Market Analysis
The global virtual CPE market will touch USD 2600 million and at a 27% CAGR in the forecast period (2020- 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.
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.
Click Here to Get Sample Premium Report @ https://www.marketresearchfuture.com/sample_request/1597
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.
Regional Analysis
North America to Sway Virtual CPE Market
North America will sway the virtual CPE market trends 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.
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.
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.
Access Complete Report @ https://www.marketresearchfuture.com/reports/virtual-cpe-market-1597
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
