by Component (Solutions and Services(Professional and Managed)),Deployment Model (Cloud, On-premises),Network Type(4G and 5G) End User(Telecom operators, Enterprises)and Region - Global Forecast to 2026 , published by MarketsandMarkets™, the Virtualized Evolved Packet Core Market size 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 its cloud native architecture that will improve the modularity of products with greater emphasize on low latency, and higher bandwidth. The rapid rise in the volume of data being carried by cellular networks has been driven largely by consumer demand for video, and the shift of business toward the use of cloud services. The commercialization of 5G services in enterprises such as private 5G and availability of unlicensed and shared spectrum in the globe are expected to shape the future of the vEPC Market
Optimize your network with network function virtualization
Optimize your network with network function virtualization
F5 NFV ebook
With network traffic growth surging well ahead of revenue growth, service providers are working hard to streamline their networks. As a result, network function virtualization (NFV) is gaining momentum, particularly in the network core.
NFV is an attractive proposition, because it separates the network software from the network hardware, enabling service providers to adopt a single, low-cost hardware platform to run virtual machines. Want to learn more?
Check out this e-book to understand why NFV could be the next step in network optimization.
Network Function Virtualization (NFV) Market
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Global Network Function Virtualization (NFV) Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread) is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Global Network Function Virtualization (NFV) Market. Some of the key players profiled in the study are Opera Software, Connectem Inc., Huawei technologies Co. Ltd., Oracle Corporation, F5 Networ