Virtualized Evolved Packet Core (vEPC) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Market Overview

The virtualized evolved packet core market is expected to register a CAGR of 52% over the forecast period (2021-2026). A virtualized evolved packet core refers to a framework that helps the convergence of voice and data on 4G and 5G networks. Growth in the market is primarily attributable to the potential of vEPC and promotion of high-quality mobile services because of it.

• Due to the rapid increase in the number of mobile long-term evolution (LTE) subscribers across the globe, the vEPC market is growing at a fast pace. Enterprises are adopting vEPC, and it is expected to trigger the growth of the vPEC market in the upcoming years.
• Development of 5G infrastructure is driving the virtualized evolved packet core market. There have been many new advances in technology, such as 5G in the telecommunication industry. Due to increasing data traffic, the use of technologies such as IoT is encouraging MNOs to deploy 5G infrastructure. 5G will enable faster data transfer and provisioning of network services on demand. Thus, MNOs across the world are expected to implement vEPC to enhance their networks to utilise radio resources and increase their network capacity efficiently.
• The factor responsible for hindering the growth of the market is the reluctance in transiting from legacy infrastructure to virtualization.
• Companies are implementing vEPC for enterprise data centre networks. The rising deployment of vEPC by telecommunication operators is also encouraging enterprise cloud and ISPs for adopting vEPC. The implementation of vEPC is mostly taking place for improving the flexibility of cloud-based services while increasing the focus on network virtualization by enterprises.

Scope of the Report

Virtualized evolved packet core is a framework used for virtualizing the functions required to converge voice and data on 4G Long-term evolution networks. It supports 2G, 3G, non-3GPP standards, wireless broadband, and the 5G core network. It is a mobile-core network system that accommodates LTE access systems and it is powered by a carrier-grade virtualization platform and software-defined networking (SDN) technology.

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Key Market Trends

IoT & M2M Expected to Have Significant Growth

• IoT and M2M services segment is expected to have significant growth during the forecast period. vEPC has been deployed in the IoT packet core network by various mobile operators. vEPC solution providers are also preparing NFV solution for IoT cellular network. By implementing the vEPC solution in IoT core network enables, it becomes easy for the operator to bring superior connectivity for M2M devices and explore new services for customers.
• IoT and M2M will be the most significant opportunity for vEPC solution providers in the upcoming years due to the increasing number of deployments done by telecom operators in the North American, APAC, and MEA regions.
• vPEC enables IoT opportunities for various mobile operators. IoT applications have very different network requirements than the smartphone and tablets that predominate in the current networks.
• AT&T makes use of vPEC to fuel European IoT business. The company has a virtualized evolved packet core (vEPC) network to handle its growing Internet of Things (IoT) traffic in Europe. That IoT traffic is primarily from General Motor’s OnStar service, which AT&T powers in selected European countries.

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