Evolved packet core (vEPC) is a software framework, used for providing converged voice and data on 4G long term evolution (LTE) network. Increasing smartphone penetration along with rapid growth in number of LTE subscribers has increased adoption of evolved packet core market worldwide. With continual growth anticipated in mobile internet users worldwide, virtualized EPC market is expected to continue witnessing incremental growth in the years to come.

Advanced security and improved subscribers management offered by evolved packet core makes it the most preferred solution for effective and secure LTE access. The market growth is highly driven by the consistent network infrastructure expansion across the globe. Flexibility and simplicity of operation along with intelligent traffic management for differentiated performance are few more factors responsible for rise in demand for evolved packet core.

Virtualized evolved packet core market is segmented by end-user into, telecom operators and Enterprises. Telecom operators face intense challenges including system upgrading to cater to the ever changing demand from customers along with intense competition. Currently, telecom sector is investing more in R&D to come up with more scalable and cost effective EPC solutions. This makes telecom operators segment to hold the largest market share in overall evolved packet core market.

Virtualized Evolved Packet Core market is also segmented by deployment model into cloud-based and on-premises. Large number of enterprises are rapidly adopting cloud computing resulting in higher revenue generation from cloud-based vEPC segment. However, comparatively high maintenance and initial costs hamper the market demand for on-premises vEPC deployment model. 

Virtualized Evolved Packet Core market is segmented by component into services and solution. Services segment is projected grow at highest rate owing recent upgradations in virtualized EPCs in telecom sectors. Whereas, solution segment is expected to continue dominating the vEPC market on account of growing demand for high speed data networks.   

North America is the regional leader, thereby hold largest market share in the global evolved packet core market during the forecast period. North America is one of the biggest virtualized EPC market owing to presence of big telecom giants in this region. Improved telecom sector is creating incremental demand for virtualized EPC to reduce overall capital and operational expenditure. Asia Pacific market is anticipated to show strategic growth rate in global vEPC market in following years. Telecom sectors in China, Japan and South Korea are some of the early adopters of virtualized evolved packet core which causes Asia Pacific vEPC market to grow.

Virtualized Evolved Packet Core (vEPC) Market is expected to witness promising growth over the forecast period owing to following factors:

• Rising popularity and demand for 4G network
• New services employing LTE or associated IMS network such as Voice over LTE (VoLTE), Video-over-LTE (ViLTE), and Voice over Wi-Fi (VoWiFi).
• Heavy investment by telecom sectors and enterprises into R&D
• Rapid growth in number of LTE subscribers
• Incremental growth in network infrastructure around the globe
• Reduction in capital and operational expenditure through vEPC

Key players identified in virtualized Evolved Packet Core (vEPC) market include but are not limited to:

Ericsson AB, Nokia Corporation, ZTE Corporation, Huawei Technologies Co. Ltd., Cisco Systems, Inc., Intel Corporation, NEC Corporation, Mavenir Systems, Inc., Affirmed Networks and ng4T GmbH among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Virtualized Evolved Packet Core (vEPC) market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Virtualized Evolved Packet Core (vEPC) market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Virtualized Evolved Packet Core (vEPC) market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Virtualized Evolved Packet Core (vEPC) market?
• Which is the largest regional market for Virtualized Evolved Packet Core (vEPC) market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Virtualized Evolved Packet Core (vEPC) market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Virtualized Evolved Packet Core (vEPC) market worldwide?