virtualized Evolved Packet Core Market Competitive Landscape and Qualitative Analysis by 2030
Virtualized Evolved Packet Core Market Overview:
The Virtualized Evolved Packet Core (vEPC) Market is expected to grow USD 13.65 billion by 2030, at a CAGR of 21.12% from 2020 to 2030. The growth of the market is being driven by the increasing demand for high-quality mobile services, the rising adoption of 5G and IoT, and the need to reduce capital and operational expenditures.
vEPC is a software-based platform that replaces the traditional hardware-based packet core in mobile networks. vEPC offers a number of advantages over traditional packet cores, including scalability, flexibility, and cost-effectiveness.
Market Players
Some of the key players in the vEPC market include:
Cisco Systems, Inc.
Ericsson
Huawei Technologies
Nokia Corporation
Affirmed Networks
Mavenir
ZTE Corporation
Intel Corporation
NEC Corporation
Market Segmentation:
The vEPC market can be segmented by component, deployment, use case, and end-user.
By component: The vEPC market can be segmented into solutions and services. Solutions include software, hardware, and integration services. Services include consulting, training, and support.
By deployment: The vEPC market can be segmented into on-premises and cloud-based deployments. On-premises deployments are more common, but cloud-based deployments are growing in popularity.
By use case: The vEPC market can be segmented into broadband wireless access (BWA), LTE and VoLTE, IoT and M2M, and MNO and MVNO. BWA is the largest use case for vEPC, followed by LTE and VoLTE.
By end-user: The vEPC market can be segmented into telecom operators and enterprises. Telecom operators are the major end-users of vEPC, but enterprises are also starting to adopt vEPC.
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Market Drivers:
The growth of the vEPC market is being driven by a number of factors, including:
The increasing demand for high-quality mobile services: Mobile data traffic is growing at an exponential rate, and vEPC is well-positioned to meet this demand. vEPC can support a higher volume of traffic than traditional packet cores, and it can also provide a better quality of service.
The rising adoption of 5G and IoT: 5G and IoT are two of the most important trends in the telecommunications industry, and they are both driving the demand for vEPC. 5G requires a more flexible and scalable network architecture than 4G, and vEPC is well-suited to meet these requirements. IoT also requires a high-capacity network, and vEPC can provide this.
The need to reduce capital and operational expenditures: vEPC can help mobile operators to reduce their capital and operational expenditures. vEPC is a more efficient way to deploy and manage a mobile network, and it can also help to reduce the need for hardware upgrades.
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Future Outlook:
The vEPC market is expected to continue to grow in the coming years. The growth of the market will be driven by the increasing demand for high-quality mobile services, the rising adoption of 5G and IoT, and the need to reduce capital and operational expenditures.