Virtualized Evolved Packet Core Industry Growth Dynamics, Size, Business Opportunities and Industry Forecast to 2027
Market Synopsis
As per the analysis by Market Research
Future Reports (MRFR), the global market for Virtualized Evolved Packet Core Industry is estimated to value USD 11.5 million
with an average growth of 50% during the forecast period. Introduction of 5G,
IoT, and M2M is one of the significant factors driving the global virtualized
evolved packet pore market 2020. The rising technology advancement plays an
important factor in market growth. However, the telecom companies have realized
that the expanding user base may not be productive in expanding the business.
Hence they are innovating strategies that will help in expanding the business
and reduce the overall outlay on operations. The telecommunication companies
are implementing vEPC to optimize their service quality at the minimalistic
price. On the other hand, hesitation in adoption is estimated to be a hindrance
to market expansion.
The research performed by MRFR tracks
the aftermath of the COVID-19 pandemic. Furthermore, a precise evaluation of
factors augmenting and impeding the market in the post-COVID-19 environment has
been analyzed. We will provide COVID-19 impact analysis with the report.
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Market
Segmentation
The worldwide Virtualized Evolved
Packet Core Industry can be segmented on the basis of end-user, component, user
cases, deployment, and region.
On the basis of end-user, the worldwide
Virtualized Evolved Packet Core Industry can be classified into Telecom
operator and Enterprises.
On the basis of component, the
worldwide Virtualized Evolved Packet Core Industry can be classified into
Solution and Services.
On the basis of use cases, the
worldwide Virtualized Evolved Packet Core Industry can be classified into
Broadband Wireless Access (BWA), MNO & MVNO, LTE & VoLTE, and IoT &
M2M.
On the basis of deployment, the
worldwide Virtualized Evolved Packet Core Industry can be classified into
On-premise and on cloud.
On the basis of region, the global Virtualized
Evolved Packet Core Industry can be classified into North America, Europe,
Asia-Pacific, and the Rest of the World (RoW).
Regional
Analysis
The geographical study of North
America, Europe, Asia-Pacific, and the Rest of the World (RoW) has been
analyzed. As per the evaluation, the APAC region is anticipated to witness
exponential growth during the forecast period. There has been an immense
investment in developing the network infrastructure in the region is likely to
propel the market. Besides, the increasing ownership of smartphones and fast internet
penetration is estimated to expand the market. The research by MRFR
reveals that the North American region is estimated to expand considerably
during the forecast period due to the fast adoption of technology in the
region. Besides, the presence of a strong telecom network has additionally
propelled market expansion. Moreover, the region has the upper hand due to the
establishment of key market players. Also, the initiatives taken by the
government to provide an efficient network at a faster pace is anticipated to
increase the market strength in the region.
Key
Players
The major key players of the global Virtualized
Evolved Packet Core Industry are Nokia Corporation (Finland), Athonet
S.R.L.(Italy), Ericsson AB (Sweden), Cisco System Inc. (US), NEC
Corporation (Japan), Huawei Technologies Co. Ltd. (China), SAMSUNG (South
Korea), Mitel Networks Corporation (US), ZTE Corporation (China), Affirmed
Networks (US), and a few others.
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