualized Evolved Packet Core (vEPC) Market, By Component, 2014-2025 (USD Million)
- Mobility Management Entity (MME)
- Home Subscriber Server (HSS)
- Serving Gateway (SGW)
- Packet Data Network Gateway (PDN GW)
- Policy and Changing Rules Function (PCRF)
- Professional Services
- Consulting & Training Services
- Integration & Deployment Services
- Managed Services
- Professional Services
Virtualized Evolved Packet Core (vEPC) Market, By Deployment Model, 2014-2025 (USD Million)
Virtualized Evolved Packet Core (vEPC) Market, By Application, 2014-2025 (USD Million)
- LTE, VoLTE
- IoT & M2M
- MPN & MVNO
Virtualized Evolved Packet Core (vEPC) Market, By End-Use, 2014-2025 (USD Million)
- Telecom Operators
The above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- South Africa
- Affirmed Networks, Inc.
- Athonet Srl
- Cisco Systems, Inc.
- Huawei Technologies
- NEC Corporation
- Nokia Corporation
- Telefonaktiebolaget LM Ericsson
- ZTE Corporation
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