The Rising Tide of Virtualized Evolved Packet Core Technology
According to the latest press notes issued by InsightAce Analytic Pvt. Ltd. the worldwide Virtualized Evolved Packet Core (vEPC) market is poised to ensure an exponential upsurge. This sector was valued at $7.04 billion in the year 2022, and it is forecasted to reach $30.36 billion in the year 2031, thus registering an astounding CAGR of 17.8. As the release notes, Network Function Virtualization (NFV) aims towards mobile network improvement, which is critical in the transition into 5G.
Such technologies cannot only aid in standard communication services but also create ample capacity to address future mobile data needs. With ZTE, Cisco, and Ericsson being the leading companies in this sector, it is safe to say that this is a highly competitive area that breeds innovation and challenges.
Positive Impacts of vEPC Technology
The transition towards a virtualized EPC is connected with many tactical advantages, as enlisted below:
- Flexibility: With vEPC, mobile operators can easily adjust their networks to individual customers' requirements, creating an opportunity for bespoke services.
- Scalability: Given the ever-increasing mobile data traffic, this ensures the service provider is capable of adjusting and increasing network functionality as needed.
- Cost-Efficiency: There is less reliance on hardware due to virtualization, which reduces costs and improves profit margins.
As the telecommunications industry prepares for the 5G era and then branches off into future technologies, these benefits can have far-reaching impacts:
- Better User Experiences: More agile networks result in better connectivity which leads to an increase in user satisfaction.
- Increased Innovation: With easy access to things, service providers are more likely to come up with new products and services.
- Market Growth: A growing vEPC industry has the potential to create new jobs and innovation in the industry.
Critical Perspectives
Nonetheless, the vEPC market provides great opportunities in terms of being cost-effective, however some postulations must be made before considering its advantages.
To begin with, some companies, assume that all service providers will be able to use the vEPC technology with their old equipment and systems, however that is an unrealistic approach. Some companies may have to invest a great deal in vEPC which may not be feasible for them, as a result only a few companies will be able to make the shift. Moreover, companies that still heavily rely on old technologies and systems will face great problems associated with integrating newer technologies.
Regarding anticipated growth, however, it is essential to mention that during the COVID-19 times, companies had to deal with several challenges, including supply chain disruptions and a lack of demand. This renders the entire industry as volatile. Outside factors are unpredictable and can interfere with company predictions, such factors as advertisement for example can disrupt expected company and sales growth.
The contemporaries involved in the global convergence of technology are greatly affected by geographical factors. For instance, countries in North America are expected to show extensive growth due to the number of telecom players based in the region. Other developing countries may not be able to achieve the same growth due to lack of infrastructure.
Finally, it’s worth mentioning that the deployment of vEPC into the current infrastructures of telecommunications enhances their effectiveness, but does not necessarily improve customer satisfaction unless resourceful strategies are applied during deployment. How will operators guarantee that the fresh technologies do not remain useless for their clients? Is there a solution that resolves a user's needs in practice?
There is no doubt that the Virtualized Evolved Packet Core market is very promising, but this should also be considered and therefore a growth strategy that is cautious, yet considers these potential pitfalls, enables growth that is more sustainable.
Here in DiskInternals, we provide services meant for data recovery, either virtual or physical. Our understanding of the consequences stemming from data loss positions us to provide tools and resources that mitigate these risks. The moment communication commercializes on virtual solutions, it is vital that organizations consider data recovery and integrity to benefit from the innovations without the loss of important data.