Virtualized Evolved Packet Core (vEPC) Market Size Analysis, Industry Outlook, & Region Forecast, 2020-2026
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Virtualized Evolved Packet Core (vEPC) Market Size Analysis, Industry Outlook, & Region Forecast, 2020-2026
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Global Virtualized Evolved Packet Core (vEPC) Market to Reach $56.3 Billion by 2027
Amid the COVID-19 crisis, the global market for Virtualized Evolved Packet Core (vEPC) estimated at US$ 3.9 Billion in the year 2020, is projected to reach a revised size of US$ 56.3 Billion by 2027, growing at a CAGR of 46.2% over the period 2020-2027.
Solutions, one of the segments analyzed in the report, is projected to record 44.6% CAGR and reach US$ 35.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 49.5% CAGR for the next 7-year period.
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The Global Virtualized Evolved Packet Core (vEPC) Market is expected to grow from USD 3.9 billion in 2020 to USD 13.7 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 22.8% during the forecast period.
The vEPC market is gaining traction due to the evolution of cellular network technology, which has offered higher data speeds and lower latency. The vEPC market is gaining traction due to its cloud native and virtual machine based architecture that will improve the modularity of products.
Managed services segment is expected to grow at the highest CAGR during the forecast period