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(MoneyNewsWire.Net, January 10, 2019 ) Virtual Evolved Packet Core (vEPC) market size will grow from XX Million USD in 2018 to XX Million USD by 2024, at an estimated CAGR of XX%. The base year considered for the study is 2017, and the market size is projected from 2019 to 2024.
Growing need for flexible and elastic networks, increasing smart phone penetration, rising number of LTE subscribers has increased the penetration and growth of virtual evolved packet core market globally. Increasing need for savings in capital expenditure (CapEx) and operational expenditure (OpEx), the adoption of virtual evolved packet core solution by enterprises is increasing. Growing consumer demand for high speed data networks for reliable connectivity and mobility has increased the demand for virtual evolved packet core solutions. The numerous advancements in networking industry such as 5G, LTE and VoLTE are expected to boost the demand for virtual evolved packet core solutions.
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By Market Players:
Ericsson AB, ng4T GmbH, Nokia Corporation, ZTE Corporation, Huawei Technologies Co., Ltd., Cisco Systems Inc., Intel Corporation , NEC Corporation , Mavenir , Affirmed Networks
By Component
Solution, Services,
By Deployment
Cloud, On-Premise,
By End User
Telecom Operators, Enterprises,
By Application
LTE, IoT & M2M, Volte & VoWiFi, BWA, MPN & MVNO
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