Virtual Evolved Packet Core Market Is Expected To Reach Usd 4 Billion By 2023
Posted by Vilas MRFR on August 2nd, 2019
In the area of 4G LTE (Long Term Evolution) networks, there is a necessity for virtualizing the core functions to combine voice and data networks. To reconcile these networks, a framework known as virtualized evolved packet core (vEPC) is helpful which can run on individual components such as hardware and software which are operated on low-cost COTS (low-cost commercial off the shelf) servers. VEPC helps in lowering operational and capital expenditures by minimizing dependency on hardware and by increasing speed service delivery. With the implementation of vEPC, mobile providers can mix the individual network components as per the needs of the customers.
The progression of the Internet of Things (IoT), rapid growth in data traffic by usage of smartphones and popularity of online videos are the significant drivers of the global virtualized evolved packet core market. The curtailing of operational and capital expenditures are fuelling the market growth. Virtualized evolved packet core helps in combining 4G, 3G, 2G, and small cell networks into a single solution which can be provided as virtualized services thereby reducing the cost of operation by 30 to 40%. The vEPC can be easily controlled or tacked even it is dispersed in different networks or different geographies.
Request Free Sample Report @ https://www.marketresearchfuture.com/sample_request/5616
The global virtualized evolved packet core market is segmented into component, deployment, use case, end-users, and region. On the basis of component, the segment is further classified into solution and services. The solutions are mobility management entity (MME), home subscriber server (HSS), server gateway (SGW), packet data network gateway (PDN GW) and others. The services are further classified into professional services and managed services. On the basis of deployment the segment is further classified into on-cloud and on-premise. On the basis of use case, the segment is further classified into broad band wireless access (BWA), LTE & VOLTE, IoT & M2M, MPN & MVNO and others. The end users of virtualized evolved packet core market are enterprises and telecom operators.
North America holds the largest market share for global Virtual Evolved Packet Core Market. The presence of significant market players and early adoption of vEPC among enterprises is majorly driving the market in this region and is expected to continue through the forecast period. Radisys Corporation, a global leader in open telecom solutions, is working with Qualcomm technologies Inc. to deploy their eNodeB software to deliver an integrated, pre-validated and tested solution for Qualcomm chipsets. These chipsets are capable of providing an end-to-end RAN SoC (system on a chipset) targeted for small cells and CBRS deployments. This solution helps in providing the path for the 5G network where network slicing is the primary requirement.
Asia Pacific is anticipated to show significant growth rate during the forecast period. The rising demand for cost-effective packet core technology and rising data demands from enterprises are primarily driving the market in the region. Samsung Electronics Co., Ltd, a South Korean Multinational Electronics company, has deployed their virtualized Adaptiv core solution for SK Telecom a South Korean telecommunications operator. The company’s core solution is built on standardized server hardware capable of managing IT systems in the entire network. The critical responsibility of the solution is the management of traffic from the Internet of Things. The SK telecom will be benefitted by minimizing the infrastructural extension costs and leveraging network resources.
Some of the key players in global virtualized evolved packet core market are Affirmed Networks (U.S.), Ericsson (Sweden), Huawei Technologies (China), Mavenir (U.S.), ZTE Corporation (China), Athonet (Italy), Cisco Systems (U.S.), NEC Corporation (Japan), Nokia Corporation (Finland), Samsung Electronics (South Korea), ExteNet Systems (U.S.), Telrad Networks (Israel), and Core Network Dynamics (Germany) among others.
Check Discount @ https://www.marketresearchfuture.com/check-discount/5616
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
+1 646 845 9312
Like it? Share it!
About the AuthorVilas MRFR
Joined: June 3rd, 2019
Articles Posted: 51
More by this author