Virtual CPE Market 2020: Industry Growth by Forecast to 2023

Posted by Eshu Gupta on December 18th, 2020

Overview:

On the basis of service, the market is segmented into professional service and managed service. Out of professional service and managed service, the market is mainly dominated by professional services. These services include consulting, integration services, maintenance, and support services. The professional service segment is expected to continue dominance during the forecast period.

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On the basis of Solution, the market is segmented into security and compliance, virtual equipment solution, infrastructure management and others. On the basis of deployment, the market is segmented into classic CPE model and cloud-hosted CPE model.

On the basis of application, the market is segmented into the residential application and enterprise applications. Out of these, the enterprise segment is estimated to dominate the market. Additionally, within the enterprise segment, virtual CPE has shown tremendous usage in IT and Telecom, IT outsourcing industry. This growth is majorly seen as a part of digitization and automation. The world is now lesser dependent on human interaction. This digitization has led to huge amount of data collection which virtually tends to load the current network and thereby adoption of virtual CPE is needed. On the basis of region, the market is segmented into North America, Europe, Asia Pacific and rest of the world.

Segmentation:

On the basis of service, the market is segmented into professional service and managed service.

By solution, the market is segmented into security and compliance, virtual equipment solution, infrastructure management and others.

On the basis of deployment, the market is segmented into classic CPE model and cloud-hosted CPE model.

Regional Analysis:

The global virtual CPE market is estimated to grow with positive rate during the forecast period. The geographical analysis of virtual CPE market marks the study for regions like North America, Europe (including Russia), Asia Pacific (including Australia and New Zealand) and rest of the world (including the Middle East, Africa, and Southern America). Among the regions mentioned above and countries, the market was highly dominated by North America in 2016. This dominance was due to an established technological market establishment, especially in the United States. Also due to the higher adoption of virtual CPEs in enterprises contribute heavily towards the growth of this market in the United States and neighboring countries.

The virtual CPE market has also seen its application in residential areas. There are many developments being done in the technology and technologies related to it. Many enterprises including various start-ups have begun deploying CPE either classic way or adoption through the cloud and have also started making a partnership with service providers and prominent players. Also, the region holds more than 70% of the top prominent players providing services in this market. North America is closely followed by Europe region. Europe and North America are the technologically advanced regions, and the factor affecting the growth of this market is increasing deployment of advanced virtual CPE features. Asia-Pacific is expected to be the fastest growing region.

Key Players:

The prominent players in the market of virtual CPE 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.).

Other vendors 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 prominent players constantly keep innovating and investing in research and development to present a cost-effective portfolio. There have been recent mergers and acquisitions among the key players, where the business entities expect to strengthen their reach to their customers.

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