Virtualized Evolved Packet Core Vepc Market Size, Share, Industry Trends and Forecast to 2030

Virtualized Evolved Packet Core (vEPC) Market Size & CAGR in 2021

The virtualized evolved packet core (vEPC) market is witnessing significant growth in 2021, with a projected Compound Annual Growth Rate (CAGR) of 6.8% from 2021 to 2026. As a result, the market size for vEPC is expected to reach USD 10.5 billion by the end of 2021. The increasing adoption of 5G technology, rising demand for high-speed connectivity, and the need for efficient data management solutions are key factors driving the growth of the vEPC market.

COVID-19 Impact on the Virtualized Evolved Packet Core (vEPC) Market

The COVID-19 pandemic has had a mixed impact on the virtualized evolved packet core (vEPC) market. While the initial months of the pandemic saw a slowdown in the deployment of 5G networks and related technologies, the increasing demand for remote work solutions, telemedicine, and online education has led to a surge in data traffic and the need for robust network infrastructure.

As a result, telecom operators and service providers have accelerated their investments in vEPC solutions to enhance network capacity, improve network performance, and ensure seamless connectivity for users. The shift towards virtualized network functions has become more pronounced during the pandemic, with vEPC emerging as a key technology to support the growing digital ecosystem.

Virtualized Evolved Packet Core (vEPC) Dynamics

The virtualized evolved packet core (vEPC) market is experiencing rapid evolution driven by advancements in 5G technology, the Internet of Things (IoT), and cloud computing. vEPC solutions offer flexibility, scalability, and cost savings compared to traditional hardware-based EPC architectures, making them an attractive option for telecom operators and service providers.

Key dynamics shaping the vEPC market include the increasing demand for high-speed mobile data services, the proliferation of connected devices, the need for network slicing to support diverse use cases, and the growing emphasis on network automation and orchestration. Telecom operators are leveraging vEPC solutions to streamline network operations, improve service agility, and enhance the overall user experience.

Segments and Related Analysis

By Deployment Model:

- On-Premises

- Cloud-Based

By Network Type:

- 4G LTE

- 5G

By End-User:

- Telecom Operators

- Enterprises

By Region:

- North America

- Europe

- Asia Pacific

- Latin America

- Middle East and Africa

By Region Analysis

In 2021, North America dominated the virtualized evolved packet core (vEPC) market with a significant market share. The region's advanced telecom infrastructure, early adoption of 5G technology, and strong presence of key market players have contributed to its leadership position in the vEPC market.

Europe is also projected to witness substantial growth in the vEPC market, driven by increasing investments in 5G networks, government initiatives to promote digital transformation, and the growing demand for high-speed mobile broadband services. The Asia Pacific region is expected to experience rapid adoption of vEPC solutions due to the surge in mobile data consumption, rising demand for IoT devices, and ongoing 5G deployments across the region.

Key Market Players and Competitive Landscape

The virtualized evolved packet core (vEPC) market is highly competitive, with key players focusing on product innovation, strategic partnerships, and acquisitions to gain a competitive edge. Some of the leading companies operating in the vEPC market include:

- Ericsson

- Nokia Corporation

- Huawei Technologies Co., Ltd.

- Cisco Systems, Inc.

- ZTE Corporation

- Samsung Electronics Co., Ltd.

- Mavenir Systems, Inc.

- NEC Corporation

- Affirmed Networks, a Microsoft Company

Recent Happenings in the Virtualized Evolved Packet Core (vEPC) Market

- In March 2021, Ericsson announced the launch of its Cloud Packet Core solution to support 5G network deployments and enable telecom operators to deliver high-performance mobile broadband services.

- In June 2021, Nokia Corporation partnered with AWS to offer cloud-native 4G and 5G core solutions to help service providers accelerate their digital transformation and monetize new business opportunities.

- In September 2021, Huawei Technologies introduced its Cloud Native vEPC solution to enable telecom operators to build agile, scalable, and flexible networks to meet the evolving needs of their customers.

- In December 2021, Cisco Systems collaborated with Microsoft Azure to integrate its vEPC solution with Azure Edge Zones to deliver low-latency, high-performance connectivity services for enterprises and service providers.