Virtual Customer Premises Equipment (vCPE) Market Trends and Forecast
The future of the virtual customer premises equipment (vCPE) market looks promising with opportunities in the data centers, telecom service providers, BFSI, IT, healthcare, government and public sector, and manufacturing sectors. The global virtual customer premises equipment (vCPE) market is expected to grow with a CAGR of 19% to 21% from 2023 to 2028. The major drivers for this market are adoption of network virtualization among enterprises, rising need for mobility of IT services, and growing demand for virtual networking infrastructure solutions & services.
Emerging Trends in the Virtual Customer Premises Equipment (vCPE) Market
Emerging trends, which have a direct impact on the dynamics of the industry, include reduction of hardware dependency and increasing usage of NFV & SDN
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Virtual Customer Premises Equipment (vCPE) Market by Segment
The study includes a forecast for the global virtual customer premises equipment (vCPE) market by component, deployment type, solutions/tools, application, and region, as follows:
Virtual Customer Premises Equipment (vCPE) Market by Component [Value ($B) Shipment Analysis from 2017 to 2028]:
Virtual Customer Premises Equipment (vCPE) Market by Deployment Type [Value ($B) Shipment Analysis from 2017 to 2028]:
Virtual Customer Premises Equipment (vCPE) Market by Solutions/tools [Value ($B) Shipment Analysis from 2017 to 2028]:
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Virtual Switches
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Virtual Routers
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Application and Controller Platform
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Security and Compliance
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Infrastructure Management and Orchestration
Virtual Customer Premises Equipment (vCPE) Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
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Data Centers and Telecom Service Providers
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Enterprises
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BFSI
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IT
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Healthcare
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Government and Public Sector
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Manufacturing
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Others
Virtual Customer Premises Equipment (vCPE) Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
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North America
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Europe
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Asia Pacific
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The Rest of the World
List of Virtual Customer Premises Equipment (vCPE) Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies virtual customer premises equipment (vCPE) companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the virtual customer premises equipment (vCPE) companies profiled in this report include.
Virtual Customer Premises Equipment (vCPE) Market Insights
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Lucintel forecasts that on-premises will remain the fastest growing segment over the forecast period as it helps control and maintain systems on the network, ensures one-time investments, installation is one-time costs, and customers can get complete ownership of the infrastructure with one-time investments.
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Within this market, data centers and telecom service providers are expected to remain the larger segment due to the data generated by telecom companies, which is stored and retrieved from data centers is huge. With the help of V-CPE solutions, telecom companies can easily transfer their business functions from one geographic location to another.
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North America will remain the largest region due to the increased usage of NFV and SDN among data centers and telecom companies, well-established economies, advanced technology, and rising demand for cloud access & services by communications service providers from their enterprise customers.
Features of the Virtual Customer Premises Equipment (vCPE) Market
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Market Size Estimates: Virtual Customer Premises Equipment (vCPE) market size estimation in terms of value ($B)
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Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
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Segmentation Analysis: Virtual Customer Premises Equipment (vCPE) market size by various segments, such as by component, deployment type, solutions/tools, application, and region.
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Regional Analysis: Virtual Customer Premises Equipment (vCPE) market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
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Growth Opportunities: Analysis on growth opportunities in different by component, deployment type, solutions/tools, application, and regions for the virtual customer premises equipment (vCPE) market.
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Strategic Analysis: This includes M&A, new product development, and competitive landscape for the virtual customer premises equipment (vCPE) market.
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Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the virtual customer premises equipment (vCPE) market size?
Answer: The global virtual customer premises equipment (vCPE) market is expected to reach an estimated $xx billion by 2028.
Q2. What is the growth forecast for virtual customer premises equipment (vCPE) market?
Answer: The global virtual customer premises equipment (vCPE) market is expected to grow with a CAGR of 19% to 21% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the virtual customer premises equipment (vCPE) market?
Answer: The major drivers for this market are adoption of network virtualization among enterprises, rising need for mobility of IT services, and growing demand for virtual networking infrastructure solutions & services.
Q4. What are the major segments for virtual customer premises equipment (vCPE) market?
Answer: The future of the virtual customer premises equipment (vCPE) market looks promising with opportunities in the data centers, telecom service providers, BFSI, IT, healthcare, government and public sector, and manufacturing sectors.
Q5. What are the emerging trends in virtual customer premises equipment (vCPE) market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include reduction of hardware dependency and increasing usage of NFV & SDN.
Q6. Who is the key virtual customer premises equipment (vCPE) companies?
Answer: Some of the key virtual customer premises equipment (vCPE) companies are as follows:
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Arista Networks
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Brocade Communications Systems
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Cisco System
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Dell
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Ericsson
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Hewlett Packard Enterprises
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International Business Machines (IBM) Corporation
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Juniper Networks
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NEC Corporation
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Versa Networks
Q7. Which virtual customer premises equipment (vCPE) segment will be the largest in future?
Answer: Lucintel forecasts that on-premises will remain the fastest growing segment over the forecast period as it helps control and maintain systems on the network, ensures one-time investments, installation is one-time costs, and customers can get complete ownership of the infrastructure with one-time investments.
Q8. In virtual customer premises equipment (vCPE) market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region due to the increased usage of NFV and SDN among data centers and telecom companies, well-established economies, advanced technology, and rising demand for cloud access & services by communications service providers from their enterprise customers.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions
Q.1. What are some of the most promising, high-growth opportunities for the virtual customer premises equipment (vCPE) market by component (solutions/tools, and services), deployment type (on-premises and cloud), solutions/tools (virtual switches, virtual routers, application and controller platform, security and compliance, and infrastructure management and orchestration), application (data centers and telecom service providers and enterprises), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to virtual customer premises equipment market or related to virtual customer premises equipment companies, virtual customer premises equipment market size, virtual customer premises equipment market share, virtual customer premises equipment analysis, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.