The North America Virtual Customer Premises Equipment (vCPE) Market would witness market growth of 37.3% CAGR during the forecast period (2022-2028).
The intelligence of these devices is abstracted into a software-based capability that is housed in a distant data center by vCPE, also known as cloud CPE. Simple, affordable, on-site hardware supports the software. For convenience and financial efficiency, this approach also enables the consolidation of specialized, individual devices into a single general-purpose box. According to some studies, vCPE is one of the main forces behind the deployment of network services virtualization due to its potential to streamline operations, lower Capex and Opex, and hasten service delivery.
To network, devices are often deployed in stacks at each location. Specialized personnel are needed to configure, equip, and maintain these appliances, and they are typically expected to be present on-site to carry out these duties. Not only the cost of buying the gadgets but also the cost of support and upkeep can add up. Large equipment stacks can be intrusive and take up a lot of room at branch offices, which typically have limited physical space. These enormous stacks are destroyed by vCPE, which instead integrates the many network services into a cloud-based paradigm.
This act may also serve as a model for states, municipalities, and other local governments as they work with the federal government to safeguard their critical infrastructure. The security and safety of Canadian Canadians will always come first, and the government will take whatever steps are necessary to secure the communications network. The changes implemented by the government would ensure that Canadians could continue to benefit from top-notch and secure telecom services while also improving the networks' long-term security.
The US market dominated the North America Virtual Customer Premises Equipment (vCPE) Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5,149.8 million by 2028. The Canada market is poised to grow a CAGR of 40.4% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 39.1% during (2022 - 2028).
Based on Vertical, the market is segmented into Data Centers & Telecom Service Providers, BFSI, Government & Defense, IT, Manufacturing, Healthcare & Life Sciences, and Others. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Component, the market is segmented into Solutions/Tools (Security & Compliance, Application & Controller Platform, Virtual Routers, Virtual Switches, and Infrastructure Management & Orchestration) and Service. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Virtual Customer Premises Equipment (vCPE) Market is Estimated to reach $19 Billion by 2028, at a CAGR of 37.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., Hewlett Packard Enterprise Company, Juniper Networks, Inc., IBM Corporation, Dell Corporation, Ericsson AB, NEC Corporation, Intel Corporation, Huawei Technologies Co. Ltd., and Verizon Communications, Inc.
By Vertical
By Organization Size
By Deployment Type
By Component
By Country
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