Virtualized Evolved Packet Core Market by Component, Network, Deployment Mode, End-User

Description

List of Tables

[184 Pages Report] The Virtualized Evolved Packet Core Market size was estimated at USD 9.00 billion in 2023 and expected to reach USD 10.26 billion in 2024, at a CAGR 14.45% to reach USD 23.16 billion by 2030.

The virtual evolved packet core(vEPC) refers to the framework for virtualizing the functions of the evolved packet core (EPC), which has traditionally been utilized in LTE networks. By harnessing the principles of network functions virtualization (NFV), vEPC enables the core network functions to be run on generic servers rather than on specialized hardware, allowing for greater scalability, flexibility, and efficiency in the management and deployment of network services. Government initiatives to achieve digitalization capabilities in diverse industrial sectors, including telecommunication and network infrastructure, are also gaining traction. However, complexities in integrating vEPC with existing mobile core and back office systems and the possibility of privacy breaches and loss of data security pose hurdles to the widespread adoption of the technology. However, major players are continuously exploring the integration of new technologies such as AI, Ml, and IoT to overcome regulatory and technical challenges. Furthermore, the proliferation of 4G LTE networks and the transition towards 5G can provide new avenues of growth for the industry. With the ability to provide higher throughput, lower latency, and massive device connectivity, 5G deployment serves as a major driver for widening applications of vEPC technology.

KEY MARKET STATISTICS
Base Year [2023]	USD 9.00 billion
Estimated Year [2024]	USD 10.26 billion
Forecast Year [2030]	USD 23.16 billion
CAGR (%)	14.45%

Component: Adoption of various vEPC solutions to improve network reliability

Consulting of vEPC involves qualified experts offering tailored advice to help clients understand, adapt, and implement vEPC solutions to meet specific business goals. This involves a detailed study of the current network infrastructure and designing an optimal vEPC solution. Integration & deployment include facilitating the seamless integration of vEPC into business infrastructures, ensuring minimal disruption to existing operations. This includes the strategic rollout of vEPC components across the network and guaranteeing their compatibility with existing systems. Managed services include the provision of comprehensive management of vEPC solutions, overseeing maintenance, troubleshooting, and periodic updates. This ensures optimal performance and frees clients to focus on their core business operations. Professional services cater to the unique needs of different businesses. One of the main solutions in VePC is the mobility management entity (MME), which handles high-level functionality, such as signaling and session management. It is primarily responsible for tracking and paging procedures, including retransmissions. Home subscriber server (HSS) is critical for storing and managing all subscriber-related information. This includes security and access details for user authentication, facilitating seamless connectivity. The serving gateway (S-GW) acts as a router, directing data traffic across the network. It ensures the continuity of IP data sessions when the user moves to different base stations, enhancing the user experience during handovers. The packet data network gateway (PDN-GW) is accountable for IP address allocation, enforcing quality of service, charging, and packet filtering controls, and maintaining the robustness and stability of mobile network communication.

Network: Rising utility of vEPC in advanced 5G networks

In 4G networks, vEPC technology is often used to replace complex, hardware-dependent legacy networks. It facilitated faster data speeds, lower latency, and improved spectrum efficiency. The vEPC is essentially a framework through which operators control data sessions and manage mobility based on an application's or user's specificity. With the advent of the 5G network, the role of vEPC has further evolved and has transitioned into the 5G core network or 5GC. Operating as the backbone of 5G technology, it helps in managing increased data traffic, nascent IoT devices, and mission-critical applications. It allows service providers to leverage the power of cloud-native functions and microservices architecture. Consequently, this leads to a more flexible, efficient, and fault-tolerant network capable of supporting today's extensive digital connectivity requirements.

Deployment: Rising requirement for cloud deployment of vEPC to achieve scalability and flexibility in business operations

The cloud-based deployment mode is gaining traction due to its scalability, flexibility, and reduced operational costs. Key players in this segment offer vEPC solutions that can be deployed on public, private, or hybrid cloud environments. This approach enables telecom operators to cater to the increasing need for high-speed data services and address the varying demands during peak and off-peak times more effectively. On-premises deployment mode is the traditional approach where the vEPC architecture is installed within the physical premises of the service provider. This model gives operators complete control over their infrastructure and is preferred by those with stringent security requirements. Despite the rise of cloud-based deployments, on-premises vEPC still holds a significant market share, particularly among operators who prioritize data sovereignty and security in their network operations.

End-User: Ongoing R&D initiatives and expansion activities to provide optimum vEPC services to telecom operators

As the primary adopters of vEPC technology, telecommunications operators represent a crucial segment of the end-user market. Operators range from large-scale multinational corporations to local mobile network providers. They leverage vEPC to achieve operational efficiencies, reduce capital expenditure and operational expenditure, and quickly deploy new communication services to customers. Moreover, the flexibility and scalability afforded by vEPC enable these operators to manage growing data traffic and to support a growing array of services, including Internet of Things (IoT) connectivity and 5G networks. Enterprise end-users encompass businesses and organizations across various industries seeking to utilize mobile networks for internal and client-facing operations. With vEPC, enterprises can benefit from having a private mobile network that supports applications such as machine-to-machine (M2M) communication, real-time analytics, and remote monitoring. This facilitates improved efficiency, heightened security, and the professional management of connected devices.

Regional Insights

North America, being a developed market, witnesses higher use and production of virtually evolved packet cores (vEPC), primarily due to advanced technology implementations and dense network infrastructures. Compatibility with 4G LTE and 5G networks has increased vEPC's popularity in the region. Major telecom companies actively involved in vEPC are based in the U.S. and Canada, and South America exhibits a growing trend for vEPC. Asia exhibits a dynamic picture of vEPC use, with rapidly growing economies such as India and China witnessing huge demand due to massive mobile data consumption and infrastructure development. A significant penetration rate of 4G and impending 5G adoption are driving up the vEPC market in the region. Countries such as Japan and South Korea are leading in production capabilities, with some regional companies at the forefront. In Europe, vEPC is extensively utilized due to the proliferation of LTE networks and the emphasis on network virtualization. High-end smartphone usage and the rising need for high-speed data are contributing factors. Western Europe, especially the UK, Germany, and France, show high production rates with the government spearheading the 5G initiative. The rise in data traffic, IoT proliferation, and the advent of 5G are factors encouraging companies to invest heavily in vEPC solutions in the Middle East & Africa.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Virtualized Evolved Packet Core Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Virtualized Evolved Packet Core Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Virtualized Evolved Packet Core Market, highlighting leading vendors and their innovative profiles. These include Athonet S.r.l. by Hewlett Packard Enterprise Company, Cisco Systems, Inc., Cumucore Oy, Druid Software, F5, Inc., Huawei Technologies Co., Ltd., Intel Corporation, IPLOOK Technologies, Juniper Networks, Inc., LEMKO Corporation, Mavenir Systems, Inc., Microsoft Corporation, NEC Corporation, Nokia Corporation, Parallel Wireless, Inc., Polaris Networks by Motorola Solutions, Inc., Radisys Corporation by Jio Infocomm Limited, Red Hat, Inc. by International Business Machines Corporation, Samsung Electronics Co., Ltd., Tech Mahindra Limited, Tecore Inc., Telefonaktiebolaget LM Ericsson, Telrad Networks by Cassava Technologies, VMware, Inc., and ZTE Corporation.

Market Segmentation & Coverage

This research report categorizes the Virtualized Evolved Packet Core Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
- Services
  - Consulting
  - Integration & Deployment
  - Managed Services
  - Professional Services
  - Training & Support

Solutions
- HSS
- MME
- PDN-GW
- S-GW

Network
- 4G Network
- 5G Network

Deployment Mode
- Cloud
- On-Premises

End-User
- Enterprises
- Telecom Operators

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Virtualized Evolved Packet Core Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Virtualized Evolved Packet Core Market?

3. What are the technology trends and regulatory frameworks in the Virtualized Evolved Packet Core Market?

4. What is the market share of the leading vendors in the Virtualized Evolved Packet Core Market?

5. Which modes and strategic moves are suitable for entering the Virtualized Evolved Packet Core Market?

Product Code: MRR-501246437736

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing investments in the digitalization of industries
  - 5.1.1.2. Increasing consumer demand for faster networks worldwide
- 5.1.2. Restraints
  - 5.1.2.1. Complexities in integrating vEPC with existing mobile core and back office systems
- 5.1.3. Opportunities
  - 5.1.3.1. Continuous improvements in virtualized evolved packet core technologies
  - 5.1.3.2. Rising commercialization of 5G network across economies
- 5.1.4. Challenges
  - 5.1.4.1. Rising security and data privacy concerns
5.2. Market Segmentation Analysis
- 5.2.1. Component: Adoption of various vEPC solutions to improve network reliability
- 5.2.2. Network: Rising utility of vEPC in advanced 5G networks
- 5.2.3. Deployment: Rising requirement for cloud deployment of vEPC to achieve scalability and flexibility in business operations
- 5.2.4. End-User: Ongoing R&D initiatives and expansion activities to provide optimum vEPC services to telecom operators
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Virtualized Evolved Packet Core Market, by Component

6.1. Introduction
6.2. Services
6.3. Solutions

7. Virtualized Evolved Packet Core Market, by Network

7.1. Introduction
7.2. 4G Network
7.3. 5G Network

8. Virtualized Evolved Packet Core Market, by Deployment Mode

8.1. Introduction
8.2. Cloud
8.3. On-Premises

9. Virtualized Evolved Packet Core Market, by End-User

9.1. Introduction
9.2. Enterprises
9.3. Telecom Operators

10. Americas Virtualized Evolved Packet Core Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Virtualized Evolved Packet Core Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Virtualized Evolved Packet Core Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Microsoft Launches Azure Operator Nexus 5G Cloud Platform
- 13.3.2. HPE Completes Acquisition of Private 5G Company Athonet
- 13.3.3. Mavenir Raises USD 100 Million of Capital to Accelerate Investments in Strategic Growth Products
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio