The Global Virtualized Evolved Packet Market is projected to reach a value of over USD 8.1 billion by 2027 at a CAGR of around 51.2%.
Virtualized evolved packed is a platform for the mobile network, which currently used in 4G Long-Term Evolution (LTE) networks and will be use in the upcoming 5G network services. Moreover, it is an innovative Evolved Packet Core (EPC) which is mainly designed from the ground up for virtualized environments. Moreover, 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.
Market Driver:
It will improve and expand network coverage performance, advance the 5G performance and also add new services which will lead to enhance the customer experience. This solution enables operators for the delivery of various services for the specific user cases such as Private long-term evolution (LTE), Internet of things (IoT), mobile virtual network enabler (MVNE) and enhanced mobile broadband (eMB). 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.
Hence, this adoption and innovation may fuel the growth of market in the forecast period.
The enhancement in network framework lead to improve the customer requirements by speeding the service delivery and advance real time support. Also, it enables IoT opportunities for the mobile operators for the new business growth. Moreover, Ericsson has release control and user plane separation (CUPS) which provide user to select the cost effectively design and the latest level of network design to scale up the performance.
Market Opportunities:
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. Moreover, it enhances the new service for the customer by enabling the operator to bring advance connection for the devices. Amazon Web Services (AWS) support the mobile operators to scale the IoT services easily and in a cost effective way. Hence, it will witness to grow the virtualized evolved packet market demand in the projected period.
The report on the virtualized evolved packet market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2020 |
Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) |
Segments Included |
Deployment Type, Application, Component End-users, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South Africa |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Virtualized Evolved Packet Market, by Deployment Mode
Virtualized Evolved Packet Market, by Application
Virtualized Evolved Packet Market, by Component
Virtualized Evolved Packet Market, by End User
Virtualized Evolved Packet Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE VIRTUALIZED EVOLVED PACKET MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY