Market Analysis
The global virtual CPE market is predicted to touch USD 2600 million at a 27% CAGR over the forecast period (2016-2022), states the new Market Research Future (MRFR) report. Virtual CPE is a means to provide network services such as virtual private network connectivity, firewall security, and routing to enterprises with the help of software instead of dedicated hardware devices. Through virtual CPE, providers can help in simplifying as well as accelerating service delivery, configuring and managing devices remotely, thereby enabling customers in adjusting existing services or ordering new services on demand. It offers improved physical networking infrastructure that can be transformed to sharable virtual resources. Virtual CPE can be accessed from anywhere devoid of using much of the hardware. Enterprises are benefitting primarily from virtual CPE as this augments the delivery of network services, needs minimal maintenance and allows remote connectivity.
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Various factors are propelling the virtual CPE market growth. These factors, as specified by the Market Research Future (MRFR) report, include the growing adoption of virtual CPE network infrastructure, growing need of enterprise mobility market, growing adoption of internet technologies, growing need for mobility, varying traffic patterns, and rising complexity of networks.
On the contrary, the threat to data security, lack of technical expertise, and limited knowledge are factors that may hamper the virtual CPE market growth over the forecast period.
Key Players
Leading players profiled in the virtual CPE market report include Dell, Inc (US), International Business Machines, Corporation (US), Ericsson AB (Sweden), Cisco Systems, Inc (US), Verizon Wireless (US), Orange Business Services (The Netherlands), NEC Corporation (Japan), AT&T, Inc (US), Qosmos (France), and Intel Corporation (US). Along with the key players, the other players include Cloudify Platform Ltd (US), Cloudify Platform, ALTEN Calsoft Labs (US), Criterion Networks, Inc (US), F5 Networks, Inc (US), Anuta Networks (US), Fortinet Inc. (US), Accedian Networks Inc. (Canada), Lanner Electronics Incorporated (Taiwan), Ciena Corporation (US), RAD Data Communications (Israel), Huawei Technologies Co., Ltd (China), ADVA Optical Networking SE (Germany), Versa Networks, Inc. (US), Arista Networks, Inc (US), Brocade Communications System, Inc (US), Juniper Networks, Inc (US), and Hewlett Packard Enterprises (HPE) (US).
Industry Updates
April 2019: Leading IP network equipment provider Patton Electronics has released its vSN (virtual SmartNode) line of virtualized network function software CPE products. This will offer cloud-native software CPE products for download as well as deployment with bare-metal on premise hardware or universal CPE.
Market Segmentation
The Market Research Future report provides a wide segmental analysis of the virtual CPE market based on service, solution, deployment, and application.
Based on service, the virtual CPE market is segmented into managed and professional service. Of these, the professional service will have the largest share in the market over the forecast period. These services include support services, maintenance, integration services, and consulting.
Based on solution, the virtual CPE market is segmented into infrastructure management, virtual equipment solution, and security and compliance.
Based on deployment, the virtual CPE market is segmented into cloud-hosted CPE model and classic CPE model.
Based on application, the virtual CPE market is segmented into enterprise application and residential application. Of these, the enterprise application segment is predicted to have the maximum share in the market over the forecast period.
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Regional Analysis
Based on the region, the virtual CPE market report covers growth opportunities and the latest trends across the Asia Pacific (APAC), Europe, North America, and the Middle East and Africa. Of these, North America will spearhead the market over the forecast period. The US is the key contributor here, owing to an established technological market. Moreover, the higher adoption of virtual CPEs in enterprises is also contributing to the market growth.
The virtual CPE market in Europe will have the second-largest share in the market over the forecast period. This is owing to the growing deployment of advanced virtual CPE features.
The virtual CPE market in the APAC region is predicted to grow at the fastest pace over the forecast period. This is owing to the growing adoption of virtual CPE solutions here due to the increasing need for cloud-based and enterprise mobility solutions and rapid expansion of enterprises.
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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.
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/1597Market SegmentationThe 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.
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).
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.
According to a new research report “Virtual Customer Premises Equipment (V-CPE) Market by Component (Solutions/Tools & Services), Service Model (IAAS, PAAS & SAAS), Application Area (Enterprises and Data Center & Telecom Services), Organization Size, and Region — Global Forecast to 2021”, published by MarketsandMarkets, the V-CPE Market size is estimated to grow from USD 486.5 Million in 2016 to USD 2,818.8 Million by 2021, at a Compound Annual Growth Rate (CAGR) of 42.1%.Ask for Report Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=61552188The major forces driving this market are the growing demand for virtual or cloud-based solutions, benefits of cost optimization in maintaining the hardware, and rising need for mobility.
The high demand for private clouds among enterprises is promoting cloud-based applications that help boost the adoption of V-CPE solutions in the networking market.Data centers and telecom service providers segment is expected to grow at the highest CAGR in the V-CPE market during the forecast periodV-CPE solutions and services with regards to application areas allow the data centers and enterprises to deploy business applications quickly on the customer premises.
The data generated by telecom companies, which is stored and retrieved from data centers, is huge.
With the use of V-CPE solutions, telecom companies can easily transfer their business functions from one geographic location to another.Professional services segment is expected to hold the largest market share in the V-CPE market and the current trend is expected to continue during the forecast periodProfessional services include marketing, training & consulting, advertising, and policy & governance services.
The adoption of network virtualization among enterprises has increased the demand for Network Function Virtualization (NFV) technology, which ultimately increases the demand for V-CPE infrastructure.Request Sample Pages of this report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=61552188North America is expected to contribute the largest market share; Asia-Pacific (APAC) to grow at the highest rateNorth America is expected to hold the largest market share and would dominate the V-CPE solutions and services market from 2016 to 2021, owing to the presence of a large number of V-CPE service providers offering tailored solutions to multiple application areas.
APAC offers potential growth opportunities for the V-CPE market to grow, as countries in the region are investing heavily in the development of NFV and V-CPE technologies owing to growing adoption of software-defined technologies.The major vendors in the V-CPE market include Cisco Systems, Inc., Hewlett Packard Enterprises (HPE), Juniper Networks, Inc., Brocade Communications Systems Inc., and IBM Corporation.About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
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