In a recent published report, Kenneth Research has updated the market report for Virtualized Evolved Packet Core Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Virtualized Evolved Packet Core Market products.
The Virtualized Evolved Packet Core is estimated to record a significant growth throughout the forecast period. The ICT sector constitutes 4.8% of the European economy. Europe’s organization ERDF i.e. European Regional Development Fund has allotted approximately USD 23 billion for investments related to ICT during the funding period 2014-2020. ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form.
Virtualized Evolved Packet Core (vEPC) is one of the most advanced mobile-core network systems that is picking up footing in the telecommunication division. The persistently growing client base isn’t really having a tremendous effect on the incomes for the part. In this manner, telecom organizations are searching for procedures that not just enable them to support coverage and capacity yet additionally diminish the general cost on activities. System administrators are progressively sending vEPC to advance their administration quality at a negligible expense.
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Progression in innovations, for example, 5G, IoT, and M2M, is likewise driving the adoption of vEPC. As these innovations keep on developing, they will make more noteworthy opportunities for advanced mobile-core network systems. The Global Virtualized Evolved Packet Core Market is expected to reach a valuation of 11,500 Mn and more in the year 2023.
The Global Virtualized Evolved Packet Core Market has been segmented on the basis of its component, deployment, use cases, end-user, and regional demand. Based on its component, the market is classified into services and solutions. On the basis of its deployment, the market is bifurcated as on cloud and on premise. On the basis of its use cases, the market is categorized into Broadband Wireless Access (BWA), IoT & M2M, LTE & VoLTE, MNO & MVNO. On the basis of its end-user, the market is bifurcated as enterprises and telecom operator.
Geographically, the Global Virtualized Evolved Packet Core Market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.
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Ericsson AB (Sweden), SAMSUNG (South Korea), ZTE Corporation (China), Mitel Networks Corporation (US), Affirmed Networks (US), Athonet S.R.L.(Italy), Nokia Corporation (Finland), Cisco System Inc. (US), Huawei Technologies Co. Ltd. (China), NEC Corporation (Japan), among others are some of the major players in the Global Virtualized Evolved Packet Core Market.
Table of Contents:
1 Executive Summary
2 Market Introduction
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
3 Market Insights
4 Research Methodology
4.1 Research Process
4.2 Primary Research
4.3 Secondary Research
4.4 Market Size Estimation
4.5 Forecast Model
5 Market Dynamics
5.2.1 Need to increase the capacity, coverage, and minimization of capital and operational expenditure
5.2.2 Growing demand of LTE communication technology, and smartphone users leading to virtualization of EPC
5.2.3 Drivers Impact Analysis
5.3.1 Disinclination for telecom vendors in transition from traditional infrastructure to virtualized infrastructure
5.4.1 Advancement in technologies such as 5G, IoT, and M2M
6 Market Factor Analysis
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6.1 Value Chain Analysis
6.1.1 Porter’s Five Forces Model
6.1.2 Threat of New Entrants
6.1.3 Bargaining Power of Suppliers
6.1.4 Bargaining Power of Buyers
6.1.5 Threat of Substitutes
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