Virtual CPE Market Eyeing Remarkable Growth due to Growing Need in Virtual Networking Infrastructure
Research Reports
Dec 07, 2021
Market Analysis
The global virtual CPE market will touch USD 2600 million and at a 27?GR in the forecast period (2021- 2027), states the latest Market Research Future (MRFR) report.
Drivers
Growing Need in Virtual Networking Infrastructure to Boost Market Growth
The growing need in virtual networking infrastructure for solutions and services will boost market growth over the forecast period. Virtual equipment for customer’s premises offers enhanced networking infrastructure, available anywhere. vCPE is adopted by companies as this needs the customer in having minimal hardware.
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/1597
Opportunities
Increasing Need for Mobility to offer Robust Opportunities
The increasing need for mobility will offer robust opportunities for the market over the forecast period. V-CPE offers improved physical networking infrastructure which can be transformed into sharable virtual resources and accessed from just anywhere sans any networking hardware. Virtual CPE solutions benefit telecom companies as they help in facilitating the transfer of data amid different business function. This draws telecom providers in using V-CPE solutions that boost market growth.
Restraints
High Initial Investment to act as Market Restraint
The high initial cost related to virtual CPE solutions along with reliability and security concerns associated with virtual architecture can act as a market restraint over the forecast period. High initial virtual customer equipment investment makes the technology unaffordable for most enterprises thus impeding market growth. Besides, the COVID-19 impact may also impact market growth.
Challenges
Lack of Skilled Workforce to act as Market Challenge
The lack of skilled workforce coupled with limited knowledge among end user may act as market challenge over the forecast period.
Market 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.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/virtual-cpe-market-1597
About Market Research Future:
Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.
The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research.
Tags:
Menafn, PR-Wirein, Wire, Research Newswire, English