The Global Virtualized Evolved Packet Core (vEPC) Market will Hit USD 45.29 Billion by 2032, at a CAGR of 25.7%

Virtualized Evolved Packet Core (vEPC) Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, 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.

The concept of the Evolved Packet Core (EPC) emerged with the standardization of the fourth-generation (4G) Long Term Evolution (LTE) mobile networks by 3GPP under the broader architecture known as System Architecture Evolution (SAE). EPC replaced legacy circuit-switched cores by an all-IP, packet-based core network capable of handling high-volume data traffic, integrating diverse radio access technologies (e.g., LTE, Wi-Fi), and supporting services such as mobility, session management, policy control, billing, and packet switching.

The Telecom Operators segment is experiencing a CAGR of 24.7 % during the forecast period. The telecom operators segment represents the largest area of adoption within the virtualized evolved packet core space, driven by the widespread need to virtualize network functions, enhance spectral efficiency, and support exponential mobile data growth. This segment relies heavily on vEPC to deliver improved voice and data services across expanding subscriber bases, as well as to maintain flexible network scaling without physical infrastructure constraints.

The Cloud-based segment led the maximum revenue in the Global Virtualized Evolved Packet Core (vEPC) Market by Deployment Mode in 2024, thereby, achieving a market value of $24.2 billion by 2032. The cloud service providers segment represents users that leverage vEPC to deliver virtualized networking as a service, enabling multi-tenant scalability and distributed packet core infrastructure through cloud-native environments. Cloud networks allow vEPC functions to run in shared, dynamic, and elastic compute frameworks that support telecom operators, enterprises, and private network deployers with on-demand EPC capabilities.

The IoT and M2M segment is growing at a CAGR of 24.2 % during the forecast period. The IoT and M2M application segment reflects widespread adoption of virtualized evolved packet core due to the exponential rise in connected devices, intelligent machines, and autonomous communication systems operating without human intervention. vEPC plays a central role in enabling scalable device management, low-latency data exchange, and real-time communication among sensors, industrial robotics, connected logistics units, smart city networks, and embedded systems.

Full Report: https://www.kbvresearch.com/virtualized-evolved-packet-core-market/

The Asia Pacific region dominated the Global Virtualized Evolved Packet Core (vEPC) Market by Region in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $17.2 billion by 2032. The North America region is anticipated to grow at a CAGR of 24.9% during (2025 - 2032). Additionally, The Europe region would witness a CAGR of 25.2% during (2025 - 2032).

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

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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