The vEPC will support business strategies for emerging IoT applications and help handle the significant amount of mobile traffic from operators' vertical market partners. "Given how essential vEPC functions will be to the connected world, the demand for them will continue to increase, creating the largest segment of the core market, which grows at a CAGR of 54%," continues Ali.
ABI Research finds that operators in developing markets will also take full advantage of matured virtualized core elements to accelerate their 4G rollouts and compensate for slower network expansions.
The rising adoption of VoLTE and Wi-Fi calling solutions also fuels the need for a virtual IMS and core network functions that deliver real-time communications services for consumer and business users over any access network and for any device type. "The need for a virtual IMS will help to establish a growing market that overtakes the physical mobile core function options in several regions over the next few years," concludes Ali.
These findings are from ABI Research's Mobile Packet Core VNFs and PNFs Market Data (https://www.abiresearch.com/market-research/product/1023892-mobile-packet-core-vnfs-and-pnfs-market-da/) report.
About ABI Research
ABI Research stands at the forefront of technology market research, providing business leaders with comprehensive research and consulting services to help them implement informed, transformative technology decisions. Founded more than 25 years ago, the company's global team of senior and long-tenured analysts delivers deep market data forecasts, analyses, and teardown services. ABI Research is an industry pioneer, proactively uncovering ground-breaking business cycles and publishing research 18 to 36 months in advance of other organizations. For more information, visit www.abiresearch.com.
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SOURCE ABI Research