Published Date: 31-Aug-2022
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According to a new report, published by KBV research, The Global Virtual Customer Premises Equipment (vCPE) Market size is expected to reach $19 billion by 2028, rising at a market growth of 37.9% CAGR during the forecast period.
The BFSI segment is showcasing a CAGR of 37.4% during (2022 - 2028). Due to the number of sensitive data they handle and the size of their cash holdings, BFSI companies appear to be a target for cyberattacks. The sector has embraced a few notable trends and is currently developing fresh remedies to allay any worries. Risks in the Financial Services Sector are Increasing (BFSI).
The Large Enterprises segment acquired maximum revenue share in the Global Virtual Customer Premises Equipment (vCPE) Market by Organization Size in 2021 thereby, achieving a market value of $13.5 billion by 2028. The large enterprise vCPE solution offers a tempting possibility. For large businesses, the impact of vE-CPE installation in the cloud translates to larger savings. Large firms are those that have more than 1,000 employees.
The Cloud segment has shown the growth rate of 40% during (2022 - 2028). The vCPE market uses a cloud-native virtualized network architecture. Customers can successfully migrate their enterprises to the cloud or keep them there for effective and continuous service capabilities with the aid of cloud-based technologies. The entire communications industry will surely undergo a digital revolution faster if various cloud-based and 5G on-demand slicing technologies are used.
The Solutions/Tools segment is generating highest revenue share the Global Virtual Customer Premises Equipment (vCPE) Market by Component in 2021 achieving a market value of $12.2 billion by 2028. To manage, upgrade, and optimize the complete network infrastructure, virtual CPE vendors offer vCPE solutions. The most popular network management solutions include network configuration, log and event management, cloud, virtual, and SDN monitoring, network performance and monitoring, and others.
The North America market dominated the Global Virtual Customer Premises Equipment (vCPE) Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $7.1 billion by 2028. The Europe market is exhibiting a CAGR of 37.3% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 38.6% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Organization Size
By Deployment Type
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