Virtualized Evolved Packet Core Market Insights
The virtualized evolved packet core market is expected to grow at an exponential CAGR over the forecast period. The usage for network virtualization will allow telecommunication companies to deliver new and innovative services at high speeds and with low cost. The upcoming 5G network is also anticipated to augment market growth.
Virtualized evolved packet core reduces backhaul and interconnect costs, thereby decreasing the network resources idle time and handing networking traffic. The need for flexible and elastic networks that can handle traffic efficiently is projected to positively impact market demand. Demand for mobility and reliable connectivity from the healthcare, BSFI, automotive, and retail sector is expected to foster market demand over the coming years. The evolving cloud and big data analytics industry will have a positive impact on the vEPC.
Virtualized Evolved Packet Core Market: Application Insights
The virtualized evolved packet core market is segmented on the basis of applications into smartphones & tablets, wearable devices, M2M Communications, automotives, healthcare, and others. The evolving Internet of Things industry is expected to foster demand for virtualized evolved packet core. Virtualized evolved packet core improves scalability and resource management between M2M communications.
Virtualized Evolved Packet Core Market: Regional Insights
The demand for virtual evolved packet cores is expected to grow at an exceptional high CAGR in the Asia Pacific region. The market has experienced high demand for data services and capital expenditure on improving 3G and 4G infrastructures in countries such as Thailand, Indonesia, China, and India. Increasing data consumption and smart penetration across the region is also anticipated to augment market growth over the coming years.
The market is also expected to experience high demand in the North American and European region on account of high voice and data plan subscriptions. Some of the trusted telecom operators in North America include AT&T, Verizon Communications Inc., and Sprint. New network subscriptions in the Central & South American and Middle Eastern & African market are also anticipated to augment market growth over the forecast period.
Virtualized Evolved Packet Core Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Virtualized Evolved Packet Core Market: End-Use Landscape
The report provides a detailed list of end-users operating across the world. The end-user landscape includes consumer contact details, geographical presence, revenue, product portfolio, organic and inorganic growth strategies among others. Some of the companies who are likely to use virtualized evolved packet core include Verizon Communications Inc., Vodafone Group plc, and AT&T Inc. among others.
Virtualized Evolved Packet Core Market Share & Competitor Analysis
Some of the prominent companies in the market include Adax Solutions, Affirmed Network, Airspan, Aricent, Cisco, Ericsson, Fujitsu, General Dynamics Broadband, Huawei, Juniper, NEC, Nokia Networks, Redline Communication, Samsung, Tecore Networks, Mavenir Systems, Inc., and ZTE among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In August 2015, Samsung Electronics Co., Ltd. deployed its virtualized AdaptiV Core solution for SK Telecom. In August 2017, Mavenir Systems, Inc. acquired the virtual evolved packet core (vEPC) business from Brocade Communications Systems, Inc. In November 2017, Radisys Corporation partnered with Mavenir Systems, Inc. to integrate Mavenir’s vEPC into its M-CORD open reference solution.
The global Virtualized Evolved Packet Core Market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Virtualized Evolved Packet Core Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies, and customer analytics.