Dublin, July 06, 2023 (GLOBE NEWSWIRE) -- The "Virtual Evolved Packet Core (vEPC): Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Virtual Evolved Packet Core (vEPC) estimated at US$5.4 Billion in the year 2022, is projected to reach a revised size of US$26.2 Billion by 2030, growing at a CAGR of 22% over the analysis period 2022-2030.
Solutions, one of the segments analyzed in the report, is projected to record 20.9% CAGR and reach US$17.2 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 24.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 25.5% CAGR
The Virtual Evolved Packet Core (vEPC) market in the U.S. is estimated at US$1.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2030 trailing a CAGR of 25.5% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.6% and 20.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 20% CAGR.
Select Competitors (Total 35 Featured) -
- Affirmed Networks, Inc.
- Athonet srl
- Cisco Systems, Inc.
- Huawei Technologies Co., Ltd.
- Mavenir
- NEC Corporation
- Nokia Corporation
- Samsung Electronics Co., Ltd.
- Telefonaktiebolaget LM Ericsson
- ZTE Corporation
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 375 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $5.4 Billion |
| Forecasted Market Value (USD) by 2030 | $26.2 Billion |
| Compound Annual Growth Rate | 21.8% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Virtual Evolved Packet Core (vEPC) - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of COVID-19 Pandemic and a Looming Global Recession
- Telecom Sector: A Critical Support System for COVID-19 Crisis Management
- Growing Focus on Connectivity Spells Bright Long-term Future for the Telecom Sector
- COVID-19 Storm Decelerates Progress Related to Virtual Evolved Packet Cores
- An Introduction to Virtual Evolved Packed Core (vEPC)
- Networking Moves Beyond EPC to Virtual EPC in Grander Way for Intriguing Benefits
- Global Market Prospects & Outlook
- Competition
- Global Virtual Evolved Packed Core (vEPC) Market: Competitor Share Breakdown (in %) for 2020E
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Virtualized EPC (vEPC): A Mobile Core Network Approach Enabling Support for Rising Mobile Traffic
- Significant Benefits of vEPC to Drive Market Opportunities
- Growing Demand for High-Speed Data Services and Surging Data Volumes on Mobile Devices to Bolster vEPC Market
- Global Internet Usage: Number of Internet Users (in Billion) and Internet Penetration Rate (in %) for the Years 2015 through 2019
- Rapid Growth of Mobile Network Data Traffic Gives Rise to Demand for vEPC
- Global Mobile Data Traffic in EB/Month for the Year 2015, 2017, 2019, 2021, 2023 and 2025
- Global Mobile Internet Market (2020): Percentage Breakdown of Revenues by Data Service Category Mobile Internet Category Revenue Composition (in %)
- Breakdown of Network Latency (in Milliseconds) by Network Type
- Rising Penetration of Smartphones Drives Growth of Mobile Network Traffic
- Smartphone Penetration Rate as Share of Total Population: 2016-2020
- Global Mobile Data Traffic Per Smartphone (in GB per Month) by Region/Country for 2019 and 2025
- Expanding 4G LTE Mobile Subscriber Base Bodes Well for vEPC Market
- Global 4G LTE Market Size (in US$ Billion) for the Years 2018, 2020, 2022 & 2024
- Global Number of Mobile 4G LTE Subscriptions (in Million) for 2017, 2019, 2021, 2023 & 2025
- 4G Technology as % of Mobile Networks by Region for 2019 and 2025
- Global Mobile Connections by Network Type (in %) for 2019 and 2025
- vEPC Solutions Enable MNOs to Benefit from Emerging Opportunities in the IoT Space
- Global Number of IoT Connected Devices (In Billion Units) for the Years 2016, 2018, 2020, 2022 & 2025
- Virtual EPC to Facilitate Customized Slicing of 5G Network for IoT Services
- Need to Build 5G Ready Mobile Networks Turns Focus onto vEPC
- 5G Smartphone Sales in Million Units: 2019-2022
- COVID-19 Crisis Adversely Impacts Evolution of 5G
- NFV for Efficient 5G Rollouts and Operations
- Potential for Commercial 5G Services & Private 4G/5G Services to Boost Market Prospects
- Global Private LTE Market Size (in US$ Billion) for the Years 2020, 2022, 2024 and 2026
- Availability of Shared and Unlicensed Spectrum to Drive Future Market Gains
- Cloud Native and Service-based Architecture Augur Well for vEPC
- Differentiated 4G Services via Network Slicing: Potential for vEPC Market
- Prominent Trends Shaping Overall Journey of Network Function Virtualization
- Deployment of NFV in Cloud-Native Containers
- Multi-Access Edge Computing (MEC) Promises Opportunities for vEPC Market
- Global Mobile Edge Computing Market Size (in US$ Thousand) by Region/Country for 2020 and 2027
- DPI & Virtual EPC: A Powerful Blend of Agility & Intelligence for Network Monetization
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/qxrwbt
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