The Global Virtual Evolved Packet Core Market is estimated to grow at a CAGR of 13.5% during the forecast period. A Virtual Evolved Packet Core (vEPC) is a framework for voice and data processing, and switching in mobile networks that uses Network Functions Virtualization (NFV), to virtualize the functions of an Evolved Packet Core (EPC). The vEPC framework has been used in 4G LTE mobile networks and will be a fundamental component of the next-generation 5G network design. Mobile providers can theoretically modify networks to satisfy the particular requirements of individual consumers by virtualizing Evolved Packet Core (EPC) capabilities, mixing and matching individual network components as needed. By decreasing dependency on specialised hardware, vEPC can cut CAPEX and OPEX, while speeding up service delivery, allowing for on-demand scaling, and adapting to real-time network circumstances and user needs.
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/virtual-evolved-packet-core-market
According to the Ericsson Mobility Report 2020, overall mobile data traffic exceeded to 49 Exabytes per month at the end of 2020, and is expected to exceed 226EB per month by 2026. At the moment, video traffic accounts for 66 percent of all mobile data traffic. The increase in traffic is related to an increase in both the number of smartphone subscriptions and the average data volume per subscription. In countries like India, traffic growth has been on the rise, and, according to the Ericsson Mobility Report 2020, the country continues to have the largest monthly smartphone usage at 15.7GB.
To be ready for IoT, MNOs need to get on board with NFV.. Virtual EPC is planned to be commercially deployed in MNOs’ live networks, to enable a range of use cases. vEPC enables MNOs to personalise their networks for unique consumers, sectors, and applications at a low cost, which is crucial in the diverse world of IoT. The vEPC framework also supports low-latency use cases at the network edge, allowing CSPs and businesses to link mobile and IoT devices, data centres, and public or private clouds. For Instance, In August 2020, Nokia was selected by Taiwanese mobile operator Asia Pacific Telecom (APT), as the single vendor for 5G New Radio (NR), in a deal that also encompasses 5G core (non-standalone and standalone), security, and monetization.
Global Virtual Evolved Packet Core Market Segmentation,
By Component
- Solutions
- Services
By Solution
- MME
- HSS
- S-GW
- PDN-GW
By Services
- Professional Services
- Consulting
- Integration and Deployment
- Training and Support
- Managed Services
By Network
- 5G Network
- 4G Network
By End user:
- Telecom operators
- Enterprises
By Deployment mode:
- Cloud
- On-Premises
A full report of Virtual Evolved Packet Core Market available @ https://www.omrglobal.com/industry-reports/virtual-evolved-packet-core-market
Virtual Evolved Packet Core Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Nokia
- Ericsson
- Cisco
- Huawe
- Samsung
Reasons to Buying From us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
Visit more report at
https://www.linkedin.com/pulse/scaffold-technology-market-size-trends-latest-arti-vishwakarma-mlsof/
