The vEPC market was valued at USD 8,429.9 million in 2023, and it will reach USD 27,776.3 million by 2030, powering at a rate of 18.8% by the end of this decade.
The industry is powered by the increasing acceptance of network function virtualization, rising importance on edge computing and the IoT, growing mobile data traffic, rollout of 4G LTE, and placement of 5G NSA or SA network services with augmented speeds.
On the basis of component, the solutions offering had the larger share, because of MNOs' snowballing recognition of the several benefits obtainable by vEPC solutions, i.e., the potential of virtualizing important components, for example HSS, MME, PDNGW, and S-W.
All of them improve service quality, network competence, flexibility, scalability, business and satisfaction of the customers, along with cost-effectiveness.
5G network will grow faster with a rate of 20% in the years to come as a result of the growing requirement for high-speed data services and increasing importance on the acceptance of cutting-edge technologies, for example cloud computing and IoT, across industries.
As virtualizing the EPC has an important role to play in rolling out 5G network services, it can give rise to opportunities for MNOs in novel economic streams, from IoT and mobile edge computing to enterprise LTE.
The cloud deployment category has the larger share in the vEPC market, of 60%, in 2023, and it will also grow faster, at a rate of 22%, in the years to come.
This has a lot to do with the fast disposition of cloud packet core in more than a few applications, such as massive IoT, mobile broadband, such as Cat-M and NB-IoT; communication services, for example Wi-Fi calling; VoLTE and important enterprises, to understand the industry 4.0 dream.
One of the main facilities making use of cloud-based vEPC solutions are oil rigs, operating in harsh and remote environments; sites of medical device manufacturing, as they require to guarantee that their networks are reliable, and secure for the protection of sensitive data; and steel plants, to advance the competence and operational flexibility.
APAC will have the fastest growth, of 25%, in the years to come. The existence of key MNOs in the region, increasing their presence across segments; fast acceptance of advanced 5G, and rising requirement of tablets, smartphones, and other IoT-enabled devices are responsible for the regional growth of the industry.
The increasing emphasis on edge computing and IoT all over the globe has a positive impact on the demand for visualized evolved packet core solutions. The trend will also continue in the years to come as well.
