How much is the virtualized evolved packet core market worth, and how is it expected to expand?
The virtualized evolved packet core market size has grown rapidly in recent years. It will grow from $6.66 billion in 2024 to $7.9 billion in 2025 at a compound annual growth rate (CAGR) of 18.5%. The growth in the historic period can be attributed to 5G deployment initiatives, 4G LTE expansion, cloud computing growth, regulatory compliance, and increased service innovation.
The virtualized evolved packet core market size is expected to see rapid growth in the next few years. It will grow to $15.41 billion in 2029 at a compound annual growth rate (CAGR) of 18.2%. The growth in the forecast period can be attributed to network function virtualization (NFV) movement, increased SDN integration, telco cloud initiatives, an increase in mobile data traffic, and demand for edge computing. Major trends in the forecast period include 5G network deployment, cloud-native vEPC solutions, hybrid cloud deployments, edge computing integration, and service-oriented architectures.
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Which industry factors have accelerated the virtualized evolved packet core market’s expansion?
The increasing mobile data traffic is expected to propel the growth of the virtualized evolved packet core market going forward. Mobile data traffic refers to the volume of data transmitted over a mobile network. The main factors of mobile data traffic are the proliferation of 4G and 5G networks, the growing popularity of social media and video streaming, and the rising usage of smartphones. Virtualized evolved packet core (vEPC) is essential to managing the increasing mobile data traffic, as it enables network operators to efficiently scale and optimize their networks to handle the growing demand for high-speed data services. For instance, in November 2023, according to a report published by Ericsson, a Sweden-based company, mobile traffic is expected to rise 20%–30% each year for more regions in the next few years. The annual mobile data traffic growth rate is expected to slow down at different paces in different areas up to 2029. Therefore, the increasing mobile data traffic is driving the growth of the virtualized, evolved packet core market.
What are the primary segments of the virtualized evolved packet core market?
The virtualized evolved packet core market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Deployment Mode: Cloud, On-Premises
3) By Application: Long Term Evolution (LTE), Voice Over Long-Term Evolution (VoLTE), Internet Of Things (IoT), Machine-To-Machine (M2M), Most Probable Number (MPN), Mobile Virtual Network Operator (MVNO)
4) By End User: Telecom, Enterprises
Subsegments:
1) By Solutions: Network Function Virtualization (NFV) Solutions, Cloud-Based Evolved Packet Core (EPC) Solutions, Traffic Management Solutions, Security Solutions, Data Analytics Solutions
2) By Services: Consulting Services, Integration Services, Managed Services, Support and Maintenance Services, Training Services
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Which firms are leading the virtualized evolved packet core market?
Major companies operating in the virtualized evolved packet core market are Samsung Electronics Co. Ltd., Dell Technologies Inc., Huawei Technologies Co. Ltd., Intel Corporation, Cisco Systems Inc., Broadcom Inc., Hewlett Packard Enterprise Company, Fujitsu Limited, Tata Consultancy Services Limited, Telefonaktiebolaget LM Ericsson, Nokia Corporation, NEC Corporation, ZTE Corporation, CommScope Holding Company Inc., Keysight Technologies Inc., Juniper Networks Inc., Amdocs Limited, Ciena Corporation, Infinera Corporation, Alcatel-Lucent Enterprise (ALE International SAS), Mavenir Systems Inc., Radisys Corporation, Casa Systems Inc., Affirmed Networks Inc., ASOCS Ltd
How will industry trends affect the trajectory of the virtualized evolved packet core market?
Major companies operating in the virtualized evolved packet core market are developing single packet core (SPC) technology to enhance network efficiency and support seamless connectivity across multiple generations of mobile networks. Single packet core (SPC) technology is a unified system that handles data and voice services across 2G, 3G, and 4G networks, ensuring smooth and efficient network performance. For instance, in August 2024, Huawei Technologies Co. Ltd., a China-based telecommunications equipment and services company, and Orange Egypt Telecommunications SAE, an Egypt-based telecommunications services company, launched the first bare metal container for mobile networks. It is the country’s first bare-metal container for mobile networks, incorporating single packet core (SPC) technology. This cutting-edge product supports 2G, 3G, and 4G networks, offering advanced virtual evolved packet core (vEPC) solutions as part of Egypt’s Vision 2030 infrastructure modernization efforts.
Which geographic trends are shaping the virtualized evolved packet core market, and which region has the highest market share?
North America was the largest region in the virtualized evolved packet core market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the virtualized evolved packet core market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Virtualized Evolved Packet Core Market Report 2025 Offer?
The virtualized evolved packet core market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A virtualized evolved packet core (vEPC) is a mobile network architecture that leverages network function virtualization (NFV) to improve the functions of the evolved packet core (EPC). The EPC is a crucial part of LTE and 5G networks, responsible for managing data traffic, user sessions, quality of service (QoS), and connectivity to the internet and other networks. vEPC architecture allows mobile network operators to efficiently manage and deliver services across various generations of mobile technology, including 4G and 5G, by virtualizing core network functions typically housed in dedicated hardware.
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