Virtualized Evolved Packet Core Market by Component-Forecast to 2031

According to a recent publication by Meticulous Research®, the virtualized evolved packet core (vEPC) market is projected to reach $19.87 billion by 2031, with a CAGR of 19.3% from 2024 to 2031. This market's growth is driven by the substantial increase in mobile data traffic and the escalating demand for high-speed data services. However, concerns regarding data security within virtualized evolved packet core infrastructure may constrain market growth. On the other hand, rising investments in 5G technology, the adoption of cloud-native 5G core solutions, and the proliferation of IoT technology are anticipated to offer growth opportunities for market participants. Nonetheless, the reliability of vEPC solutions, along with misconceptions and a lack of knowledge about these solutions, presents significant challenges. Additionally, the integration of edge computing with vEPC technology is emerging as a key trend in the market.