Global Virtualized Evolved Packet Core Market
The GMI Research forecasts that the Virtualized Evolved Packet Core Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the the growing awareness related to the various advantages, including network cost reduction and better network architecture adaptability.
Introduction of the Virtualized Evolved Packet Core Market
Virtualized evolved packet core solutions implies the structure that assists in virtualizing the functions offered to assemble a voice and data 4G network. The vPEC moves components of the core network to software that runs on low cost commercial off-the-shelf servers.
Key Players of the Global Virtualized Evolved Packet Core Market:
- Telefonaktiebolaget LM Ericsson
- Huawei Technologies Co., Ltd.
- Affirmed Networks
- Athonet srl
Virtualized Evolved Packet Core Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The crucial driver responsible for the stimulation of the global virtualized evolved packet core market is the augmenting mobile network data traffic throughout the world. In accordance with the report published by Ericsson Mobility, the comprehensive mobile data traffic is expected to reach approximately 51 Exabytes per month by the end of 2020 and is forecasted to touch 226EB per month by 2026. The video traffic at present gauges for nearly 66% of total mobile data traffic. Also, the widespread outbreak of the coronavirus pandemic has transformed the traffic patterns owing to the temporary lockdown and restraints on movement. For example, in India, the average monthly mobile data usage per smartphone experienced a massive growth owing to the accelerating penetration of 4G, especially across the people working from work. Furthermore, the amplifying consciousness associated with several beneficial features offered by them, including improved and quick delivery services, enhanced network architecture flexibility, cost reduction, and raised automation. The mounting number of devices, applications, and users will further strengthen the market size. However, the escalation apprehension concerned with safety and security will hamper the virtualized evolved packet core market size.
Virtualized Evolved Packet Core Market Segmentation:
Segmentation by Component
Segmentation by Deployment Mode
Segmentation by Network Type
- 4G Network
- 5G Network
Segmentation by End User
- Telecom Operators
- Segmentation by Application
- LTE, VOLTE, and VOWi-Fi
- Broadband wireless access
- IOT and M2M
Segmentation by Region:
- North America
- United States of America
- Asia Pacific
- Rest of APAC
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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