Virtual Evolved Packet Core Market Regional Analysis:
North American Market Insights
The market in North America is projected to dominate over the forecast period. The rise in the usage of virtual evolved packet core solutions and services including the highest rate of 5G adoption, and the collaboration of market players to deploy vEPC efficiently on large scale are the factors driving the growth of the market. It is estimated that over 60% of the total share of mobile connections in North America will be 5G networks by 2025. Also, owing to the prevalence of advanced telecom network infrastructure and the growing adoption of new technologies the market in the North American region is expected to grow at a high pace.
Europe Market Insights
Europe region is projected to follow North America closely to hold a significant share of the global market over the forecast period. As of 2020, approximately 98% of the population in Europe was estimated to have 4G network connectivity, according to the ITU. Recently, Europe is also making efforts for bringing the 5G network to their region, to provide the population with a faster network and better services.
APAC Market Insights
Asia-Pacific region expected to grow at a significant rate. The region is witnessing the technological transformation and infrastructural growth. In 2020, the ITU estimated that the 4G network covered approximately 94% of the population in the region. Moreover, countries such as Japan, South Korea, Australia, Singapore, China, and India are increasingly adopting technologies, such as VR and AR as well as the IoT, which are more data-intensive and demand seamless network connectivity, providing significant opportunity for the growth of the vEPC market in the region. Also, owing to the massive mobile user base, key market players in this region are becoming more competitive and are focusing on providing better services to customers.
