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Virtualized Evolved Packet Core (VEPC) Market

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Virtualized Evolved Packet Core (VEPC) Market Size (current and future)

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Global Virtualized Evolved Packet Core (VEPC) Market Size By Component (Solutions, Services), By Application (LTE, VoLTE, and VoWiFi, IoT and M2M, MPN and MVNO, and BWA), By End-User (Telecom Operators, Enterprises), By Geographic Scope And Forecast

Virtualized Evolved Packet Core (VEPC) Market Size And Forecast
According to Verified Market Research, the Global Virtualized Evolved Packet Core (VEPC) Market was valued at USD 3.91 Billion in 2020 and is projected to reach USD 20.02 Billion by 2028, growing at a CAGR of 22.76% from 2021 to 2028.

 

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Virtualized Evolved Packet Core (VEPC) Market

It is estimated that the demand for VEPC is set to rise due to several factors, such as the growing adoption of cloud technology and data centre virtualisation in the BSS/OSS market. The rising adoption of cloud-based solutions among enterprises across various verticals is one of the major factors driving the growth of the VEPC market. Companies across various industry verticals are moving towards adopting cloud-based solutions to reduce costs and improve productivity.

 

The VEPC market is growing rapidly because of its wide range of benefits, such as cost-effective network migration from legacy equipment and infrastructure to converged network platforms with enhanced security features. This helps improve the customer experience while ensuring compliance with industry regulations.

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