Virtualized Evolved Packet Core Market Report 2025

This virtualized evolved packet core market report delivers an in-depth analysis of the market’s key characteristics, including size, growth potential, and segmentation. It provides a detailed breakdown of the market across major regions and leading countries, highlighting historical data and future growth projections. The report also examines the competitive landscape, market share insights, emerging trends, and strategic developments shaping the market.

The virtualized evolved packet core market size has grown rapidly in recent years. It will grow from $6.66 billion in 2024 to $7.9 billion in 2025 at a compound annual growth rate (CAGR) of 18.5%. The growth in the historic period can be attributed to 5G deployment initiatives, 4G LTE expansion, cloud computing growth, regulatory compliance, and increased service innovation.

The virtualized evolved packet core market size is expected to see rapid growth in the next few years. It will grow to $15.41 billion in 2029 at a compound annual growth rate (CAGR) of 18.2%. The growth in the forecast period can be attributed to network function virtualization (NFV) movement, increased SDN integration, telco cloud initiatives, an increase in mobile data traffic, and demand for edge computing. Major trends in the forecast period include 5G network deployment, cloud-native vEPC solutions, hybrid cloud deployments, edge computing integration, and service-oriented architectures.

The growth of the virtualized evolved packet core (vEPC) market is expected to be driven by the rising mobile data traffic. Mobile data traffic encompasses the amount of data transmitted over mobile networks, influenced by the expansion of 4G and 5G networks, the increasing use of social media and video streaming services, and the growing number of smartphones. vEPC plays a crucial role in managing this surge in mobile data traffic by allowing network operators to scale and optimize their networks effectively to meet the demand for high-speed data services. For example, a November 2023 report from Ericsson, a Sweden-based company, projects a 20%-30% annual increase in mobile traffic across more regions in the coming years, with varying growth rates expected until 2029. Thus, the rising mobile data traffic is propelling the growth of the vEPC market.

Key players in the vEPC market are focusing on developing single packet core (SPC) technology to improve network efficiency and ensure seamless connectivity across various generations of mobile networks. SPC technology provides a unified system that manages both data and voice services across 2G, 3G, and 4G networks, optimizing network performance. For instance, in August 2024, Huawei Technologies Co. Ltd., a China-based telecommunications equipment company, and Orange Egypt Telecommunications SAE, an Egypt-based telecom services provider, introduced the first bare-metal container for mobile networks in Egypt. This innovative product integrates SPC technology, supporting 2G, 3G, and 4G networks and advancing vEPC solutions as part of Egypt’s Vision 2030 infrastructure upgrade.

In April 2024, Lumine Group, a Canadian company specializing in communications and media software, acquired Axyom Cloud Native 5G Core Software and RAN Assets from Casa Systems for an undisclosed amount. This acquisition enables Lumine to broaden its offerings in cloud-native 5G technology, focusing on core network functions and radio access networks (RAN). Casa Systems is a US-based provider of vEPC systems.

Major companies operating in the virtualized evolved packet core market are Samsung Electronics Co. Ltd., Dell Technologies Inc., Huawei Technologies Co. Ltd., Intel Corporation, Cisco Systems Inc., Broadcom Inc., Hewlett Packard Enterprise Company, Fujitsu Limited, Tata Consultancy Services Limited, Telefonaktiebolaget LM Ericsson, Nokia Corporation, NEC Corporation, ZTE Corporation, CommScope Holding Company Inc., Keysight Technologies Inc., Juniper Networks Inc., Amdocs Limited, Ciena Corporation, Infinera Corporation, Alcatel-Lucent Enterprise (ALE International SAS), Mavenir Systems Inc., Radisys Corporation, Casa Systems Inc., Affirmed Networks Inc., ASOCS Ltd.

North America was the largest region in the virtualized evolved packet core market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the virtualized evolved packet core market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the virtualized evolved packet core market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A virtualized evolved packet core (vEPC) is a mobile network architecture that utilizes network function virtualization (NFV) to enhance the capabilities of the evolved packet core (EPC). The EPC, essential for LTE and 5G networks, manages data traffic, user sessions, quality of service (QoS), and connectivity to the internet and other networks. vEPC enables mobile network operators to efficiently manage and deliver services across multiple generations of mobile technology, such as 4G and 5G, by virtualizing core network functions typically found in dedicated hardware.

The main components of a virtualized evolved packet core include solutions and services. Solutions refer to the software and platforms that allow telecom operators to manage their core network functions virtually. Deployment modes for vEPC include cloud and on-premises options. vEPC supports various applications such as long-term evolution (LTE), voice-over long-term evolution (VTE), the internet of things (IoT), machine-to-machine (M2M) communication, the most probable number (MPN), and mobile virtual network operators (MVNO). These solutions cater to different end users, including telecom operators and enterprises.

The virtualized evolved packet core market research report is one of a series of new reports that provides virtualized evolved packet core market statistics, including virtualized evolved packet core industry global market size, regional shares, competitors with a virtualized evolved packet core market share, detailed virtualized evolved packet core market segments, market trends and opportunities, and any further data you may need to thrive in the virtualized evolved packet core industry. This virtualized evolved packet core market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The virtualized evolved packet core market consists of revenues earned by entities by providing services such as deploying and managing virtualized network functions, cloud-based core solutions, network optimization, and ongoing support for mobile network infrastructure. The market value includes the value of related goods sold by the service provider or included within the service offering. The virtualized evolved packet core market also includes sales of hardware, servers, storage, network infrastructure, and network management tools. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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