Virtualized Evolved Packet Core (vEPC) Market to grow by USD 72,902.49 million from 2022 to 2027; The rising use of multimedia services to boost growth-Technavio

NEW YORK, Aug. 10, 2023 /PRNewswire/ -- The virtualized evolved packet core (vEPC) market size is expected to grow by USD 72,902.49 million from 2022 to 2027, progressing at a CAGR of 59.5% as per the latest Technavio market research report. North America is going to have lucrative growth during the forecast period. North America is estimated to account for 36% of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The vEPC market in North America is experiencing significant growth due to several factors, including a well-developed telecommunications infrastructure and widespread mobile network usage. The rising adoption of 4G and 5G networks, along with the increasing demand for efficient mobile data management and network virtualization, is also propelling the market in the region. Major technology vendors and telecommunication service providers are among the key players in this market. The growing need for advanced mobile network infrastructure and virtualization technologies is driving the demand for virtualized evolved packet core solutions in North America. With the continuous adoption of 4G and 5G networks and the increasing demand for mobile data services, the vEPC market in North America is expected to witness further growth during the forecast period. For more insights on the market share of various regions- Download sample report in MINUTES

Virtualized Evolved Packet Core (vEPC) Market: Rising Use of multimedia services to drive growth

The rising use of multimedia services is a major factor notably driving market growth. The use of multimedia services, which includes watching, reading, streaming, and posting media content, has witnessed a significant increase. In 2022, people spent an average of 147 minutes per day on social media, a substantial 63% increase from 2012. The accessibility of multimedia services on mobile devices and the growing availability of on-demand content contribute to this trend. With approximately 64.4% of the global population having Internet access in 2022, the consumption of multimedia services continues to surge, leading to a rise in mobile data traffic. As a result, network operators are adopting vEPC to expand their bandwidth and offer better LTE services for smartphones. The increasing use of multimedia services is expected to be a driving force behind the growth of the global vEPC market during the forecast period.

Virtualized Evolved Packet Core (vEPC) Market: Deployment of 5G Infrastructure 

The deployment of 5G infrastructure is an emerging market trend. In recent times, the telecommunication industry has experienced significant technological advancements, with 5G being one of the major breakthroughs. The growing data traffic, fueled by the adoption of technologies like the Internet of Things (IoT), has motivated Mobile Network Operators (MNOs) to deploy 5G infrastructure. Within the architecture of 5G networks, software-defined air interfaces play a crucial role. This next-generation technology promises faster data transfer rates and the ability to provide network services on demand. To efficiently manage radio resources and enhance network capacity, MNOs worldwide are expected to implement virtualized Evolved Packet Core (vEPC). For instance, Equinix Inc. expanded its Dallas Infomart Data Center campus, unveiling a new International Business Exchange data center and launching a 5G and Edge Proof of Concept Center (POCC) in June 2020. These developments are anticipated to drive the growth of the global vEPC market throughout the forecast period.

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Some of the key Virtualized Evolved Packet Core (vEPC) Market Players:

The virtualized evolved packet core (vEPC) market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Athonet Srl, Cassava Technologies, Cisco Systems Inc., Cumucore Oy, Druid Software, Huawei Technologies Co. Ltd., International Business Machines Corp., IPLOOK Technologies, Mavenir Systems Inc., Microsoft Corp., Mitel Networks Corp., Motorola Solutions Inc., NEC Corp., Nokia Corp., Parallel Wireless Inc., Samsung Electronics Co. Ltd., Tech Mahindra Ltd., Telefonaktiebolaget LM Ericsson, Twilio Inc., and ZTE Corp.

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Virtualized Evolved Packet Core (vEPC) Market: Segmentation Analysis

This virtualized evolved packet core market report extensively covers market segmentation by component (solutions and services), application (LTE/VoLTE/ VoWiFi, MPN and MVNO, IoT and M2M, and BWA), and geography (North America, APAC, Europe, Middle East and Africa, and South America).

• The market share growth by the solutions segment will be significant during the forecast period. The solutions segment in the vEPC market comprises a diverse range of software and hardware offerings provided by vendors to facilitate the deployment and operation of virtualized Evolved Packet Core networks. These solutions encompass various components and functionalities that support the virtualization and management of the core network infrastructure. They play a vital role in controlling, managing, and processing subscriber traffic and services effectively. The segment is constantly evolving, with vendors continuously enhancing features, scalability, and compatibility to keep up with emerging network technologies like 5G and network slicing. The focus is on delivering comprehensive and flexible solutions tailored to the specific needs of mobile operators, empowering them to build agile, scalable, and efficient core network infrastructure. These factors are expected to propel the growth of the solutions segment in the global vEPC market during the forecast period.

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary ? Chart on Market Overview
• Exhibit 02: Executive Summary ? Data Table on Market Overview
• Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
• Exhibit 04: Executive Summary ? Chart on Market by Geography
• Exhibit 05: Executive Summary ? Chart on Market Segmentation by Component
• Exhibit 06: Executive Summary ? Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary ? Chart on Incremental Growth
• Exhibit 08: Executive Summary ? Data Table on Incremental Growth
• Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global virtualized evolved packet core (vEPC) market 2017 - 2021 
• Exhibit 18: Historic Market Size ? Data Table on global virtualized evolved packet core (vepc) market 2017 - 2021 ($ million)

• 4.2 Component Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size ? Component Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size ? Application Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size ? Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size ? Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers ? Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers ? Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants ? Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes ? Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry ? Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Component

• 6.1 Market segments 
• Exhibit 30: Chart on Component - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Component - Market share 2022-2027 (%)

• 6.2 Comparison by Component 
• Exhibit 32: Chart on Comparison by Component
• Exhibit 33: Data Table on Comparison by Component

• 6.3 Solutions - Market size and forecast 2022-2027
• Exhibit 34: Chart on Solutions - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Solutions - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Solutions - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Solutions - Year-over-year growth 2022-2027 (%)

• 6.4 Services - Market size and forecast 2022-2027
• Exhibit 38: Chart on Services - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Services - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Services - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Services - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Component 
• Exhibit 42: Market opportunity by Component ($ million)
• Exhibit 43: Data Table on Market opportunity by Component ($ million)

7 Market Segmentation by Application

• 7.1 Market segments 
• Exhibit 44: Chart on Application - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 46: Chart on Comparison by Application
• Exhibit 47: Data Table on Comparison by Application

• 7.3 LTE/VoLTE/VoWiFi - Market size and forecast 2022-2027
• Exhibit 48: Chart on LTE/VoLTE/VoWiFi - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on LTE/VoLTE/VoWiFi - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on LTE/VoLTE/VoWiFi - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on LTE/VoLTE/VoWiFi - Year-over-year growth 2022-2027 (%)

• 7.4 MPN and MVNO - Market size and forecast 2022-2027
• Exhibit 52: Chart on MPN and MVNO - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on MPN and MVNO - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on MPN and MVNO - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on MPN and MVNO - Year-over-year growth 2022-2027 (%)

• 7.5 IoT and M2M - Market size and forecast 2022-2027
• Exhibit 56: Chart on IoT and M2M - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on IoT and M2M - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on IoT and M2M - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on IoT and M2M - Year-over-year growth 2022-2027 (%)

• 7.6 BWA - Market size and forecast 2022-2027
• Exhibit 60: Chart on BWA - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on BWA - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on BWA - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on BWA - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Application 
• Exhibit 64: Market opportunity by Application ($ million)
• Exhibit 65: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 67: Chart on Market share by geography 2022-2027 (%)
• Exhibit 68: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 69: Chart on Geographic comparison
• Exhibit 70: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027
• Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027
• Exhibit 103: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027 
• Exhibit 107: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 111: Market opportunity by geography ($ million)
• Exhibit 112: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 113: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 115: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 116: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 117: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 118: Matrix on vendor position and classification

• 12.3 Athonet Srl 
• Exhibit 119: Athonet Srl - Overview
• Exhibit 120: Athonet Srl - Product / Service
• Exhibit 121: Athonet Srl - Key offerings

• 12.4 Cassava Technologies 
• Exhibit 122: Cassava Technologies - Overview
• Exhibit 123: Cassava Technologies - Product / Service
• Exhibit 124: Cassava Technologies - Key offerings

• 12.5 Cisco Systems Inc. 
• Exhibit 125: Cisco Systems Inc. - Overview
• Exhibit 126: Cisco Systems Inc. - Business segments
• Exhibit 127: Cisco Systems Inc. - Key news
• Exhibit 128: Cisco Systems Inc. - Key offerings
• Exhibit 129: Cisco Systems Inc. - Segment focus

• 12.6 Cumucore Oy 
• Exhibit 130: Cumucore Oy - Overview
• Exhibit 131: Cumucore Oy - Product / Service
• Exhibit 132: Cumucore Oy - Key offerings

• 12.7 Huawei Technologies Co. Ltd. 
• Exhibit 133: Huawei Technologies Co. Ltd. - Overview
• Exhibit 134: Huawei Technologies Co. Ltd. - Business segments
• Exhibit 135: Huawei Technologies Co. Ltd. - Key news
• Exhibit 136: Huawei Technologies Co. Ltd. - Key offerings
• Exhibit 137: Huawei Technologies Co. Ltd. - Segment focus

• 12.8 International Business Machines Corp.
• Exhibit 138: International Business Machines Corp. - Overview
• Exhibit 139: International Business Machines Corp. - Business segments
• Exhibit 140: International Business Machines Corp. - Key news
• Exhibit 141: International Business Machines Corp. - Key offerings
• Exhibit 142: International Business Machines Corp. - Segment focus

• 12.9 IPLOOK Technologies 
• Exhibit 143: IPLOOK Technologies - Overview
• Exhibit 144: IPLOOK Technologies - Product / Service
• Exhibit 145: IPLOOK Technologies - Key offerings

• 12.10 Mavenir Systems Inc. 
• Exhibit 146: Mavenir Systems Inc. - Overview
• Exhibit 147: Mavenir Systems Inc. - Product / Service
• Exhibit 148: Mavenir Systems Inc. - Key offerings

• 12.11 Microsoft Corp. 
• Exhibit 149: Microsoft Corp. - Overview
• Exhibit 150: Microsoft Corp. - Business segments
• Exhibit 151: Microsoft Corp. - Key news
• Exhibit 152: Microsoft Corp. - Key offerings
• Exhibit 153: Microsoft Corp. - Segment focus

• 12.12 NEC Corp. 
• Exhibit 154: NEC Corp. - Overview
• Exhibit 155: NEC Corp. - Business segments
• Exhibit 156: NEC Corp. - Key news
• Exhibit 157: NEC Corp. - Key offerings
• Exhibit 158: NEC Corp. - Segment focus

• 12.13 Nokia Corp. 
• Exhibit 159: Nokia Corp. - Overview
• Exhibit 160: Nokia Corp. - Business segments
• Exhibit 161: Nokia Corp. - Key offerings
• Exhibit 162: Nokia Corp. - Segment focus

• 12.14 Samsung Electronics Co. Ltd. 
• Exhibit 163: Samsung Electronics Co. Ltd. - Overview
• Exhibit 164: Samsung Electronics Co. Ltd. - Business segments
• Exhibit 165: Samsung Electronics Co. Ltd. - Key news
• Exhibit 166: Samsung Electronics Co. Ltd. - Key offerings
• Exhibit 167: Samsung Electronics Co. Ltd. - Segment focus

• 12.15 Telefonaktiebolaget LM Ericsson 
• Exhibit 168: Telefonaktiebolaget LM Ericsson - Overview
• Exhibit 169: Telefonaktiebolaget LM Ericsson - Business segments
• Exhibit 170: Telefonaktiebolaget LM Ericsson - Key news
• Exhibit 171: Telefonaktiebolaget LM Ericsson - Key offerings
• Exhibit 172: Telefonaktiebolaget LM Ericsson - Segment focus

• 12.16 Twilio Inc. 
• Exhibit 173: Twilio Inc. - Overview
• Exhibit 174: Twilio Inc. - Product / Service
• Exhibit 175: Twilio Inc. - Key offerings

• 12.17 ZTE Corp. 
• Exhibit 176: ZTE Corp. - Overview
• Exhibit 177: ZTE Corp. - Business segments
• Exhibit 178: ZTE Corp. - Key news
• Exhibit 179: ZTE Corp. - Key offerings
• Exhibit 180: ZTE Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 181: Inclusions checklist
• Exhibit 182: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 183: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 184: Research methodology
• Exhibit 185: Validation techniques employed for market sizing
• Exhibit 186: Information sources

• 13.5 List of abbreviations 
• Exhibit 187: List of abbreviations

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio