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
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=45409339
Scope of the Report
|
Report Metrics |
Details |
|
Market size available for years |
2023-2028 |
|
Base year considered |
2022 |
|
Forecast period |
2023-2028 |
|
Forecast units |
Value (USD) Million/Billion |
|
Segments Covered |
Offering, solutions, services, network, deployment model, end-user, application, and regions |
|
Region covered |
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America |
|
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.
Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=45409339
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.
Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=45409339
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
Browse Adjacent Markets: Mobility and Telecom Market Research Reports & Consulting
Related Reports:
6G Market – Global Forecast to 2028
5G IoT Market– Global Forecast to 2028
5G Security Market – Global Forecast to 2027
Contact Center Software Market– Global Forecast to 2027
Voice Assistant Application Market – Global Forecast to 2026
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
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.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/virtualized-evolved-packet-core-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/virtualized-evolved-packet-core.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/virtualized-evolved-packet-core-vepc-market-worth-19-9-billion-by-2028—exclusive-report-by-marketsandmarkets-301865499.html
Blockchain Press Releases
Common Crawl Foundation and Constellation Network Announce Partnership to Bridge Blockchain and AI
Constellation Network and Common Crawl Foundation are Revolutionizing Web Data Accessibility and AI Development Through Blockchain Technology
SAN FRANCISCO, Oct. 24, 2024 /PRNewswire/ — The Common Crawl Foundation, a non-profit organization founded in 2007, dedicated to providing a copy of the internet to the public, and Constellation Network, a Web3 blockchain ecosystem notable for providing solutions to the US Department of Defense today announced a strategic partnership aimed at democratizing and enhancing the accessibility and utility of web-crawled data on blockchain technology for artificial intelligence (AI) and data applications.
This collaboration will explore potential opportunities for improving large language models used by AI, starting with Common Crawl’s vast dataset that is used by 80% of Large Language Models, crawled over 250 billion web pages to date (19 billion in 2024 alone), and consists of an archive of nearly 9 petabytes of archived crawled data. By leveraging Constellation’s decentralized network, Hypergraph, to add immutability, provenance, and auditability around the data the partnership aligns to provide joint solutions around responsible and transparent AI.
With AI projected to be a $3T industry by 2030, there are growing demands for secure solutions to sharing common data sets being used for the training of large language models, improving storage of queried and cleaned data, monetization opportunities for data, and enhanced transparency with the source of data. With Constellation’s unique approach to providing tools to converge existing infrastructure with distributed and decentralized networks, and Common Crawl’s history of data and growth of data utility, this partnership aligns to further democratize data.
“This partnership represents a significant step forward in securing trusted distribution of Common Crawl” said Rich Skrenta, Executive Director of the Common Crawl Foundation. “By combining our comprehensive web archive with Constellation’s proven implementation of blockchain technology, researchers and developers from around the world can trust what they’re getting from Common Crawl and have a model for authenticating large open data sets, such as those used for AI training”.
Ben Jorgensen, CEO of Constellation Network states, “The partnership between Constellation Network and Common Crawl highlights mainstream adoption of web3 solutions outside the echo chambers of crypto. This alignment continues Constellation’s mission of our zero trust network being used as a public good for a data-focused future”. Jorgensen continues, “Our aim is to further attract new developers by showcasing capabilities, such as integrating immutability throughout digital workflows, and thus further differentiate ourselves from earlier generations of blockchain technology.”
The two organizations will begin a phased approach to implement this initiative, starting with a customizable subnet, called a metagraph, which will integrate a subset of Common Crawl’s data. This subnet is currently live on their test network and will be soon deployed to Constellation’s public network, Hypergraph. Further details of the live metagraph will be featured in the coming weeks along with information on how organizations and developers can participate.
For more information, please visit:
- Common Crawl Foundation: https://commoncrawl.org
- Constellation Network: https://constellationnetwork.io
- X.com @Conste11ation
About Common Crawl Foundation
The Common Crawl Foundation is a 501(c)(3) non-profit organization dedicated to providing a copy of the internet to the public, free of charge. Their web archive consists of petabytes of data collected over years of web crawling, serving as a critical resource for researchers, businesses, and developers worldwide.
About Constellation Network
Constellation Network is a Web3 blockchain ecosystem that bridges crypto economies with traditional businesses. Its flagship network, Hypergraph, provides a solution for fast, scalable, and zero-fee transactions. Constellation’s Network is validated by the US Department of Defense which has been a customer since 2019.
Note: This press release contains forward-looking statements. Actual results may differ materially from those projected.
Logo – https://mma.prnewswire.com/media/2537537/ConstellationxCommonCrawl_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/common-crawl-foundation-and-constellation-network-announce-partnership-to-bridge-blockchain-and-ai-302284019.html
Following a management buy-out by the management team at TOKO FZE, the business has been rebranded as Scintilla, the revolutionary platform providing on-chain solutions and services to make investments more inclusive, accessible, and efficient. Having been developed within DLA Piper’s Law& innovation portfolio, TOKO – now Scintilla has a fresh brand identity, new leadership, and innovative product offerings. Scintilla is set to reshape the future of finance by enabling businesses to unlock the power of blockchain technology across various asset classes, with DLA Piper remaining as a minority shareholder.
Regulated by Dubai’s Virtual Assets Regulatory Authority (VARA), Scintilla is one of the first digital asset companies to gain full market licenses, marking a significant milestone in the sector’s landscape. Being a regulated entity underscores Scintilla’s commitment to the highest standards of compliance and security while pioneering new solutions for tokenization in the global market.
Innovating Finance Through Tokenization
Scintilla offers a comprehensive suite of tokenization services designed to bring liquidity, transparency, and efficiency to traditional finance sectors. From tokenized financial products, and real estate all the way to new legal funding products, Scintilla’s digital asset solutions enable clients to tokenize assets that were previously inaccessible to investors or illiquid.
Scintilla’s services include:
Advisory Services: The gateway to successful market entry. From initial opportunity assessment to strategic development of game-changing tokenization-based solutions.
Use Case Development: Bringing products to life. From initial POC development and iteration towards MVP all the way through to the full market launch.
Broker/Dealer Services: Creating new markets. Regulated primary market trading, ensuring the highest levels of trust and security within the tokenization space.
Exchange Services: Universal participation. Seamless, secure secondary trading of tokenized assets, with industry-leading technology and compliance standards.
Scintilla is uniquely positioned to capitalize on the confluence of Dubai’s world-leading regulatory environment, cutting-edge technology, and the burgeoning RWA market.
A New Era for Scintilla
The relaunch of Scintilla represents more than just a rebranding—it signifies the company’s growing ambition to lead in the digital asset space. With an expanded team of industry experts, including continuing Board representation from DLA Piper, and a clear strategic vision, Scintilla is set to drive the adoption of tokenization in traditional financial markets.
“Our relaunch marks the beginning of an exciting new chapter for Scintilla and the wider industry. We are committed to pushing the boundaries of what is possible in digital finance while ensuring our solutions are underpinned by strong regulatory compliance,” said Tim Popplewell, CEO of Scintilla. “With our new suite of products and services, we are empowering investors to transform the way they manage and access value.”
Jean-Pierre Douglas-Henry, Managing Director, Sustainability and Resilience, DLA Piper added: “Innovation is a key strand in our business strategy. As our business focuses on developing and nurturing innovations that add significant value to our clients through our Law& innovation program, it is fantastic to see this solution spun out into the thriving digital asset space for the next stage of its growth and development.”
The post DLA Piper’s crypto tokenization engine TOKO relaunches as Scintilla appeared first on HIPTHER Alerts.
Blockchain Press Releases
KuCoin Managing Director Alicia Kao Highlights Crypto Education at Blockchain Life 2024
DUBAI, UAE, Oct. 24, 2024 /PRNewswire/ — KuCoin, a global leader in the cryptocurrency market, proudly participated in Blockchain Life 2024, one of the industry’s premier events, held in Dubai as Stage Sponsor and Gold Sponsor. This event brought together a diverse group of enthusiasts, professionals, investors, and traders to delve into the ever-evolving world of blockchain and cryptocurrency.
During her keynote speech on “Shaping Crypto Minds with KuCoin: Education Makes Mastery,” Alicia, Managing Director of KuCoin, highlighted the knowledge gaps currently facing the industry. KuCoin is actively addressing these through its various educational initiatives. In the first half of 2024 alone, KuCoin Learn attracted 1.5 million engaged users, while its Learn and Earn program saw participation from over 2.72 million users since its inception. These programs are part of KuCoin’s broader effort to elevate user education and ensure traders and investors have the tools they need for informed participation in the crypto space.
Alicia emphasized the importance of security in her presentation, reiterating KuCoin’s commitment to prioritizing user needs and safeguarding their interests. “At KuCoin, we believe that an educated user is a secure user. Our educational platforms, including KuCoin Learn and KuCoin Campus, are designed to empower our users with knowledge that enhances their trading experiences while emphasizing the critical importance of security,” she stated.
In addition to her keynote, Alicia participated in a panel discussion titled “Crypto Exchanges and Private Investors: Shaping Investment Strategies and Adapting to Market Trends.” The panel explored effective strategies for navigating the crypto industry, focusing on how centralized exchanges (CEXs) can help foster industry growth by aligning with investor needs in changing market conditions.
KuCoin’s presence at Blockchain Life 2024 underscores its ongoing commitment to leadership through education in the cryptocurrency sector. It prepares its users to participate in and excel in the evolving digital economy.
About KuCoin
Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 800 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 36 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.
Photo – https://mma.prnewswire.com/media/2538870/image_5002362_27118193.jpg
Logo – https://mma.prnewswire.com/media/2356857/KuCoin_Horizontal_Green_LOGO_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/kucoin-managing-director-alicia-kao-highlights-crypto-education-at-blockchain-life-2024-302285855.html
-
Blockchain Press Releases7 days agoRace to the Top: Bybit Adds $1 Million to WSOT 2024 Prize Pool – Final Days to Register!
-
Blockchain Press Releases6 days ago
Ostium Launches Novel Macro Trading Platform Amidst Growth in Global Events-Based Trading
-
Blockchain Press Releases2 days agoBitMEX achieves industry-leading low on-chain AML risk profile through strategic partnership with Chainalysis
-
Blockchain Press Releases2 days ago
Acceleration of global marketing collaboration between Milk Partners, AirAsia rewards, and The Sandbox
-
Blockchain6 days agoIndia Fintech Blockchain Report 2024: Market to Grow by Over $1.5 Billion by 2030 – Regional Insights, Competition, Forecast and Opportunities
-
Blockchain2 days ago
India Digital Payment Gateway Research Report 2024: $32.96 Bn Market Trends Analysis, Regional Insights, Competitive Landscape, Forecasts and Opportunities 2020-2030
-
Blockchain2 days agoBalance registers Balance Trust Company, Growing Alberta’s FinTech Sector
-
Blockchain2 days ago
Keabank Launches World’s First Payment Intelligence Service to Simplify Global Payments
