Virtualized Evolved Packet Core (vEPC) Market Size

Virtualized Evolved Packet Core Market Analysis

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.