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Global virtual Evolved Packet Core market expected to touch $9 billion by 2023: KBV Research

Global virtual Evolved Packet Core market expected to touch $9 billion by 2023: KBV Research

The global virtual Evolved Packet Core (vEPC) market will touch $9.2 billion by 2023, growing at a CAGR of 46.7% during the forecast period (2017-2023), as per a report by KBV Research.

The vEPC is a framework used to virtualize the functions which are necessary in converging data and voice on 4G LTE networks. It moves the traditional hardware-based core network components to software which are economic COTS (commercial off-the-shelf) servers.

The rise in number of LTE mobile subscribers, decrease in Capital Expenditure (CapEx) and Operational Expenditure (OpEx), and growth in network infrastructure, are the major factors driving the vEPC market.

  • By solution type:

In 2016, Mobility Management Entity Solution market was dominated by North America, and will continue to dominate till 2023, showing a CAGR of 41.1% during the forecast period.

Home Subscriber Server Solution market was dominated by Europe, and it will grow at a CAGR of 42.1% during the forecast period.

Serving Gateway market was dominated by Asia Pacific, and is expected to grow at a CAGR of 47.5% during the forecast period.

  • By use cases:

LTE, VoLTE, and VoWiFi market held the largest market share in vEPC market by use cases, and is expected to dominate the market till 2023.

IoT and M2M market will grow at a CAGR of 48.6% during the forecast period.

MPN and MVNO market will reach $1106.6 million by 2023.

  • By End-User:

Enterprises market will grow at a CAGR of 51.9% during the forecast period.

Telecom Operators market dominated the market based on End-User in 2016, and is expected to be a dominant market during the forecast period.

  • By Deployment Type:

Cloud market will grow at a CAGR of 51.5% during the forecast period.

On-premises market dominated the market in 2016, and is expected to continue its dominance during the forecast period.

Also read: Dimension Data joins ASD’s list of Protected Certification

As per the report, Samsung, Huawei, and Cisco are the forerunners in vEPC market.

For full report, visit: https://kbvresearch.com/virtualized-evolved-packet-core-vepc-market/

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