Virtualized Evolved Packet Core Market

1. “Meticulous Research® Projects Virtualized Evolved Packet Core Market $19.87 Billion by 2031” pen_spark” J

2. Virtualized Evolved Packet Core Market 2024-2031 The Virtualized Evolved Packet Core Market: A Strategic Growth Outlook According to a recent publication from Meticulous Research®, the global virtualized evolved packet core (vEPC) market is projected to achieve significant growth, reaching a valuation of $19.87 billion by 2031, at a Compound Annual Growth Rate (CAGR) of 19.3% from 2024 to 2031. This remarkable growth is driven primarily by a surge in mobile data traffic and an increasing demand for high-speed data services, as the world continues to adopt advanced networking technologies. However, while the future of the vEPC market looks promising, several challenges such as data security risks and a lack of awareness about vEPC solutions are hindering its full potential. At the same time, emerging technologies like 5G, cloud-native solutions, and IoT present lucrative growth opportunities for industry players. Furthermore, the integration of edge computing with virtualized evolved packet core systems is an ongoing trend that is set to shape the market's future. Get A Glimpse Inside: Request Sample Pages - https://www.meticulousresearch.com/download-sample- report/cp_id=5201?utm_source=article&utm_medium=social&utm_campai gn=product&utm_content=07-10-2024 Market Dynamics Driving Growth Mobile Data Traffic and Demand for High-Speed Services The exponential increase in mobile data traffic worldwide has been one of the primary drivers of the vEPC market's rapid expansion. With the widespread adoption of smartphones and other mobile devices, consumers and businesses alike are demanding faster, more reliable data services. This growing demand for high-speed, low-latency data connectivity has led to an urgent need for scalable and agile network infrastructures like vEPC. Rising Investments in 5G and IoT Solutions The continued investment in 5G technology globally is another major factor contributing to the expansion of the virtualized evolved packet core market. Telecom operators are making substantial investments in 5G infrastructure to support the rollout of next-generation networks, which require the agility and Page 1 of 6 © Meticulous Research| sales@meticulousresearch.com

3. Virtualized Evolved Packet Core Market 2024-2031 scalability offered by vEPC solutions. Furthermore, the rising adoption of IoT technologies across industries is creating new demand for vEPC services, particularly in the areas of machine-to-machine (M2M) communication and autonomous decision-making systems. Challenges to Market Growth Despite the promising growth prospects, the vEPC market faces several challenges. Data security concerns, particularly in cloud-based deployments, are a key restraint, as enterprises become more cautious about adopting virtualized solutions. Moreover, misconceptions and a general lack of understanding about vEPC technology among potential customers remain significant hurdles. Overcoming these challenges requires market education and the development of robust security measures to ensure the safe deployment of vEPC systems. Emerging Trends and Growth Opportunities Integration of Edge Computing with vEPC Technology The convergence of edge computing and vEPC technology is a prominent trend within the telecommunications sector. Edge computing enables faster data processing and reduces latency by bringing computational power closer to the data source. When integrated with vEPC systems, this can significantly enhance network performance and create new opportunities for applications requiring real-time data processing, such as autonomous vehicles and industrial IoT solutions. Collaborative Innovations in 5G Deployment Several leading telecom companies are partnering to accelerate the deployment of 5G networks using cloud-native vEPC technologies. For example, in December 2022, T-Mobile USA, Inc. collaborated with Cisco Systems, Inc. to launch the world’s largest distributed, cloud-native converged core gateway. This new infrastructure has improved network performance for T-Mobile’s customers, with a notable 10% increase in both speed and latency reduction. Market Segmentation Analysis The virtualized evolved packet core market can be categorized into various segments based on components, applications, deployment modes, and end- Page 2 of 6 © Meticulous Research| sales@meticulousresearch.com

4. Virtualized Evolved Packet Core Market 2024-2031 user industries. A closer look at these segments reveals valuable insights into the areas driving market growth. Component Segmentation The vEPC market is divided into two main components: solutions and services. Among these, the solutions segment is expected to dominate in 2024, holding the largest market share. This dominance is driven by the need for telecom operators and enterprises to reduce operational and capital expenditures (OPEX and CAPEX), the surge in mobile data traffic, and the numerous advantages that vEPC solutions offer. These include agility, flexibility, scalability, and low-latency support for real-time applications. As telecom providers focus on enhancing network performance for both 4G and 5G users, the demand for innovative vEPC solutions continues to rise. The services segment, however, is expected to witness the highest growth rate during the forecast period. The increasing demand for consulting, integration, training, and support services related to vEPC technology is driving this growth. Telecom operators are looking to invest in vEPC services to optimize network performance and reduce the time-to-market for new applications and services. Application Segmentation In terms of application, the market is segmented into Mobile Private Networks (MPN) & Mobile Virtual Network Operators (MVNO), Long-Term Evolution (LTE) & Voice over LTE (VoLTE), and Internet of Things (IoT) & Machine-to-Machine (M2M) communication. The MPN & MVNO segment is projected to hold the largest share of the market in 2024, owing to the increasing penetration of mobile devices and the rising demand for affordable mobile services. The growing adoption of vEPC solutions by MVNOs is enabling them to offer low-cost, high-speed internet services, which are crucial for enhancing user experience. The rapid expansion of LTE and IMS networks, facilitated by vEPC technology, is helping operators quickly deploy and scale their network services. Conversely, the IoT & M2M segment is forecast to register the highest CAGR during the forecast period. The demand for real-time monitoring, control, and data analysis of IoT devices is growing across various industries, from manufacturing to healthcare. As a result, the need for reliable and scalable vEPC solutions to support these IoT ecosystems is expected to rise significantly. Page 3 of 6 © Meticulous Research| sales@meticulousresearch.com

5. Virtualized Evolved Packet Core Market 2024-2031 Deployment Mode Segmentation The market is further segmented by deployment mode into on-premise and cloud-based deployments. In 2024, on-premise deployments are expected to hold the largest market share, particularly among large enterprises that require greater control over their network infrastructures. On-premise vEPC solutions offer enhanced data security and allow organizations to maintain strict control over their network architecture. Nonetheless, cloud-based deployments are anticipated to grow at a faster pace during the forecast period. The cost-effectiveness, scalability, and flexibility of cloud-based vEPC solutions make them an attractive option for businesses of all sizes. As more companies migrate to cloud networks, the demand for cloud- native vEPC solutions is expected to grow exponentially. End-User Segmentation When segmented by end users, the telecom operators' segment is projected to account for the largest share of the market in 2024. The increasing adoption of vEPC solutions by telecom providers is helping to address latency issues, improve IT agility, and reduce both OPEX and CAPEX. These solutions allow telecom companies to offer faster, more reliable connectivity and application services, giving them a competitive edge in an increasingly saturated market. Regional Market Insights Geographically, the virtualized evolved packet core market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America: Market Leader North America is expected to dominate the vEPC market in 2024, driven by its advanced telecom infrastructure, widespread adoption of 5G technologies, and the growing demand for cloud-based services. Several leading telecom operators in North America are actively investing in the development and deployment of vEPC solutions to improve network performance and user experience. The region's commitment to 5G technology development has fostered collaborations between companies to accelerate the introduction of 5G-ready solutions. Asia-Pacific: The Fastest Growing Region Page 4 of 6 © Meticulous Research| sales@meticulousresearch.com

6. Virtualized Evolved Packet Core Market 2024-2031 Asia-Pacific is expected to register the highest CAGR during the forecast period. Factors such as the rising number of mobile subscribers, increased mobile data traffic, and growing adoption of cloud services are contributing to the region's rapid market growth. Additionally, the ongoing deployment of 5G networks and NFV infrastructure across Asia-Pacific is driving the demand for virtualized packet core solutions. Key Market Players Key players in the global vEPC market include Cisco Systems, Inc. (U.S.), Telefonaktiebolaget Lm Ericsson SE (Sweden), Huawei Technologies Co., Ltd. (China), Nokia Corporation (Finland), Mavenir Systems, Inc. (U.S.), and ZTE Corporation (China), among others. These companies are investing heavily in research and development to innovate and expand their product offerings. Strategic partnerships, mergers, and acquisitions are common as companies strive to gain a competitive advantage in this rapidly evolving market. Read Full Report :- https://www.meticulousresearch.com/product/virtualized-evolved- packet-core-market-5201 About Meticulous Research® Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia- Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research® Page 5 of 6 © Meticulous Research| sales@meticulousresearch.com

7. Virtualized Evolved Packet Core Market 2024-2031 Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous- research Page 6 of 6 © Meticulous Research| sales@meticulousresearch.com