Rise in adoption of LTE mobile network as well as rapid growth in adoption of smartphones is the major factor that drives the virtual packet core deployment market. Moreover, growth in need for increased bandwidth to run mobile networks has made telecommunication operators search for more cost-effective solutions, which can reduce OpEx and CapEx in organizations drives growth of the virtual packet core deployment market.
With growth in network infrastructure across the globe, the virtual packet core deployment market is also on the rise. However, reluctancy in transiting from transitional infrastructure to virtualized infrastructure hinders growth of the virtual packet core deployment market. Contrarily, emergence of internet of things, 5G technology, and machine to machine act as opportunistic factor for the virtual packet core deployment market.
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As organizations look for new ways to lower costs, accelerate time-to-market for differentiated services, expand business productivity and collaboration applications, and prepare their networks for the 5G era, they are working on agility, scalability, and cost advantages of cloud in conjunction with new network technologies such as virtual pocket core deployment platform, so that organizations can automate and accelerate delivery of innovative services to drive new opportunities for business growth, revenue potential, and productivity enhancement while introducing 5G technology.
Growth in network infrastructure across the globe encourages technological advancements and developments in the virtual packet core deployment market. For instance, Alcatel-Lucent virtualized Evolved Packet Core (vEPC) is a set of software products and licenses that virtualizes all network functions of the mobile packet core, as described in the following sections.
vEPC is a new deployment option that is offered for Alcatel-Lucent IP Mobile Core solution. It uses same field-proven application software from each of its products in solutions and is identical to the IP Mobile Core, which supports converged 2G/3G/LTE and Wi-Fi networks. This functionality gives mobile network operators the ability to seamlessly interoperate the IP Mobile Core vEPC and the physical packet core network functions.
Major players analyzed in the market include Affirmed Networks Inc., Athonet S.R.L., Cisco Systems, Inc., Huawei Technologies Co., Ltd., Mavenir, NEC Corporation, Nokia Corporation, Samsung Group, Telefonaktiebolaget LM Ericsson, and ZTE Corporations.
Key benefits of the report:
- This study presents analytical depiction of the global virtual packet core deployment industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global virtual packet core deployment market share.
- The current market is quantitatively analyzed from 2021 to 2027 to highlight the global virtual packet core deployment market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global market analysis based on competitive intensity and how the competition will take shape in coming years.
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