Blockchain Press Releases
Virtualized Evolved Packet Core (vEPC) Market worth $19.9 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, June 28, 2023 /PRNewswire/ — With elements like 5G network expansion, edge computing integration, network slicing for service differentiation, cloud-native transformation, automation, and security improvements, the future of the vEPC market is bright. As operators look for effective, flexible, and scalable network solutions to meet changing demands, collaboration, partnerships, and deployments tailored to certain industries will further contribute to their growth.
The global Virtualized Evolved Packet Core (vEPC) Market is expected to be worth USD 8.4 billion in 2023 and USD 19.9 billion by 2028, growing at a CAGR of 18.7% during the forecast period, according to a new report by MarketsandMarkets™. The need for cost-effective and efficient network management solutions accelerates the growth of the vEPC market.
Browse in-depth TOC on “Virtualized Evolved Packet Core (vEPC) Market“
305 – Tables
58 – Figures
286 – Pages
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Scope of the Report
|
Report Metrics |
Details |
|
Market size available for years |
2023-2028 |
|
Base year considered |
2022 |
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Forecast period |
2023-2028 |
|
Forecast units |
Value (USD) Million/Billion |
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Segments Covered |
Offering, solutions, services, network, deployment model, end-user, application, and regions |
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Region covered |
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America |
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Companies covered |
Nokia (Finland), Ericsson (Sweden), Cisco(US), Huawei (China), ZTE (China), Samsung (South Korea), Affirmed Networks(US), Mavenir(US), NEC(Japan), Athonet(Italy), Cumcore(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). |
Services segment to grow at higher CAGR during the forecast period
The services segment is expected to grow significantly in the vEPC market during the forecast period. This can be attributed to the increasing demand for professional and managed services to support the deployment and operation of virtualized EPC solutions. Enterprises seek specialized services to ensure a smooth integration, customization, and optimization of vEPC systems within their network infrastructure. Service providers are focusing on offering comprehensive service packages, including consulting, implementation, maintenance, and support, to address the specific requirements of their clients. The growing adoption of vEPC across various industries, such as telecommunications, healthcare, and transportation, is driving the demand for services to enhance network performance, security, and scalability.
Cloud mode of deployment is expected to grow at higher CAGR during the forecast period
This can be attributed to the numerous advantages offered by cloud-based vEPC solutions, including scalability, flexibility, and cost-effectiveness. Enterprises are increasingly adopting cloud deployment models to leverage the benefits of virtualization and cloud computing in their network infrastructure. Cloud-based vEPC enables rapid deployment, easy management, and seamless scalability of network functions, allowing organizations to adapt to changing demands and optimize resource utilization. The cloud deployment model also facilitates centralized management and orchestration, simplifying network operations and enhancing agility. As the demand for efficient and agile network solutions continues to rise, the cloud deployment model is poised to play a pivotal role in driving the growth of the vEPC market.
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Asia Pacific region is expected to grow at higher CAGR during the forecast period
The growth of the region can be attributed to several factors, including the region’s rapid adoption of advanced technologies, expanding mobile subscriber base, and the emergence of various industries. Countries such as China, Japan, South Korea, and India are experiencing a surge in demand for high-speed and reliable connectivity driven by the widespread use of smartphones, IoT devices, and digital services. Furthermore, supportive government initiatives and investments in 5G infrastructure development are fueling the expansion of the vEPC market in the region. With the increasing focus on digital transformation across industries and the need for efficient network management solutions, the Asia Pacific region presents significant opportunities for vEPC vendors and service providers to establish a strong presence and meet the growing demand for advanced communication networks.
Top Key Companies in Virtualized Evolved Packet Core (vEPC) Market:
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).
Recent Developments
- October 2022 – To support the development of 5G ecosystems and advance 6G research in Europe, the Smart Networks and Services Joint Undertaking (SNS JU) has chosen its initial portfolio of 35 research, innovation, and trial projects. The goal is to create a world-class European supply chain for cutting-edge 5G systems and expand Europe’s 6G technology capacities with total funding for this new portfolio of about €250 million under Horizon Europe.
- September 2022 – Nokia announced its Software-as-a-Service (SaaS), AVA Charging, to support CSPs and enterprises to quickly commercialize new offerings for 5G and IoT use cases.
- October 2021 – The company launched a new set of 5G solutions to enable the evolution of all frequency bands to 5G.
- May 2019 – Ericsson cloud packet core will be employed by Vodafone Idea Limited to improve network performance. Ericsson’s major network applications and features, like its Virtualization Infrastructure (NFVI), Service-Aware Policy Controller (VSAPC), and Virtual Evolved Packet Gateway (VEG) solutions, which facilitate seamless business continuity and quick rollout of new services, will be advantageous to VIL.
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Virtualized Evolved Packet Core (vEPC) Market Advantages:
- vEPC eliminates the need for pricey hardware infrastructure by virtualizing the core network processes. Using common servers and virtualization technology lowers capital expenditure (CapEx), which helps operators save a lot of money.
- In order to adapt to changing demands, vEPC allows variable network capacity scalability. Through dynamic resource allocation based on traffic patterns, it enables operators to effectively manage peak loads. This virtue of scalability, which also ensures a better user experience, lowers the possibility of network congestion.
- With vEPC, network administrators can swiftly roll out new features and services without being constrained by the deployment of physical hardware. Reduced time-to-market for new products is made possible by the virtualized environment’s quick service creation, testing, and deployment.
- The goal of NFV is to virtualize and consolidate network functions, and vEPC is a crucial part of it. Operators can take use of the larger advantages of NFV, such as streamlined network management, higher service agility, and improved resource utilisation, by embracing vEPC.
- Built-in redundancy and resilience features are offered by virtualization. The virtualized network services can be simply moved to another server or data centre in the event of hardware failure, resulting in the least amount of service interruption. This raises the availability and dependability of the network.
- Operators can effectively use server resources by dynamically allocating them based on demand thanks to vEPC. Flexibility improves resource utilisation, lowers power usage, and boosts overall operational efficiency.
- The hardware requirements for conventional EPC architectures are many and complicated. By combining fundamental network operations into a virtualized environment, vEPC streamlines network architecture. Operations are streamlined, network management is made easier, and the number of physical devices is decreased.
Report Objectives
- To determine and forecast the global vEPC market based on offering, solutions, services, network, deployment model, end user, application and regions from 2023 to 2028.
- To forecast the size of the market’s segments with respect to five main regions: North America, Europe, Asia Pacific (APAC), Latin America, Middle East & Africa (MEA)
- To provide detailed information about the major factors (drivers, opportunities, threats, and challenges) influencing the growth of the vEPC market
- To study the complete value chain and related industry segments and perform a value chain analysis of the vEPC market landscape
- To strategically analyze macro and micromarkets with respect to individual growth trends, prospects, and contributions to the total vEPC market
- To analyze industry trends, regulatory landscape, and patents & innovations related to the vEPC market
- To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the vEPC market
- To profile key players in the market and comprehensively analyze their market share/ranking and core competencies
- To track and analyze competitive developments, such as mergers and acquisitions, a new product launched and product developments, partnerships, agreements, and collaborations, business expansions, and Research & Development (R&D) activities, in the market
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About MarketsandMarkets™
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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
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Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
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Blockchain Press Releases
Introducing CoinDesk 80: Diversified Exposure to Digital Assets Beyond the Top 20
Bullish Exchange Launches CoinDesk 80 Index Perpetual Futures
NEW YORK, Jan. 21, 2025 /PRNewswire/ — CoinDesk Indices is proud to announce the launch of the CoinDesk 80 Index, designed to track the performance of the next 80 leading digital assets after the CoinDesk 20 Index. This innovative index provides seamless and diversified exposure to the evolving digital asset landscape, meeting the growing demand from institutional trading firms for liquidity on a larger breadth of digital assets.
As the digital asset market matures, institutional participation continues to accelerate. Investors are increasingly seeking opportunities beyond bitcoin and ether to diversify their portfolios. Since its debut in January 2024, the CoinDesk 20 Index has become the industry benchmark for larger-cap digital assets, driving over $12 billion in total trading volume and underpinning more than a dozen investment products globally. The CoinDesk 80 Index builds on this success by capturing the next tier of large and liquid digital assets.
To support this launch, Bullish Exchange, one of the fastest-growing regulated digital asset exchanges, has listed a CoinDesk 80 Index Perpetual Futures Contract (CD80/USDC-PERP). Bullish, which has surpassed $1 trillion in cumulative trading volume since its launch in November 2021, continues to expand its offerings to meet institutional and retail demand. In 2H 2024, the platform recorded average daily trading volumes exceeding $2 billion.
Maxime Seiler, CEO, STS Digital Ltd, Bermuda said, “The CoinDesk 80 Index Perpetual Future will enable us to efficiently manage market exposure arising from our wide-ranging altcoin option offering to our clients. It is another innovative product from Bullish, enhancing their strong product suite and bringing index derivatives forward.”
“CoinDesk Indices is committed to creating tradable and trusted benchmarks,” said Alan Campbell, President of CoinDesk Indices. “With the CoinDesk 80, we’re addressing institutional demand for exposure beyond the top 20 digital assets. This index provides a scalable solution for trading, risk management, and allocation. We’re thrilled to see early adoption and growing liquidity as we expand our suite of regulated indices.”
The next tier is here. Key Features of the CoinDesk 80 Index:
- Liquidity and Scalability: Focused on assets with high liquidity and significant market size.
- Minimal Exclusions: Stablecoins, wrapped, pegged, staked, and gas tokens.
- Comprehensive Liquidity Screening: Evaluates /USD, /USDC, and /USDT pairs on top-tier exchanges ranked by CCData, an affiliate of CoinDesk.
- Market Cap Weighting: Constituents are weighted by market cap, with a 5% cap per asset to ensure diversification.
- Quarterly Reconstitution: Aligns with CoinDesk 20 reconstitutions, using buffers to reduce turnover and adhering to a robust governance framework.
“The demand for index products is growing as digital assets become an established part of global financial markets,” said Tom Farley, CEO of Bullish. “We are excited to launch the CoinDesk 80 Index Perpetual Futures Contract on our platform, leveraging our tight spreads, deep liquidity, and robust regulatory framework to support market participants.”
To learn more about the CoinDesk 80 Index, please visit coindesk.com/price/cd80.
For more information on CoinDesk 80 perpetual futures offered by Bullish, please get in touch with a Bullish Relationship Manager.
About CoinDesk Indices
Since 2014, CoinDesk Indices has been at the forefront of the digital asset revolution, empowering investors globally. A portfolio company of the Bullish Group, our indices form the foundation of the world’s largest digital asset products. Through the recent addition of CC Data Limited, an FCA regulated benchmark administrator, CoinDesk Indices now offers BMR-compliant products across multi-asset indices, reference rates, and strategies. Flagships such as the CoinDesk Bitcoin Price Index and the CoinDesk 20 Index set the industry standard for measuring, trading, and investing in digital assets. With tens of billions of dollars in benchmarked assets, CoinDesk Indices is a trusted partner.
Discover more at coindeskmarkets.com.
About Bullish
With a focus on developing products and services for the digital assets sector, Bullish has rewired the traditional exchange to benefit asset holders, enable traders and increase market transparency. Supported by the Group’s well-capitalized treasury, Bullish’s digital asset spot and derivatives trading services utilize high-performance central limit order matching and proprietary market making technology to deliver deep liquidity and tight spreads within a compliant framework.
Launched in November 2021, the exchange is available in 50+ select jurisdictions in Asia Pacific, Europe, Africa, and Latin America. Bullish prioritizes compliance and safeguarding customer assets through robust security measures and regulatory oversight. The business is licensed by the German Federal Financial Supervisory Authority (BaFin) and the Gibraltar Financial Services Commission. For more information on Bullish, please visit bullish.com and follow LinkedIn and X.
Disclaimer
CoinDesk is a portfolio company of the Bullish Group. CoinDesk Indices, Inc., including CC Data Limited, its affiliate which performs certain outsourced administration and calculation services on its behalf (collectively, “CoinDesk Indices”), does not sponsor, endorse, sell, promote, or manage any investment offered by any third party that seeks to provide an investment return based on the performance of any index. CoinDesk Indices is neither an investment adviser nor a commodity trading advisor and makes no representation regarding the advisability of making an investment linked to any CoinDesk Indices index. CoinDesk Indices does not act as a fiduciary. A decision to invest in any asset linked to a CoinDesk Indices index should not be made in reliance on any of the statements set forth in this document or elsewhere by CoinDesk Indices. All content displayed here or otherwise used in connection with any CoinDesk Indices index (the “Content”) is owned by CoinDesk Indices and/or its third-party data providers and licensors, unless stated otherwise by CoinDesk Indices. CoinDesk Indices does not guarantee the accuracy, completeness, timeliness, adequacy, validity, or availability of any of the Content. CoinDesk Indices is not responsible for any errors or omissions, regardless of the cause, in the results obtained from the use of any of the Content. CoinDesk Indices does not assume any obligation to update the Content following publication in any form or format. © 2025 CoinDesk Indices, Inc. All rights reserved.
Bullish Exchange is operated by Bullish (GI) Ltd which is licensed by the Gibraltar Financial Services Commission (DLT license: FSC1038FSA). High risk product. Only available to eligible professional investors in select locations. Not available to persons located in the United Kingdom unless they are investment professionals or high net worth entities, as defined in Article 19 and 49 of the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005 (as amended). Important info and risk warnings here: bullish.com/legal.
Forward-Looking Statements
This press release may include “forward-looking statements” relating to future events or the Bullish Group’s future financial or operating performance, business strategy, and potential market opportunity. Such forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Bullish Group, are inherently uncertain and are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. You should not place undue reliance on any such forward-looking statements, which speak only as of the date they are made, and the Bullish Group undertakes no duty to update these forward-looking statements.
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Blockchain Press Releases
“You Voted, We Listed”: ByVotes Community Propelled TOSHI, HAT, and HPOS10I to Bybit Spot Listings
DUBAI, UAE, Jan. 21, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has welcomed a stream of successful community-led and backed listings through its ByVotes mechanism in January. To celebrate the listings, the exchange is offering exclusive rewards for three newly listed tokens: TOSHI, HAT, and HPOS10I in respective Puzzle Hunt events.
Now listed on Bybit, the tokens are available for Bybit Spot trading, Spot Grid Trading Bots, and Convert. Users can buy and convert them with more than 400 crypto assets or USDT at zero fee:
- Representing the BASE mascot, Coinbase co-founder Brian Armstrong’s beloved cat and BTC’s revered creator, TOSHI is native to the Meow DAO and exemplifies community governance in the tokenized economy as the oldest meme coin on the Base network.
- For the Top Hat token HAT, the listing will enhance access to the customizable AI agent revolution for Bybit users looking to tap into emerging technologies. It fuels the no-code AI agent generation platform, allowing users to create and personalize their very own AI agents within minutes and without hard technical skills.
- The iconic memecoin HPOS10I was the first of its kind to fuse the realm of fantasy and the chaotic lure of crypto since May 2023. It is known for its vibrant community, the Sproto Gremlins, an NFT collection of 3,333 exclusive unique manifestations of HPOS10I’s egregore.
Spot Listing Perks
ByVotes users who carried the projects across the finishing lines have divided the respective prize pool for their voting success. Additionally, each listing comes with more exclusive Bybit Spot rewards.
From now to Jan. 31, eligible Bybit users may sign up for the TOSHI Puzzle Hunt and the HPOS10I Puzzle Hunt for a chance to win up to 1,000,000 TOSHI tokens or up to 600 HPOS10I from the total prize pools. To participate, users may earn or exchange puzzle pieces through simple tasks: check-ins, deposits, trading, or referrals.
Separately, from now to Feb.4, another 18,000,000 HAT are up for grabs for in the HAT Puzzle Hunt event.
Diversifying Bybit Spot Through ByVotes
ByVotes was upgraded in 2024 with resounding success, having launched 6 exciting new projects and saw a 300% increase in visits after the revamp. The platform also recorded a 200% growth in voters.
The benefits of the ByVotes platform include community innovation and enhanced dynamics between new projects and its backers. It offers an innovative alternative to decision making for token listings on Bybit, empowering the its users to help expand the offerings on Bybit Spot by popular votes. The ByVotes prize pools also provide early supporters with opportunities to gain from pre-listing rewards and airdrops.
Users may visit ByVotes to get a headstart on supporting more upcoming projects championing innovation and creativity in the Web3 and blockchain space.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
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