The virtual CPE market is predicted to touch USD 21.73 billion at a whopping 31.47% CAGR between 2020- 2030, states the recent Market Research Future (MRFR) analysis. Virtual CPE, simply put, is an alternative means to deliver subscribers with broadband services where a major part of the CPE function is pulled into the network of the operator and located adjacent the service edge.
Various factors are adding to the virtual customer premises equipment (vCPE) market share. 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.
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The 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. The professional service is again segmented into maintenance, consulting, support services, and integration services. Among these, professional services will spearhead the market over the forecast period.
By solution, the market is split into virtual equipment solutions, security, and compliance, infrastructure management, & others.
By deployment, the market is split into a cloud-hosted CPE model & CPE model.
By application, the market is split into enterprise applications & residential applications. Among these, the enterprise segment will have lions share in the market over the forecast period.
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). Of these, North America will dominate the market over the forecast period. 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. Besides, higher adoption in enterprises and the established technological market is also adding market growth. The US holds the utmost share in the market.
In Europe, the virtual CPE market will hold the second-largest market share during the forecast period. Increasing use of latest virtual CPE features is adding to the global virtual CPE market growth in the region.
In the Asia Pacific region, the virtual CPE market is likely to develop at the highest CAGR over the forecast period. The growing need for cloud-based solutions and enterprise mobility, coupled with the rapid expansion of enterprises, is adding to the global virtual CPE market growth in the region.
In the RoW, the virtual CPE market is projected to have sound growth over the forecast period.
Leading contenders profiled in the global virtual CPE market report;
- 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.).
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