Virtual Customer Premises Equipment (VCPE) Market - the Rising Need for Mobility of IT Services Drives Demand
Virtual Customer Premises Equipment (vCPE) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027
Albany, NY -- (SBWire) -- 05/13/2019 --Virtual customer premises equipment (vCPE) offers network functions such as routing, security, VPN (virtual private network), NAT (network address translation), access control, etc.
The driving factor for the virtual customer premises equipment (vCPE) market is the rising need for mobility of IT services and growing demand for virtual networking infrastructure solutions & services. Virtual customer premises equipment offers enhanced networking infrastructure, which can be accessed anywhere. Enterprises are adopting virtual customer premises equipment (vCPE) as it hardware requires minimal hardware to the customer. This lowers the capital expenditure of the company. Additionally, with virtual customer premises equipment (vCPE), support and maintenance are provided with software, which increases efficiency. However, the lack of skilled workforce hampers market growth.
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The global virtual customer premises equipment (vCPE) market can be segmented based on solution, service model, enterprise size, industry vertical, and region. The virtual customer premises equipment (vCPE) market can be categorized in terms of solution into hardware, software/tools, and services. Software/tools can be fragmented into cloud and on-premise. The services solution can be categorized into professional and managed services. The professional services solution can be classified into installation & integration, support & maintenance, and consulting & training. Based on service model, the virtual customer premises equipment (vCPE) market can be categorized into Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). In terms of enterprise size, the virtual customer premises equipment (vCPE) market can be segmented into small-medium enterprises (SMEs) and large enterprises.
Key companies operating in the global virtual customer premises equipment (vCPE) market are Anuta Networks, Juniper Networks, Inc., NEC Corporation, Netcracker Technology, Spirent Corporation, F5 Networks, Inc., ClearPath, Ericsson Inc., IBM Corporation, Intel Corporation, FairPoint Communications, Hewlett Packard Enterprises (HPE), and others.
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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
Large enterprise segment dominates the market and it is expected to continue its dominance over the forecast period. Based on industry vertical, the virtual customer premises equipment (vCPE) market can be segmented into BFSI, IT and telecom, data centers, manufacturing, retail, government, healthcare, media and entertainment, utilities, hospitality, transportation and warehousing, real estate & construction, education, defense and aviation, consumer goods, and others (legal, etc.). IT and telecom and data center industry segments are expected to see rapid growth during the forecast period. The education industry is projected to create significant incremental opportunity as virtualization technology offers several benefits such as online programs, group discussions, and information exchange.
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