Published Date : Apr 18, 2018
Albany, New York, April 18, 2018: MarketResearchReports.biz have announced the addition of a new report which is titled, “Virtual Evolved Packet Core (vEPC) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026.”According to the report the global virtual evolved packet core market is it driven by the rising number of LTE subscribers as well as the phenomenal increase in the use and penetration of smartphones. The growing demand for flexible and elastic networks is also pushing the demand for virtual evolved packet core. Other factors boosting the demand for virtual evolved packet core include growing demand for operational expenditure and savings in capital expenditure, constantly increasing demand for high-speed data networks from consumers, and advancements in the industry with the introduction of 5G, VoLTE, and LTE. On account of all these factors, it is anticipated that this Market will expand at an impressive CAGR of 36.3% between 2018 and 2026.
On the basis of geography, the huge consumer base present in India and China will make Asia Pacific one of the most lucrative regional market for virtual evolved packet core. The rising dependency on the internet, increasing subscribers of LTE, and growing demand for high-speed internet networks for reliable connectivity and mobility will ensure that Asia Pacific continues to be one of the promising markets for virtual evolved packet core. By offering different advanced technology solutions to customer and rising number of partnerships between companies in order to deploy vPEC on a large scale across the region, North America will emerge as the regional leader within the market. Europe is also anticipated to witness substantial growth in the virtual evolved packet core market.
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On the basis of deployment, this market is segmented into cloud and on-premise, of which the cloud segment is leading and will continue to do so on account of benefits such as reduction in overall equipment cost and faster customer service. An increasing number of enterprises are moving their data into cloud and therefore telecom operators are preferring Cloud virtual Solutions for improved collaboration and faster customer service. By component, the global vPEC Market is segmented into service and a solution, of which the solution segment is leading and will continue to do so throughout the forecast period, while the services segment will expand at the fastest pace, exhibiting a 36.4% CAGR between 2018 and 2026 as telecom operators, in order to meet the dynamic needs of the end users, upgrade their existing virtual evolved packet core solutions. On the basis of application, this market is segmented into Volte and VoWiFi, LTE, IoT and M2M, BWA, MPN and MVNO. Of these, the IoT and M2M segment is predicted to witness the highest growth in the years to come.
Leading players within the market are forming alliances and partnerships in order to be able to deploy vPEC on a massive scale globally as well as to manage traffic growth in an economy cool way by assisting the telecom operators. Names of the leading vendors operating within the virtual evolved packet core market are: Ericsson AB, ng4T GmbH, ZTE Corporation, Nokia Corporation, Huawei Technologies Co., Ltd., Intel Corporation, Cisco Systems, Inc., NEC Corporation, Affirmed Networks, and Mavenir.
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