Market Trends of Virtualized Evolved Packet Core (vEPC) Industry
This section covers the major market trends shaping the Virtualized Evolved Packet Core Market according to our research experts:
IoT & M2M Expected to Have Significant Growth
- IoT and M2M services segment is expected to have significant growth during the forecast period. vEPC has been deployed in the IoT packet core network by various mobile operators. vEPC solution providers are also preparing NFV solution for IoT cellular network. By implementing the vEPC solution in IoT core network enables, it becomes easy for the operator to bring superior connectivity for M2M devices and explore new services for customers.
- IoT and M2M will be the most significant opportunity for vEPC solution providers in the upcoming years due to the increasing number of deployments done by telecom operators in the North American, APAC, and MEA regions.
- vPEC enables IoT opportunities for various mobile operators. IoT applications have very different network requirements than the smartphone and tablets that predominate in the current networks.
- AT&T makes use of vPEC to fuel European IoT business. The company has a virtualized evolved packet core (vEPC) network to handle its growing Internet of Things (IoT) traffic in Europe. That IoT traffic is primarily from General Motor’s OnStar service, which AT&T powers in selected European countries.
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North America Expected to Have Significant Market Share
- North America region is expected to have significant market share for vEPC solution providers due to the presence of big telecom giants. Mobile operators are using their networks such as (Internet of Things) IoT, Machine to machine (M2M), and wireless broadband. In 2018, The US government has planned to rollout Citizens Broadband Radio Service (CBRS) band for private operators and enterprises which will act as a catalyst for the growth of vEPC solution in the enterprise's segment. There is increasing use of multimedia services and the increasing demand for VoLTE is responsible for the growth of the market in this region.
- Due to the presence of advanced telecom network infrastructure and increased adoption of 4G technology, the market is witnessing propelled growth in the region. Furthermore, the presence of many telecom giants in the region and supportive government initiatives are assessed to augment the virtualized evolved packet core market.
- Many companies providing virtualized evolved packet core solutions belong to this region. For instance, Mavenir Inc. is a leading provider of vEPC solutions and services. The company offers 5G-equipped, software-centred solution for CSPs, enterprises, and application providers. It also provides cloud-based NFV and SDN solutions.
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