Exploring the Virtualized Evolved Packet Core Market Growth Opportunities

According to the latest publication from Meticulous Research®, the global virtualized evolved packet core market is projected to reach $19.87 billion by 2031, growing at a CAGR of 19.3% from 2024 to 2031. This market growth is driven by the significant increase in mobile data traffic volumes and the rising demand for high-speed data services. However, the data security risks associated with virtualized evolved packet core (vEPC) infrastructure pose a challenge to market growth. The market is expected to benefit from increasing investments in 5G technology, the rising adoption of cloud-native 5G core solutions, and the growing adoption of IoT technology. Yet, the reliability of vEPC solutions and misconceptions about them are significant challenges impacting market growth. The integration of edge computing with vEPC technology is a notable trend in this market.

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The virtualized evolved packet core market is segmented by component into solutions and services. The solutions segment includes mobility management entity, home subscriber server, serving gateway, packet data network gateway, and policy & charging rules function. The services segment includes professional services (integration, consulting, and training & maintenance) and managed services. In 2024, the solutions segment is expected to account for the larger market share, driven by the need to reduce OPEX and CAPEX, the growing mobile data traffic, and the benefits of vEPC such as agility, flexibility, scalability, and low-latency delivery of real-time applications. Collaborations to enhance network performance for 5G and 4G customers further boost this segment.

Based on application, the market is divided into Mobile Private Network & Mobile Virtual Network Operators (MPN & MVNO), Long-term Evolution & Voice over Long-term Evolution (LTE & VoLTE), and Internet of Things & Machine to Machine (IoT & M2M). In 2024, the MPN & MVNO segment is expected to hold the largest market share due to the increasing penetration of mobile devices, demand for low-cost mobile services, and high-speed internet connectivity. The growing adoption of vEPC among MPN & MVNO helps increase LTE and IMS network revenues through fast and cost-effective deployment. Notably, Summa Networks and Cirrus Core Networks have partnered to offer innovative solutions for MNOs and MVNOs.

The market is also segmented by deployment mode into on-premise and cloud-based deployments. In 2024, the on-premise deployments segment is expected to dominate the market due to large enterprises' preference for greater control over their network infrastructure. However, the cloud-based deployments segment is anticipated to register a higher CAGR during the forecast period due to benefits like easy maintenance of customer data, cost-effectiveness, and scalability. The increasing demand for cloud-based vEPC for cloud networks and the superior flexibility of cloud deployments further drive this segment.

Based on end user, the market is segmented into telecom operators, enterprises (including BFSI, IT, travel & consumer, media & entertainment, healthcare, and others), and other end users. In 2024, the telecom operators segment is expected to hold the largest market share, driven by the adoption of vEPC solutions to improve latency issues and enhance IT agility, the need to offer better speed and bandwidth connectivity, and the reduction of operational and capital expenditures. Prominent players in the market are formulating strategies to maximize their shares, as evidenced by NEC Corporation's partnership with NTT DOCOMO for flexible and scalable 5G networks.

Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is expected to hold the largest market share in 2024, attributed to the adoption of vEPC solutions to enhance network infrastructure, the proliferation of advanced networking and communication technologies, the demand for cloud-based services, and government support for 5G infrastructure development. Asia-Pacific is expected to register the highest CAGR due to the increasing number of mobile subscribers, mobile data traffic, adoption of network function virtualization solutions, and deployment of 5G-ready cloud core and NFVI solutions.

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Jane Doe is a seasoned content writer and market analyst specializing in insightful blogs and projections, blending creativity with data-driven strategies.