|
Home | Technology News Search Engine:
|
|
|
|
Home: Technology News:
|
|
|
(IT-NEWSWIRE.COM, July 30, 2018 ) According to a new market research report "Virtualized Evolved Packet Core (vEPC) Market by Component, Deployment Type (Cloud & On-Premises), End-User (Telecom Operators & Enterprises), Use Case (LTE, Volte, & VoWiFi; BWA, IoT & M2M, MPN & MVNO), and Region - Global Forecast to 2022", The vEPC market size is expected to grow from USD 968.9 Million in 2017 to USD 7,975.3 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 52.4% during the forecast period.
Savings in Capital Expenditure (CapEx) and Operational Expenditure (OpEx), increasing Long-Term Evolution (LTE) mobile subscribers across the globe, and growing network infrastructure across the globe are some of the factors driving the growth of the vEPC market.
Telecom operator segment is expected to have a larger market size during the forecast period.
In the end-user segment, the telecom operator is expected to have a larger market size as compared to the enterprise end-user during the forecast period. As telecom operators are facing major challenges such as upgradation of their legacy systems to meet the changing demand of the end-customers, intense competition, high OpEx and CapEx, and lower RoI, they are looking more scalable and cost-effective solutions. This is expected to be the major reason for the rapid adoption of vEPC by the telecom operators.
Download PDF Brochure- https://www.marketsandmarkets.com/pdfdownload.asp?id=45409339
Internet of things (IoT) and Machine to Machine (M2M) segment is expected to be the fastest growing segment during the forecast period.
Under the use cases segment, the IoT and M2M services segment is expected to grow at the highest CAGR during the forecast period. vEPC has been rapidly deployed in the IoT packet core network by mobile operators. vEPC solution providers are preparing NFV solution for IoT cellular network. Deploying the vEPC solution in IoT core network, enables operator to bring superior connectivity for M2M devices and explore new services for customers. IoT and M2M will be the biggest opportunity for vEPC solution providers in the upcoming years owing to the increasing number of deployments done by telecom operators in the North American, APAC, and MEA regions.
North America is expected to have the largest market size; Asia Pacific (APAC) to grow at the highest rate during the forecast period.
North America is expected to hold the largest share in the global vEPC market during the forecast period. The region is the biggest market for vEPC solution providers due to the presence of big telecom giants. Mobile operators are rolling out new use cases using their networks such as (Internet of Things) IoT, Machine to machine (M2M), and wireless broadbands. The US government has planned to rollout Citizens Broadband Radio Service (CBRS) band for private operators and enterprises in 2018, which will act as a catalyst for the growth of vEPC solution in the enterprises segment.
APAC is expected to grow at the highest CAGR during the forecast period. Mobile operators in the countries such as Japan, South Korea, and China are the early adopters of the vEPC solution. The operators have implemented virtualized network components on their network for Voice over LTE (VoLTE), IoT, and M2M communication. Majority of operators and enterprises in the APAC region are still using traditional EPC solution, which is expected to shift towards vEPC solutions.
Key players in the vEPC market include Affirmed Networks (US), Ericsson (Sweden), Huawei Technologies (China), Mavenir (US), ZTE Corporation (China), Athonet (Italy), Cisco Systems (US), NEC Corporation (Japan), Nokia Corporation (Finland), Samsung (South Korea), and the key innovators includes ExteNet Systems (US), Telrad Networks (Israel), and Core Network Dynamics (Germany).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
MarketsandMarkets
Mr. Shelly Singh
1-888-600-6441
sanketang714@gmail.com
Source: EmailWire.Com 
Source: EmailWire.com
|
|
|
|
|
Technology News Headlines
|
|
|
|
|
Technology Business Video Feed
|
|
More Technology Video Feeds
|
|
|
