Meticulous Research®—a leading global market research company, published a research report titled, ‘Virtualized Evolved Packet Core Market by Component (Solutions, Services), Application (LTE, VoLTE, IoT & M2M, MPN & MVNO), Deployment Mode (On-premise, Cloud), End User (Telecom, Enterprises), and Geography - Global Forecast to 2031.’
The latest report from Meticulous Research® forecasts the Virtualized Evolved Packet Core Market to reach $19.87 billion by 2031, with a CAGR of 19.3% from 2024 to 2031. The market's growth is fueled by the surge in mobile data traffic volumes and the increasing demand for high-speed data services. However, concerns regarding data security associated with virtualized evolved packet core infrastructure pose challenges to market expansion. Despite this, investments in 5G technology, the adoption of cloud-native 5G core solutions, and the rise of IoT technology offer growth opportunities. Yet, challenges such as the reliability of vEPC solutions and limited awareness hinder market growth. A notable trend is the integration of edge computing with vEPC technology.
The market is segmented by component, application, deployment mode, and end-user. The solutions segment is expected to dominate the market, driven by the need to reduce OPEX and CAPEX and enhance network performance. However, services are projected to register a higher CAGR due to increased demand for vEPC consulting and solution development. In terms of application, Mobile Private Network & Mobile Virtual Network Operators (MPN & MVNO) lead the market, driven by the growing demand for high-speed internet connectivity. The IoT & M2M segment is expected to witness the highest CAGR, fueled by the need for remote monitoring and control of devices.
Geographically, North America is anticipated to hold the largest market share, owing to the adoption of virtualized evolved packet core solutions to improve network infrastructure. However, Asia-Pacific is poised to register the highest CAGR due to factors such as the growing number of mobile subscribers and the deployment of 5G-ready solutions.
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Key players in the market include Cisco Systems, Inc., Ericsson AB, Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd., among others. The report answers key questions about market segments, historical data, forecasts, drivers, challenges, and recent developments, providing insights into the competitive landscape and emerging players in the market.
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