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Virtualized Evolved Packet Core Market Trends 2018 and Industry Forecast 2023
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Global Virtualized Evolved Packet Core Market Research Report– By Component (Solution, Services), By Deployment (On-Cloud, On-Premise), By Use Case (Lte, Iot And M2m, Mpn And Mvno), By End-Users (Enterprises, Telecom Operators) – Forecast Till 2023
In the area of 4G LTE (Long Term Evolution) networks, there is a necessity for virtualizing the core functions to combine voice and data networks. To reconcile these networks, a framework known as virtualized evolved packet core (vEPC) is helpful which can run on individual components such as hardware and software which are operated on low-cost COTS (low-cost commercial off the shelf) servers. VEPC helps in lowering operational and capital expenditures by minimizing dependency on hardware and by increasing speed service delivery. With the implementation of vEPC, mobile providers can mix the individual network components as per the needs of the customers.
The progression of the Internet of Things (IoT), rapid growth in data traffic by usage of smartphones and popularity of online videos are the significant drivers of the global virtualized evolved packet core market. The curtailing of operational and capital expenditures are fuelling the market growth. Virtualized evolved packet core helps in combining 4G, 3G, 2G, and small cell networks into a single solution which can be provided as virtualized services thereby reducing the cost of operation by 30 to 40%. The vEPC can be easily controlled or tacked even it is dispersed in different networks or different geographies.
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The global virtualized evolved packet core market is segmented into component, deployment, use case, end-users, and region. On the basis of component, the segment is further classified into solution and services. The solutions are mobility management entity (MME), home subscriber server (HSS), server gateway (SGW), packet data network gateway (PDN GW) and others. The services are further classified into professional services and managed services. On the basis of deployment the segment is further classified into on-cloud and on-premise. On the basis of use case, the segment is further classified into broad band wireless access (BWA), LTE & VOLTE, IoT & M2M, MPN & MVNO and others. The end users of virtualized evolved packet core market are enterprises and telecom operators.
- On February 28,2018 VMware Inc., a subsidiary of Dell technologies and provider of cloud computing and platform virtualization software and services, demonstrated company’s portfolio offerings to chart their service to 5G for communication service providers.
- In November 2018, Radisys Corporation, the global leader in open telecom solutions partnered with Mavenir to enable communication service providers to deploy M-CORD (Mobile Central Office Re-architected as a Datacentre) as a public reference solution.
The global Virtualized Evolved Packet Core Market is studied for North America, Europe, Asia Pacific and Rest of the World. North America holds the dominant market share for global virtualized evolved packet core market. The presence of significant key players in the region, the rise in usage of the Internet of Things (IoT), and Machine to Machine communication (M2M) are driving the market in the region. The commercial use of 3.5Hz band which is known as Citizens Broadband Radio Service (CBRS) is fuelling the market growth. Europe holds a significant market share for global virtualized evolved packet core. Germany holds the highest market share among others. Owing to the deployment of vEPC among enterprises and Internet of Things (IoT) are driving the market in this region.
Asia Pacific region is anticipated to show strategic growth rate during the forecast period. The migration of enterprises and operators from EPC to vEPC technology is majorly driving the market. The rise in usage of mobile broadband, enterprise core, and VOLTE and Wi-Fi calling are fuelling the market growth.
Some of the key players in global virtualized evolved packet core market are Affirmed Networks (U.S.), Ericsson (Sweden), Huawei Technologies (China), Mavenir (U.S.), ZTE Corporation (China), Athonet (Italy), Cisco Systems (U.S.), NEC Corporation (Japan), Nokia Corporation (Finland), Samsung Electronics (South Korea), ExteNet Systems (U.S.), Telrad Networks (Israel), and Core Network Dynamics (Germany) among others.
- Virtualized EPC vendors
- System integrators
- Telecom equipment providers
- Mobile Network Operators (MNOs)
- Mobile Virtual Network Operators (MVNOs)
- Government telecom regulatory authorities
- Cloud service providers
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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