Vietnam Virtualized Evolved Packet Core Market to Grow at Impressive Rate
Growing
technological advancement and growing adoption of cloud-based vEPC solutions is expected to drive Vietnam virtualized evolved packet core market during the
forecast period.
According to TechSci Research report, Vietnam Virtualized Evolved Packet Core
Market- By Region, Competition Forecast & Opportunities, 2018-2028,
the Vietnam Virtualized Evolved Packet
Core Market is expected to register robust growth during the forecast period, 2023-2028.
The Vietnam
Virtualized Evolved Packet Core (vEPC) Market is being driven by the
construction of 5G infrastructure. There have been numerous new technological
developments, such 5G in the telecommunications sector. The usage of
technologies such as IoT is prompting MNOs to construct 5G infrastructure
because of the rise in data traffic. Faster data transfer and on-demand network
service provisioning will be possible with 5G. As a result, it is predicted
that MNOs everywhere deploy vEPC to strengthen their networks, better utilise
radio resources, and increase network capacity. A virtual evolved packet core (vEPC), which unifies voice and data
processing, is a framework for mobile networking. It is accomplished using
Network Functions Virtualization (NFV), which virtualizes the Evolved Packet
Core (EPC) functions and enables them to be used on inexpensive Commercial
Off-The-Shelf (COTS) servers. Theoretically customising networks, meeting the
particular needs of individual consumers, and mixing and matching specific
network components as required, improves mobile operators' total cost of
ownership (TCO) and service quality. The framework was developed, has been used
for 4G LTE, and will be crucial to the construction of the 5G network.
Moreover,
the use of cloud computing is becoming more and more common among small and
medium-sized businesses. Many businesses are gradually implementing cloud
infrastructure, which is anticipated to expand in the upcoming years. The
advantages of cloud infrastructure, such as its simplicity of use, low need for
internal infrastructure, scalability, and simplicity of networking solution
installation, enable the market's rapid expansion in Vietnam for virtualized
evolved packet core systems.
Browse over XX market data Figures spread
through 70 Pages and an in-depth TOC on the "Vietnam Virtualized Evolved Packet Core Market"
The Vietnam Virtualized Evolved Packet Core Market is
segmented on the basis of component type, end user, and use. On the based of component
type, the market is further bifurcated into solution and services. Based on end
user, the market is divided into telecom operator and enterprise. Based on use,
the market is further segmented into Internet of Things (IoT) and Machine to
Machine (M2M), Mobile Private Networks (MPN’s) and Mobile Virtual Network
Operators (MVNO’s).
In terms of component type, the market for the
virtualized evolved packet core (vEPC) in 2022 was dominated by the solution
segment. The factors propelling the growth of this market segment include the
growing requirement to lower OPEX and CAPEX, increasing mobile data traffic
volume, and rising demand for high-speed and extensive network coverage. The
usability, importance, and simplicity of virtualized evolving packet core
solutions all contribute to this market's expansion. Owing to the advantages
these solutions bring, a number of suppliers are investing in R&D to
improve and lower the cost of the solutions so that even small and medium-sized
businesses may use them. Nevertheless, it is expected that throughout the
course of the forecast period, the services segment would develop the fastest.
The telecom operator had
the largest share of the (vEPC) market in 2022 based on end user. The main
drivers of the expansion of the MPN and MVNO market are the expanding
penetration of mobile devices and need for affordable mobile services, as well
as the increased demand for high-speed internet connectivity and enhanced
voice, video, and mobile internet.
Key market
players in the Vietnam Virtualized Evolved Packet Core Market include:
- Affirmed Networks, Inc.
- Ericsson AB
- Huawei Technologies (Vietnam) Co., Ltd
- ZTE Corporation
- NEC Vietnam Co., Ltd
- Nokia Vietnam Technology and Network Services Co., Ltd
- Cisco Systems Vietnam Co., Ltd.
- Samsung Electronics Vietnam Company Limited
- Mavenir Systems
- Athonet
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"Vietnam
has undertaken significant, fundamental changes to its legal system with the
goal of developing a strong, competitive telecom sector, which in turn lays the
groundwork for telecom and IT-enabled corporate economic growth. Vietnam's
reform effort is still not complete Nevertheless, there are valid worries that
the nation's policies stifle competition, restrict private sector investment,
and restrict foreign investment. The existing regulatory body doesn't fully
adhere to international standards of independence when it comes to openness of regulations,
which has an impact on licencing, non-discriminatory interconnection, and
cross-subsidies in tariffs. Additionally, when it comes to carrying out its
commitments under the bilateral agreement with the US, specifically access for
US investors, Vietnam is behind schedule. These factors are hindering the
growth of the Vietnam Virtualized Evolved Packet Core Market " said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
Vietnam
Virtualized Evolved Packet Core Market, By Component Type (Solution Vs
Services), By End User (Telecom Operator Vs Enterprise), By Use (Internet of
Things (IoT) and Machine to Machine (M2M), Mobile Private Networks (MPN’s) and
Mobile Virtual Network Operators (MVNO’s), By Region, Competition Forecast
& Opportunities, 2018-2028 has evaluated the future growth potential of Vietnam Virtualized Evolved Packet Core Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Vietnam Virtualized
Evolved Packet Core Market.
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