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Global Virtualized Evolved Packet Core Market to reach USD 24.77 billion by the end of 2029

Global Virtualized Evolved Packet Core Market Size study & Forecast, by Component (Solution, Services), By Deployment Type (Cloud, On-premises), By Network (5G Network, 4G Network), By End-User (Telecom Operators, Enterprise) and Regional Analysis, 2022-2029

Product Code: ICTEITS-67539445
Publish Date: 8-10-2022
Page: 200

Global Virtualized Evolved Packet Core Market is valued at approximately USD 4.79 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 22.8% over the forecast period 2022-2029. Virtualized Evolved Packet Core refers to a framework utilized for virtualizing the functions required to converge voice and data on 4G Long-Term Evolution (LTE) and 5G networks. vEPC moves the core network’s individual components that traditionally run-on dedicated hardware to software platforms. Through virtualizing evolved packet core (EPC) telecom operators can reduce their capital & operating expenditures as well as can customize networks as per the requirements of individual customers. The increasing mobile network data traffic and growing penetration of IoT connected devices as well as strategic initiatives from leading market players are key factors accelerating the market growth.

According to Statista – in 2019, global mobile data traffic was estimated at 28.56 exabytes per month, and the mobile data traffic further increased to 77.49 exabytes per month in 2022. Moreover, another key factor driving the market is increasing penetration of IoT connected devices. For instance, according to Statista – in 2020, the total number of Internet of Things (IoT) devices worldwide were estimated at 9.7 billion, and the number of IoT devices is projected to grow to 29 billion by 2030. Also growing emergence of 5G services worldwide and increasing advancements in Machine-to-Machine (M2M) communication networks would create lucrative growth prospectus for the market over the forecast period. However, lack of awareness and resources to shift toward virtualization and rising concern over cyber security impede the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Virtualized Evolved Packet Core Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share owing to presence of leading market players and growing investment in5G infrastructure in the region. Whereas, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising penetration of smartphone subscribers and IoT devices coupled with increasing deployment of 4G and 5G networks in the region.

Major market players included in this report are:
Cisco Systems Inc.
Telefonaktiebolaget LM Ericsson
NEC Corporation
Mavenir
ZTE Corporation
Red Hat Inc.
Nokia Corporation
Huawei Technologies Ltd.
Affirmed Solutions Inc.
Samsung Electronics Ltd.

Recent Developments in the Market:
 In February 2020, Latin America based Millicom, a provider of cable and mobile services, partnered with Affirmed Networks for virtual Evolved Packet Core solution. Under this partnership, Millicom would deploy Affirmed’s virtual Evolved Packet Core (vEPC) solution on VMware’s vCloud NFV platform, for the rollout of new mobile and Wi-Fi services in the North American region.

 In August 2020, Taiwanese mobile operator Asia Pacific Telecom (APT) announced selection of Finland based Nokia as the single vendor for 5G New Radio (NR). Under this partnership, Nokia would provide its AirScale Radio Access solutions. Moreover, Nokia would also deploy its cloud-native Cloud Mobile Gateway (CMG) and Cloud Mobility Manager (CMM) appliance solutions from its Cloud Packet Core (CPC) portfolio.

Global Virtualized Evolved Packet Core Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Component, Deployment Type, Network, End-User, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Solution
Services
By Deployment Type:
Cloud
On-premises
By Network:
5G Network
4G Network
By End-User:
Telecom Operators
Enterprise

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Virtualized Evolved Packet Core Market, by Region, 2019-2029 (USD Billion)
1.2.2. Virtualized Evolved Packet Core Market, by Component, 2019-2029 (USD Billion)
1.2.3. Virtualized Evolved Packet Core Market, by Deployment Type, 2019-2029 (USD Billion)
1.2.4. Virtualized Evolved Packet Core Market, by Network, 2019-2029 (USD Billion)
1.2.5. Virtualized Evolved Packet Core Market, by End-User, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Virtualized Evolved Packet Core Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Virtualized Evolved Packet Core Market Dynamics
3.1. Virtualized Evolved Packet Core Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Increasing mobile network data traffic
3.1.1.2. Growing penetration of IoT connected devices
3.1.1.3. Strategic initiatives from leading market players
3.1.2. Market Challenges
3.1.2.1. Lack of awareness and resources to shift toward virtualization
3.1.2.2. Rising concern over cyber security
3.1.3. Market Opportunities
3.1.3.1. Growing emergence of 5G services worldwide
3.1.3.2. Increasing advancements in Machine-to-Machine (M2M) communication networks
Chapter 4. Global Virtualized Evolved Packet Core Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Virtualized Evolved Packet Core Market, by Component
6.1. Market Snapshot
6.2. Global Virtualized Evolved Packet Core Market by Component, Performance – Potential Analysis
6.3. Global Virtualized Evolved Packet Core Market Estimates & Forecasts by Component, 2019-2029 (USD Billion)
6.4. Virtualized Evolved Packet Core Market, Sub Segment Analysis
6.4.1. Solution
6.4.2. Services
Chapter 7. Global Virtualized Evolved Packet Core Market, by Deployment Type
7.1. Market Snapshot
7.2. Global Virtualized Evolved Packet Core Market by Deployment Type, Performance – Potential Analysis
7.3. Global Virtualized Evolved Packet Core Market Estimates & Forecasts by Deployment Type, 2019-2029 (USD Billion)
7.4. Virtualized Evolved Packet Core Market, Sub Segment Analysis
7.4.1. Cloud
7.4.2. On-premises
Chapter 8. Global Virtualized Evolved Packet Core Market, by Network
8.1. Market Snapshot
8.2. Global Virtualized Evolved Packet Core Market by Network, Performance – Potential Analysis
8.3. Global Virtualized Evolved Packet Core Market Estimates & Forecasts by Network, 2019-2029 (USD Billion)
8.4. Virtualized Evolved Packet Core Market, Sub Segment Analysis
8.4.1. 5G Network
8.4.2. 4G Network
Chapter 9. Global Virtualized Evolved Packet Core Market, by End-User
9.1. Market Snapshot
9.2. Global Virtualized Evolved Packet Core Market by End-User, Performance – Potential Analysis
9.3. Global Virtualized Evolved Packet Core Market Estimates & Forecasts by End-User, 2019-2029 (USD Billion)
9.4. Virtualized Evolved Packet Core Market, Sub Segment Analysis
9.4.1. Telecom Operators
9.4.2. Enterprise
Chapter 10. Global Virtualized Evolved Packet Core Market, Regional Analysis
10.1. Virtualized Evolved Packet Core Market, Regional Market Snapshot
10.2. North America Virtualized Evolved Packet Core Market
10.2.1. U.S. Virtualized Evolved Packet Core Market
10.2.1.1. Component breakdown estimates & forecasts, 2019-2029
10.2.1.2. Deployment Type breakdown estimates & forecasts, 2019-2029
10.2.1.3. Network breakdown estimates & forecasts, 2019-2029
10.2.1.4. End-User breakdown estimates & forecasts, 2019-2029
10.2.2. Canada Virtualized Evolved Packet Core Market
10.3. Europe Virtualized Evolved Packet Core Market Snapshot
10.3.1. U.K. Virtualized Evolved Packet Core Market
10.3.2. Germany Virtualized Evolved Packet Core Market
10.3.3. France Virtualized Evolved Packet Core Market
10.3.4. Spain Virtualized Evolved Packet Core Market
10.3.5. Italy Virtualized Evolved Packet Core Market
10.3.6. Rest of Europe Virtualized Evolved Packet Core Market
10.4. Asia-Pacific Virtualized Evolved Packet Core Market Snapshot
10.4.1. China Virtualized Evolved Packet Core Market
10.4.2. India Virtualized Evolved Packet Core Market
10.4.3. Japan Virtualized Evolved Packet Core Market
10.4.4. Australia Virtualized Evolved Packet Core Market
10.4.5. South Korea Virtualized Evolved Packet Core Market
10.4.6. Rest of Asia Pacific Virtualized Evolved Packet Core Market
10.5. Latin America Virtualized Evolved Packet Core Market Snapshot
10.5.1. Brazil Virtualized Evolved Packet Core Market
10.5.2. Mexico Virtualized Evolved Packet Core Market
10.6. Rest of The World Virtualized Evolved Packet Core Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Cisco Systems Inc.
11.2.1.1. Key Information
11.2.1.2. Overview
11.2.1.3. Financial (Subject to Data Availability)
11.2.1.4. Product Summary
11.2.1.5. Recent Developments
11.2.2. Telefonaktiebolaget LM Ericsson
11.2.3. NEC Corporation
11.2.4. Mavenir
11.2.5. ZTE Corporation
11.2.6. Red Hat Inc.
11.2.7. Nokia Corporation
11.2.8. Huawei Technologies Ltd.
11.2.9. Affirmed Solutions Inc.
11.2.10. Samsung Electronics Ltd.
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

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Data Collection:
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
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