Market Highlights

The worldwide Virtual Customer Premises Equipment Market Trends will contact USD 2600 million and at a 27% CAGR in the conjecture time frame (2020-2027), states the most recent Market Research Future (MRFR) report.

Drivers

Developing Need in Virtual Networking Infrastructure to Boost Market Growth

The developing need in virtual systems administration framework for arrangements and administrations will support market development over the conjecture time frame. Virtual hardware for client's premises offers upgraded organizing framework, accessible anyplace. vCPE is embraced by organizations as this necessities the client in having insignificant equipment.

Potential open doors

Expanding Need for Mobility to offer Robust Opportunities

The expanding need for portability will offer powerful open doors for the market over the figure time frame. V-CPE offers worked on physical systems administration foundation which can be changed into sharable virtual assets and got to from just anyplace sans any systems administration equipment. Virtual CPE arrangements benefit telecom organizations as they help in working with the exchange of information in the midst of various business work. This attracts telecom suppliers utilizing V-CPE arrangements that lift market development.

Limitations

High Initial Investment to go about as Market Restraint

The high starting expense connected with virtual CPE arrangements alongside unwavering quality and security concerns related with virtual design can go about as a market limitation over the conjecture time frame. High starting virtual client hardware speculation makes the innovation unreasonably expensive for most ventures hence obstructing market development. Furthermore, the COVID-19 effect may likewise affect market development.

Challenges

Absence of Skilled Workforce to go about as Market Challenge

The absence of gifted labor force combined with restricted information among end client might go about as market challenge over the figure time frame.

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Segmentation:

The global virtual CPE market is segmented based on service, solution, deployment, and application.

By service, the professional service segment which includes support services, maintenance, integration services, and consulting will lead the market over the forecast period.

By solution, the global virtual CPE market is segmented into infrastructure management, virtual equipment solution, security and compliance, and others.

By deployment, the global virtual CPE market is segmented into cloud-hosted CPE model and CPE model.

By application, the enterprise segment will dominate the market over the forecast period.

Regional Analysis

North America to Sway Virtual CPE Market

North America will sway the virtual CPE market over the forecast period. Increased use of SDN and NFV among data centers and telecom companies, advanced technology, and the presence of well-established economies, is adding to the global virtual CPE market growth in the region.

Key Players

Eminent players profiled in the global virtual CPE market report include Intel Corporation (U.S.), Qosmos (France), AT&T, Inc (U.S.), NEC Corporation (Japan), Orange Business Services (The Netherlands), Verizon Wireless (U.S.), Cisco Systems, Inc (U.S.), Ericsson AB (Sweden), International Business Machines, Corporation (U.S.), Dell, Inc (U.S.). The other players include Hewlett Packard Enterprises (HPE) (U.S.), Juniper Networks, Inc (U.S.), Brocade Communications System, Inc (U.S.), Arista Networks, Inc (U.S.), Versa Networks, Inc. (U.S.), ADVA Optical Networking SE (Germany), Huawei Technologies Co., Ltd (China), RAD Data Communications (Israel), Ciena Corporation (U.S.), Lanner Electronics Incorporated. (Taiwan), Accedian Networks Inc. (Canada), Fortinet Inc. (U.S.), Anuta Networks (U.S.), F5 Networks, Inc (U.S.), Criterion Networks, Inc (U.S.), ALTEN Calsoft Labs (U.S.), Cloudify Platform Ltd (U.S.) among others.

The virtual CPE market is fragmented and also competitive for the presence of different international & domestic key players. These players have incorporated innovative strategies to remain at the vanguard and also suffice the burgeoning demand of the customers including collaborations, contracts, partnerships, joint ventures, geographic expansions, & new product launches and more.

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Virtual Customer Premises Equipment Market Trends by Solutions (Virtual Switches, Virtual Routers, Security and Compliance), by Service (Professional, Managed) and End-Users (BFSI, Healthcare, Manufacturing, Government, Telecommunications and IT) - Forecast to 2027

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