Virtualized Evolved Packet Core (vEPC) Market | Increasing Demand for VoLTE to Upheave Growth Through 2024 | Technavio
Set to grow by USD 17.51 billion during 2020-2024, Technavio’s latest market research report estimates the virtualized evolved packet core (vEPC) market to register a CAGR of almost 56%. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Virtualized Evolved Packet Core (vEPC) Market 2020-2024 (Graphic: Business Wire)
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Affirmed Networks, Athonet Srl, Cisco Systems Inc., Huawei Investment & Holding Co. Ltd., Mavenir Systems Inc., NEC Corp., Nokia Corp., Samsung Electronics Co. Ltd., Telefonaktiebolaget LM Ericsson, and ZTE Corp. are some of the major market participants. The rising use of multimedia services will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Virtualized Evolved Packet Core (vEPC) Market 2020-2024: Segmentation
Virtualized Evolved Packet Core (vEPC) Market is segmented as below:
- LTE, VoLTE, And VoWiFi
- MPN And MVNO
- IoT And M2M