APAC Region to Lead vEPC Market Growth with 25% CAGR

The virtual evolved packet core (vEPC) market, valued at USD 9.9 billion in 2024, is set to reach USD 27.8 billion by 2030, growing at a compound annual growth rate (CAGR) of 18.8%. This growth is driven by the increasing adoption of network function virtualization (NFV), a greater emphasis on IoT and edge computing, deployment of 4G LTE, escalating mobile data traffic, and the implementation of standalone (SA) or non-standalone (NSA) 5G network services offering enhanced speeds.

The solutions segment, categorized by component, dominated the market due to mobile network operators' (MNOs) growing awareness of the benefits provided by vEPC solutions. These solutions enable the virtualization of key components such as the mobility management entity, home subscriber server, serving gateway, and packet data network gateway. This results in enhanced network efficiency, service quality, scalability, customer and business satisfaction, cost-effectiveness, and flexibility.

Meanwhile, the services segment is projected to grow at the fastest CAGR of 20% in the coming years. This is attributed to the increasing adoption of vEPC solutions by various telecom companies aiming to enhance service quality, meet the demands of mobile users, and adapt to rapidly evolving and expanding network requirements.

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Based on network type, the 5G segment is expected to register a faster CAGR of 20% due to the growing need for high-speed data services and the increasing significance of adopting advanced technologies like IoT and cloud computing across various industries.

The IoT and M2M application category contributed the most to the vEPC market, driven by over 13 billion connected devices or IoT subscribers globally as of 2022. This surge can be attributed to the rising demand for IoT-enabled devices and technologies such as NB-IoT and Cat-M, along with the growing number of IoT cellular subscribers across different sectors.

In 2023, the cloud deployment mode held the largest share in the market, accounting for 60%. This segment is expected to grow at a higher rate of 22% in the coming years due to the rapid deployment of cloud packet core solutions across various applications, communication services, critical enterprises, and massive IoT, supporting the Industry 4.0 vision.

The APAC region is poised to experience the fastest growth, with a CAGR of 25%, driven by the presence of major MNOs, increasing demand for IoT-enabled devices, and the swift adoption of advanced 5G technology.

Overall, the rising adoption of NFV will continue to propel the vEPC market's growth in the coming years.

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