Global Virtualized Evolved Packet Core (vEPC) Market Size, Share & Industry Analysis Report By End User, By Deployment Mode (Cloud-based, On-premise, and Hybrid), By Application (IoT and M2M, LTE/VoLTE/VoWiFi, 5G Standalone (SA) Core, 5G Non-Standalone (N

The Global Virtualized Evolved Packet Core (vEPC) Market size is expected to reach $45.29 billion by 2032, rising at a market growth of 25.7% CAGR during the forecast period.

Key Highlights:

• The Asia Pacific market dominated Global Virtualized Evolved Packet Core (vEPC) Market in 2024, accounting for a 36.73% revenue share in 2024.
• The China market is projected to maintain its leadership in Asia Pacific, reaching a market size of USD 5.22 billion by 2032.
• Among the End User, the Telecom Operators segment dominated the North America market, contributing a revenue share of 56.75% in 2024.
• In terms of Deployment Mode, Cloud-based segment are expected to lead the Europe market, with a projected revenue share of 53.55% by 2032.
• The IoT and M2M market emerged as the leading Application in 2024, capturing a 37.08% revenue share, and is projected to retain its dominance during the forecast period.

The virtualized evolved packet core market has developed as a core component of modern telecom networks, allowing the transition from hardware-based EPC systems to cloud-driven, flexible architectures that support LTE-advanced, LTE, and early 5G deployments. The development began with the adoption of NFV, enabling key functions like PGW, MME, SGW, and PCRF to run on commercial servers rather than proprietary equipment. This transition enhanced scalability, reduced costs, and also provided operators with the agility to manage increasing data traffic driven by IoT expansion, broadband growth, and the rising use of video and cloud services. Governments’ digital infrastructure is developing compact solutions for smart infrastructure, industrial automation, enterprise connectivity, and smart infrastructure. With operators shifting towards 5G, vEPC is becoming a hybrid solution allowing non-standalone 5G rollouts while maintaining essential LTE functionalities.

The virtualized evolved packet core market continues to develop through trends like containerization, cloud-native architectures, edge-integrated cores, and private LTE/5G deployments that support low-latency applications. Leading market players are emphasizing cloud transformation, partnerships with global cloud providers, and R&D investments to improve automation, orchestration, and network scaling capabilities. They also adopt open standards to assure interoperability with telecom carriers and governments for large-scale connectivity projects. The competition in the market remains intense with participation from cloud companies, telecom OEMs, and software defined networking vendors.

Market Share Analysis

The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.

COVID 19 Impact Analysis

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End User Outlook

Based on End User, the market is segmented into Telecom Operators, Enterprises & Industrial Applications, MVNE / MVNOs, Government & Public Safety, and Cloud Service Providers. The Enterprises & Industrial Applications segment attained 14.01% revenue share in the market in 2024. The enterprises and industrial applications segment reflects a growing adoption landscape for vEPC, particularly as private networks, mission-critical automation, and edge-driven connectivity become increasingly important. Many industries are moving toward solutions that enable secure, low-latency, and high-capacity network performance, which supports continuous data processing and machine-level communication for digital operations.

Deployment Mode Outlook

Based on Deployment Mode, the market is segmented into Cloud-based, On-premise, and Hybrid. The On-premise segment attained 28.65% revenue share in the market in 2024. The on-premise deployment mode remains significant due to its role in secure, private, and direct infrastructure control, particularly suited for mission-critical network operations that require closed environments and strict regulatory compliance. This deployment structure enables organizations to maintain full governance over data flow, network configuration, and security layers while reducing reliance on third-party hosting environments.

Regional Outlook

Region-wise, the Virtualized Evolved Packet Core (vEPC) Market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment recorded 36.73% revenue share in the market in 2024. The virtualized evolved packet core market is estimated to experience substantial growth in the North America and Europe region. The market is driven by early 5G deployments, advanced telecom infrastructure, and strong government support for digital transformation. Vendors in these regions have largely adopted containerized vEPC and cloud-native solutions to reduce operational costs, enhance network flexibility, and support high-bandwidth applications like IoT, enterprise connectivity, and video streaming. OEMs collaborate with leading cloud vendors to offer private and hybrid LTE solutions, while regulators encourage innovation through smart city initiatives, spectrum allocation, and national broadband programs. The presence of technology startups and telecom equipment manufacturers propels competition, emphasizing automation, high performance, and integration with emerging 5G networks.

In the Asia Pacific and LAMEA regions, the virtualized evolved packet core market is witnessing significant growth over the projection period. The market is driven by increasing mobile broadband adoption, rising demand for private LTE and enterprise solutions, and expanding LTE networks. Governments in nations like China, South Africa, India, and China are supporting telecom modernization through digital inclusion initiatives, smart city projects, and infrastructure investments which propel vEPC integration. Operators emphasized scalable, cost-efficient, and modular virtualized cores to meet rising data traffic and industrial connectivity requirements. OEMs offer edge-enabled and compact vEPC solutions suitable for developing markets, allowing low-latency applications and faster 5G readiness. The market competition is driven by multinational OEMs, regional telecom operators, and software providers delivering cloud-integrated, flexible, and regionally compliant solutions.

List of Key Companies Profiled

• Nokia Corporation
• Ericsson AB
• Cisco Systems, Inc.
• Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
• ZTE Corporation
• Samsung Electronics Co., Ltd. (Samsung Group)
• NEC Corporation
• Tech Mahindra Limited
• Intel Corporation
• IBM Corporation

Global Virtualized Evolved Packet Core (vEPC) Market Report Segmentation

By End User

• Telecom Operators
• Enterprises & Industrial Applications
• MVNE / MVNOs
• Government & Public Safety
• Cloud Service Providers

By Deployment Mode

• Cloud-based
• On-premise
• Hybrid

By Application

• IoT and M2M
• LTE/VoLTE/VoWiFi
• 5G Standalone (SA) Core
• 5G Non-Standalone (NSA) Core
• Mobile Private Networks (MPN) and MVNO
• Broadband Wireless Access (BWA)

By Geography

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific
• LAMEA
• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

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