Cloud segment continues to be the leading segment globally during the forecast period due to rising need to reduce the overall equipment costs.
Nowadays, increasing smartphone penetration and rising number of LTE subscribers has increased the penetration and growth of virtual evolved packet core market globally. Apart from that, several progressions in the networking industry like VoLTE, LTE, and 5G are anticipated to bolster the demand for solutions of virtual evolved packet core.
To elaborate further, a new study has been added to the wide database of Market Research Hub (MRH). This research report is titled “Virtual Evolved Packet Core (vEPC) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026”, which discourses market trends, curbing as well as influencing factors concerned with growth in the global virtual evolved packet core market.
Further, a deep analysis on the major players from diverse regions is also present in the report.
Report Enclosure and Key Highlights
The report initiates with the executive summary that presents a precise insight into the global virtual evolved packet core market. Readers can also access knowledge associated to crucial market numbers which include historical CAGR (2012-2017) as well as forecast CAGR (2018-2026).
vEPC is a mobile-core network system that accommodates LTE access systems. Presently, telecom operators are speedily adopting virtual evolved packet core solutions in order to deliver faster customer service and improve alliance with third-party software application vendors.
According to the research prime findings, the global virtual evolved packet core market is projected to grow at a robust 36.3% CAGR during the mentioned forecast period 2018-2026.
For a clear understanding, the report majorly focuses on some of the prime regions including the Middle East and Africa (MEA), Europe, Asia Pacific, North America, and Latin America. For each regional segment, the market size for future years has been analyzed which is based on revenue and market development between 2018 and 2026.
With the increase in the utilization of virtual evolved packet core, North America has accumulated highest share of revenue in the year 2017, which is also expected to grow at significant CAGR through 2026. Besides, Europe region is likely to witness substantial CAGR over the forecast period.
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Moreover, the report has segmented the market on the basis of component, deployment, end user, and application. The component segment includes solutions and services.
Major end-users are telecom operators and enterprises. On the other hand, application segment includes LTE, IoT & M2M, VoLTE & VoWiFi, BWA and MPN & MVNO.
Of these, IoT and M2M segment is expected to grow at highest CAGR over the forecast period.
For its readers, the report also examines competition landscape in the global market of virtual evolved packet core and profiles some of the key players, such as Huawei Technologies Co., Ltd., Intel Corporation, Ericsson AB, Nokia Corporation, ZTE Corporation, Cisco Systems, Inc., NEC Corporation, Mavenir, Affirmed Networks and ng4T GmbH.
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