Virtual Customer Premises Equipment Market is Expected to Reach USD 3 Billion by the end of 2022
Research Reports
Jan 11, 2021
Market Dynamics
Growing mobility needs, rising demand for virtual networking infrastructure solutions, and services, along with varying traffic patterns, are some of the main drivers for the growth of the V-CPE industry. Virtual Customer Premises Equipment also offers improved physical networking infrastructure that can be transmuted into sharable virtual resources. These can also be obtained from anywhere without using a lot of networking hardware. Moreover, the high demand for private clouds among businesses to support cloud-based applications is accelerating the growth of the market for virtual customer premises equipment.
However, the growing demand for security concerns about virtual architecture, the issues of reliability, and the lack of a qualified workforce impede the market’s growth for virtual customer premises equipment.
Moreover, the virtualization of technology is expected to lead to the exchange of information, group discussions, and online programs that will drive the demand over the forecast period.
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Regional Analysis
Region-wise, the global virtual customer premises equipment market 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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