Top Companies in Virtualized Evolved Packet Core Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research

The Global Virtualized Evolved Packet Core Market is valued at USD 4.1 Billion in 2021 and is projected to reach a value of USD 8.7 Billion by 2028 at a CAGR of 22.1% over the forecast period. Other factors contributing to this expansion include the rise in LTE subscribers and the rising demand for internet services over mobile networks. Also, the growth of this virtualized evolving packet core market is further driven by the continued development of 5G infrastructure, the increased emphasis on service quality and performance, and the growing demand for better customer service. Additionally, the market for virtualized evolving packet core is presented with many opportunities by the increasing adoption of the Internet of things (IoT) and machine-to-machine communication devices.

The Virtualized Evolved Packet Core market is influenced by several reasons, including the rising need for 5G network commercialization, expanding IoT deployment, and the increasing need to minimize operational expenditure (OPEX) and capital expenditure (CAPEX).

Well-known players like Cisco Systems Inc. (US), Telefonaktiebolaget LM Ericsson (Sweden), NEC Corporation (Japan), Mavenir (US), ZTE Corporation (China), Red Hat Inc. (US), Nokia Corporation (Finland), Huawei Technologies Ltd. (China), Affirmed Solutions Inc. (US), and Samsung Electronics Ltd. (South Korea), among others, dominate the Global Virtualized Evolved Packet Core market. In addition, the Virtualized Evolved Packet Core companies are concentrating on their partnerships, technological alliances, and product launch plans. As a result, market participants consistently expand their product offerings and create better analytical solutions.

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Let’s Take a Look at the Top Market Players that are Captivating the Virtualized Evolved Packet Core Market

• Cisco Systems Inc. (US)

This Company offers networking and information technology services. The business provides cloud computing, software development, data collaboration, enterprise network security, and other related services. Cisco Systems serves customers in the US.

• Telefonaktiebolaget LM Ericsson (Sweden)

This Company designs, develops, and produces network hardware, software, and services for business and network operations. Products for the enterprise, cable, mobile platform and power module industries are also part of the company's portfolio.

• NEC Corporation (Japan)

NEC Corporation offers services related to information technology. The company provides cloud computing, network control platform systems management, enterprise solution development, public solution development, public infrastructure development, and other services. NEC offers its services over all of Japan.

• Mavenir (US)

Mavenir offers networking solutions based on software. The company provides a session border controller, multimedia subsystem, evolving packet core, and voice, video, communication, and messaging services based on the Internet Protocol. Mavenir serves worldwide customers.

• ZTE Corporation (China)

This Company runs carrier network operations. The company provides wired and wireless access in addition to other services. ZTE also offers services for developing, manufacturing, marketing, and other aspects of smartphones.

• Red Hat Inc. (US)

Red Hat Inc. creates and offers open-source products and services, such as the Red Hat Linux operating system. The company's website provides a community of online open-source software users and developers and information and news about open-source software.

• Nokia Corporation (Finland)

Nokia is a major telecommunication provider worldwide. The company manufactures a wide variety of technological hardware and software, and it also runs international networks, sales, and communication channels.

• Huawei Technologies Ltd. (China)

Huawei Technologies Ltd. offers telecommunications and networking products. The business researches and develops servers, storage, security, and other networking solutions in addition to internet access and transmission networks. Business consultancy, network integration, assurance, managed services, learning, international delivery, and other services are also provided by Huawei Technologies.

• Samsung Electronics Ltd. (South Korea)

Samsung Electronics Ltd. produces various consumer and industrial electronic products, including semiconductors, personal computers, peripherals, monitors, televisions, and household appliances like air conditioners and microwaves. The company also manufactures mobile phones, telecommunications equipment, and solutions for Internet access networks.

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