Virtualized Evolved Packet Core Market Size Worth USD 39.72 Billion in 2032 | Emergen

Vancouver, Dec. 26, 2023 (GLOBE NEWSWIRE) — The global Virtualized Evolved Packet Core (vEPC) Market size was USD 7.15 Billion in 2022 and is expected to register a steady revenue CAGR of 18.7% during the forecast period, according to latest analysis by Emergen Research. Rising adoption of cloud computing and virtualization technologies is a key factor driving market revenue growth.

vEPC refers to a framework that helps the convergence of voice and data on Fourth Generation (4G) and Fifth Generation (5G) networks. Need for vEPC is increasing due to rising acceptance of cloud computing and virtualization technologies. The adoption of cloud-based vEPC deployments provides advantages such as scalability, cost-effectiveness, and simplified management compared to traditional hardware-based solutions.

Cloud infrastructure allows organizations to scale their network resources dynamically, reducing operational costs and enhancing flexibility. In addition, virtualization technologies enable the separation of software from hardware, optimizing resource utilization and streamlining network management. Organizations can unlock opportunities for network optimization, efficient service delivery, and improved user experiences, by integrating vEPC with cloud computing and virtualization technologies.

Moreover, increasing use of data-intensive applications and emergence of technologies, such as Internet of Things (IoT) and 5G, have generated a substantial need for reliable and high-speed connectivity. Both businesses and consumers require uninterrupted connectivity to support bandwidth-intensive activities such as video streaming, online gaming, and real-time data transmission.

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Scope of Research

Report Details Outcome
Market Size in 2022 USD 7.15 Billion
CAGR (2023–2032) 18.7%
Revenue Forecast To 2032 USD 39.72 Billion
Base Year For Estimation 2022
Historical Data 2019–2021
Forecast Period 2023–2032
Quantitative Units Revenue in USD Billion and CAGR in % from 2023 to 2032
Report Coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments Covered Offerings, deployment mode, network type, end-use, and region
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Country Scope U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, Benelux, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, South Africa, Turkey, and Rest of Middle East & Africa
Key Companies Profiled Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., Nokia, ZTE Corporation, Cisco Systems, Inc., Affirmed Networks, Mavenir, SAMSUNG, Athonet srl, and NEC Corporation
Customization Scope 10 hours of free customization and expert consultation

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MAJOR COMPANIES and Market Share Analysis

The global virtualized evolved packet core market is fragmented, with large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective products. Some of the major companies included in the virtualized evolved packet core (vEPC) market report are:

  • Telefonaktiebolaget LM Ericsson
  • Huawei Technologies Co., Ltd.
  • Nokia
  • ZTE Corporation
  • Cisco Systems, Inc.
  • Affirmed Networks
  • Mavenir
  • SAMSUNG
  • Athonet srl
  • NEC Corporation

Strategic Development

  • On 22 October, 2022, The Smart Networks and Services Joint Undertaking (SNS JU) selected its first portfolio of 35 research, innovation, and trial projects to enable the evolution of 5G ecosystems and promote 6G research in Europe. With combined funding for this new portfolio of around USD 250 million under Horizon Europe, the aim is to build a first-class European supply chain for advanced 5G systems and build Europe’s 6G technology capacities.
  • On 22 September, 2022, Nokia unveiled its newest Software-as-a-Service (SaaS) solution, Automation, Visualization, and Analytics (AVA) charging, aimed at assisting Communication Service Providers (CSPs) and enterprises in efficiently launching new offerings for 5G and IoT use cases. Leveraging insights gained from numerous customer engagements, the solution incorporates business intelligence to facilitate swift monetization of 5G and IoT services. With its ‘Intelligence Everywhere’ approach, AVA Charging leverages Artificial Intelligence (AI), Machine Learning (ML), no code configuration, open APIs, multi-cloud orchestration, and digital ecosystems to deliver comprehensive capabilities. 

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Some Key Highlights from the Report

  • The service segment is expected to account for largest revenue share in the global vEPC market over the forecast period. This is due to rising adoption of vEPC solutions and increasing need for a comprehensive range of services to facilitate their deployment and operation. These services include consulting, system integration, customization, training, and ongoing technical support.
  • The Fifth Generation (5G) segment is expected to register steadily fast revenue growth rate in the global vEPC market over the forecast period due to rising acceptance of 5G technology. The 5G network provides remarkable benefits, including high-speed connectivity, ultra-low latency, and the ability to connect a massive number of devices. These capabilities unlock the potential for transformative applications across various industries, leading to rising demand and driving revenue growth of this segment.
  • The telecommunication service provider is expected to account for significantly large revenue share in the global vEPC market during the forecast period.

Segments Covered in Report

Emergen Research has segmented the global virtualized Evolved Packet Core (vEPC) market on the basis of offerings, deployment mode, network type, end-use, and region:

  • Offerings Outlook (Revenue, USD Billion; 2019-2032)
    • Solutions
      1. Virtualized Packet Gateway
      2. Virtualized Mobility Management Entity (vMME)
      3. Policy and Charging Rules Function (PCRF)
    • Services
      1. Consulting and Advisory Services
      2. System Integration and Deployment Services
      3. Maintenance and Support Services
  • Deployment Mode Outlook (Revenue, USD Billion; 2019-2032)
  • Network Type Outlook (Revenue, USD Billion; 2019-2032)
  • End-use Outlook (Revenue, USD Billion; 2019-2032)
    • Telecommunication Service Providers
      1. Mobile Network Operators (MNOs)
      2. Virtual Network Operators (VNOs)
    • Enterprises
      1. Manufacturing
      2. Healthcare
      3. Transportation and Logistics
  • Regional Outlook (Revenue, USD Billion; 2019–2032)
    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. France
      3. UK
      4. Italy
      5. Spain
      6. Benelux
      7. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Turkey
      5. Rest of Middle East & Africa

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