ID: MRFR/ICT/1769-HCR | February 2021 | Region: Global | 100 pages
The virtual customer premises equipment market is functioning for the simplification of the network, along with its administration, by moving into a network that can possibly be well-handled by any commodity server that is under the network operator’s control. The network operation can be flexible, and can thus, result in providing a lot of benefits to the target audience adopting its new services. Use of the v-CPE on a large scale by the network providers can lead to simplification, as well as, the acceleration in the delivery of service, and also lead to configuration, as well as, device management, from remote locations.
The network operators are now eligible to make use of the virtualized IP functions for the subscribers, as well as, for service management. They can also make use of the virtualized network address translation (NAT), firewall services, as well as, the dynamic host control protocol (DHCP). Owing to the virtual customer premises equipment market adoption on a large scale, the market is expected to grow at a 35.2% CAGR, and hold a market valuation of USD 3,818.8 Million , by the end of the global forecast to 2030.
COVID 19 Analysis
With the speed and scale at which the coronavirus is spreading, the industries, along with the key market players are viewing their challenges, and taking steps for growth and expansion, similarly. The fast spread of the COVID 19 pandemic has led to an upending of the salesforces evident among different sectors across the world. The spread of the pandemic has brought about a considerable change in the priority for the buyers. The new dynamics of virtual selling are now powered and the leaders in the sales field are adapting to emerging technologies for achieving their targets.
The latest innovation is expected to make the market smarter, and better in the competition if the short-term goals are to be considered. The virtual customer premises equipment market application is viewing more opportunities rather than constraints with a motive of faster and creative opportunities during the unprecedented times and uncertainty related to the pandemic.
Virtual Customer Premises Equipment Market Dynamics
The virtual customer premises equipment market analysis shows that the market is developing a rising need for mobility, and there is an increased quantum of demand for virtual solutions and services, in the area of networking. There is an emergence of the varying traffic demands, and all these factors are accelerating the demand for the market by the end of the global forecast to 2022.
The virtual customer premises equipment market forecast predicts that the growing demand of the market might lead to the emergence of security concerns for virtual architecture. Also, there are reliability issues, as well as, a need for hiring a skilled and experienced workforce. These are major restraints for the growth of the market in the future period ending in 2022.
Virtual Customer Premises Equipment Market Cumulative Growth Analysis
The virtual customer premises equipment market trends extend the provision of the physical network structure that can be transformed into virtual resources that are sharable in nature. These resources can be accessed from any remote location with the help of networking hardware. Also, there is an increasing demand for the need of private clouds amongst different enterprises that are promoting to shift to these applications. All these factors are accounting for the global growth of the virtual customer premises equipment market growth at a 435 CAGR by the end of the future forecast of 2022.
Virtual Customer Premises Equipment Market Technology Analysis
The network providers are ready to accelerate, as well as, simplify the delivery of the virtual customer premises and also play a major role in configuration, and the management of the devices from remote locations. There is the virtualization of the prevailing technology that is playing a good role in helping the information to get exchanges, conduct group discussions, as well as, the online programs based on the service lane. This technology is expected to render great growth results, by the end of the future forecast year.
Virtual Customer Premises Equipment Market Segment Overview
The global virtual customer premises equipment market forecast picturizes that the market has been segmented based on services and solutions, geographical regions, and the end-users.
Solutions and services
The market segment of solutions includes the virtual switches and routers, security and compliances, controllers, application platforms, orchestrations, as well as, infrastructural management. Services include both managed, as well as, professional services. The professional services had the largest market share during the historic period owing to the adoption of network virtualization among the different companies. The demand for the NFV technologies helped to increased the market demand and adoption of the v-CPE infrastructures.
The market includes the healthcare sector, retail, and e-commerce market, as well as, BFSI, along with the others.
Virtual Customer Premises Equipment Market Regional Analysis
Owing to the geographical market of the global virtual customer premises equipment market report predicts that the North American market accounts for the largest share in the market by the end of the global forecast of 2022. The US region has an emerging presence concerning large-sized service providers and is opting to offer solutions that are customized to a huge variety of the end-users in the market.
The Asian Pacific region is also expected to grow during the global forecast period of 2016-2022. Countries like China, as well as, Japan, are increasing their investment quantum for the development of technologies like v-CPE, and NFV. These technologies are pushing companies to adopt these software-defined technologies and, register a 43% CAGR growth by the end of the forecast period of 2016-2022. The market valuation is expected to reach USD 3 billion.
Competitive Landscape of the Virtual Customer Premises Equipment Market
There is an emergence of the strategic profiling of the companies in the emerging market. The key players are not only analyzing their functions, and supply chain management, along drawing a competitive landscape of the virtual customer premises equipment market. The companies include:
The Virtual Customer Premises Equipment Market analysis depicts that the competitive developments are opting for joint ventures, mergers, as well as, acquisitions. The companies are opting for strategic alliances for the development of new products and portfolios. The companies are investing greatly in the research and developments to improve the supply chain management for their target audience. The market’s competitive landscape is witnessing the core competencies and drawing opportunities in challenging times, as well.
Virtual Customer Premises Equipment Market Recent Developments
Virtual Customer Premises Equipment Market Report Overview
The research report brings forward a concise analysis of the market insights, along with the impact of the market growth, by the end of the global forecast period of 2016-2022. The market aims to provide a geographical location analysis that revolves around the market size, and its growth, from the perspective of the future. The report brings forward the details that are related to the market structure, and segment. Four main geographical locations are mentioned in the report, along with their contribution to the solutions and services, and the end-users, as well. The core market competencies are discussed concerning the growth expectation of the global virtual market.
Frequently Asked Questions (FAQ) :
The market will be growing during the forecast period of 2021-2030.
The factors of rising demand for security concerns for virtual architecture, the reliability issues, and the lack of skilled workforce are the factors hindering the virtual customer premises equipment market growth.
The virtualization of technology, as well as online programs, are going to drive the market over the forecast period.
It is the North-America region that accounts for the largest market share in the global virtual customer premises equipment market.
Asia-Pacific region will be growing at a fast pace during the forecast period 2021-2030