Market Scenario:
The Virtualized Evolved Packet Core Market is likely to reach USD 11568.8 million at a favorable 51.7% CAGR by 2023, states the latest Market Research Future (MRFR) report.
Drivers
Growing Demand for Increased Bandwidth to Boost Market Growth
The growing requirement for increased bandwidth for running mobile networks had made the telecommunication operators in searching for cost-effective solutions that will boost the market growth over the forecast period.
The Virtualized Evolved Packet Core Market is likely to reach USD 11568.8 million at a favorable 51.7% CAGR by 2023, states the latest Market Research Future (MRFR) report.
Drivers
Growing Demand for Increased Bandwidth to Boost Market Growth
The growing requirement for increased bandwidth for running mobile networks had made the telecommunication operators in searching for cost-effective solutions that will boost the market growth over the forecast period.
Opportunities
Increasing Penetration of IoT and Machine to Machine Communication Devices to offer Robust Opportunities
The increasing penetration of IoT and machine to machine communication devices will offer robust opportunities for the market in the forecast period.
Increasing Penetration of IoT and Machine to Machine Communication Devices to offer Robust Opportunities
The increasing penetration of IoT and machine to machine communication devices will offer robust opportunities for the market in the forecast period.
Restraints
Rising Security Concerns to act as Market Restraints
The rising security concerns may act as a market restraint over the forecast period.
Rising Security Concerns to act as Market Restraints
The rising security concerns may act as a market restraint over the forecast period.
Challenges
Integration of vEPC with Existing Mobile Core Systems to act as Market Challenge
The integration of vEPC with existing mobile core and back-office systems will act as market challenge over the forecast period.
Integration of vEPC with Existing Mobile Core Systems to act as Market Challenge
The integration of vEPC with existing mobile core and back-office systems will act as market challenge over the forecast period.
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Competitive Outlook:
Eminent industry players profiled in the global virtualized packet core market report include Nokia Corporation (Finland), Cisco System Inc. (US), Ericsson AB (Sweden), Samsung Electronics (South Korea), Huawei Technologies Co. Ltd (China), NEC Corporation (Japan), ZTE Corporation (China), Mitel Networks Corporation (US), Affirmed Networks (US), and Athonet S.R.L. (Italy).
Competitive Outlook:
Eminent industry players profiled in the global virtualized packet core market report include Nokia Corporation (Finland), Cisco System Inc. (US), Ericsson AB (Sweden), Samsung Electronics (South Korea), Huawei Technologies Co. Ltd (China), NEC Corporation (Japan), ZTE Corporation (China), Mitel Networks Corporation (US), Affirmed Networks (US), and Athonet S.R.L. (Italy).
The global virtualized packet core market is both fragmented and also competitive for the presence of different international & domestic key players. These players have incorporated innovative strategies to remain at the vanguard and also suffice the burgeoning demand of the customers including collaborations, contracts, partnerships, joint ventures, geographic expansions, & new product launches and more. Besides, they are also investing in various research and development activities.
Segmentation:
The virtualized evolved packet core market is bifurcated based on end user, use case, deployment, and component.
The virtualized evolved packet core market is bifurcated based on end user, use case, deployment, and component.
By component, the services segment will lead the market over the forecast period for the increasing commercialization and testing of 5G-ready solutions.
By deployment, the on-premise segment will dominate the market over the forecast period.
By use case, the IoT and M2M segment will spearhead the market over the forecast period.
By end user, the telecom operator segment will have t
Regional Analysis:
North America to Lead Virtualized Evolved Packet Core Market
North America will lead the virtualized evolved packet core market over the forecast period. The presence of major technical players, robust infrastructure, expansion of LTE-advanced and LTW networks, telecom operators rolling out new applications like wireless broadbands, M2M, and IoT, and favorable government initiatives are adding to the virtualized evolved packet core market growth in the region.
North America to Lead Virtualized Evolved Packet Core Market
North America will lead the virtualized evolved packet core market over the forecast period. The presence of major technical players, robust infrastructure, expansion of LTE-advanced and LTW networks, telecom operators rolling out new applications like wireless broadbands, M2M, and IoT, and favorable government initiatives are adding to the virtualized evolved packet core market growth in the region.
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Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
Continued…
Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
Continued…
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Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.
The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research.
Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.
The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research.
Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
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