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Virtualized Evolved Packet Core (vEPC) Market Worth $17.05 Billion by 2028 - Market Size, Share, Forecasts, & Trends Analysis Report with COVID-19 Impact by Meticulous Research®

Virtualized Evolved Packet Core Market by Component (Solution, Services), Application (LTE and VoLTE, IoT and M2M, MPN and MVNO), Deployment Mode (On-premise, Cloud), End User (Telecom, Enterprises, and Others) - Global Forecast to 2028

Redding, California, Jan. 27, 2022 (GLOBE NEWSWIRE) -- According to a new market research report titled Virtualized Evolved Packet Core (vEPC) Market by Component (Solution, Services), Application (LTE and VoLTE, IoT and M2M, MPN and MVNO), Deployment Mode (On-premise, Cloud), End User (Telecom, Enterprises, and Others) - Global Forecast to 2028”, published by Meticulous Research®, the virtualized evolved packet core market is expected to reach $17.05 billion by 2028, at a CAGR of 23.4% during the forecast period of 2021 to 2028.

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A virtualized evolved packet core (vEPC) is a framework for a mobile network's voice and data processing and switching that is implemented by network functions virtualization (NFV), which virtualizes the functions of an evolved packet core (EPC). Virtualized evolved packet core solution offers mobile network operators the agility and flexibility necessary to keep up with traffic demand, scale their networks, and deliver differentiated services. Also, it supports capabilities such as control plane/user plane separation (CUPS), 5G non-standalone (NSA), network slicing, integrated virtual probe, virtualized Deep Packet Inspection (DPI), Gateway Internet for Local Academic Network (GiLAN), analytics and security services, virtualized Wi-Fi, and automation and orchestration solution.

The steady growth of the virtualized evolved packet core market is mainly attributed to the growing mobile data traffic volume, increasing need to reduce operational expenditure (OPEX) and capital expenditure (CAPEX), IoT deployment, agile networks, and increasing demand for broadband services over mobile networks. Furthermore, the increasing adoption of cloud-native 5G core and growing investment in 5G network is creating new growth opportunities for vendors in the virtualized evolved packet core market. However, the growing security risks associated with virtualized evolved packet core infrastructure and lack of awareness about virtualized evolved packet core solutions pose serious challenges to the adoption of virtualized evolved packet core solutions.

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