Virtual Customer Premises Equipment Industry Growth Prospects, Solutions

Posted by Sakshi Mishra on March 26th, 2021

Market Overview:

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

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.

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Global Virtual CPE Market, USD Million

Source: MRFR Analysis

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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