Global Virtualized Evolved Packet Market: Key Highlights
Global Virtualized Evolved Packet Market: Key Market Dynamics
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Global Virtualized Evolved Packet Market: Regional Overview
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.
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 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 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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