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The Global Virtualized Evolved Packet Core (vEPC) Market 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 the evolution of cellular network technology, which has offered higher data speeds and lower latency. The vEPC market is gaining traction due to its cloud native and virtual machine based architecture that will improve the modularity of products.
Managed services segment is expected to grow at the highest CAGR during the forecast period
Managed services in the vEPC market outsource a complete network or a part of it on a proactive management basis to improve the network operations and reduce the organizational expenses. These services outsource solutions related to network security, and storage, desktop, server, host
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The global 5G core market size is projected to grow from USD 630 million in 2020 to USD 9,497 million by 2025, at a Compound Annual Growth Rate (CAGR) of 72.0% during the forecast period.
The 5G core market is gaining traction due to the evolution of cellular network technology, which has offered higher data speeds and lower latency. The 5G core market is gaining traction due to its cloud-native and service-based architecture that will improve the modularity of products with greater emphasis on low latency, URLLC, eMBB, and mMTC offerings.
The managed services segment is expected to grow at the highest CAGR during the forecast period