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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.

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Scope of the Report

Report Metrics


Market size available for years



Base year considered


Forecast period


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.

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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™ 

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.


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Blockchain Press Releases





LAS VEGAS, July 13, 2024 /PRNewswire/ — JanOne Inc. (Nasdaq: JAN), a multidisciplinary organization with a focus on fintech and healthcare, confirmed today that, as of market open on Monday, July 15, 2024, the Company’s new name will be “ALT5 Sigma Corporation” and its Nasdaq common stock ticker symbol will change to “ALTS”. This will replace the Company’s current ticker symbol “JAN”. Further, the Company’s website address will change from “” to “”

The Company’s change of name, ticker symbol, and website address aligns with the Company’s realignment to focus on its recently acquired, ALT5 Sigma fintech as its core engine for revenue growth.

This realignment and changes in corporate name and the ticker symbol were previously announced on July 10, 2024. No action by the Company’s stockholders is required with respect to the ticker symbol change. The Company’s CUSIP number and transfer agent will remain unchanged.

Marking the changes confirmed today, Tony Isaac, Company CEO, observed, “We are pleased to complete the changes to our name and ticker symbol as the initial steps in our previously announced diversification into fintech, while keeping our biotech’s trajectory on track, all for the benefit of our stockholders.”

About JanOne/ALT5 Sigma


The Company is a unique Nasdaq-listed multidisciplinary organization with a focus on healthcare and fintech. The Company is one of the constituents of the Russell Microcap Index, starting June 28, 2024.

Through its fintech activities, the Company provides next generation blockchain-powered technologies to enable a migration to a new global financial paradigm for the trading, clearing, settlement, payment, and custodianship of digital instruments. Through its fintech subsidiaries, the Company offers two main platforms to its customers: “ALT5 Pay” and “ALT5 Prime”. The subsidiaries processed over US$1.2 billion in cryptocurrency transactions in 2023.

ALT5 Pay is a crypto-currency payment gateway that enables registered and approved global merchants to accept and make crypto-currency payments or to integrate the ALT5 Pay payment platform into their application or operations using the plugin with WooCommerce and or ALT5 Pay’s checkout widgets and APIs. Merchants have the option to convert to fiat currency (s) automatically or to receive their payment in digital assets.

ALT5 Prime is an electronic over-the-counter trading platform that enables registered and approved customers to buy and sell digital assets. Customers can purchase digital assets with fiat and, equally, can sell digital assets and receive fiat. ALT5 Prime is available through a browser-based access mobile phone application named “ALT5 Pro” that can be downloaded from the Apple App Store, from Google Play, through ALT5 Prime’s FIX API, as well as through Broadridge Financial Solutions’ NYFIX gateway for approved customers.

Through its biotech activities, the Company is developing innovative, actionable solutions intended to help end the opioid crisis. The Company is dedicated to funding resources toward innovation, technology, and education to find a key resolution to the national opioid epidemic, which is one of the deadliest and most widespread in the nation’s history. Its drugs in the clinical trial pipeline have shown promise for their innovative targeting of the causes of pain as a strategic option for physicians averse to exposing patients to addictive opioids.


Forward Looking Statements

This press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the profitability and prospective growth of ALT5’s platforms and business, that may include, but are not limited to, international currency risks, third-party or customer credit risks, liability claims stemming from ALT5’s services, and technology challenges for future growth or expansion. This press release also contains statements and links relating to risks that JAN 101 will treat PAD, that JAN 123 will treat CRPS, the timing of the commencement of clinical trials, that the FDA will permit approval through a 505(b)(2) pathway for JAN 123, that upon approval JAN 101 will immediately disrupt the PAD market, and other statements, including words such as “continue”, “expect”, “intend”, “will”, “hope”, “should”, “would”, “may”, “potential”, and other similar expressions. Such statements reflect the Company’s current view with respect to future events, are subject to risks and uncertainties, and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political, and social uncertainties, and contingencies.

Many factors could cause the Company’s actual results, performance, or achievements to be materially different from any future results, performance or achievements described in this press release. Such factors could include, among others, those detailed in the Company’s periodic reports filed with the Securities and Exchange Commission (the “SEC”). Should one or more of these risks or uncertainties materialize, or should the assumptions set out in the section entitled “Risk Factors” in the Company’s filings with the SEC underlying those forward-looking statements prove incorrect, actual results may vary materially from those described herein. These forward-looking statements are made as of the date of this press release and the Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law. The Company cannot assure that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Individuals are cautioned that forward-looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.

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Blockchain Press Releases

Battle for Glory at Bybit Web3’s Ultimate Memecoin Arena: Compete to Win $50,000 in Prize Pools




DUBAI, UAE, July 12, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is thrilled to announce the launch of its blockchain clash competition: the Ultimate Memecoin Arena (UMA). This event will showcase a thrilling showdown between two heavyweight meme tokens, Ponke and Brett, representing Solana and Base — two blockchains battling to be the main venue for memecoin launches and trading.

Kicking off on Jul. 11, 2024, at 10AM UTC, and running through Jul. 25, 2024, participants will engage in an epic clash between Solana and Base by supporting their favorite coin from their chosen blockchain. This trading competition is not just for the individual, by siding with the top team, participants will grab the Ultimate Prize Pool for their team.

Prize Pools:

  1. PONKE Prize Pool: $12,500 worth of PONKE tokens
    1. Eligibility: Trade at least $300 worth of PONKE tokens to qualify for a share of this pool.
  2. BRETT Prize Pool: $12,500 worth of BRETT tokens
    1. Eligibility: Trade at least $300 worth of BRETT tokens to qualify for a share of this pool.
  3. Ultimate Prize Pool: $25,000 worth of PONKE & BRETT tokens
    1. The pool with the highest trading volume will win the entire Ultimate Prize Pool.
    2. Rewards will be distributed among participants who have traded at least $300 of the winning token.

How to Participate:

  1. Prepare your Bybit Cloud Wallet or any Seed Phrase Wallet.
  2. Transfer SOL to your wallet for the PONKE Prize Pool or WETH for the BRETT Prize Pool.
  3. Swap at least $300 worth of PONKE or BRETT tokens to be eligible for their respective prize pools.
  4. Engage in trading to contribute to the Ultimate Prize Pool.

The trading competition is the first to be held on Bybit Web3 DEX Pro, a revolutionary decentralized exchange with over 1 million tokens to trade modeled after Bybit’s institutional-grade trading interface. Bybit Web3 DEX Pro surpasses typical CEX offerings, equipping users with i-SMART data intelligence technology. This powerful suite provides traders with on-chain and social media data, allowing them to make informed and smarter decisions.

“This competition is about embracing the excitement and community spirit of the crypto world,” said MK Chin, Bybit Web3 evangelist. “We’re excited to see how participants strategize and trade their way to victory in this thrilling competition.”

Don’t miss your chance to participate in the Ultimate Memecoin Arena and compete for glory and substantial rewards. Join Bybit in the battle of the meme tokens and trade your way to victory!


#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 33 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press.

For media inquiries, please contact: [email protected]


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Blockchain Press Releases

Bybit Web3 and Ignition Join Forces to Bridge the Gap Between Bitcoin and Ethereum




DUBAI, UAE, July 12, 2024 /PRNewswire/ — Bybit, the world’s second-largest web3 platform by trading volume, breaks down barriers between Bitcoin and the Ethereum Virtual Machine (EVM) ecosystems with its partnership of Ignition. Supported by core contributors Mantle and Antalpha Prime, Ignition is paving the way for a low-friction and interoperable future. It extends Bitcoin’s functionality beyond its traditional role as a store of value and transforms it into a reliable asset for cross-chain integrations and diverse yield opportunities.

Bybit Web3 Wallet will support FBTC, an omnichain Bitcoin asset pegged 1:1 to BTC, introduced by Ignition. This strategic collaboration empowers users to unlock the full potential of Bitcoin within the thriving EVM ecosystem, reflecting Bybit Web3’s philosophy of openness, simplicity, and equality.

“We are thrilled to partner with Ignition, which aligns with Bybit’s mission to provide users with innovative and seamless DeFi solutions. By integrating Ignition and FBTC, we are not only enhancing liquidity and interoperability but also paving the way for a more inclusive and dynamic crypto ecosystem,” added MK Chin, Bybit Web3 Evangelist.

FBTC: Bridging the Divide between Bitcoin and non-Bitcoin Ecosystems in Web3

Introduced by Ignition, FBTC is an omnichain Bitcoin asset pegged 1:1 to BTC aimed at elevating Bitcoin’s accessibility and utility. As a secure, decentralized, and composable liquid Bitcoin asset with deep liquidity, $FBTC can be used at scale and easily integrated into various yield enhancement strategies like liquidity pooling, collateral, and staking.


Under Ignition, $FBTC’s growth will be driven by a comprehensive roadmap and strong developer support, ensuring its long-term success and sustainable growth.

Bybit Web3: A Partnership for Enhanced DeFi and User Opportunities

Bybit is at the forefront of adopting the Ignition ecosystem, reinforcing Bybit’s commitment to pioneering innovative solutions for the crypto community. Bybit Web3 users will now have access to a multitude of products and opportunities within the burgeoning Ignition space. 

This integration unlocks a range of benefits for users:

  • Enhanced Liquidity: FBTC opens the door to increased liquidity, allowing users to trade and invest in Bitcoin with greater ease within the EVM ecosystem.
  • Diverse Yield Opportunities: Users can explore a variety of attractive yield-generating strategies with FBTC, maximizing the earning potential of their Bitcoin holdings.
  • Seamless Interoperability: FBTC bridges the gap between various blockchain networks, ensuring users can move their assets freely and efficiently.

Coming Soon: Swap and Staking on FBTC

Bybit Web3 users can look forward to using their Bybit Web3 Wallet to swap and stake on FBTC in the later half of July. For more information, please visit:


#Bybit / #TheCryptoArk / #BybitWeb3

About Bybit Web3

Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 10 million wallet users, over 20 major ecosystem partners, and counting. 

Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as a top 3 global crypto exchange, trusted by 33 million users globally.

Join the revolution now and open the door to your Web3 future with Bybit.


For more details about Bybit, please visit Bybit Web3.

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 33 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit:
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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