Pune, India -- (SBWIRE) -- 10/15/2018 -- Global Virtual CPE Market - Overview
Virtual customer premises equipment (vCPE) is a highly efficient way by which network services can be delivers. These services include routing, firewall security, and virtual private network connectivity and are offered through use of software as opposed to use of dedicated hardware devices offering flexibility, simplicity and accelerated rate of delivery. These factors work as strong drivers for the global vCPE market. In its recent report on the subject, Market Research Future projected an exceptional CAGR of 43% during the forecast period of 2016 to 2022. Additionally, MRFR has found in its market study that the global amrket is expected to reach an estimated evaluation of USD 3 Bn by the end of 2022.
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The increasing need of mobility of IT services, increasing demand for virtual networking infrastructure solutions & services and the robust demand for private cloud is expected to drive the global vCPE market during ther assessment period. Virtual customer premises equipement additionally offer enhanced networking infrastruction which can be accessed for anywhere. The growing adoption and demand for cloud-based applications has been feulled by the high demand for private clouds to optimize IT infrastructure in organizations, particularly amond end-use industries. However, due to its use in private sectors and in end use verticals such a the banking, financial services and insurance sector, security concerns are high and not properly met, leading to hinderance in market growth. Moreover, the lack of a skilled workforce and issues regarding reliability are further expected to challenge growth of the market. However, virtualzation of technology is leading the a greater exchance of information, and due to the emergence of this market, appropriatly skilled professionals are expected to enter the market in the coming years. R&D investments are expected to lead to development and advancements of the technology, thus strengthening the market and leading to opportunity for future expansion.
The major growth driver of Virtual CPE Market includes growing adoption of virtual CPE network infrastructure, growing adoption of internet technologies and growing need of enterprise mobility market among others.
Global Virtual CPE Market - Segmentation
The virtual CPE Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by deployment models: Comprises Classic CPE model and cloud hosted CPE model among others.
Segmentation by services: Comprises Routing, Security, VPN, NAT, WAN optimization and access control among others.
Segmentation by application: Comprises Enterprises (Small/Medium) and Residential among others.
Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.
Key Players:
Intel Corporation (U.S.), Qosmos Inc. (France), AT&T Inc. (U.S.), NEC Corporation (Japan), Orange business services (Netherlands), Verizon wireless (U.S.), Cisco systems Inc. (U.S.), Ericsson Inc. (Sweden), IBM corporation (U.S.), Dell Inc. (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Mobile Security Market.
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Industry News
Feb. 2017 - Mellanox Technologies, Ltd., a leading supplier of high-performance, end-to-end smart interconnect solutions for data center servers and storage systems, and ECI, a global provider of ELASTIC Network solutions, introduced an advanced virtual Customer Premises Equipment (vCPE) platform. The advanced platform delivers industry-leading performance and efficiency, readying global communication service providers for cost-effective Network Function Virtualization (NFV) deployment. The joint solution is based on ECI's Mercury NFVi platform and uCPE solution accelerated by Mellanox's powerful Indigo™ network processor which is capable of over 400Gb/s of L2-L7 advanced packet processing.
May. 2017 - Cloudify announced the launch of a new open virtual customer premises equipment (vCPE) to provide organizations and vendors with a framework to build custom vCPE to configure and on-board new virtual network functions (VNFs) quickly and at a low cost. The configuration framework, simplified VNF on-boarding, open, and multi-tenant service portal allows organizations to configure and deploy custom built network service chains.
Global Virtual CPE Market - Competitive Analysis
The Market of virtual CPE appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms. Prominent vendors of virtual CPE are targeting to invest more in technology and research and development activities to innovate their already existing products. The rising government funding is also expected to motivate key companies to invent new Mobile Security modules that match the changing trends and needs across the globe. These players possess state of art R&D labs and strong sales and distribution network which have helped them to gain leadership position in the market.
Global Virtual CPE Market - Regional Analysis
North America is expected to hold the largest market share and would dominate the V-CPE solutions and services market from 2016 to 2022. Owing to the presence of a large number of V-CPE service providers offering tailored solutions to multiple application areas. North America has been witnessing a high adoption of V-CPE on a large scale as it has been an early adopter of network virtualization technologies. Asia Pacific offers potential growth opportunities for the V-CPE market to grow, as countries in the region are investing heavily in the development of NFV and V-CPE technologies owing to growing adoption of software-defined technologies.
Intended Audience
Virtual Customer Premises Equipment Manufacturers
Distributors
Research firms
Consultancy firms
Software Developers
Vendors
Semiconductor Manufacturers
Stakeholders
End-user sectors
Technology Investors
TABLE OF CONTENTS
1 Market Introduction
1.1 Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Network Solution
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
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LIST OF TABLES
Table 1 Global Virtual Customer Premises Equipment Market, By Solutions
Table 2 Global Virtual Customer Premises Equipment Market, By Services
Table 3 Global Virtual Customer Premises Equipment Market, By End-Users
Continued…
LIST OF FIGURES
Figure 1 Research Services
Figure 2 Global Virtual Customer Service Premises Equipment Market, By Solutions (%)
Figure 3 Global Virtual Customer Service Premises Equipment Market, By Services (%)
Continued…
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