Research Nester published a report titled “Virtual Evolved Packet Core (vEPC) Market: Global Demand Analysis & Opportunity Outlook 2035” which delivers detailed overview of virtual evolved packet core (vEPC) in terms of market segmentation by component, deployment type, application, end user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
Market Statistics
- USD 6 billion revenue in 2022
- Record USD 30 billion revenue by 2035
- The market size slated to observe 26% growth rate through 2023-2035
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The wider use of smart and more data-intensive devices have increased the demand for seamless high-quality network service. There is a rapid rise in the number of LTE subscribers around the world. More than 85% of the world population had access to 4G network in 2020. vEPC was introduced for 4G LTE network to provide enhanced connectivity. Driven by these factors, the global virtual evolved packet core (vEPC) market is estimated to generate a revenue of USD 21 Billion by 2035.
The market is estimated to attain a CAGR of ~24% over the forecast period, i.e., 2023 – 2035. The market is segmented by component into solutions and services, out of which, the solutions segment is expected to hold the leading share over the forecast period owing to increasing deployment of vEPC solutions to cater the growing demand for high-speed data networks.
In Q4 2021, USA current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. On the other hand, annual inflation rate in the country hit 8.5%. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and some signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006.
Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches to peak 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point, pushing consumers to spend less on the products and services and save more.
On the other hand, the worst is expected to be seen in the European countries especially during 2022 winters. The energy and gas crises has already started grappling the region where in many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage, created by Russian-Ukraine conflict.
Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.
Geographically, the global virtual evolved packet core (vEPC) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region, out of which, North America holds the largest market share and is projected to grow at a significant rate, followed closely by Europe. Additionally, the market in Asia-Pacific is estimated to witness fastest growth during the forecast period.
According to recent study by Research Nester, the market size is anticipated to surpass USD 30 Bn by 2035 and is projected to expand at CAGR of over 26% from 2023 to 2035.
Major players include in the global Keyword market:
- Cisco Systems, Inc.
- Telefonaktiebolaget LM Ericsson
- Nanjing ZTE software Co. Ltd.
- Nokia Corporation
- Huawei Technologies Co., Ltd.
- Affirmed Networks
- Mavenir Systems, Inc.
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The detailed segments and sub-segment of the market are explained below:
By Component
Solution
Services
By Deployment Type
Cloud
On-Premises
By Application
LTE
VoLTE & VoWiFi
loT & M2M
MPN & MVNO
BWA
By End User
Telecom Operators
Enterprises
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The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).
In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Adoption of 5G Network to Boost Market Growth
5G networks are expected to be the next big leap in mobile networks infrastructure. While existing 4G LTE technology is sufficient for the majority of IoT applications, the high-speed, high-capacity, low-latency of 5G networks will meet the demands of increasing data-intensive applications. By 2025, approximately 25% of the total mobile connections worldwide is expected to be on a 5G network. Virtual evolved packet core (vEPC) will play an integral part in the ongoing development with 5G network. These factors are fostering the growth of the global vEPC market market.
However, the reluctance to transition from legacy infrastructure and compete with virtualization is retraining the growth of the market. Moreover, the lack of awareness and resources to switch over to virtualization, and the significant amount of expenses are further expected to operate as barriers to the growth of global vEPC market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global virtual evolved packet core (vEPC) market which includes company profiling of Affirmed Networks, Mavenir Systems, Inc., Samsung Electronics Co., and others.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global virtual evolved packet core (vEPC) market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Virtualized Evolved Packet report is an essential reference for who looks for detailed information on China Virtualized Evolved Packet Core (vEPC) market.
The report covers data on China and its regional markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as China major vendors' information.In addition to the data part, the report also provides overview of Virtualized Evolved Packet Core (vEPC) market, including classification, application, manufacturing technology, industry chain analysis and latest market dynamics.Finally, a customization report in order to meet user's requirements is also available.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/china-virtualized-evolved-packet-core-2020-396The largest vendors of China Virtualized Evolved Packet Core (vEPC) market: (At least 9 companies included) Ericsson (Sweden) Huawei Technologies (China) Mavenir (US) ZTE Corporation (China) Athonet (Italy) Cisco Systems (US)For complete list, please ask for sample pages.Report Scope: The depth industry chain include analysis value chain analysis, porter five forces model analysis and cost structure analysis The report covers China and its regional market of Virtualized Evolved Packet Core (vEPC) It describes present situation, historical background and future forecast Comprehensive data showing Virtualized Evolved Packet Core (vEPC) capacities, production, consumption, trade statistics, and prices in the recent years are provided The report indicates a wealth of information on Virtualized Evolved Packet Core (vEPC) manufacturers Regional market overview covers the following information: production and consumption of Virtualized Evolved Packet Core (vEPC) in Northeast China, North China, Central China, Northern China, Western China and South China Virtualized Evolved Packet Core (vEPC) market forecast for next five years, including market volumes and prices is also provided Raw Material Supply and Downstream Consumer Information is also included Any other user's requirements which is feasible for usAny special requirements about this report, please let us know and we can provide custom report.Get the Complete Report & TOC @ https://www.grandresearchstore.com/ict-and-media/china-virtualized-evolved-packet-core-2020-396Table of contentChapter One Virtualized Evolved Packet Core (vEPC) Overview1.1 Virtualized Evolved Packet Core (vEPC) Outline1.2 Classification and Application1.3 Manufacturing TechnologyChapter Two Industry Chain Analysis2.1 Value Chain Analysis2.2 Porter Five Forces Model Analysis2.3 Cost Structure AnalysisChapter Three Market Dynamics of Virtualized Evolved Packet Core (vEPC) Industry3.1 Latest News and Policy3.2 Market Drivers3.3 Market ChallengesChapter Four China and Regional Market of Virtualized Evolved Packet Core (vEPC) (2015-2020)4.1 Virtualized Evolved Packet Core (vEPC) Supply4.2 Virtualized Evolved Packet Core (vEPC) Market Size4.3 Import and Export4.4 Demand Analysis4.5 Market Competition Analysis4.6 Price AnalysisChapter Five China and Regional Market Forecast (2020-2025)5.1 Virtualized Evolved Packet Core (vEPC) Supply5.2 Virtualized Evolved Packet Core (vEPC) Market Size5.3 Import and Export5.4 Demand Analysis5.5 Market Competition Analysis5.6 Price AnalysisChapter Six China Raw Material Supply Analysis6.1 Raw Material Supply6.2 Raw Material Producers Analysis6.3 Analysis of the Influence of Raw Material Price FluctuationChapter Seven China Virtualized Evolved Packet Core (vEPC) Consumer Analysis7.1 China Major Consumers Information7.2 China Major Consumer Demand AnalysisChapter Eight Analysis of China Key Manufacturers (Including Company Profile, SWOT Analysis, Production Information etc.
)8.1 Ericsson (Sweden)8.2 HuaweiIf You Have Any Question Related To This Report Contact Us @ https://www.grandresearchstore.com/enquire-now/china-virtualized-evolved-packet-core-2020-396CONTACT US:276 5th Avenue, New York, NY 10001, United StatesInternational: +1(646)-781-7170 / +91 8087042414Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/grand-research-store
