Summary

The global vEPC market is 8.4 billion in 2023 and is expected to be worth USD 19.9 billion by 2028, growing at a CAGR of 18.7% during the forecast period. The vEPC market is experiencing significant growth due to the rapid advancement of technology and the increasing demand for seamless connectivity. Businesses across industries recognize the transformative potential of virtualized Evolved Packet Core (vEPC) solutions in enabling faster data speeds, ultra-low latency, and efficient management of network resources. vEPC empowers businesses to optimize their network infrastructure, enhance user experiences, and support emerging technologies such as the Internet of Things (IoT) and edge computing. With its ability to deliver scalability, flexibility, and cost-effectiveness, vEPC is driving innovation and unlocking new possibilities in sectors ranging from telecommunications to healthcare, transportation, and beyond.

Managed services segment is expected to grow at the highest CAGR during the forecast period
The growth can be attributed to the increasing adoption of managed services by businesses seeking to optimize their network infrastructure and streamline their operations. Managed services offer several benefits, including cost savings, enhanced network performance, and access to specialized expertise. By outsourcing the management of their vEPC solutions to experienced service providers, organizations can focus on their core competencies while ensuring the smooth operation and maintenance of their network infrastructure. The growing complexity of network technologies and the need for continuous monitoring and support drive the demand for managed services in the vEPC market. As businesses increasingly prioritize operational efficiency and cost-effectiveness, the managed services segment is expected to grow significantly and present lucrative opportunities for service providers in the vEPC market.


Enterprises segment to grow at higher CAGR during the forecast period
The enterprises segment is expected to demonstrate a higher CAGR during the forecast period in the vEPC market. This growth can be attributed to enterprises' increasing adoption of vEPC solutions across various industries to enhance their network capabilities and enable digital transformation. Enterprises recognize the need for scalable, flexible, and efficient network infrastructure to support their evolving business requirements. vEPC offers several advantages to enterprises, including improved network performance, better resource utilization, and enhanced security. By leveraging vEPC solutions, enterprises can achieve seamless connectivity, faster data speeds, and reliable network services, optimizing their operations, improving productivity, and delivering enhanced user experiences. The enterprise segment is poised for substantial growth as organizations prioritize digitalization and seek advanced network solutions to gain a competitive edge in the market.
Asia Pacific region to grow at higher CAGR during the forecast period
This growth can be attributed to several factors such as the rapid digitization of economies, the increasing adoption of advanced communication technologies, and the growing demand for high-speed and reliable connectivity in countries like China, India, Japan, and South Korea. The region boasts a large population and a thriving digital ecosystem, driving the need for robust network infrastructure to support various emerging technologies and applications. Additionally, governments in the Asia Pacific region are actively promoting initiatives to accelerate the deployment of 5G networks, which in turn is fueling the demand for vEPC solutions. As businesses and consumers increasingly rely on mobile devices, data-intensive applications, and IoT devices, the demand for efficient and scalable network solutions like vEPC is expected to soar in Asia.

Breakdown of primaries

The study contains insights from various industry experts, from solution vendors to Tier 1 companies. The breakdown of the primaries is as follows:
• By Company Type: Tier 1 – 35%, Tier 2 – 39%, and Tier 3 – 26%
• By Designation: C-level – 55%, Directors – 40%, and Others – 5%
• By Region: North America – 38%, Europe – 40%, APAC – 21%, and Rest of the World (RoW)– 1%




The major players in the vEPC market are Nokia (Finland), Ericsson (Sweden), Cisco(US), Huawei (China), ZTE (China), Samsung (South Korea), Affirmed Networks(US), Mavenir(US), NEC(Japan), Athonet(Italy), Cumucore(Finland), Druid Software(Ireland), IPLook (China), Tech Mahindra (India), Parallel Wireless (US), Polaris Networks (US), Xingtera (US), Lemko (US), Tecore(US), and Telrad Networks (Israel). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, product launches and enhancements, and acquisitions to expand their footprint in the vEPC market.



Research Coverage
The market study covers the vEPC market across different segments. It aims at estimating the market size and the growth potential across different segments based on offerings, services, applications, end users, applications, and regions. The study also includes an in-depth competitive analysis of the key market players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the global vEPC market and its subsegments. This report will help stakeholders understand the competitive landscape and gain insights to position their businesses better and plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the market’s pulse and provide them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
The vEPC report identifies several key drivers for its growth, including the increasing need for seamless connectivity, the demand for faster data speeds, and the rising adoption of IoT devices. These drivers are fueled by businesses’ recognition of the importance of advanced communication networks in delivering enhanced user experiences and supporting emerging technologies such as augmented reality and autonomous systems. However, the report also highlights potential challenges, such as needing skilled professionals and addressing security and compatibility issues. Despite these challenges, the report emphasizes the significant opportunities for growth in the vEPC market, such as real-time operational decision-making and increasing investments in vEPC programs.
Product Development/Innovation: Detailed insights on coming technologies, R&D activities, and product & solution launches in the vEPC market Market Development: Comprehensive information about lucrative markets – the report analyses the vEPC market across varied regions Market Diversification: Exhaustive information about new products & solutions being developed, untapped geographies, recent developments, and investments in the vEPC market Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Nokia (Finland), Ericsson (Sweden), Cisco(US), Huawei (China), ZTE (China), Samsung (South Korea), Affirmed Networks(US), Mavenir(US), NEC(Japan), Athonet(Italy), Cumucore(Finland), Druid Software(Ireland), IPLook (China), Tech Mahindra (India), Parallel Wireless (US), Polaris Networks (US), Xingtera (US), Lemko (US), Tecore(US), and Telrad Networks (Israel).

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Table of Contents

1 INTRODUCTION 33
1.1 STUDY OBJECTIVES 33
1.2 MARKET DEFINITION 33
1.3 STUDY SCOPE 33
1.3.1 MARKET SEGMENTATION 34
1.3.2 INCLUSIONS AND EXCLUSIONS 34
1.3.3 REGIONS COVERED 35
1.4 YEARS CONSIDERED 35
1.5 CURRENCY CONSIDERED 35
TABLE 1 USD EXCHANGE RATES, 2019–2021 36
1.6 STAKEHOLDERS 36
1.7 SUMMARY OF CHANGES 37
2 RESEARCH METHODOLOGY 38
2.1 RESEARCH DATA 38
FIGURE 1 RESEARCH DESIGN 38
2.1.1 SECONDARY DATA 39
2.1.2 PRIMARY DATA 39
2.1.2.1 Breakup of primary profiles 39
2.2 MARKET BREAKUP AND DATA TRIANGULATION 40
FIGURE 2 DATA TRIANGULATION 40
2.3 MARKET SIZE ESTIMATION 41
FIGURE 3 VEPC MARKET: APPROACHES EMPLOYED 41
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY, APPROACH 1 (SUPPLY-SIDE) ANALYSIS: REVENUE FROM SOLUTIONS AND SERVICES OF VEPC MARKET 42
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY, APPROACH 1, BOTTOM-UP (SUPPLY-SIDE): COLLECTIVE REVENUE OF VEPC VENDORS 42
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: ILLUSTRATION OF ERICSSON’S VEPC REVENUE ESTIMATION 43
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY, APPROACH 2 (DEMAND-SIDE): MARKET ESTIMATION THROUGH END USERS 44
2.4 MARKET FORECAST 45
TABLE 2 FACTOR ANALYSIS 45
2.5 RESEARCH ASSUMPTIONS 46
2.6 LIMITATIONS AND RISK ASSESSMENT 46
2.7 RECESSION IMPACT 47
3 EXECUTIVE SUMMARY 48
FIGURE 8 VEPC MARKET: OVERVIEW SNAPSHOT 49
FIGURE 9 VEPC MARKET: GROWTH TRENDS 49
FIGURE 10 ASIA PACIFIC TO GROW AT HIGHEST RATE DURING FORECAST PERIOD 50
4 PREMIUM INSIGHTS 51
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN VEPC MARKET 51
FIGURE 11 INCREASING DEMAND FOR ENHANCED MOBILE BROADBAND SERVICES TO DRIVE MARKET 51
4.2 NORTH AMERICA: VEPC MARKET, BY OFFERING AND DEPLOYMENT MODEL 51
FIGURE 12 SOLUTIONS AND CLOUD SEGMENTS TO ACCOUNT FOR SIGNIFICANT SHARE OF NORTH AMERICAN VEPC MARKET IN 2023 51
4.3 EUROPE: VEPC MARKET, BY OFFERING AND DEPLOYMENT MODEL 52
FIGURE 13 SOLUTIONS AND CLOUD SEGMENTS TO ACCOUNT FOR SIGNIFICANT SHARE OF EUROPEAN VEPC MARKET IN 2023 52
4.4 ASIA PACIFIC: VEPC MARKET, BY OFFERING AND DEPLOYMENT MODEL 52
FIGURE 14 SOLUTIONS AND CLOUD SEGMENTS TO ACCOUNT FOR SIGNIFICANT SHARE OF ASIA PACIFIC VEPC MARKET IN 2023 52
5 MARKET OVERVIEW 53
5.1 INTRODUCTION 53
5.2 MARKET DYNAMICS 53
FIGURE 15 VEPC MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 54
5.2.1 DRIVERS 54
5.2.1.1 Increasing number of LTE mobile subscribers and penetration of smartphones 54
5.2.1.2 Growing mobile network data traffic 55
5.2.1.3 Need for low OPEX and CAPEX 56
5.2.1.4 Demand for cloud-native and service-based architecture 56
5.2.1.5 Differentiated 4G services via network slicing 56
TABLE 3 EMERGING USE CASES SUPPORTED BY NETWORK SLICING 57
5.2.2 RESTRAINTS 58
5.2.2.1 Rising security concerns 58
5.2.2.2 Transition from legacy infrastructure to virtualized infrastructure 59
5.2.3 OPPORTUNITIES 59
5.2.3.1 Growth of IoT market 59
5.2.3.2 Increasing adoption of 5G-ready mobile networks 60
5.2.4 CHALLENGES 60
5.2.4.1 Lack of skilled workforce 60
5.2.4.2 Difficulty integrating vEPC with existing mobile core and back-office systems 61
5.3 EVOLUTION OF VEPC TECHNOLOGY 61
5.4 CASE STUDY ANALYSIS 62
5.4.1 GRUNDFOS ADOPTED ERICSSON’S AND TELENOR CONNEXION’S IOT SOLUTIONS TO MONITOR AND DIGITALIZE CONNECTED WATER PUMPS 62
5.4.2 CASE STUDY 2: CSL ADOPTED VODAFONE MANAGED IOT CONNECTIVITY PLATFORM TO MANAGE CONNECTIVITY FROM SINGLE POINT 62
5.4.3 CASE STUDY 3: ENERGYBOX ADOPTED CISCO’S INDUSTRIAL ROUTERS AND IOT OPERATIONS DASHBOARD SOLUTIONS TO HELP CUSTOMERS OPTIMIZE ENERGY USE 63
5.4.4 CASE STUDY 3: T-MOBILE AND SPACEX ADOPTED ADVANCED SOLUTIONS TO OFFER TEXT COVERAGE AND ‘NO DEAD ZONES’ 63
5.5 TECHNOLOGY ANALYSIS 64
5.5.1 WI-FI 64
5.5.2 WIMAX 64
5.5.3 NETWORK SLICING IN RADIO ACCESS NETWORK 65
5.5.4 NETWORK SLICING IN CORE NETWORK 65
5.5.5 NETWORK SLICING IN TRANSPORT NETWORK 65
5.5.6 LONG-TERM EVOLUTION NETWORK 66
5.5.7 CITIZENS BROADBAND RADIO SERVICE 66
5.5.8 MULTEFIRE 66
5.6 REGULATORY LANDSCAPE 67
5.6.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 67
TABLE 4 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 67
TABLE 5 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 67
TABLE 6 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 67
TABLE 7 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 68
5.6.1.1 North America 68
5.6.1.1.1 US 68
5.6.1.1.2 Canada 68
5.6.1.2 Europe 68
5.6.1.3 Asia Pacific 68
5.6.1.3.1 South Korea 68
5.6.1.3.2 China 68
5.6.1.3.3 India 69
5.6.1.4 Middle East & Africa 69
5.6.1.4.1 UAE 69
5.6.1.4.2 KSA 69
5.6.1.5 Latin America 69
5.6.1.5.1 Brazil 69
5.6.1.5.2 Mexico 69
5.7 VALUE CHAIN ANALYSIS 70
FIGURE 16 VALUE CHAIN ANALYSIS 70
5.7.1 TELECOM ORIGINAL EQUIPMENT MANUFACTURERS 70
5.7.2 4G LTE/5G RADIO 70
5.7.3 VEPC 70
5.7.4 4G LTE/5G TRANSPORT 70
5.7.5 NETWORK FUNCTION VIRTUALIZATION/SOFTWARE-DEFINED NETWORKING/CLOUD SERVICE PROVIDERS 71
5.7.6 SYSTEM INTEGRATORS/MANAGED SERVICE PROVIDERS 71
5.7.7 END USERS 71
5.8 ECOSYSTEM ANALYSIS 71
FIGURE 17 ECOSYSTEM MAP 71
5.8.1 NETWORK INFRASTRUCTURE ENABLERS 72
5.8.2 GOVERNMENT REGULATORY AUTHORITIES 72
5.8.3 SYSTEM INTEGRATORS 72
5.8.4 INDUSTRIAL PARTNERS 72
5.8.5 STRATEGIC CONSULTANTS 72
5.8.6 ORIGINAL EQUIPMENT MANUFACTURERS 72
5.8.7 CUSTOMER PREMISES EQUIPMENT 73
5.8.8 VIRTUALIZATION VENDORS 73
5.8.9 CLOUD SERVICE PROVIDERS 73
5.8.10 NEUTRAL HOST PROVIDERS 73
5.9 PATENT ANALYSIS 74
FIGURE 18 TOP TEN COMPANIES WITH HIGHEST NUMBER OF 4G PATENT APPLICATIONS 74
TABLE 8 TOP TWENTY 4G PATENT OWNERS (US) 74
FIGURE 19 NUMBER OF 4G PATENTS GRANTED ANNUALLY, 2012–2021 75
FIGURE 20 STANDARD ESSENTIAL 5G PATENTS GRANTED 75
5.10 PRICING ANALYSIS 76
5.10.1 AVERAGE SELLING PRICE ANALYSIS FOR KEY PLAYERS 76
5.10.2 PRICING ANALYSIS THROUGH VARIOUS PRICING MODELS 76
5.11 PORTER’S FIVE FORCES MODEL 77
FIGURE 21 PORTER’S FIVE FORCES MODEL 77
5.11.1 THREAT OF NEW ENTRANTS 78
5.11.2 THREAT OF SUBSTITUTES 78
5.11.3 BARGAINING POWER OF BUYERS 78
5.11.4 BARGAINING POWER OF SUPPLIERS 78
5.11.5 INTENSITY OF COMPETITIVE RIVALRY 79
5.12 KEY CONFERENCES & EVENTS, 2023–2024 79
TABLE 9 LIST OF CONFERENCES & EVENTS, 2023–2024 79
5.13 TRENDS AND DISRUPTIONS IMPACTING BUYERS 80
5.13.1 TRANSITION TO 5G NETWORKS 80
5.13.2 NETWORK FUNCTION VIRTUALIZATION (NFV) 80
5.13.3 CLOUD-NATIVE AND CONTAINERIZATION 80
5.13.4 MULTI-VENDOR INTEROPERABILITY 80
5.13.5 EDGE COMPUTING AND DISTRIBUTED ARCHITECTURE 80
5.14 BEST PRACTICES IN VEPC MARKET 81
5.14.1 DEFINE CLEAR OBJECTIVES 81
5.14.2 CONDUCT COMPREHENSIVE PLANNING 81
5.14.3 CHOOSE RELIABLE VENDORS 81
5.14.4 VALIDATE INTEROPERABILITY 81
5.14.5 CONSIDER SCALABILITY AND PERFORMANCE 81
5.14.6 FOCUS ON SECURITY AND PRIVACY 81
5.14.7 OPTIMIZE RESOURCE UTILIZATION 81
5.14.8 IMPLEMENT REDUNDANCY AND HIGH AVAILABILITY 82
5.14.9 TRAIN AND EDUCATE STAFF 82
5.14.10 MONITOR AND OPTIMIZE 82
5.15 VEPC TOOLS, FRAMEWORKS, AND TECHNIQUES 82
5.15.1 NETWORK FUNCTION VIRTUALIZATION 82
5.15.2 VIRTUALIZATION PLATFORMS 82
5.15.3 ORCHESTRATION AND MANAGEMENT 82
5.15.4 SOFTWARE-DEFINED NETWORKING 82
5.15.5 CONTAINERIZATION 82
5.15.6 NETWORK SLICING 83
5.15.7 SERVICE-BASED ARCHITECTURE 83
5.15.8 ANALYTICS AND MONITORING 83
5.15.9 INTEGRATION AND APIS 83
5.15.10 SECURITY AND AUTHENTICATION 83
5.16 CURRENT AND EMERGING TRENDS OF VEPC MARKET LANDSCAPE 83
5.16.1 CURRENT TRENDS 83
5.16.2 EMERGING TRENDS 84
5.17 FUTURE DIRECTION OF VEPC MARKET 84
5.17.1 5G NETWORK EXPANSION 84
5.17.2 NETWORK SLICING AND CUSTOMIZATION 84
5.17.3 EDGE COMPUTING AND MEC INTEGRATION 84
5.17.4 CLOUD-NATIVE ARCHITECTURES AND MICROSERVICES 85
5.17.5 NETWORK AUTOMATION AND AI-DRIVEN OPERATIONS 85
5.17.6 ENHANCED SECURITY AND PRIVACY 85
5.17.7 ECOSYSTEM COLLABORATION AND PARTNERSHIPS 85
5.17.8 CONTINUED STANDARDIZATION EFFORTS 85
5.18 IMPACT OF VEPC MARKET ON ADJACENT NICHE TECHNOLOGIES 85
5.18.1 OPEN-SOURCE SOFTWARE 85
5.18.2 NETWORK AUTOMATION 85
5.18.3 VIRTUAL NETWORK FUNCTIONS 86
5.18.4 NETWORK MANAGEMENT AND ORCHESTRATION 86
5.19 KEY STAKEHOLDERS & BUYING CRITERIA 86
5.19.1 KEY STAKEHOLDERS IN BUYING PROCESS 86
FIGURE 22 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE PROFESSIONAL SERVICES 86
TABLE 10 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE PROFESSIONAL SERVICES 86
5.19.2 BUYING CRITERIA 87
FIGURE 23 KEY BUYING CRITERIA FOR TOP THREE PROFESSIONAL SERVICES 87
TABLE 11 KEY BUYING CRITERIA FOR TOP THREE VERTICALS 87
6 VEPC MARKET, BY OFFERING 88
6.1 INTRODUCTION 89
FIGURE 24 SERVICES SEGMENT TO EXHIBIT HIGHER GROWTH DURING FORECAST PERIOD 89
TABLE 12 VEPC MARKET, BY OFFERING, 2018–2022 (USD MILLION) 89
TABLE 13 VEPC MARKET, BY OFFERING, 2023–2028 (USD MILLION) 89
6.1.1 OFFERINGS: VEPC MARKET DRIVERS 90
6.2 SOLUTIONS 90
6.2.1 RAPID EVOLUTION OF ADVANCED SOLUTIONS TO DRIVE GROWTH 90
TABLE 14 SOLUTIONS: VEPC MARKET, BY REGION, 2018–2022 (USD MILLION) 90
TABLE 15 SOLUTIONS: VEPC MARKET, BY REGION, 2023–2028 (USD MILLION) 91
6.3 SERVICES 91
6.3.1 GROWING DEMAND FOR INTEGRATED SERVICES TO FUEL EXPANSION OF VEPC MARKET 91
TABLE 16 SERVICES: VEPC MARKET, BY REGION, 2018–2022 (USD MILLION) 91
TABLE 17 SERVICES: VEPC MARKET, BY REGION, 2023–2028 (USD MILLION) 92
7 VEPC MARKET, BY SOLUTION 93
7.1 INTRODUCTION 94
7.1.1 SOLUTIONS: VEPC MARKET DRIVERS 94
7.2 SOLUTIONS 94
7.2.1 NEED FOR NETWORK AGILITY AND FLEXIBILITY TO DRIVE VEPC MARKET 94
7.2.2 MOBILITY MANAGEMENT ENTITY (MME) 94
7.2.3 HOME SUBSCRIBER SERVER (HMS) 94
7.2.4 SERVING GATEWAY (SGW) 94
7.2.5 PACKET DATA NETWORK GATEWAY (PDN GW) 94
8 VEPC MARKET, BY SERVICE 95
8.1 INTRODUCTION 96
FIGURE 25 MANAGED SERVICES SEGMENT TO ACHIEVE HIGHER CAGR DURING FORECAST PERIOD 96
TABLE 18 VEPC MARKET, BY SERVICE, 2018–2022 (USD MILLION) 96
TABLE 19 VEPC MARKET, BY SERVICE, 2023–2028 (USD MILLION) 97
8.1.1 SERVICES: VEPC MARKET DRIVERS 97
8.2 PROFESSIONAL SERVICES 97
8.2.1 NEED FOR OPTIMIZED NETWORK PERFORMANCE WITH SPECIALIZED VEPC SOLUTIONS TO DRIVE GROWTH 97
TABLE 20 VEPC MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION) 97
TABLE 21 VEPC MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION) 98
TABLE 22 PROFESSIONAL SERVICES: VEPC MARKET, BY REGION, 2018–2022 (USD MILLION) 98
TABLE 23 PROFESSIONAL SERVICES: VEPC MARKET, BY REGION, 2023–2028 (USD MILLION) 98
8.2.2 CONSULTING 99
TABLE 24 CONSULTING: VEPC MARKET, BY REGION, 2018–2022 (USD MILLION) 99
TABLE 25 CONSULTING: VEPC MARKET, BY REGION, 2023–2028 (USD MILLION) 99
8.2.3 INTEGRATION & DEPLOYMENT 100
TABLE 26 INTEGRATION & DEPLOYMENT: VEPC MARKET, BY REGION, 2018–2022 (USD MILLION) 100
TABLE 27 INTEGRATION & DEPLOYMENT: VEPC MARKET, BY REGION, 2023–2028 (USD MILLION) 100
8.2.4 TRAINING & SUPPORT 101
TABLE 28 TRAINING & SUPPORT: VEPC MARKET, BY REGION, 2018–2022 (USD MILLION) 101
TABLE 29 TRAINING & SUPPORT: VEPC MARKET, BY REGION, 2023–2028 (USD MILLION) 101
8.3 MANAGED SERVICES 102
8.3.1 DEMAND FOR EFFICIENT NETWORK MANAGEMENT SOLUTIONS TO FUEL GROWTH 102
TABLE 30 MANAGED SERVICES: VEPC MARKET, BY REGION, 2018–2022 (USD MILLION) 102
TABLE 31 MANAGED SERVICES: VEPC MARKET, BY REGION, 2023–2028 (USD MILLION) 102
9 VEPC MARKET, BY DEPLOYMENT MODEL 103
9.1 INTRODUCTION 104
FIGURE 26 CLOUD SEGMENT TO EXHIBIT HIGHER GROWTH DURING FORECAST PERIOD 104
TABLE 32 VEPC MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD MILLION) 104
TABLE 33 VEPC MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 104
9.1.1 DEPLOYMENT MODELS: VEPC MARKET DRIVERS 105
9.2 ON-PREMISES 105
9.2.1 DEMAND FOR INCREASED LOCALIZED CONTROL TO DRIVE ADOPTION OF ON-PREMISES DEPLOYMENT MODEL 105
TABLE 34 ON-PREMISES: VEPC MARKET, BY REGION, 2018–2022 (USD MILLION) 105
TABLE 35 ON-PREMISES: VEPC MARKET, BY REGION, 2023–2028 (USD MILLION) 106
9.3 CLOUD 106
9.3.1 NEED FOR SEAMLESS SCALABILITY AND AGILITY TO DRIVE ADOPTION OF CLOUD SOLUTIONS 106
TABLE 36 CLOUD: VEPC MARKET, BY REGION, 2018–2022 (USD MILLION) 106
TABLE 37 CLOUD: VEPC MARKET, BY REGION, 2023–2028 (USD MILLION) 107
10 VEPC MARKET, BY NETWORK TYPE 108
10.1 INTRODUCTION 109
FIGURE 27 5G NETWORK SEGMENT TO ACCOUNT FOR LARGER SHARE BY 2028 109
TABLE 38 VEPC MARKET, BY NETWORK TYPE, 2018–2022 (USD MILLION) 109
TABLE 39 VEPC MARKET, BY NETWORK TYPE, 2023–2028 (USD MILLION) 109
10.1.1 NETWORK TYPES: VEPC MARKET DRIVERS 110
10.2 4G NETWORK 110
10.2.1 RAPID 4G ADOPTION TO PROPEL POPULARITY OF VEPC SOLUTIONS 110
TABLE 40 4G NETWORK: VEPC MARKET, BY REGION, 2018–2022 (USD MILLION) 110
TABLE 41 4G NETWORK: VEPC MARKET, BY REGION, 2023–2028 (USD MILLION) 110
10.3 5G NETWORK 111
10.3.1 NEED FOR HIGH-SPEED 5G APPLICATIONS TO BOOST ADOPTION OF VEPC SOLUTIONS AND SERVICES 111
TABLE 42 5G NETWORK: VEPC MARKET, BY REGION, 2018–2022 (USD MILLION) 111
TABLE 43 5G NETWORK: VEPC MARKET, BY REGION, 2023–2028 (USD MILLION) 111
11 VEPC MARKET, BY END USER 112
11.1 INTRODUCTION 113
FIGURE 28 ENTERPRISES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 113
TABLE 44 VEPC MARKET, BY END USER, 2018–2022 (USD MILLION) 113
TABLE 45 VEPC MARKET, BY END USER, 2023–2028 (USD MILLION) 113
11.1.1 END USERS: VEPC MARKET DRIVERS 114
11.2 TELECOM OPERATORS 114
11.2.1 INCREASED FOCUS ON LEVERAGING ADVANCED NETWORK CAPABILITIES TO DRIVE MARKET 114
TABLE 46 TELECOM OPERATORS: VEPC MARKET, BY REGION, 2018–2022 (USD MILLION) 114
TABLE 47 TELECOM OPERATORS: VEPC MARKET, BY REGION, 2023–2028 (USD MILLION) 115
11.3 ENTERPRISES 115
11.3.1 RISING ADOPTION OF ADVANCED CONNECTIVITY SOLUTIONS TO ENCOURAGE GROWTH 115
TABLE 48 ENTERPRISES: VEPC MARKET, BY REGION, 2018–2022 (USD MILLION) 116
TABLE 49 ENTERPRISES: VEPC MARKET, BY REGION, 2023–2028 (USD MILLION) 116
12 VEPC MARKET, BY APPLICATION 117
12.1 INTRODUCTION 118
12.1.1 APPLICATIONS: VEPC MARKET DRIVERS 118
12.2 LTE, VOLTE, AND VOWI-FI 118
12.2.1 NEED TO ENABLE SEAMLESS VOICE COMMUNICATION OVER WI-FI NETWORKS TO EXPAND MARKET 118
12.3 BROADBAND WIRELESS ACCESS 119
12.3.1 POPULARITY OF HIGH-SPEED WIRELESS CONNECTIVITY IN NEW MARKETS TO DRIVE GROWTH 119
12.4 IOT AND M2M 119
12.4.1 GROWING FOCUS ON ACHIEVING CONNECTIVITY BETWEEN INTERCONNECTED DEVICES AND APPLICATIONS TO DRIVE MARKET 119
13 VEPC MARKET, BY REGION 120
13.1 INTRODUCTION 121
FIGURE 29 ASIA PACIFIC TO GROW AT HIGHEST RATE DURING FORECAST PERIOD 121
FIGURE 30 ASIA PACIFIC TO LEAD MARKET DURING FORECAST PERIOD 122
TABLE 50 VEPC MARKET, BY REGION, 2018–2022 (USD MILLION) 122
TABLE 51 VEPC MARKET, BY REGION, 2023–2028 (USD MILLION) 122
13.2 NORTH AMERICA 123
13.2.1 NORTH AMERICA: VEPC MARKET DRIVERS 123
13.2.2 NORTH AMERICA: RECESSION IMPACT 123
TABLE 52 NORTH AMERICA: VEPC MARKET, BY OFFERING, 2018–2022 (USD MILLION) 123
TABLE 53 NORTH AMERICA: VEPC MARKET, BY OFFERING, 2023–2028 (USD MILLION) 123
TABLE 54 NORTH AMERICA: VEPC MARKET, BY SERVICE, 2018–2022 (USD MILLION) 124
TABLE 55 NORTH AMERICA: VEPC MARKET, BY SERVICE, 2023–2028 (USD MILLION) 124
TABLE 56 NORTH AMERICA: VEPC MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION) 124
TABLE 57 NORTH AMERICA: VEPC MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION) 124
TABLE 58 NORTH AMERICA: VEPC MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD MILLION) 125
TABLE 59 NORTH AMERICA: VEPC MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 125
TABLE 60 NORTH AMERICA: VEPC MARKET, BY NETWORK TYPE, 2018–2022 (USD MILLION) 125
TABLE 61 NORTH AMERICA: VEPC MARKET, BY NETWORK TYPE, 2023–2028 (USD MILLION) 125
TABLE 62 NORTH AMERICA: VEPC MARKET, BY END USER, 2018–2022 (USD MILLION) 125
TABLE 63 NORTH AMERICA: VEPC MARKET, BY END USER, 2023–2028 (USD MILLION) 126
TABLE 64 NORTH AMERICA: VEPC MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 126
TABLE 65 NORTH AMERICA: VEPC MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 126
13.2.3 US 126
13.2.3.1 Growing demand for advanced networking solutions and 5G infrastructure deployment to drive growth 126
13.2.3.2 US: Regulatory Norms 126
TABLE 66 US: VEPC MARKET, BY OFFERING, 2018–2022 (USD MILLION) 127
TABLE 67 US: VEPC MARKET, BY OFFERING, 2023–2028 (USD MILLION) 127
TABLE 68 US: VEPC MARKET, BY SERVICE, 2018–2022 (USD MILLION) 128
TABLE 69 US: VEPC MARKET, BY SERVICE, 2023–2028 (USD MILLION) 128
TABLE 70 US: VEPC MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION) 128
TABLE 71 US: VEPC MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION) 128
TABLE 72 US: VEPC MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD MILLION) 129
TABLE 73 US: VEPC MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 129
TABLE 74 US: VEPC MARKET, BY NETWORK TYPE, 2018–2022 (USD MILLION) 129
TABLE 75 US: VEPC MARKET, BY NETWORK TYPE, 2023–2028 (USD MILLION) 129
TABLE 76 US: VEPC MARKET, BY END USER, 2018–2022 (USD MILLION) 129
TABLE 77 US: VEPC MARKET, BY END USER, 2023–2028 (USD MILLION) 130
13.2.4 CANADA 130
13.2.4.1 Growing need for advanced network capabilities to fuel vEPC market 130
13.2.4.2 Canada: Regulatory Norms 130
TABLE 78 CANADA: VEPC MARKET, BY OFFERING, 2018–2022 (USD MILLION) 130
TABLE 79 CANADA: VEPC MARKET, BY OFFERING, 2023–2028 (USD MILLION) 131
TABLE 80 CANADA: VEPC MARKET, BY SERVICE, 2018–2022 (USD MILLION) 131
TABLE 81 CANADA: VEPC MARKET, BY SERVICE, 2023–2028 (USD MILLION) 131
TABLE 82 CANADA: VEPC MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION) 131
TABLE 83 CANADA: VEPC MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION) 132
TABLE 84 CANADA: VEPC MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD MILLION) 132
TABLE 85 CANADA: VEPC MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 132
TABLE 86 CANADA: VEPC MARKET, BY NETWORK TYPE, 2018–2022 (USD MILLION) 132
TABLE 87 CANADA: VEPC MARKET, BY NETWORK TYPE, 2023–2028 (USD MILLION) 133
TABLE 88 CANADA: VEPC MARKET, BY END USER, 2018–2022 (USD MILLION) 133
TABLE 89 CANADA: VEPC MARKET, BY END USER, 2023–2028 (USD MILLION) 133
13.3 EUROPE 134
13.3.1 EUROPE: VEPC MARKET DRIVERS 134
13.3.2 EUROPE: RECESSION IMPACT 134
TABLE 90 EUROPE: VEPC MARKET, BY OFFERING, 2018–2022 (USD MILLION) 135
TABLE 91 EUROPE: VEPC MARKET, BY OFFERING, 2023–2028 (USD MILLION) 135
TABLE 92 EUROPE: VEPC MARKET, BY SERVICE, 2018–2022 (USD MILLION) 135
TABLE 93 EUROPE: VEPC MARKET, BY SERVICE, 2023–2028 (USD MILLION) 135
TABLE 94 EUROPE: VEPC MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION) 136
TABLE 95 EUROPE: VEPC MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION) 136
TABLE 96 EUROPE: VEPC MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD MILLION) 136
TABLE 97 EUROPE: VEPC MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 136
TABLE 98 EUROPE: VEPC MARKET, BY NETWORK TYPE, 2018–2022 (USD MILLION) 137
TABLE 99 EUROPE: VEPC MARKET, BY NETWORK TYPE, 2023–2028 (USD MILLION) 137
TABLE 100 EUROPE: VEPC MARKET, BY END USER, 2018–2022 (USD MILLION) 137
TABLE 101 EUROPE: VEPC MARKET, BY END USER, 2023–2028 (USD MILLION) 137
TABLE 102 EUROPE: VEPC MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 138
TABLE 103 EUROPE: VEPC MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 138
13.3.3 UK 138
13.3.3.1 Rising demand for seamless connectivity and advanced 5G networks to boost market 138
13.3.3.2 UK: Regulatory Norms 139
TABLE 104 UK: VEPC MARKET, BY OFFERING, 2018–2022 (USD MILLION) 139
TABLE 105 UK: VEPC MARKET, BY OFFERING, 2023–2028 (USD MILLION) 139
TABLE 106 UK: VEPC MARKET, BY SERVICE, 2018–2022 (USD MILLION) 140
TABLE 107 UK: VEPC MARKET, BY SERVICE, 2023–2028 (USD MILLION) 140
TABLE 108 UK: VEPC MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION) 140
TABLE 109 UK: VEPC MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION) 140
TABLE 110 UK: VEPC MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD MILLION) 141
TABLE 111 UK: VEPC MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 141
TABLE 112 UK: VEPC MARKET, BY NETWORK TYPE, 2018–2022 (USD MILLION) 141
TABLE 113 UK: VEPC MARKET, BY NETWORK TYPE, 2023–2028 (USD MILLION) 141
TABLE 114 UK: VEPC MARKET, BY END USER, 2018–2022 (USD MILLION) 142
TABLE 115 UK: VEPC MARKET, BY END USER, 2023–2028 (USD MILLION) 142
13.3.4 GERMANY 142
13.3.4.1 Rising digital transformation to propel growth 142
13.3.4.2 Germany: Regulatory Norms 142
TABLE 116 GERMANY: VEPC MARKET, BY OFFERING, 2018–2022 (USD MILLION) 143
TABLE 117 GERMANY: VEPC MARKET, BY OFFERING, 2023–2028 (USD MILLION) 143
TABLE 118 GERMANY: VEPC MARKET, BY SERVICE, 2018–2022 (USD MILLION) 143
TABLE 119 GERMANY: VEPC MARKET, BY SERVICE, 2023–2028 (USD MILLION) 143
TABLE 120 GERMANY: VEPC MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION) 144
TABLE 121 GERMANY: VEPC MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION) 144
TABLE 122 GERMANY: VEPC MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD MILLION) 144
TABLE 123 GERMANY: VEPC MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 144
TABLE 124 GERMANY: VEPC MARKET, BY NETWORK TYPE, 2018–2022 (USD MILLION) 145
TABLE 125 GERMANY: VEPC MARKET, BY NETWORK TYPE, 2023–2028 (USD MILLION) 145
TABLE 126 GERMANY: VEPC MARKET, BY END USER, 2018–2022 (USD MILLION) 145
TABLE 127 GERMANY: VEPC MARKET, BY END USER, 2023–2028 (USD MILLION) 145
13.3.5 ITALY 146
13.3.5.1 Need for improved network performance and high-speed connectivity to drive growth 146
13.3.5.2 Italy: Regulatory Norms 146
TABLE 128 ITALY: VEPC MARKET, BY OFFERING, 2018–2022 (USD MILLION) 146
TABLE 129 ITALY: VEPC MARKET, BY OFFERING, 2023–2028 (USD MILLION) 146
TABLE 130 ITALY: VEPC MARKET, BY SERVICE, 2018–2022 (USD MILLION) 147
TABLE 131 ITALY: VEPC MARKET, BY SERVICE, 2023–2028 (USD MILLION) 147
TABLE 132 ITALY: VEPC MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION) 147
TABLE 133 ITALY: VEPC MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION) 147
TABLE 134 ITALY: VEPC MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD MILLION) 148
TABLE 135 ITALY: VEPC MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 148
TABLE 136 ITALY: VEPC MARKET, BY NETWORK TYPE, 2018–2022 (USD MILLION) 148
TABLE 137 ITALY: VEPC MARKET, BY NETWORK TYPE, 2023–2028 (USD MILLION) 148
TABLE 138 ITALY: VEPC MARKET, BY END USER, 2018–2022 (USD MILLION) 149
TABLE 139 ITALY: VEPC MARKET, BY END USER, 2023–2028 (USD MILLION) 149
13.3.6 FRANCE 149
13.3.6.1 Robust growth of advanced connectivity solutions to propel market 149
13.3.6.2 France: Regulatory Norms 149
TABLE 140 FRANCE: VEPC MARKET, BY OFFERING, 2018–2022 (USD MILLION) 150
TABLE 141 FRANCE: VEPC MARKET, BY OFFERING, 2023–2028 (USD MILLION) 150
TABLE 142 FRANCE: VEPC MARKET, BY SERVICE, 2018–2022 (USD MILLION) 150
TABLE 143 FRANCE: VEPC MARKET, BY SERVICE, 2023–2028 (USD MILLION) 150
TABLE 144 FRANCE: VEPC MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION) 151
TABLE 145 FRANCE: VEPC MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION) 151
TABLE 146 FRANCE: VEPC MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD MILLION) 151
TABLE 147 FRANCE: VEPC MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 151
TABLE 148 FRANCE: VEPC MARKET, BY NETWORK TYPE, 2018–2022 (USD MILLION) 152
TABLE 149 FRANCE: VEPC MARKET, BY NETWORK TYPE, 2023–2028 (USD MILLION) 152
TABLE 150 FRANCE: VEPC MARKET, BY END USER, 2018–2022 (USD MILLION) 152
TABLE 151 FRANCE: VEPC MARKET, BY END USER, 2023–2028 (USD MILLION) 152
13.3.7 SPAIN 153
13.3.7.1 Rising demand for high-speed and reliable connectivity to drive market 153
13.3.7.2 Spain: Regulatory Norms 153
TABLE 152 SPAIN: VEPC MARKET, BY OFFERING, 2018–2022 (USD MILLION) 153
TABLE 153 SPAIN: VEPC MARKET, BY OFFERING, 2023–2028 (USD MILLION) 153
TABLE 154 SPAIN: VEPC MARKET, BY SERVICE, 2018–2022 (USD MILLION) 154
TABLE 155 SPAIN: VEPC MARKET, BY SERVICE, 2023–2028 (USD MILLION) 154
TABLE 156 SPAIN: VEPC MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION) 154
TABLE 157 SPAIN: VEPC MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION) 154
TABLE 158 SPAIN: VEPC MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD MILLION) 155
TABLE 159 SPAIN: VEPC MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 155
TABLE 160 SPAIN: VEPC MARKET, BY NETWORK TYPE, 2018–2022 (USD MILLION) 155
TABLE 161 SPAIN: VEPC MARKET, BY NETWORK TYPE, 2023–2028 (USD MILLION) 155
TABLE 162 SPAIN: VEPC MARKET, BY END USER, 2018–2022 (USD MILLION) 156
TABLE 163 SPAIN: VEPC MARKET, BY END USER, 2023–2028 (USD MILLION) 156
13.3.8 REST OF EUROPE 156
13.4 ASIA PACIFIC 157
13.4.1 ASIA PACIFIC: VEPC MARKET DRIVERS 157
13.4.2 ASIA PACIFIC: RECESSION IMPACT 158
FIGURE 31 ASIA PACIFIC: MARKET SNAPSHOT 158
TABLE 164 ASIA PACIFIC: VEPC MARKET, BY OFFERING, 2018–2022 (USD MILLION) 159
TABLE 165 ASIA PACIFIC: VEPC MARKET, BY OFFERING, 2023–2028 (USD MILLION) 159
TABLE 166 ASIA PACIFIC: VEPC MARKET, BY SERVICE, 2018–2022 (USD MILLION) 159
TABLE 167 ASIA PACIFIC: VEPC MARKET, BY SERVICE, 2023–2028 (USD MILLION) 159
TABLE 168 ASIA PACIFIC: VEPC MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION) 160
TABLE 169 ASIA PACIFIC: VEPC MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION) 160
TABLE 170 ASIA PACIFIC: VEPC MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD MILLION) 160
TABLE 171 ASIA PACIFIC: VEPC MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 160
TABLE 172 ASIA PACIFIC: VEPC MARKET, BY NETWORK TYPE, 2018–2022 (USD MILLION) 161
TABLE 173 ASIA PACIFIC: VEPC MARKET, BY NETWORK TYPE, 2023–2028 (USD MILLION) 161
TABLE 174 ASIA PACIFIC: VEPC MARKET, BY END USER, 2018–2022 (USD MILLION) 161
TABLE 175 ASIA PACIFIC: VEPC MARKET, BY END USER, 2023–2028 (USD MILLION) 161
TABLE 176 ASIA PACIFIC: VEPC MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 162
TABLE 177 ASIA PACIFIC: VEPC MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 162
13.4.3 CHINA 162
13.4.3.1 Growth in government-led digital transformation to drive market expansion 162
13.4.3.2 China: Regulatory Norms 163
TABLE 178 CHINA: VEPC MARKET, BY OFFERING, 2018–2022 (USD MILLION) 163
TABLE 179 CHINA: VEPC MARKET, BY OFFERING, 2023–2028 (USD MILLION) 163
TABLE 180 CHINA: VEPC MARKET, BY SERVICE, 2018–2022 (USD MILLION) 163
TABLE 181 CHINA: VEPC MARKET, BY SERVICE, 2023–2028 (USD MILLION) 164
TABLE 182 CHINA: VEPC MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION) 164
TABLE 183 CHINA: VEPC MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION) 164
TABLE 184 CHINA: VEPC MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD MILLION) 164
TABLE 185 CHINA: VEPC MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 165
TABLE 186 CHINA: VEPC MARKET, BY NETWORK TYPE, 2018–2022 (USD MILLION) 165
TABLE 187 CHINA: VEPC MARKET, BY NETWORK TYPE, 2023–2028 (USD MILLION) 165
TABLE 188 CHINA: VEPC MARKET, BY END USER, 2018–2022 (USD MILLION) 165
TABLE 189 CHINA: VEPC MARKET, BY END USER, 2023–2028 (USD MILLION) 165
13.4.4 JAPAN 166
13.4.4.1 Focus on technological advancements to drive adoption of vEPC solutions 166
13.4.4.2 Japan: Regulatory Norms 166
TABLE 190 JAPAN: VEPC MARKET, BY OFFERING, 2018–2022 (USD MILLION) 166
TABLE 191 JAPAN: VEPC MARKET, BY OFFERING, 2023–2028 (USD MILLION) 166
TABLE 192 JAPAN: VEPC MARKET, BY SERVICE, 2018–2022 (USD MILLION) 167
TABLE 193 JAPAN: VEPC MARKET, BY SERVICE, 2023–2028 (USD MILLION) 167
TABLE 194 JAPAN: VEPC MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION) 167
TABLE 195 JAPAN: VEPC MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION) 167
TABLE 196 JAPAN: VEPC MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD MILLION) 168
TABLE 197 JAPAN: VEPC MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 168
TABLE 198 JAPAN: VEPC MARKET, BY NETWORK TYPE, 2018–2022 (USD MILLION) 168
TABLE 199 JAPAN: VEPC MARKET, BY NETWORK TYPE, 2023–2028 (USD MILLION) 168
TABLE 200 JAPAN: VEPC MARKET, BY END USER, 2018–2022 (USD MILLION) 168
TABLE 201 JAPAN: VEPC MARKET, BY END USER, 2023–2028 (USD MILLION) 169
13.4.5 AUSTRALIA 169
13.4.5.1 Need to leverage LTE networks and offer high-speed connectivity to propel growth 169
13.4.5.2 Australia: Regulatory Norms 169
TABLE 202 AUSTRALIA: VEPC MARKET, BY OFFERING, 2018–2022 (USD MILLION) 170
TABLE 203 AUSTRALIA: VEPC MARKET, BY OFFERING, 2023–2028 (USD MILLION) 170
TABLE 204 AUSTRALIA: VEPC MARKET, BY SERVICE, 2018–2022 (USD MILLION) 170
TABLE 205 AUSTRALIA: VEPC MARKET, BY SERVICE, 2023–2028 (USD MILLION) 170
TABLE 206 AUSTRALIA: VEPC MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION) 171
TABLE 207 AUSTRALIA: VEPC MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION) 171
TABLE 208 AUSTRALIA: VEPC MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD MILLION) 171
TABLE 209 AUSTRALIA: VEPC MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 171
TABLE 210 AUSTRALIA: VEPC MARKET, BY NETWORK TYPE, 2018–2022 (USD MILLION) 172
TABLE 211 AUSTRALIA: VEPC MARKET, BY NETWORK TYPE, 2023–2028 (USD MILLION) 172
TABLE 212 AUSTRALIA: VEPC MARKET, BY END USER, 2018–2022 (USD MILLION) 172
TABLE 213 AUSTRALIA: VEPC MARKET, BY END USER, 2023–2028 (USD MILLION) 172
13.4.6 SOUTH KOREA 173
13.4.6.1 Country’s commitment to digital transformation to propel growth 173
13.4.6.2 South Korea: Regulatory Norms 173
TABLE 214 SOUTH KOREA: VEPC MARKET, BY OFFERING, 2018–2022 (USD MILLION) 173
TABLE 215 SOUTH KOREA: VEPC MARKET, BY OFFERING, 2023–2028 (USD MILLION) 173
TABLE 216 SOUTH KOREA: VEPC MARKET, BY SERVICE, 2018–2022 (USD MILLION) 173
TABLE 217 SOUTH KOREA: VEPC MARKET, BY SERVICE, 2023–2028 (USD MILLION) 174
TABLE 218 SOUTH KOREA: VEPC MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION) 174
TABLE 219 SOUTH KOREA: VEPC MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION) 174
TABLE 220 SOUTH KOREA: VEPC MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD MILLION) 174
TABLE 221 SOUTH KOREA: VEPC MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 175
TABLE 222 SOUTH KOREA: VEPC MARKET, BY NETWORK TYPE, 2018–2022 (USD MILLION) 175
TABLE 223 SOUTH KOREA: VEPC MARKET, BY NETWORK TYPE, 2023–2028 (USD MILLION) 175
TABLE 224 SOUTH KOREA: VEPC MARKET, BY END USER, 2018–2022 (USD MILLION) 175
TABLE 225 SOUTH KOREA: VEPC MARKET, BY END USER, 2023–2028 (USD MILLION) 175
13.4.7 REST OF ASIA PACIFIC 176
13.5 MIDDLE EAST & AFRICA 176
13.5.1 MIDDLE EAST & AFRICA: VEPC MARKET DRIVERS 176
13.5.2 MIDDLE EAST & AFRICA: RECESSION IMPACT 177
TABLE 226 MIDDLE EAST & AFRICA: VEPC MARKET, BY OFFERING, 2018–2022 (USD MILLION) 177
TABLE 227 MIDDLE EAST & AFRICA: VEPC MARKET, BY OFFERING, 2023–2028 (USD MILLION) 177
TABLE 228 MIDDLE EAST & AFRICA: VEPC MARKET, BY SERVICE, 2018–2022 (USD MILLION) 177
TABLE 229 MIDDLE EAST & AFRICA: VEPC MARKET, BY SERVICE, 2023–2028 (USD MILLION) 177
TABLE 230 MIDDLE EAST & AFRICA: VEPC MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION) 178
TABLE 231 MIDDLE EAST & AFRICA: VEPC MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION) 178
TABLE 232 MIDDLE EAST & AFRICA: VEPC MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD MILLION) 178
TABLE 233 MIDDLE EAST & AFRICA: VEPC MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 178
TABLE 234 MIDDLE EAST & AFRICA: VEPC MARKET, BY NETWORK TYPE, 2018–2022 (USD MILLION) 179
TABLE 235 MIDDLE EAST & AFRICA: VEPC MARKET, BY NETWORK TYPE, 2023–2028 (USD MILLION) 179
TABLE 236 MIDDLE EAST & AFRICA: VEPC MARKET, BY END USER, 2018–2022 (USD MILLION) 179
TABLE 237 MIDDLE EAST & AFRICA: VEPC MARKET, BY END USER, 2023–2028 (USD MILLION) 179
TABLE 238 MIDDLE EAST & AFRICA: VEPC MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 180
TABLE 239 MIDDLE EAST & AFRICA: VEPC MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 180
13.5.3 KSA 180
13.5.3.1 Growing demand for advanced network solutions to boost growth 180
13.5.3.2 KSA: Regulatory Norms 180
TABLE 240 KSA: VEPC MARKET, BY OFFERING, 2018–2022 (USD MILLION) 181
TABLE 241 KSA: VEPC MARKET, BY OFFERING, 2023–2028 (USD MILLION) 181
TABLE 242 KSA: VEPC MARKET, BY SERVICE, 2018–2022 (USD MILLION) 181
TABLE 243 KSA: VEPC MARKET, BY SERVICE, 2023–2028 (USD MILLION) 181
TABLE 244 KSA: VEPC MARKET, BY PROFESSIONAL SERVICE, 2018–2022 (USD MILLION) 182
TABLE 245 KSA: VEPC MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD MILLION) 182
TABLE 246 KSA: VEPC MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD MILLION) 182
TABLE 247 KSA: VEPC MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 182
TABLE 248 KSA: VEPC MARKET, BY NETWORK TYPE, 2018–2022 (USD MILLION) 183
TABLE 249 KSA: VEPC MARKET, BY NETWORK TYPE, 2023–2028 (USD MILLION) 183
TABLE 250 KSA: VEPC MARKET, BY END USER, 2018–2022 (USD MILLION) 183
TABLE 251 KSA: VEPC MARKET, BY END USER, 2023–2028 (USD MILLION) 183