Virtualized Evolved Packet Core Market Growth Forecast: Exploring Trends and Opportunities for the Next Decade
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What fueled the previous growth in the virtualized evolved packet core market?
There has been a swift expansion in the size of the virtualized evolved packet core market in the past few years. This market is forecasted to surge from a value of $6.66 billion in 2024 to $7.9 billion by 2025, with a Compound Annual Growth Rate (CAGR) of 18.5%. Key factors propelling this growth during the historical period include initiatives towards 5G deployment, expansion of 4G LTE, the advancement of cloud computing, regulatory conformity, and an upswing in service innovation.
What will be the virtualized evolved packet core market size in the future?
The market for virtualized evolved packet core is set to experience robust growth in the forthcoming years, with its value predicted to reach $15.41 billion in 2029 at a CAGR of 18.2%. The projected growth can be attributed to factors like the rise in network function virtualization (NFV), more integration of SDN, telco cloud initiatives, a surge in mobile data traffic, and the increasing requirement for edge computing. The upcoming period will also witness major trends like deployment of 5G networks, the introduction of cloud-native vEPC solutions, hybrid cloud deployments, integration of edge computing, and the prevalence of service-oriented architectures.
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What main drivers are fueling expansion in the virtualized evolved packet core market?
The rise in mobile data traffic is predicted to drive the expansion of the virtualized evolved packet core market. Mobile data traffic is essentially the amount of data that is exchanged via a mobile network. The surge in mobile data traffic is due to factors such as the expansion of 4G and 5G networks, increased use of social media and video streaming, and the proliferation of smartphone usage. The role of the virtualized evolved packet core (vEPC) is crucial in managing this surge as it allows network operators to effectively scale and optimize their networks to accommodate the rising demand for high-speed data services. For example, a report compiled by Sweden-based company Ericsson in November 2023 forecasts that mobile traffic should increase by 20%–30% annually for more regions in the upcoming years. However, the annual growth rate of mobile data traffic is anticipated to decelerate at varying rates in different areas until 2029. Hence, the surge in mobile data traffic is fuelling the expansion of the virtualized evolved packet core market.
What key areas define the segmentation of the global virtualized evolved packet core market?
The virtualized evolved packet core market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Deployment Mode: Cloud, On-Premises
3) By Application: Long Term Evolution (LTE), Voice Over Long-Term Evolution (VoLTE), Internet Of Things (IoT), Machine-To-Machine (M2M), Most Probable Number (MPN), Mobile Virtual Network Operator (MVNO)
4) By End User: Telecom, Enterprises
Subsegments:
1) By Solutions: Network Function Virtualization (NFV) Solutions, Cloud-Based Evolved Packet Core (EPC) Solutions, Traffic Management Solutions, Security Solutions, Data Analytics Solutions
2) By Services: Consulting Services, Integration Services, Managed Services, Support and Maintenance Services, Training Services
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Who are the dominant players expanding their reach in the virtualized evolved packet core market?
Major companies operating in the virtualized evolved packet core market are Samsung Electronics Co. Ltd., Dell Technologies Inc., Huawei Technologies Co. Ltd., Intel Corporation, Cisco Systems Inc., Broadcom Inc., Hewlett Packard Enterprise Company, Fujitsu Limited, Tata Consultancy Services Limited, Telefonaktiebolaget LM Ericsson, Nokia Corporation, NEC Corporation, ZTE Corporation, CommScope Holding Company Inc., Keysight Technologies Inc., Juniper Networks Inc., Amdocs Limited, Ciena Corporation, Infinera Corporation, Alcatel-Lucent Enterprise (ALE International SAS), Mavenir Systems Inc., Radisys Corporation, Casa Systems Inc., Affirmed Networks Inc., ASOCS Ltd
How are evolving market trends shaping virtualized evolved packet core Strategies?
Leading corporations in the virtualized evolved packet core market are innovating single packet core (SPC) technology to improve network efficiency and endorse uninterrupted connectivity across several mobile network generations. SPC technology integrates a system that manages voice and data services across 2G, 3G, and 4G networks, guaranteeing consistent and effective network functionality. For example, in August 2024, both Huawei Technologies Co. Ltd., a corporation from China specializing in telecommunications equipment and services, and Orange Egypt Telecommunications SAE, an Egypt-situated telecommunications services company, unveiled the first ever bare metal container for mobile networks in the country. The bare-metal container integrates single packet core (SPC) technology and supports 2G, 3G, and 4G networks. This innovative product offers advanced virtual evolved packet core (vEPC) solutions, contributing to Egypt’s Vision 2030 infrastructure updating initiatives.
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Which regions are emerging as leaders in the virtualized evolved packet core market?
North America was the largest region in the virtualized evolved packet core market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the virtualized evolved packet core market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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