As per our research Report, the 5G vEPC Market is forecasted to be growing at CAGR of 23.24% from 2024 to 2030.
LTE access systems can be backed by a virtualized evolved packet core (VEPC), which is supported by Software-Defined Networking (SDN) technology and a carrier-grade virtualization platform. It is a mobile core network system that, in theory, ensures networks to meet the unique requirements of different customers and blends and matches different network components as necessary to streamline the TCO and service quality for mobile operators. The parts of the core network that were formerly run on dedicated hardware are now run by software on cost effective commercial off-the-shelf (COTS) servers.
The building of a voice and data 4G (Long Term Evolution [LTE]) network can be virtualized with the aid of a system called virtualized Evolved Packet Core (VEPC) solutions. VEPC switches the many significant network components, which up until now were run on dedicated hardware, to software that works on inexpensive commercial off-the-shelf servers. By virtualizing the capabilities of the evolving packet core, mobile operators can effectively change the network to meet the personalised needs of their customer base. VEPC is expected to see a lower capital expenditure (CAPEX) and operating expenditure (OPEX) as the framework lowers the dependency on specialized & dedicated hardware.
Additionally, it improves the network's packet core infrastructure's efficiency, minimizing the network's footprint and simplifying network design and maintenance. By enabling on-demand scaling and effectively responding to customer needs and real-time network conditions, the framework speeds up the delivery of services as a totality. The future 5G network will be developed utilising the VEPC framework, which has been used for 4G LTE mobile networks. Mobile carriers can theoretically ensure networks to fit the unique needs of various customers by merging and rearranging different network components as appropriate by applying VEPC technology.
During the forecasted period, it is expected that IoT and M2M services will expand dramatically. The primary IoT packet network currently uses vEPC thanks to the efforts of several mobile operators. IoT cellular network NFV solutions are also being prepared by VEPC solution providers. Using the vEPC solution in the IoT core network enables the operator to quickly enable better connectivity for M2M devices and examine new choices for clients. IoT and M2M will give the biggest offer for suppliers of vEPC solutions in the coming years due to the increasing number of deployments performed by telecom operators in the North American, APAC, and MEA sectors. vEPC enables IoT chances for multiple mobile providers. IoT applications need entirely different varieties of networks than smartphones and tablets that currently monopolize the internet.
The continually altering mix of wireless devices and their quick global spread as access points for mobile networks are the primary causes of the rise in mobile data traffic. Globally, mobile data traffic is increasing as an impact of more people using smartphones and the availability of low-cost, high-speed network services. 5G networks will hold 45% of all mobile data traffic by 2025, guesses Ericson. Resultantly, the growing mobile data traffic, virtualized developing packet core solutions are now required to govern the data flow. Effective mobile data traffic management pushes throughput, lowers network congestion problems, makes the amazing use of resources, and enhances service quality. The employment of a virtualized evolved packet core enables this to happen.
The local vEPC market benefited from the upsurge of COVID-19 epidemic. Due to the epidemic, more people began working from home and taking classes online, which raised the need for high-speed mobile internet. Owing to this, there was a surge in demand for vEPC solutions, which facilitated mobile carriers to provide their clients with high-speed mobile broadband. During the estimated period, these factors are anticipated to fuel the expansion of the regional virtualized evolving packet core market.
Key Market Insights:
5G vEPC Market is segmented into solutions and services based on components. During the forecast period, a higher CAGR is envisaged for the Services section. Services play a crucial role in the adoption and integration of next-generation networking solutions in an organization's operational environment. Because they primarily highlight on optimizing business operations and improving the network of the organization, services are observed as a significant component of the vEPC industry. Because they are significant to meeting the needs of the clients, services including network testing, planning, optimization, support, and advising are considered as the heart of VEPC.
The market is segmented into LTE, VoLTE, and VoWiFi, IoT and M2M, MPN and MVNO, and BWA based on Application. During the estimated period, LTE, VoLTE, and VoWiFi are expected to have the biggest market shares. MNOs implement VEPC solutions on their mobile core network to offer LTE, Voice over LTE (VoLTE), and Voice over Wi-Fi (VoWiFi) service to mobile subscribers. The virtualizing core network is importantly more affordable for operators as compared to traditional EPC solutions. In addition, the same mobile core network helps both VoLTE and VoWiFi. Mobile providers offer Wi-Fi calling services to customers in areas with restricted network coverage. Some operators have implemented VEPC to rise VoLTE and VoWiFi services for subscribers around the world, and this trend is predicted during the forecast period.
The market is split into Telecom Operators and Enterprises based on End Users. During the estimated period, the LTE telecom operators are anticipated to capture the greatest market share. Telecom operators in several countries have already started using virtualized evolved packet core solutions. The South Korean carrier SK Telecom has successfully accomplished a virtualized evolving packet core system. Telecom companies in North America and Asia Pacific have also used the technology to boost overall network effectiveness.
Due to the additional control those on-premise solutions virtualized developing packet core network infrastructure offers, the on-premise category dominates the virtualized evolved packet core market in terms of revenue, according to deployment mode.
The Global Virtualized Evolved Packet Core (vEPC) Market is divided into North America, Europe, Asia Pacific, the Middle East, and Africa based on geographic regions. During the anticipated period, Asia and the Pacific are assumed to grow faster than other regions. The area is transforming quickly due to the introduction of new technology in numerous areas. Infrastructure growth in APAC, particularly in Japan, South Korea, Australia, Singapore, China, and India, as well as the strengthening rollout of 4G and 5G networks, present huge opportunities for the application of the VEPC solution. The growth in usage of technologies like VR, AR, and the IoT will present numerous opportunities for the region's vEPC industry. Because of this, the content will utilise much more data, demanding constant network connectivity and coverage.
LTE, VoLTE, and VoWiFi
IoT and M2M
MPN and MVNO
Middle East and Africa
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