Market Overview

Global Virtualised Evolved Packet Core (vEPC) Market 2018-2022 | Rising Use of Multimedia Services to Boost Demand | Technavio


analysts forecast the global virtualized evolved packet core (vEPC)
market to grow at a CAGR of more than 53% during the forecast period,
according to their latest market research report. The growth momentum of
the market is expected to accelerate in the year-over-year growth.

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Technavio forecasts the global virtualized evolved packet core (vEPC) market to grow at a CAGR of mo ...

Technavio forecasts the global virtualized evolved packet core (vEPC) market to grow at a CAGR of more than 53% by 2022. (Graphic: Business Wire)

Deployment of 5G infrastructure is one of the major trends being
witnessed in the global
virtualized evolved packet core (vEPC) market 2018-2022
. There
have been several advances in technology such as 5G in the
telecommunication industry. Increasing data traffic due to the use of
technologies such as IoT is encouraging MNOs to deploy 5G
infrastructure. 5G will enable faster data transfer and provisioning of
network services on demand. Thus, MNOs across the world are expected to
implement vEPC to enhance their networks to efficiently utilize radio
resources and increase their network capacity.

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According to Technavio analysts, one of the key factors contributing to
the growth of the global virtualized evolved packet core (vEPC) market
is the rising use of multimedia services:

Global virtualized evolved packet core (vEPC)
market: Rising use of multimedia services

Watching, reading, streaming and posting media content refer to the use
of multimedia services. The use of multimedia services is rising rapidly
due to the availability of access to multimedia services on mobile
devices and the rising volume of on-demand content due to the
availability of digital media. The rising use of multimedia services
increases mobile data traffic, which requires network operators to
expand their bandwidth. Thus, the rising use of multimedia services will
drive the growth of the global vEPC market during the forecast period.

According to a senior analyst at Technavio, "The use of smartphones
enables people to access their preferred multimedia services. In 2017,
on average, a person spent 31.6% of a day using multimedia services and
in 2018, 5.3% of the global population is expected to have access to the
internet, and eight out of every 10 internet users will use social
media. Thus, Intel recently introduced the Intel Xeon processor, which
is preconfigured with vEPC to add VMC capabilities to deliver services
to mobile subscribers."

Global virtualized evolved packet core (vEPC)
market: Segmentation analysis

The global virtualized evolved packet core (vEPC) market research report
provides market segmentation by the application (LTE, VoLTE, VoWiFi,
MPN, MVNO, IoT, M2M, and BWA) and by region (the Americas, EMEA, and
APAC). It provides an in-depth analysis of the prominent factors
influencing the market, including drivers, opportunities, trends, and
industry-specific challenges.

The Americas held the largest share of the market in 2017, accounting
for more than 46% share. It was followed by EMEA and APAC respectively.
The dominance of the Americas can be attributed to the rising use of
multimedia services and the increasing demand for VoLTE.

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  • Vendors covered
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