Virtualized Evolved Packet Core Market Key Highlights:
- Market Size (2024): USD 6,025 Million
- Projected Market Size (2034): USD 50,135 Million
- CAGR (2024-2034): 23.6%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Virtualized Evolved Packet Core Market Definition
Opportunities for MNOs to profit from the growth of the IoT industry are one of the main drivers driving the demand for virtualized evolved packet core Vepc market. Virtual EPC is expected to be used commercially by mobile network operators in their live networks to support a range of use cases. The ability of MNOs to economically adapt their networks for particular customers, industries, and applications is essential in the diverse world of loT. Additionally, by providing low-latency use cases at the network edge, it assists ISPs and enterprises to connect data centers, public or private clouds, and mobile and loT devices.
High-performance, low-latency apps, like mobile video surveillance, and low-power, low-latency, long-range loT apps can be divided based on their application requirements. To meet the needs of developing loT applications which are defined as huge machine-type communication and mission-critical applications the transition from LTE to 5G is anticipated to accelerate. The need to support the continually increasing number of devices connecting to the Internet is driving the VEPC market's growth. The Internet of Things' connectivity has significantly decreased as a result of the COVID-19 pandemic. The Ericsson Mobility Report projects that 52% of all cellular loT connections will be Narrowband-IoT (NB-loT) and Cat-M. Additional significant loT mobile communication modes include 2G, 3G, 4G, and 5G services.
Virtualized Evolved Packet Core Market Segmentation:
By Type
By Application
- Telecom Operator
- Enterprise
Virtualized Evolved Packet Core Market Companies:
- Ericsson (Sweden)
- NEC Corporation (Japan)
- Affirmed Networks (US)
- Huawei Technologies (China)
- Mavenir (US)
- ZTE Corporation (China)
- Cisco Systems (US)
- Athonet (Italy)
- Nokia Corporation (Finland)
- Samsung (South Korea)
- ExteNet Systems (US)
- Telrad Networks (Israel)
- Core Network Dynamics (Germany)
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