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Global Virtualized Evolved Packet Core (vEPC) Market to Garner USD 21.12 BN by 2032, with 21.12% CAGR from 2023 to 2032

Nov 15, 2023 8:00 AM ET

Global Virtualized Evolved Packet Core (vEPC) Market to Garner USD 21.12 BN by 2032, with 21.12% CAGR from 2023 to 2032

Market Overview:

As per the latest study conducted by Market Research Future (MRFR), The global virtualized evolved packet core market is projected to reach a valuation of more than 3.5 billion by 2023 up from USD 21.12 billion by 2032 at a CAGR of 21.12%. A virtualized evolved packet core refers to a framework that helps the convergence of voice and data on 4G and 5G networks. Growth in the market is primarily attributable to the potential of vEPC and promotion of high-quality mobile services because of it.

Key Players:

MRFR has profiled many notable players in the virtualized evolved packet core market including:

  • Nokia Corporation (Finland)
  • Ericsson AB (Sweden)
  • ZTE Corporation (China)
  • Samsung Electronics (South Korea)
  • Huawei Technologies Co. Ltd (China)
  • NEC Corporation (Japan)
  • Affirmed Networks (US)
  • Cisco System Inc. (US)
  • Mitel Networks Corporation (US)
  • Athonet S.R.L. (Italy)


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Scope of the Report – Virtualized Evolved Packet Core (vEPC) Market:

     Report Metrics


     Market Size by 2032

    USD 21.12 Billion

     CAGR during 2023-2032


     Base Year





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Market Segmentation:

The virtualized Evolved Packet Core (vEPC) market has undergone segmentation based on deployment, use case, component, and end-user. In terms of components, the market is divided into solutions and services. The solution segment further breaks down into serving gateway (S-GW), mobile management entity, packet data network gateway (PDN-GW), home subscriber server (HSS), policy, and changing rules functions (PCRF).

Based on deployment, the virtualized evolved packet core market is segmented into on-premises and on-cloud. A rapid shift by network providers to a cloud-based virtualized EPC solution to lower their investments in network infrastructure and to offer faster deployment benefits are estimated to drive the on-cloud segment.

By use case, the market is segmented into broadband wireless access (BWA), LTE & VoLTE, IoT & M2M, and MNO & MVNO. The IoT & M2M segment is expected to accrue USD 3.5 Billion by the end of 2023. The IoT & M2M segment is also estimated to be the fastest growing segment during the forecast period.

Based on end-user, the vEPC market is segmented into enterprise and telecom operators. The telecom operators segment held a 70.9% share of the market. It is projected to maintain the same dominant position during the forecast period.

The global Virtualized Evolved Packet Core Market is geographically segmented into Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW). Asia Pacific is anticipated to record the highest growth during the forecast period of 2023-2032. The most primary factor contributing to the substantial market growth in Asia Pacific is the proliferating penetration of smartphones and the internet. China has surpassed the U.S. in terms of web and mobile penetration, hence, significantly contributing to market growth in the region. Additionally, the region boasts a presence of numerous telecom giants such as Ericsson, as well as, Nokia who are heavily investing in the research and development of the network infrastructure, thus pushing the regional market exponentially. Further, favorable government policies supporting the transformation of the digital network is likely to boost sizeable growth in the developing economies of the APAC.

With the presence of an advanced telecom network infrastructure and increased adoption of 4G technology, the market is witnessing propelled growth in the region. Furthermore, the presence of many telecom giants in the region and supportive government initiatives are assessed to augment the virtualized evolved pocket core market.

Browse In-depth Market Research Report (121 Pages, Charts, Tables, Figures) Virtualized Evolved Packet Core (vEPC) Market–

Industry News:

In April 2019, Affirmed Networks and Syniverse unveiled Affirmed vEPC, a secure and cloud-based virtual network solution designed to facilitate the deployment of new Internet of Things (IoT) technologies by enterprises. Syniverse, recognized as the world’s most connected company, partnered with Affirmed Networks, a global leader in virtualized mobile networks, to introduce this innovative solution.

In the same month, Swisscom prepared for the European launch of its 5G services operating in the 3.5GHz spectrum, specifically tailored for smartphones. Collaborating with Ericsson, Swisscom is leveraging Ericsson’s comprehensive radio access solutions, encompassing virtualized evolved packet core (vEPC), full stack NFVI, and virtualized IP multimedia subsystem (IMS) as part of their core infrastructure.

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About Market Research Future:

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