Virtualized Evolved Packet Core Market

1. Virtualized Evolved Packet Core Market to be Worth $19.87 Billion by 2031

2. Global Virtualized Evolved Packet Core Market– 2024-2031 Meticulous Research®—a leading global market research company, published a research report titled, ‘Virtualized Evolved Packet Core Market by Component (Solutions, Services), Application (LTE, VoLTE, IoT & M2M, MPN & MVNO), Deployment Mode (On-premise, Cloud), End User (Telecom, Enterprises), and Geography - Global Forecast to 2031.’ According to this latest publication from Meticulous Research®, the virtualized evolved packet core market is projected to reach $19.87 billion by 2031, at a CAGR of 19.3% from 2024 to 2031. The growth of the virtualized evolved packet core market is driven by the significant increase in mobile data traffic volumes and the rising demand for high-speed data services. However, the data security risks associated with virtualized evolved packet core infrastructure restrain the growth of this market. Furthermore, increasing investments in 5G technology, the rising adoption of cloud-native 5G core solutions, and the growing adoption of IoT technology are expected to generate growth opportunities for the players operating in this market. However, the reliability of virtualized evolved packet core (vEPC) solutions and misconceptions and a lack of knowledge regarding vEPC solutions are major challenges impacting market growth. Additionally, the integration of edge computing with virtualized evolved packet core technology is a prominent trend in the vEPC market. The virtualized evolved packet core market is segmented by component (solutions [mobility management entity, home subscriber server, serving gateway, packet data network gateway, and policy & charging rules function] and services [professional services {integration services, consulting services, and training & maintenance services} and managed services]), application (Mobile Private Network & Mobile Virtual Network Operators (MPN & MVNO), Long- term Evolution & Voice over Long-term Evolution (LTE & VoLTE), and Internet of Things & Machine to Machine (IoT & M2M)), deployment mode (on-premise deployments and cloud- based deployments), end user (telecom operators, enterprises [BFSI, information technology, travel & consumer, media & entertainment, healthcare, and other enterprises], and other end users), and geography. The study also evaluates industry competitors and analyses the market at the country and regional levels. Based on component, the virtualized evolved packet core market is segmented into solutions and services. In 2024, the solutions segment is expected to account for the larger share of the virtualized evolved packet core market. The segment's large market share is attributed to the increasing need to reduce OPEX and CAPEX, growing mobile data traffic volumes, and the increasing benefits of virtual evolved packet core, such as agility, flexibility, scalability, and low-latency delivery of real-time applications. Furthermore, with the increasing need to enhance network performance for both 5G and 4G customers, several companies are collaborating to launch solutions to test and deliver new 5G and IoT applications at scale more quickly and easily. For instance, in December 2022, T-Mobile USA, Inc. (U.S.) collaborated with Cisco Systems, Inc. (U.S.) to launch the world’s largest highly scalable and distributed nationwide cloud-native converged core gateway. The Un-carrier has moved all its 5G and 4G traffic to the new cloud-native core gateway, which immediately boosted performance for customers with more than 10% improvement in both speed and latency. Page 1 of 5 © Meticulous Research| sales@meticulousresearch.com

3. Global Virtualized Evolved Packet Core Market– 2024-2031 However, the services segment is expected to register the higher CAGR during the forecast period. The growth of this segment is driven by the growing need for vEPC consulting and vEPC solution development and maintenance, the wide adoption of vEPC services across telecom operators, and the growing demand for consulting, training & support, and integration services. Based on application, the virtualized evolved packet core market is segmented into Mobile Private Network & Mobile Virtual Network Operators (MPN & MVNO), Long-term Evolution & Voice over Long-term Evolution (LTE & VoLTE), and Internet of Things & Machine to Machine (IoT & M2M). In 2024, the MPN & MVNO segment is expected to account for the largest share of the virtualized evolved packet core market. The segment's large market share is attributed to the increasing penetration of mobile devices, the rising demand for low-cost mobile services, and the increasing demand for high-speed internet connectivity and improved voice, video, and mobile internet. The growing adoption of vEPC among mobile private network & mobile virtual network operators is helping increase LTE and IMS network revenues through fast and cost-effective deployment. Thus, several companies are focused on launching solutions that can be easily deployed and integrated into any mobile network. For instance, in April 2022, Summa Networks (Spain) partnered with Cirrus Core Networks, Inc. (U.S.) to offer MNOs and MVNOs the most comprehensive and innovative solutions for IaaS fully managed packed core, IMS, content delivery, and applications. However, the IoT & M2M segment is expected to register the highest CAGR during the forecast period. The growth of this segment is driven by the increasing need for remote monitoring of devices, the growing demand for autonomous decision-making decisions and actions based on data analysis without human intervention, the increasing need to monitor and control real- world objects, such as industrial equipment, light switches, thermostats, sensors and actuators, and the rising adoption of IoT & M2M for remote access to industrial assets and their data streams. Based on deployment mode, the virtualized evolved packet core market is segmented into cloud-based deployments and on-premise deployments. In 2024, the on-premise deployments segment is expected to account for the larger share of the virtualized evolved packet core market. The segment’s large market share is attributed to the increasing on- premise deployment of virtualized evolved packet core solutions by large enterprises and the growing demand for on-premise deployments for greater control over virtualized evolved packet core network infrastructure. However, the cloud-based deployments segment is expected to register the higher CAGR during the forecast period. The growth of this segment is driven by the benefits associated with cloud-based deployments, including easy maintenance of customer data, cost- effectiveness, and scalability, the increasing demand for cloud-based vEPC for the use of cloud networks, and the superior flexibility offered by cloud deployments. Page 2 of 5 © Meticulous Research| sales@meticulousresearch.com

4. Global Virtualized Evolved Packet Core Market– 2024-2031 Based on end user, the virtualized evolved packet core market is segmented into telecom operators, enterprises, and other end users. In 2024, the telecom operators segment is expected to account for the largest share of the virtualized evolved packet core market. The segment’s large market share is attributed to the increasing adoption of vEPC solutions among telecom operators to improve latency issues and enhance IT agility, telecom operators’ increasing need to offer better speed and bandwidth connectivity and reliable application services, and the increasing need to reduce operational expenditure (OPEX) and capital expenditure (CAPEX) in the telecom sector. Also, this segment is expected to register the highest CAGR during the forecast period. Furthermore, virtualized evolved packet core solutions help telecom providers enhance network performance, delivery speed, bandwidth, and connectivity, improve end-to-end automation & IT agility, and reduce CapEx and OpEx. Considering the telecom sector’s high potential, prominent players in the VEPC market are formulating strategies to maximize their market shares. For instance, in February 2024, NEC Corporation (Japan) partnered with NTT DOCOMO, Inc. (Japan) as a virtualized radio access network (vRAN) vendor for DOCOMO’s nationwide 5G commercial network services. NEC plans to provide DOCOMO with vRAN for use in creating flexible and highly scalable 5G networks to be operated on the company’s commercial networks. Based on geography, the virtualized evolved packet core market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of the virtualized evolved packet core market. North America’s significant market share can be attributed to the growing adoption of virtualized evolved packet core solutions to enhance network infrastructure, the increasing proliferation of advanced networking and communication technologies, the rising demand for cloud-based services, and government support for developing 5G telecom infrastructure. Additionally, the growing initiatives to develop 5G telecom infrastructure are boosting the demand for virtualized evolved packet core solutions and services. Several companies are partnering to launch 5G capabilities in North America to support 5G Non-standalone (NSA) networks. For instance, in December 2021, Telefonaktiebolaget Lm Ericsson SE (Sweden) partnered with Nex-Tech Wireless (U.S.) to launch Nex-Tech Wireless’s 5G capabilities in rural Kansas. Ericsson has been the primary vendor for Nex-Tech Wireless on their 4G deployments, and the current 5G technologies utilize Ericsson’s 5G Evolved Packet Core, Cloud IMS, and Radio Access Network (RAN) products and solutions to support 5G Non-standalone (NSA) networks in the carrier’s key coverage areas. However, Asia-Pacific is expected to register the highest CAGR during the forecast period. The growth of this regional market is driven by the increasing number of mobile subscribers, the growing mobile data traffic, the rising adoption of network function virtualization solutions and cloud services, the high penetration of mobile devices and smartphones in developing countries, and the growing deployment of 5G-ready cloud core and Network Functions Page 3 of 5 © Meticulous Research| sales@meticulousresearch.com

5. Global Virtualized Evolved Packet Core Market– 2024-2031 Virtualization Infrastructure (NFVI) solutions. Additionally, Asia-Pacific is at the center of the strategic growth plans of several leading players operating in the virtualized evolved packet core market. For instance, in August 2021, Asia-Pacific Telecom Co Ltd (APT) selected Ericsson AB (Sweden) to modernize the nationwide LTE network in Taiwan with Ericsson’s 5G Non- Standalone (NSA) Multi-Operator Core Network. Key Players The key players operating in the virtualized evolved packet core market are Cisco Systems, Inc. (U.S.), Telefonaktiebolaget Lm Ericsson SE (Sweden), Huawei Technologies Co., Ltd. (China), Samsung Electronics Co., Ltd. (South Korea), Nokia Corporation (Finland), Affirmed Networks (a subsidiary of Microsoft Corporation) (U.S.), Mavenir Systems, Inc. (U.S.), ZTE Corporation (China), F5 Inc. (U.S.), NEC Corporation (Japan), IPLOOK Networks (Hong Kong) Co., Limited (Hong Kong), Parallel Wireless, Inc. (U.S.), Polaris Networks (a subsidiary of Motorola Solutions, Inc.) (U.S.), Athonet S.r.l. (a subsidiary of Hewlett Packard Enterprise) (Italy), Intel Corporation (U.S.), Tecore Networks (U.S.), Lemko Corporation (U.S.), and Metaswitch Networks Ltd (a subsidiary of Microsoft Corporation) (U.K.). Download @ https://www.meticulousresearch.com/download-sample- report/cp_id=5201 Sample Report Here Key Questions Answered in the Report: •Which are the high-growth market segments in terms of component, application, deployment mode, and end user? •What is the historical market size for the global virtualized evolved packet core market? •What are the market forecasts and estimates for 2024–2031? •What are the major drivers, restraints, opportunities, challenges, and trends in the global virtualized evolved packet core market? •Who are the major players in the global virtualized evolved packet core market, and what are their market shares? •What is the competitive landscape like? •What are the recent developments in the global virtualized evolved packet core market? •What are the different strategies adopted by major market players? •What are the trends and high-growth countries? •Who are the local emerging players in the global virtualized evolved packet core market, and how do they compete with the other players? Page 4 of 5 © Meticulous Research| sales@meticulousresearch.com

6. Global Virtualized Evolved Packet Core Market– 2024-2031 Contact Meticulous Email- sales@meticulousresearch.com Contact Connect with us on research Us: Research® Sales- +1-646-781-8004 LinkedIn- https://www.linkedin.com/company/meticulous- Page 5 of 5 © Meticulous Research| sales@meticulousresearch.com