Global Virtual Customer Premises Equipment (vCPE) Market 2019-2023

The global virtual customer premises equipment (vCPE) market size will grow by USD 3.56 billion during 2019-2023. This report offers an analysis of the market based on end-users (telecommunication, banking and financial services, retail, education, and others). The virtual customer premises equipment vCPE market research report further presents an in-depth insight on the growth prospects of the market across APAC, Europe, MEA, North America, and South America. The report analyzes the market’s competitive landscape and offers information on several companies including ADVA Optical Networking, AT&T, BATM, Cisco Systems, Inc., and RAD.

Below are some of the key findings from this virtual customer premises equipment (vCPE) market analysis report

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Global vCPE industry overview

Benefits such as the reduction in the total cost of ownership (TCO) is one of the critical reasons that will drive virtual customer premises equipment vCPE market growth. Service providers have the need to invest heavily in proprietary networking equipment such as WAN optimizers, switches, and routers, to build infrastructure. Moreover, these devices could not work with external systems. Such drawbacks can be overcome by vCPE that uses low-cost white box server to run and virtualize network functions such as switching, VPN, routing, and firewall security. vCPE is designed to be compatible with other open-source software and external systems such as OPNFV. This minimizes the time taken to resolve complex proprietary issues, which in turn, reduces hardware maintenance cost.

Additionally, the increasing implementation of uCPE hardware by service providers will also drive the growth of the global vCPE market. uCPE is an improved version of vCPE in which the virtualization can be established even at a remote location. The adoption of uCPE hardware is increasing among major service providers and end customers because it helps in lowering the networking hardware costs. As it enables telecom service providers and network integrators to launch 5G network services, service providers are using uCPE solutions as one of the major expansion strategies. As a result of such factors, the virtual customer premises equipment vCPE market will register a CAGR of almost 45% during the forecast period.

Top vCPE companies covered in this market research report

The vCPE market is moderately concentrated. By offering a complete analysis of the market’s competitive landscape and with information on the companies, this vCPE industry analysis report will help clients identify new growth opportunities and design strategies to make the most of the increasing virtual customer premises equipment vCPE market size.

The report offers a complete analysis of various companies including:

• ADVA Optical Networking
• AT&T
• BATM
• Cisco Systems, Inc.
• RAD

vCPE market segmentation based on geographic regions

• APAC
• Europe
• MEA
• North America
• South America

North America will account for the largest vCPE market share throughout the forecast period. The growing demand for vCPE resulting from the adoption of cloud computing, 5G, and SD-WAN and infrastructure-as-a-service is one of the major reasons for the high growth of the virtual customer premises equipment vCPE market in this region.

vCPE market segmentation based on end-users

• Telecommunication
• Banking and financial services
• Retail
• Education
• Others

vCPE benefits telecom service providers by minimizing operational costs and simplifying operations through remote management capabilities. Moreover, it allows customers to modify the existing services or order new ones on demand. The telecommunication sector will account for the largest virtual customer premises equipment vCPE market share throughout the forecast period.

Key highlights of the global vCPE market for the forecast years 2019-2023

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the virtual customer premises equipment vCPE market during the next five years
• Precise estimation of the global vCPE market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the vCPE industry across various geographies such as APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on factors that will challenge the growth of vCPE companies 

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