VIRTUALIZED EVOLVED PACKET MARKET TO REACH USD 8.1 BILLION BY 2027 | CAGR 51.2% – FORENCIS RESEARCH

Global Virtualized Evolved Packet Market: Key Highlights

• According to the new market research report “Virtualized Evolved Packet Market by Deployment Mode (Cloud and On-premises), by Component (Solution and Services), by Application (Consumer, IoT, Private LTE, Wi-Fi, GiLAN, 5G Services and Others), by End-User (Telecom and Enterprise), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America,) – Global Forecast (2020 to 2027)”, the global Virtualized Evolved Packet Market is estimated to reach USD 8.1 Billion by 2027 at a CAGR of around 51.2% during the review period.
• Virtualized evolved packed is a platform for the mobile network, which are used in 4G Long-Term Evolution (LTE) networks and will be used in the upcoming 5G network services.
• The vEPC cloud based core network framework helps to innovate the mobile network with high scalable and fast virtualized Evolved Packet Core (EPC) which lead to emerge 4G LTE deployment use cases.

Global Virtualized Evolved Packet Market: Key Market Dynamics

• It will helps to improve and expand network coverage, advance the 5G performance and also add new services which will lead to enhance the customer experience.
• The enhancement in network framework lead to improve the customer requirements by speeding the service delivery and advance real time support.
•  In 2018, the Swisscom has signed a contract with Swedish vendor Ericsson for 5G under which the Saudi cellco will deploy a 5G network on the 3.5GHz band with Ericsson’s hardware and solution.
• The market enhance its growth by the adoption of IoT technology with the mobile operators and its services. Also, it helps to provides solution for the IoT cellular network connection.

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Global Virtualized Evolved Packet Market: Regional Overview

• Asia-Pacific:

According to the State Council of the People's Republic of China, the country has grant a license for commercial 5G services. Also the country is projected to become the world leading in 5G technology market by 2025 with the 460 million of the user for the device. According to Department of Telecommunication, 5G play major role for India development to reach the global market. Also Japan is taking a major step to operate the local 5G services by 2020. By 2023, NEC Corporation is aims to provide the 5G services and products for the more than 100 companies and industries.

Hence, these adoption and innovative in the countries will witness to increase the market growth in the anticipated period.

• Europe

According to the European Commission, the European cloud platform will enhance and strength the region growth. In Horizon 2020, the commission projected to overall allocation of fund is about USD two billion fort the Cloud initiative. Also European Commission has projected to meet the connectivity target by 2025 which includes 5G coverage also will cost around USD 500 billion.

Hence, these investment by the region will lead to increase the demand of the market as there will increase in adoption for emerging technology.

Global Virtualized Evolved Packet Market: Key Players Overview

• Ericsson:

Ericsson is one of the leading provider of information and communication technology product and services. Also, the company operates telecommunication network, video system and television and related services. The Ericsson Evolved Packet Gateway which provides the serving gateway, User plane function, serving gateway and traffic detection services for 5G, LTG, and Wi-Fi. In 2019, the company and Australian communications services provides to Telstra which have successfully deployed the first live cloud native container based EPC for the 5G and 4G services.

• Mavenir:

Mavenir is a cloud native software company for the communication services market. Also the company offers Internet protocol based voice, videos, communication and messaging services. The company vEPC is designed for the advance the virtualized platform. Also the cloud framework permit for the vEPC platform for the deployment of flexibly as a collapsed of all vEPC.  In 2017, the company announced the acquisition of Virtual Evolved Packet Core (vEPC) product from the Brocade Communications Systems, Inc. which will advance the network and architecture framework for the company.

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