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Report Description

Report Description

Vietnam Virtualized Evolved Packet Core Market is anticipated to grow robustly during the forecast period, 2024-2028. The market is being driven by the expansion of Virtualized Evolved Packet Core throughout Vietnam, an increase in mobile network data traffic, an increase in smartphone subscriptions, an increase in the average amount of data used by each subscription, a shift in business usage toward cloud services, and high bandwidth. Rising security concerns, complicated networks with weak links, security risks, lack of understanding, and a lack of resources to move toward virtualization are the issues limiting industry growth. Opportunities for market expansion are anticipated to come from the IoT market's rising growth, the ability to customize products affordably, low latency, improvements in machine-to-machine communication networks, and the transition from LTE to 5G technology.

A cutting-edge mobile-core network technology gaining popularity in the telecommunications sector is the Virtualized Evolved Packet Core network system. The user base's ongoing expansion does not necessarily affect the industry's revenues. In order to enhance capacity and coverage while reducing overall operating costs, telecom companies are looking for new strategies. Evolved Packet Core is being quickly virtualized by network operators to increase service quality at a cheap cost. Technologies such as 5G, IoT, and M2M developments are also driving the adoption of Virtualized Evolved Packet Core. More opportunities for cutting-edge mobile-core network systems will become available as these technologies develop. Theoretically, mobile operators can design networks by virtualizing advanced Packet Core capabilities and combining and rearranging certain network elements to meet the unique needs of different consumers. Additionally, vEPC can save CAPEX and OPEX while accelerating service delivery, enabling on-demand scalability, and reacting to real-time network conditions and user needs by reducing reliance on specialist hardware.

Expanding Mobile Network Data Traffic

The key factors propelling the growth of the Virtualized Evolved Packet Core Market are rising demand for 5G network commercialization, IoT deployment, and agile networks; rising demand for broadband services over mobile networks; and growing need to reduce operational expenditure (OPEX) and capital expenditure (CAPEX). However, factors including the economic slow down and the increasing number of security concerns across the network infrastructure are hindering the market growth.

Additionally, due to the rising use of smartphones and the accessibility of low-cost, high-speed network connections, mobile data traffic is growing all across Vietnam. For instance, according to GSMA Intelligence, the percentage of people who own a smartphone is predicted to rise from 65% in 2021 to 80% by the end of 2025. As a result, virtualized evolving packet core solutions are now required to manage the expanding mobile data traffic. The efficient management of mobile data traffic by a virtualized evolving packet core increases throughput, reduces network congestion problems, optimizes resource consumption, and improves service quality.

Technology Development in Cellular Networks

Another key factors driving the use of virtualized evolved packet core systems is the advancement of cellular network technology, which offers faster data throughput and lower latency. Consumer desire for video as well as business and consumer move to adopt cloud services have been major drivers of the fast increasing data volume. The increasing use of services and applications in consumer electronics devices and business-to-business (B2B) communication systems, which are currently testing or using data-intensive applications such as AR, VR, 3D, and ultra-HD video content, is the main factor driving demand for mobile data services. Mobile data traffic has increased as a result of cellular networks carrying a significant amount of data. The virtualized evolving packet core is anticipated to be driven by a sharp growth in mobile data traffic.

Restraining factors

This market's expansion is hampered by resistance to switching to virtual infrastructure and competition from traditional infrastructure. Furthermore, the market for virtualized evolving packet cores has a lot of prospects due to the growth in machine-to-machine (M2M) and Internet of Things (IoT) communication devices. The transfer from traditional infrastructure, or legacy infrastructure, to virtualization is one of the biggest difficulties that enterprises today face. The majority of businesses still lack the knowledge and resources necessary to make the switch to virtualization, which limits the market's expansion. Additionally, the market for the virtualized evolved packet core is anticipated to be constrained by the high cost associated with the shift toward virtualization.


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Market Segmentation

The Vietnam Virtualized Evolved Packet Core Market is segmented on the basis of component type, end user, and use. Based on component type, the market is divided into solution and services. On the basis of 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).

Market player

Some of the major 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, and Athonet.

Attribute

Details

Base Year

2022

Historic Data

2018– 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, value, and CAGR for 2018 -2022 and 2023 - 2028

Report coverage

Revenue forecast, Company Share, growth factors, and trends

Segments covered

Component Type

End User

Use

Regional scope

Northern Vietnam, Southern Vietnam and Central Vietnam

Key companies profiled

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, and Athonet

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, Vietnam Virtualized Evolved Packet Core Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·         Vietnam Virtualized Evolved Packet Core Market, By Component Type:

o   Solution

o   Services

·         Vietnam Virtualized Evolved Packet Core Market, By End User:

o   Telecom Operator

o   Enterprise

·         Vietnam Virtualized Evolved Packet Core Market, By Use:

o   Internet of Things (IoT) and Machine to Machine (M2M)

o   Mobile Private Networks (MPN’s) and Mobile Virtual Network Operators (MVNO’s)

·         Vietnam Virtualized Evolved Packet Core Market, By Region:

o   Northern Vietnam

o   Southern Vietnam

o   Central Vietnam

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Vietnam Virtualized Evolved Packet Core Market

Available Customizations:

With the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

The Vietnam Virtualized Evolved Packet Core Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Vietnam Virtualized Evolved Packet Core Market

4.    Executive Summary

5.    Voice of Customers

6.    Vietnam Virtualized Evolved Packet Core Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Component Type (Solution Vs Services)

6.2.2.     By End User (Telecom Operator Vs Enterprise)

6.2.3.     By Use (Internet of Things (IoT) and Machine to Machine (M2M), Mobile Private Networks (MPN’s) and Mobile Virtual Network Operators (MVNO’s)

6.2.4.     By Region

6.2.5.     By Company (2021)

6.3.  Market Map

7.    Northern Vietnam Virtualized Evolved Packet Core Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Component Type

7.2.2.     By End User

7.2.3.     By Use

8.    Southern Vietnam Virtualized Evolved Packet Core Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Product

8.2.2.     By Outer Diameter

8.2.3.     By Application

9.    Central Vietnam Virtualized Evolved Packet Core Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Component Type

9.2.2.     By End User

9.2.3.     By Use

10.  Market Dynamics

10.1.              Drivers

10.1.1.  Expanding Mobile Network Data Traffic

10.1.2.  Technology Development in Cellular Networks

10.2.              Challenges

10.2.1.  Shortage of Semiconductor to slowdown the IoT MCU market

11.  Market Trends & Developments

11.1.              Increasing popularity of Artificial intelligence Internet of Things (AIoT)

11.2.              Government Initiative

11.3.              Rising Awareness

12.  Policy & Regulatory Landscape

13.  Vietnam Economic Profile

14.  Company Profiles

14.1.              Affirmed Networks, Inc.

14.1.1. Business Overview

14.1.2. Key Revenue and Financials (If Available)

14.1.3. Recent Developments

14.1.4. Key Personnel

14.1.5. Key Product/Services

14.2.              Ericsson AB

14.2.1. Business Overview

14.2.2. Key Revenue and Financials (If Available)

14.2.3. Recent Developments

14.2.4. Key Personnel

14.2.5. Key Product/Services

14.3.              Huawei Technologies (Vietnam) Co., Ltd

14.3.1. Business Overview

14.3.2. Key Revenue and Financials (If Available)

14.3.3. Recent Developments

14.3.4. Key Personnel

14.3.5. Key Product/Services

14.4.              ZTE Corporation

14.4.1. Business Overview

14.4.2. Key Revenue and Financials (If Available)

14.4.3. Recent Developments

14.4.4. Key Personnel

14.4.5. Key Product/Services

14.5.             NEC Vietnam Co., Ltd

14.5.1. Business Overview

14.5.2. Key Revenue and Financials (If Available)

14.5.3. Recent Developments

14.5.4. Key Personnel

14.5.5. Key Product/Services

14.6.              Nokia Vietnam Technology and Network Services Co., Ltd

14.6.1. Business Overview

14.6.2. Key Revenue and Financials (If Available)

14.6.3. Recent Developments

14.6.4. Key Personnel

14.6.5. Key Product/Services

14.7.              Cisco Systems Vietnam Co.,Ltd.

14.7.1. Business Overview

14.7.2. Key Revenue and Financials (If Available)

14.7.3. Recent Developments

14.7.4. Key Personnel

14.7.5. Key Product/Services

14.8.             Samsung electronics vietnam company limited

14.8.1. Business Overview

14.8.2. Key Revenue and Financials (If Available)

14.8.3. Recent Developments

14.8.4. Key Personnel

14.8.5. Key Product/Services

14.9.              Mavenir Systems

14.9.1. Business Overview

14.9.2. Key Revenue and Financials (If Available)

14.9.3. Recent Developments

14.9.4. Key Personnel

14.9.5. Key Product/Services

14.10.           Athonet

14.10.1.              Business Overview

14.10.2.              Key Revenue and Financials (If Available)

14.10.3.              Recent Developments

14.10.4.              Key Personnel

14.10.5.              Key Product/Services

15.  Strategic Recommendations

15.1.              Key focus on Northern Region

16.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

Frequently asked questions

A Virtual Evolved Packet Core (vEPC) is a framework for mobile networks' voice and data processing and switching that is implemented by Network Functions Virtualization (NFV), which virtualizes the functions of an Evolved Packet Core (EPC).

Southern Vietnam is the dominant region owing to urban population and commercial sector.

Some of the major players in the Vietnam Virtualized Evolved Packet Core Market are 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, and Athonet.

Shortage of Semiconductor to slowdown the IoT MCU market is the main challenge in Vietnam Virtualized Evolved Packet Core Market.

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