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/
