Market Analysis
The virtualized evolved packet core market is likely to reach USD $13.65 Billion at a favourable 21.12% CAGR by 2030, states the latest Market Research Future (MRFR) report.
Drivers
Growing Demand for Increased Bandwidth to Boost Market Growth
The growing requirement for increased bandwidth for running mobile networks had made the telecommunication operators in searching for cost-effective solutions that will boost the market growth over the forecast period.
Opportunities
Increasing Penetration of IoT and Machine to Machine Communication Devices to offer Robust Opportunities
The increasing penetration of IoT and machine to machine communication devices will offer robust opportunities for the market in the forecast period.
Restraints
Rising Security Concerns to act as Market Restraints
The rising security concerns may act as a market restraint over the forecast period.
Challenges
Integration of vEPC with Existing Mobile Core Systems to act as Market Challenge
The integration of vEPC with existing mobile core and back office systems will act as market challenge over the forecast period.
Download Free Sample PDF File @ https://www.marketresearchfuture.com/sample_request/5616
Market Segmentation
The virtualized evolved packet core market is bifurcated based on end user, use case, deployment, and component.
By component, the services segment will lead the market over the forecast period for the increasing commercialization and testing of 5G-ready solutions.
By deployment, the on-premise segment will dominate the market over the forecast period.
By use case, the IoT and M2M segment will spearhead the market over the forecast period.
By end user, the telecom operator segment will have the lions share in the market over the forecast period.
COVID-19 Analysis
The COVID-19 pandemic has severely disrupted supply chains and businesses across the world. It claimed countless lives and severely impacted several economies globally. As a result, various organizations plan in incorporating virtualized evolved packet core have been delayed, thus negatively impacting the market growth. Besides, delayed 5G deployments across different countries too have impacted the various sectors’ decisions for incorporating virtualized evolved packet core.
Regional Analysis
North America to Lead Virtualized Evolved Packet Core Market
North America will lead the virtualized evolved packet core market over the forecast period. The presence of major technical players, robust infrastructure, expansion of LTE-advanced and LTW networks, telecom operators rolling out new applications like wireless broadbands, M2M, and IoT, and favorable government initiatives are adding to the virtualized evolved packet core market growth in the region.
Key Players
Eminent industry players profiled in the global virtualized packet core market report include Nokia Corporation (Finland), Cisco System Inc. (US), Ericsson AB (Sweden), Samsung Electronics (South Korea), Huawei Technologies Co. Ltd (China), NEC Corporation (Japan), ZTE Corporation (China), Mitel Networks Corporation (US), Affirmed Networks (US), and Athonet S.R.L. (Italy).
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/virtualized-evolved-packet-core-market-5616
The global virtualized packet core market is both fragmented and also competitive for the presence of different international & domestic key players. These players have incorporated innovative strategies to remain at the vanguard and also suffice the burgeoning demand of the customers including collaborations, contracts, partnerships, joint ventures, geographic expansions, & new product launches and more. Besides, they are also investing in various research and development activities.
Similar Reports: -
2. https://www.linkedin.com/pulse/mobile-cloud-market-estimated-reach-value-usd-12646-billion-singh/
3. https://www.linkedin.com/pulse/iot-telecom-services-market-going-uphill-at2357-billion-singh/
4. https://www.linkedin.com/pulse/artificial-intelligence-ai-market-expected-reach-usd-31135-singh/
About us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact Us:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
Arabic
French
Spanish
Portuguese
Deutsch
Turkish
Dutch
Italiano
Russian
Romaian
Portuguese (Brazil)
Greek