DUBLIN--(BUSINESS WIRE)--The "Virtualized Evolved Packet Core (vEPC) Market by Component (Solution & Service), Deployment Type (Cloud & On-Premises), End-User (Telecom Operator & Enterprise), Use Cases (LTE, Volte, & VoWiFi; BWA, IoT & M2M) & Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The virtualized Evolved Packet Core (vEPC) market 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.
The major factors driving the Virtualized EPC market growth are rapid growth in the number of Long Term Evolution (LTE) mobile subscribers, minimization in Capital Expenditure (CapEx) and Operational Expenditure (OpEx), and growing network infrastructure across the globe.
North America is expected to have the largest share in the market during the forecast period. Driven by the expansion of LTE and LTE-advanced (LTE-A) networks in the region, CSPs are looking for new innovative solutions to standardize their 4G/LTE business models, provide better customer service, and measure the service quality and performance. APAC is expected to grow at the highest CAGR during the forecast period, as the region has the presence of big giant telecom operators that are gradually embracing the adoption of the Virtualized EPC solution on their network.
- Minimization of CapEx and OpEx
- Increasing LTE Mobile Subscribers and Penetration of Smartphones
- Growing Network Infrastructure Across the Globe
- Reluctancy in Transiting from the Legacy Infrastructure to Virtualized Infrastructure
- Emergence of IoT and M2M
- Prominence of 5G
- Low Availability of Skilled Workforce
- Security Concerns
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Virtualized Evolved Packet Core Market, by Component
7 Virtualized Evolved Packet Core Market, by Deployment Type
8 Virtualized Evolved Packet Core Market, by End-User
9 Virtualized Evolved Packet Core Market, by Use Case
10 Virtualized Evolved Packet Core Market, by Region
11 Competitive Landscape
12 Company Profiles
- Affirmed Networks
- Athonet SRL
- Cisco Systems
- Huawei Technologies
- NEC Corporation
- Nokia Corporation
- ZTE Corporation
For more information about this report visit https://www.researchandmarkets.com/research/693x34/global?w=4