The global vEPC market is 8.4 billion for 2023 and is expected to be worth USD 19.9 billion by 2028, growing at a CAGR of 18.7% during the forecast period. The deployment of 5G networks and the need for flexible and agile core network solutions is driving the growth of the vEPC market.
The major players in the vEPC market are Nokia (Finland), Ericsson (Sweden), Cisco(US), Huawei (China), ZTE (China), Samsung (South Korea), Affirmed Networks(US), Mavenir(US), NEC(Japan), Athonet(Italy), Cumucore(Finland), Druid Software(Ireland), IPLook (China), Tech Mahindra (India), Parallel Wireless (US), Polaris Networks (US), Xingtera (US), Lemko (US), Tecore(US), and Telrad Networks (Israel).
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Mavenir, a leading provider of network software solutions, is making significant strides in the vEPC market. With its innovative approach to virtualized core network solutions, Mavenir offers operators and service providers the flexibility, scalability, and cost-efficiency they need to meet the demands of 4G and 5G networks. Mavenir’s vEPC solution delivers seamless connectivity, low latency, and efficient network management, empowering businesses to unlock the full potential of mobile communications and deliver enhanced services to their customers. With a strong focus on innovation and customer-centric solutions, Mavenir is driving the evolution of the vEPC market and shaping the future of mobile network architectures.
Affirmed Networks, a leading virtualized mobile network solutions provider, plays a crucial role in the vEPC market. With its comprehensive portfolio of vEPC products, Affirmed Networks enables operators to build and scale their mobile networks more efficiently. The company's vEPC solutions offer advanced features like network slicing, edge computing, and cloud-native architecture, providing operators with the flexibility and agility needed to deliver high-performance connectivity and support emerging technologies. Affirmed Networks' focus on innovation, reliability, and customer satisfaction positions it as a key player in driving the adoption of vEPC and shaping the future of mobile networks.
Virtualized Evolved Packet Core (vEPC) Market by Offering (Solutions and Services (Professional and Managed)), Deployment Model (Cloud, On-premises), Network Typ (4G and 5G), End User (Telecom Operators, Enterprises) and Region - Global Forecast to 2028
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