Global Virtualized Evolved Packet Core (VEPC) Market Size By Component (Solutions, Services), By Application (LTE, VoLTE, and VoWiFi, IoT and M2M, MPN and MVNO, and BWA), By End-User (Telecom Operators, Enterprises), By Geographic Scope And Forecast
Virtualized Evolved Packet Core (VEPC) Market Size And Forecast
According to Verified Market Research, the Global Virtualized Evolved Packet Core (VEPC) Market was valued at USD 3.91 Billion in 2020 and is projected to reach USD 20.02 Billion by 2028, growing at a CAGR of 22.76% from 2021 to 2028.
The Virtualized Evolved Packet Core (VEPC) Market report provides a holistic evaluation of the market for the forecast period. The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Virtualized Evolved Packet Core (VEPC) Market study provides an outlook on the development of market in terms of revenue throughout the prognosis period.
Global Virtualized Evolved Packet Core (VEPC) Market Outlook
The rise in the number of LTE subscribers, the ongoing development of 5G infrastructure, growth in need to provide better customer service, and rise in focus on measuring service quality and performance drives the growth of this virtualized evolved packet core market. Some of the key benefits of a Virtual Evolved Packet Core (vEPC) framework include network cost reduction, improvement in network architecture flexibility, enhanced and faster delivery services, and increased automation. vEPC consolidates packet core services in a virtualized cloud solution. The large number of vEPC solutions offered in the market are hardware and hypervisor independent, extracting the solution from the physical layer and hypervisor, thereby giving operators greater freedom to choose the design of their packet core. With virtualized EPC, capacity can be added along with the network intelligence to keep up with the growing demand for advance mobile data applications. Some of the key use cases of Virtualized Evolved Packet Core solutions are Broadband Wireless Access, LTE, VoLTE, Internet of Things (IoT), M2M, and VOWi-Fi.
This report provides an all-inclusive environment of the analysis for the Virtualized Evolved Packet Core (VEPC) Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political and economic factors along with the current market dynamics affecting the Virtualized Evolved Packet Core (VEPC) Market growth.
Along with the market overview, which comprises of the market dynamics the chapter includes a Porter’s Five Forces analysis which explains the five forces: namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the Virtualized Evolved Packet Core (VEPC) Market. It explains the various participants, such as system integrators, intermediaries and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Virtualized Evolved Packet Core (VEPC) Market.
Global Virtualized Evolved Packet Core (VEPC) Market: Segmentation Analysis
The Global Virtualized Evolved Packet Core (VEPC) Market is segmented based on Component, Application, End-User, and Geography.
Global Virtualized Evolved Packet Core (vEPC) Market Competitive Landscape
The Global Virtualized Evolved Packet Core (VEPC) Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Affirmed Networks, Ericsson, Huawei Technologies, Mavenir, ZTE Corporation, Cisco Systems, NEC Corporation, Nokia Corporation, Samsung, Athonet Srl.
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