The global Virtualized Evolved Packet Core (vEPC) Market is 8.4 billion for 2023 and is expected to be worth USD 19.9 billion by 2028, growing at a CAGR of 18.7% during the forecast period. The deployment of 5G networks and the need for flexible and agile core network solutions is driving the growth of the vEPC market.
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Services segment to grow at higher CAGR during the forecast period
The services segment is expected to grow significantly in the vEPC market during the forecast period. This can be attributed to the increasing demand for professional and managed services to support the deployment and operation of virtualized EPC solutions. Enterprises seek specialized services to ensure a smooth integration, customization, and optimization of vEPC systems within their network infrastructure. Service providers are focusing on offering comprehensive service packages, including consulting, implementation, maintenance, and support, to address the specific requirements of their clients. The growing adoption of vEPC across various industries, such as telecommunications, healthcare, and transportation, is driving the demand for services to enhance network performance, security, and scalability.
Cloud mode of deployment is expected to grow at higher CAGR during the forecast period
This can be attributed to the numerous advantages offered by cloud-based vEPC solutions, including scalability, flexibility, and cost-effectiveness. Enterprises are increasingly adopting cloud deployment models to leverage the benefits of virtualization and cloud computing in their network infrastructure. Cloud-based vEPC enables rapid deployment, easy management, and seamless scalability of network functions, allowing organizations to adapt to changing demands and optimize resource utilization. The cloud deployment model also facilitates centralized management and orchestration, simplifying network operations and enhancing agility. As the demand for efficient and agile network solutions continues to rise, the cloud deployment model is poised to play a pivotal role in driving the growth of the vEPC market.
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The major players in the vEPC market are Nokia (Finland), Ericsson (Sweden), Cisco(US), Huawei (China), ZTE (China), Samsung (South Korea), Affirmed Networks(US), Mavenir(US), NEC(Japan), Athonet(Italy), Cumucore(Finland), Druid Software(Ireland), IPLook (China), Tech Mahindra (India), Parallel Wireless (US), Polaris Networks (US), Xingtera (US), Lemko (US), Tecore(US), and Telrad Networks (Israel).
Mavenir, a leading provider of network software solutions, is making significant strides in the vEPC market. With its innovative approach to virtualized core network solutions, Mavenir offers operators and service providers the flexibility, scalability, and cost-efficiency they need to meet the demands of 4G and 5G networks. Mavenir’s vEPC solution delivers seamless connectivity, low latency, and efficient network management, empowering businesses to unlock the full potential of mobile communications and deliver enhanced services to their customers. With a strong focus on innovation and customer-centric solutions, Mavenir is driving the evolution of the vEPC market and shaping the future of mobile network architectures.
Affirmed Networks, a leading virtualized mobile network solutions provider, plays a crucial role in the vEPC market. With its comprehensive portfolio of vEPC products, Affirmed Networks enables operators to build and scale their mobile networks more efficiently. The company’s vEPC solutions offer advanced features like network slicing, edge computing, and cloud-native architecture, providing operators with the flexibility and agility needed to deliver high-performance connectivity and support emerging technologies. Affirmed Networks’ focus on innovation, reliability, and customer satisfaction positions it as a key player in driving the adoption of vEPC and shaping the future of mobile networks.
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