According to this latest publication from Meticulous Research®, the global Virtualized Evolved Packet Core (vEPC) market is expected to grow at a CAGR of 23.4% from 2021 to 2028 to reach $17.05 billion by 2028. This market is majorly driven by the factors such as the rapid growth in network infrastructure, increasing need to reduce operational expenditure (OPEX) and capital expenditure (CAPEX) in the telecom sector, and significant growth in the mobile data traffic volumes.

Continuous expansion of 5G networks in developed regions and some developing countries in Asia-Pacific are expected to offer significant growth opportunities for the virtualized evolved packet core market. However, the growing number of security concerns across the network infrastructure and the negative impact of COVID-19 on the global economy are marked as notable restraints for market growth. Besides, the lack of infrastructure in developing and underdeveloped regions is expected to restrict 5G deployments, and proportionally, the growth of the Virtualized Evolved Packet Core (vEPC) market.

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The global virtualized evolved packet core market is segmented based on component (solution and services), application (LTE, VoLTE, IoT & M2M, and MPN & MVNO), deployment mode (on-premise and cloud), and end user (telecom, enterprises, and others). The study also evaluates industry competitors and analyses the market at a country level.

Based on component, the virtualized evolved packet core market is segmented into solutions and services. In 2021, the solutions segment accounted for the largest share of the Virtualized Evolved Packet Core (vEPC) market. The large share of this segment is mainly attributed to the increasing need to reduce operating and capital expenditure, growing mobile data traffic volume, and rising demand for high-speed and large network coverage.

Based on application, the virtualized evolved packet core market is segmented into LTE & VoLTE, IoT & M2M, and MPN & MVNO. In 2021, the MPN & MVNO segment commanded the largest share of the virtualized evolved packet core market. The large share of this segment is mainly attributed to the rising penetration of mobile devices and demand for low-cost mobile services, increasing demand for high-speed internet

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Based on the deployment mode, the virtualized evolved packet core market is segmented into on-premises and cloud. In 2021, the on-premise segment commanded the largest share of the virtualized evolved packet core market due to greater control over virtualized evolved packet core network infrastructure offered by on-premise solutions. On the other hand, the cloud-based segment is expected to grow at the highest CAGR during the forecast period.

Based on end user, the Virtualized Evolved Packet Core (vEPC) market is segmented into telecom operators, enterprises, and others. In 2021, the telecom operators segment commanded the largest share of the virtualized evolved packet core market. The large share of this segment is mainly attributed to the rapid adoption of virtualized evolved packet core solutions by the telecom sector.

Geographically, the North American region commanded the largest share of the virtualized evolved packet core market in 2021. This region focuses on adopting virtualized evolved packet core solutions to enhance its network infrastructure and leverage the benefits of new technologies, such as 5G Core and IoT. This regional segment also boosts the presence of a majority of established virtualized evolved packet core players and start-ups.

The key players operating in the global Virtualized Evolved Packet Core (vEPC) market are ZTE Corporation (China), Cisco Systems, Inc. (U.S.), Telefonaktiebolaget LM Ericsson SE (Sweden), Affirmed Networks, Inc. (U.S.), Mavenir Systems, Inc. (U.S.), Huawei Technologies Co., Ltd. (China), Samsung Electronics Co, Ltd. (South Korea), Tecore Inc. (U.S.), Nokia Corporation (Finland), Parallel Wireless, Inc. (U.S.), F5 Networks, Inc. (U.S.), NEC Corporation (Japan), IPLOOK Technologies Co Ltd (China), Polaris Networks (U.S.), Athonet SRL (Italy), LEMKO Corporation (U.S.), Metaswitch Networks (U.K.), and Intel Corporation (U.S.).

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Key questions answered in the report-

Which are the high-growth market segments in terms of the component, application area, deployment mode, end user, and countries?
What is the historical market for virtualized evolved packet core across the globe?
What are the market forecasts and estimates from the period of 2019-2028?
What are the major drivers, restraints, and opportunities in the global virtualized evolved packet core market?
Who are the major players in the global virtualized evolved packet core market, and what market share do they hold?

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