Published: Apr, 2018

The international market for virtual evolved packet core is forecasted to rise at a growth rate of 36.3% over the timeframe of forecast that extends from the year 2018 to the year 2026. In accordance with a report by Transparency Market Research (TMR), the international market for virtual evolved packet core is expected to be influenced by a wide range of industry-specific and macroeconomic factors. The world market for virtual evolved packet core market was valued at around US$ 969.9 Mn in the year 2017 and is prognosticated to register a double digit growth of 36.3% CAGR over the timeframe of forecast that extends from the year 2018 to the year 2026.

The key market players that have been profiled in the international market for virtual evolved packet core comprise eminent names such as ng4T GmbH, Affirmed Networks, ZTE Corporation, Ericsson AB, Cisco Systems, Inc., Mavenir, Huawei Technologies Co., Ltd., Nokia Corporation, NEC Corporation, and Intel Corporation.

virtual-evolved-packet-core-market.jpgNorth America to Lead the Market over the Period of Forecast

Taking regional segmentations into consideration, the global market for virtual evolved packet core has been divided into the regions of Latin America, North America, Middle East and Africa, Asia-Pacific, and Europe. North America has accumulated highest share of revenue in the year 2017 owing to easy adoption of 4G technology. With the increase in the utilization of virtual evolved packet core, various vEPC services and solutions services providers in the region of North America are collaborating with each other and emphasizing on offering many different advanced technology solutions to its consumers. In the region of Europe, numerous players are establishing partnerships so as to deploy vEPC on a large scale in a bid to deliver the service throughout the region. European region is expected to experience substantial rate of growth over the period of forecast. In the region of Asia Region, the demand for virtual evolved packet core solutions is projected to remain concentrated in countries India and China, due to a larger base of consumer in the said region. India is expected to expand at a substantial CAGR in various countries of Asia Pacific region over the period of forecast due to the increasing number of LTE subscribers and rising dependency on the internet.

Advancement in Networking Technologies to Encourage the Market Growth

Soaring demand for elastic and flexible networks, phenomenal penetration of smart phone, and increased number of LTE subscribers has augmented growth and penetration of virtual evolved packet core market across the globe. Rising demand for operational expenditure (OpEx) and savings in capital expenditure (CapEx), increased adoption of virtual evolved packet core solution by enterprises has further impacted the market positively. Rising demand of consumers for high speed data networks so as to ensure reliable mobility and connectivity has further bolstered the demand for solutions of virtual evolved packet core. Several advancements in the industry of networking like VoLTE, LTE, and 5G are anticipated to bolster the demand for solutions of virtual evolved packet core. 

The information shared that ahs been in this review is based on a TMR report titled, “Virtual Evolved Packet Core (vEPC) Market (Component - Solution, Service (Maintenance, Installation, Consulting); Deployment - Cloud and On - Premise; End Use - Telecom Providers, Enterprises; Application - LTE, IoT and M2M, Volte and VoWiFi, BWA, MPN and MVNO) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026

For the study the market has been segmented as follows:

Global Virtual Evolved Packet Core (vEPC) Market Segmentation

  • By Region
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com