Market Highlights
As per Market Research Future (MRFR), the global virtual customer premises equipment market forecast is relied upon to arrive at USD 3 billion with 43% CAGR from 2016 to 2022 (forecast period). The report incorporates a COVID-19 investigation of the global virtual customer premises equipment market forecast. It gives an expansive audit of market fragments, late turns of events, development, market forecasts, and difficulties for breaking down current learning experiences.
Virtual Customer Premises Equipment is to work on the organization and its organization by moving from home or business to the organization, where it tends to be worked by a product server heavily influenced by an organization administrator. As an adaptable organization administrator, it can limit costs, dynamically convey network capacities, and deal dexterous new help. Through utilizing V-CPE, network suppliers can rearrange and accelerate administration conveyance and furthermore design and oversee gadgets from a distance. For example, involving these equipment's organization administrators can virtualize IP capacities for supporter and administration the board, Dynamic Host Control Protocol (DHCP), virtualize Network Address Translation (NAT), or firewall administrations.
Market Dynamics
Developing versatility needs, rising interest for virtual systems administration framework arrangements, and administrations, alongside differing traffic designs, are a portion of the primary drivers for the development of the V-CPE industry. Virtual Customer Premises Equipment additionally offers worked on physical systems administration framework that can be changed into sharable virtual assets. These can likewise be gotten from anyplace without utilizing a great deal of systems administration equipment. Also, the popularity for private mists among organizations to help cloud-based applications is speeding up the development of the market for virtual customer premises equipment.
Notwithstanding, the developing interest for security worries about virtual design, the issues of dependability, and the absence of a certified labor force hinder the market's development for virtual customer premises equipment.
Besides, the virtualization of innovation is relied upon to prompt the trading of data, bunch conversations, and online projects that will drive the interest over the forecast period.
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Segmentation:
The global market for virtual customer premises equipment has been segmented on the basis of solutions, services, and end-users.
On the basis of solutions, the global virtual customer premises equipment market has been segmented into virtual switches, controller & application platform, virtual routers, security, compliance, orchestration, infrastructure management, and others.
On the basis of services, the global virtual customer premises equipment market has been segmented into managed and professional.
On the basis of end-users, the global virtual customer premises equipment market forecast has been segmented into BFSI, healthcare, retail & e-commerce, among others.
On the basis of services, the global virtual customer premises equipment market has been segmented into managed and professional. Out of these, professional held the largest market share majorly due to the adoption of network virtualization among enterprises that has raised the demand for network function virtualization (NFV) technology, which helps to increase the demand for V-CPE infrastructure.
Regional Analysis
Region-wise, the global virtual customer premises equipment market forecast has been segmented into North America, Europe, Asia Pacific, and RoW.
North America held the most substantial market share in the global market for virtual customer premises equipment, while the Asia Pacific is projected to rise steadily over the 2016-2022 forecast period.
North America held the largest market share, especially in countries such as the United States, primarily due to the existence of a vast number of V-CPE service providers offering customized solutions to multiple end-users.
The Asia Pacific region is projected to grow over the forecast period 2016-2022, particularly in countries like China and Japan, mainly due to massive investment in the development of NFV and V-CPE technologies with the increasing adoption of software-defined technologies.
Key Players
The key players in the global virtual customer premises equipment market include Hewlett Packard Enterprise (U.S.), VMWare Inc. (U.S.), ALTEN Calsoft Labs (U.S.), IBM Corporation (U.S.), NEC Corporation (Japan), Juniper Networks Inc. (U.S.), Versa Networks (U.S.), Cisco Systems Inc. (U.S.), Ericsson Inc (Sweden), Telco Systems (U.S.) and others.
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Virtual Customer Premises Equipment Market 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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