Virtual Customer Premises Equipment Market Analysis
The Virtual Customer Premises Equipment Market is predicted to touch USD
2600 million at a whopping 27% CAGR between 2016- 2022, states the recent
Market Research Future (MRFR) analysis. Virtual CPE, simply put, is an
alternative means to deliver subscribers with broadband services where a major
part of the CPE function is pulled in to the network of the operator and
located adjacent the service edge.
Various factors are adding to the virtual customer
premises equipment (vCPE) market share. As per the current MRFR report, such
factors include growing need for mobility, cost optimization benefit to
maintain hardware, burgeoning need for cloud-based or virtual solutions,
increasing use of virtual CPE network infrastructure, increasing use of
internet technologies, and increasing complexity of networks.
On the flip side, the lack of technical expertise,
limited knowledge, and the threat to data security and reliability are factors
that may impede the growth of the market during the forecast period. Besides,
the ongoing COVID-19 impact has also affected the market growth to a certain
extent and is likely to get back to normalcy soon.
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Market Segmentation
The virtual CPE market is segmented on the basis of
solution, service, deployment, and application.
By service, the market is split into managed service
& professional service. The professional service is again segmented into
maintenance, consulting, support services, and integration services. Among
these, professional services will spearhead the market over the forecast
period.
By solution, the market is split into virtual
equipment solution, security, and compliance, infrastructure management, &
others.
By deployment, the market is split into a
cloud-hosted CPE model & CPE model.
By application, the market is split into enterprise
applications & residential applications. Among these, the enterprise
segment will have lions share in the market over the forecast period.
Regional Analysis
Based on the region, the global virtual CPE market
report covers the growth opportunities and recent trends across the Asia
Pacific (APAC), North America, Europe, and the Rest of the World (RoW). Of
these, North America will dominate the market over the forecast period. The
presence of well-established economies, and increased use of SDN and NFV in
telecom companies and data centers, use of advanced technology are adding to
the global virtual CPE market growth in the region. Besides, higher adoption in
enterprises and the established technological market is also adding market
growth. The US holds the utmost share in the market.
In Europe, the virtual CPE market will hold the
second-largest market share during the forecast period. Increasing use of
latest virtual CPE features is adding to the global virtual CPE market growth in
the region.
In the Asia Pacific region, the virtual CPE market
is likely to develop at the highest CAGR over the forecast period. The growing
need for cloud-based solutions and enterprise mobility, coupled with the rapid
expansion of enterprises, is adding to the global virtual CPE market growth in
the region.
In the RoW, the virtual CPE market is projected to
have sound growth over the forecast period.
Key Players
Leading contenders profiled in the global virtual
CPE market report comprise AT&T, Inc (U.S.), Ericsson AB (Sweden), Dell,
Inc (U.S.), Intel Corporation (U.S.), Orange Business Services (The
Netherlands), International Business Machines, Corporation (U.S.), Verizon
Wireless (U.S.), Cisco Systems, Inc (U.S.), Qosmos (France), and NEC
Corporation (Japan). Other players include RAD Data Communications (Israel),
Juniper Networks, Inc (U.S.), Lanner Electronics Incorporated. (Taiwan),
Cloudify Platform Ltd (U.S.), Versa Networks, Inc. (U.S.), Hewlett Packard
Enterprises (HPE) (U.S.), Criterion Networks, Inc (U.S.), Huawei Technologies
Co., Ltd (China), Anuta Networks (U.S.), Brocade Communications System, Inc
(U.S.), Accedian Networks Inc. (Canada), F5 Networks, Inc (U.S.), Arista
Networks, Inc (U.S.), Ciena Corporation (U.S.), ALTEN Calsoft Labs (U.S.), ADVA
Optical Networking SE (Germany), Fortinet Inc. (U.S.), and others.
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