The Virtualized Evolved Packet Core Market is experiencing significant growth and is projected to continue expanding in the coming years. With an anticipated increase from $6.66 billion in 2024 to $7.9 billion in 2025, the market is expected to grow at a compound annual growth rate (CAGR) of 18.5%. This growth can be attributed to various factors such as the deployment of 5G, the expansion of 4G LTE, cloud computing proliferation, regulatory compliance, and increased service innovation.
Looking ahead, the market size for virtualized evolved packet core is forecasted to reach $15.41 billion by 2029, with an 18.2% CAGR. During this period, key drivers of growth include the trend of network function virtualization (NFV), integration of software-defined networking (SDN), adoption of telco cloud initiatives, surge in mobile data traffic, and growing demand for edge computing. Emerging trends are expected to include 5G network rollouts, cloud-native vEPC solutions, hybrid cloud models, edge computing facilitation, and service-oriented architectures.
One of the main catalysts for growth in the virtualized evolved packet core market is the surge in mobile data traffic. This increase is driven by the expansion of 4G and 5G networks, the popularity of social media and video streaming, and the widespread use of smartphones. The vEPC plays a crucial role in managing this growing mobile data traffic by enabling network operators to scale and enhance their networks to meet the demand for high-speed data services.
Leading companies at the forefront of virtualized evolved packet core market development include Samsung Electronics, Dell Technologies, Huawei Technologies, Intel Corporation, Cisco Systems, and others. These companies are making advancements in single packet core (SPC) technology to improve network efficiency and ensure seamless connectivity across different generations of mobile networks.
The market is segmented by component, deployment mode, application, and end-user, with subsegments for solutions and services. Key regions driving growth in the virtualized evolved packet core market include North America, which was the largest region in 2024, and Asia-Pacific, expected to be the fastest-growing region in the forecast period.
In conclusion, the Virtualized Evolved Packet Core Market is poised for significant growth, driven by factors such as the surge in mobile data traffic, advancements in technology, and increasing demand for high-speed data services. With key players leading the way in innovation and development, the market is set to continue expanding in the coming years.