Virtual Customer Premises Equipment (vCPE) Market 2023-2030 By offerings (Solutions (Virtual Switches, Virtual Routers, Infrastructure Management and Orchestration, and Security and Compliance), and Services (Professional Services, and Managed Services), by Deployment mode (Cloud-based, On-premises), by Organization Size (SMEs, Large Enterprises) by end-use verticals (BFSI, IT, Healthcare, Government and Public Sector, Manufacturing, and Others) - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits

Industry : Information Technology | Pages : 179 Pages | Published On : Dec 2023

         
     

The Virtual Customer Premises Equipment (vCPE) Market size is estimated to grow from USD 2.7 Billion in 2022 to reach USD 18.6 Billion by 2030, growing at a CAGR of 39.05% during the forecast period from 2023 to 2030.

Virtual Customer Premises Equipment (vCPE) Market Size


Graph
             2022                         2023 to 2030      

ReportDetails
Market Size ValueUSD 2.7 Billion in 2022
Market Size ValueUSD 18.6 Billion by 2030
CAGR39.05%
Forecast Period2023 to 2030
Historic Data2022
Segments CoveredOfferings, Deployment Mode, Organization Size, and End-use Verticals
Geographics CoveredNorth America, Latin America, Europe, Asia-Pacific, Middle East & Africa

Major players in Virtual Customer Premises Equipment (vCPE) Market include: Cisco, HPE, Juniper Networks, Broadcom, IBM, Arista Networks, Dell Corporation, Verizon, ADVA Optical Networking, Advantech, Spirent Technologies, Versa Networks, Anuta Networks, Parallel Wireless, Ericsson, NEC Corporation, Intel, and Huawei Technologies

Rising Adoption of network virtualization among enterprises

The adoption of network virtualization, particularly virtual customer premises equipment (vCPE), is experiencing a significant upswing among enterprises owing to the flexibility and scalability provided by network virtualization. Enterprises are attracted to the cost reductions that vCPE provides. Traditional CPE devices require large upfront investments as well as continuous maintenance costs. By moving to virtualized CPE functions, businesses can eliminate the requirement for dedicated hardware at each location leading to lower capital expenses. Additionally, telecommunications businesses have been at the forefront of network virtualization, especially vCPE. Virtualizing CPE functions enables telecom operators to provide their clients with flexible and scalable services. The companies can regulate network operations and effectively expand resources to meet consumer demand. vCPE enables telecom operators to improve service delivery, optimize network use, and minimize expenses associated with physical CPE devices. Furthermore, the healthcare industry recognizes network virtualization's benefits, particularly vCPE in improving patient care and optimizing operations. Virtualizing CPE functions enables healthcare businesses to securely connect their facilities, integrate medical equipment, and provide telemedicine services. vCPE simplifies network management and improves security, allowing healthcare organizations to comply with tight data privacy rules while providing quality treatment.

Emergence of 5G

The emergence of 5G technology is set to transform the Virtual Customer Premises Equipment (vCPE) market providing an abundance of benefits and growth prospects. 5G, the fifth generation of wireless technology, brings considerable improvements in speed, capacity, latency, and connectivity, all of which have immediate consequences for vCPE installations. One of the most significant advantages of 5G technology is its ability to handle significant increases in network capacity. 5G facilitates the transfer of massive volumes of data at ultra-fast rates due to higher frequency bands and bigger bandwidths. This increased capacity is especially beneficial for vCPE installations since it enables the seamless provisioning of virtual network functions (VNFs) and delivers bandwidth-intensive services without sacrificing performance.

5G networks enable the integration of edge computing capabilities, placing computation and storage closer to the end-user or device. The connection allows enterprises to install vCPE capability at the network edge, lowering latency and boosting overall network performance. Edge computing enables vCPE deployments to process data locally, resulting in faster response times and less dependency on centralized data centers.

In conclusion, the introduction of 5G technology opens up considerable prospects for cloud-based vCPE deployments. 5G enables enterprises to harness the benefits of vCPE for higher flexibility, scalability, service agility, edge computing, and interaction with NFV. The combination of 5G with vCPE results in a formidable platform for delivering high-performance network services, enabling IoT deployments, and enabling rapid provisioning of customized services. The convergence of vCPE and 5G is expected to foster more innovation and growth in the telecoms and networking industry as 5G continues to roll out internationally.

Regional Insight

Asia Pacific currently dominates the Virtual Customer Premises Equipment Market owing to the growing adoption of cloud computing and rising demand for bandwidth-intensive applications. Several Asian countries are actively promoting digital transformation efforts across industries. These activities increase the demand for agile and adaptable networking solutions, which makes vCPE an appealing option. Organizations can use vCPE to virtualize and consolidate network functions, resulting in scalability, cost-efficiency, and easier network management. In addition, the Asia-Pacific region has recorded an increase in demand for managed network services. Organizations are looking for managed solutions to effectively handle their networking needs while focusing on essential business operations. vCPE enables service providers to efficiently supply managed network services, giving customized solutions tailored to the specific needs of enterprises in the region.

Japan is one of the leading markets for vCPE in the Asia Pacific. The country's significant emphasis on R&D has resulted in the introduction of cutting-edge technology and solutions in the networking and telecommunications industries. Because of this technological expertise, Japan is a prime market for vCPE solutions, as Japanese enterprises are eager to use modern virtualization and cloud-based networking technologies. The resilient infrastructure encourages the use of vCPE systems by providing the connectivity and bandwidth required to perform virtualized network operations and services. Japan's sophisticated telecommunications ecosystem presents a favorable setting for vCPE deployments.

Additionally, Japan is at the top of IoT deployments, with particular emphasis on smart cities, industrial automation, and linked gadgets. vCPE is crucial in controlling and improving network connectivity for IoT devices, allowing enterprises to maximize the benefits of IoT deployments. Furthermore, the growing need for managed network services, the development of IoT deployments, and Japan's future preparation for 5G all contribute to the country's vCPE growth.

The Virtual Customer Premises Equipment (vCPE) Market research report provides an in-depth overview of the industry including market segmentation by Offering, Deployment Mode, Organization Size, End-use Verticals, and Region. Analysis of the global market with a special focus on high-growth applications in each vertical and fast-growing market segment. It includes a detailed competitive landscape with identification of the key players concerning each type of market, in-depth market share analysis with individual revenue, market shares, and top players’ rankings. Impact analysis of the market dynamics with factors currently driving and restraining the growth of the market, along with their impact in the short, medium, and long-term landscapes. Competitive intelligence from the company profiles, key player strategies, and game-changing developments such as new product launches, collaborations, expansions, investment analysis, mergers, and acquisitions. The market analysis focuses on revenue and forecast by region/countries and by application in terms of revenue forecast for the period 2023-2030.

The report further studies the market strategies of key players, recent development status, plans, and Virtual Customer Premises Equipment (vCPE) Market trends across the world. Also, it splits the market segmentation further to deep dive into research and reveals company profile and prospects.

Major Classifications are as follows:

By Offerings

  • Solutions
    • Virtual Switches
    • Virtual Routers
    • Infrastructure Management and Orchestration
    • Security and Compliance
  • Services
    • Professional Services
    • Managed Services

By Deployment Mode

  • On-Premises
  • Cloud

By Organization Size

  • SMEs
  • Large Enterprises

By End-use Verticals

  • BFSI
  • IT
  • Healthcare
  • Government and Public Sector
  • Manufacturing
  • Others

By Key players

  • Cisco
  • HPE
  • Juniper Networks
  • Broadcom
  • IBM
  • Arista Networks
  • Dell Corporation
  • Verizon
  • ADVA Optical Networking
  • Advantech
  • Spirent Technologies
  • Versa Networks
  • Anuta Networks
  • Parallel Wireless
  • Ericsson
  • NEC Corporation
  • Intel
  • Huawei Technologies

By Region

    • North America
      • US
      • Canada
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Rest of Asia Pacific
    • Rest of the World
      • Middle East
        • UAE
        • Saudi Arabia
        • Israel
        • Rest of the Middle East
      • Africa
        • South Africa
        • Rest of the Middle East & Africa

Reason to Purchase this Virtual Customer Premises Equipment (vCPE) Market Report:

  • Determine prospective investment areas based on a detailed trend analysis of the global Virtual Customer Premises Equipment (vCPE) Market over the next years.
  • Gain an in-depth understanding of the underlying factors driving demand for different Virtual Customer Premises Equipment (vCPE) Market segments in the top spending countries across the world and identify the opportunities each offers.
  • Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
  • Identify the major channels that are driving global Virtual Customer Premises Equipment (vCPE) Market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
  • Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global Virtual Customer Premises Equipment (vCPE) Market.
  • Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Virtual Customer Premises Equipment (vCPE) Market providers worldwide, including information about their products, alliances, recent contract wins, and financial analysis wherever available.

TOC

  1. Executive Summary
  2. Introduction
    1. Key Takeaways
    2. Report Description
    3. Market Scope & Definition
    4. Stakeholders
    5. Research Methodology
      1. Market size
      2. Key data points from primary sources
      3. Key data points from secondary sources
      4. List of primary sources
      5. List of secondary sources
  3. Market Overview
    1. Introduction
    2. Industry Segmentation
    3. Market Trends Analysis
    4. Major Funding & Investments
    5. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
    6. Value Chain Analysis
    7. Pricing Analysis
      1. Pricing Analysis, By Products
      2. Average Pricing Benchmark Analysis
  4. Virtual Customer Premises Equipment (vCPE) Market, By Offerings
    1. Solutions
      1. Virtual Switches
      2. Virtual Routers
      3. Infrastructure Management and Orchestration
      4. Security and Compliance
    2. Services
      1. Professional Services
      2. Managed Services
  5. Virtual Customer Premises Equipment (vCPE) Market, By Deployment Mode
    1. On-Premises
    2. Cloud
  6. Virtual Customer Premises Equipment (vCPE) Market, By Organization Size
    1. SMEs
    2. Large Enterprises
  7. Virtual Customer Premises Equipment (vCPE) Market, By End-use Verticals
    1. BFSI
    2. IT
    3. Healthcare
    4. Government and Public Sector
    5. Manufacturing
    6. Others
  8. Virtual Customer Premises Equipment (vCPE) Market, By Geography
    1. Virtual Customer Premises Equipment (vCPE) Market, North America
      1. U.S.
      2. Canada
    2. Virtual Customer Premises Equipment (vCPE) Market, Latin America
      1. Brazil
      2. Mexico
      3. Argentina
      4. Rest of Latin America
    3. Virtual Customer Premises Equipment (vCPE) Market, Europe
      1. UK
      2. Germany
      3. France
      4. Italy
      5. Spain
      6. Russia
      7. Rest of Europe
    4. Virtual Customer Premises Equipment (vCPE) Market, Asia Pacific
      1. China
      2. Japan
      3. India
      4. South Korea
      5. Rest of Asia Pacific
    5. Virtual Customer Premises Equipment (vCPE) Market, Rest of the world
      1. Middle East
        1. UAE
        2. Saudi Arabia
        3. Israel
      2. Africa
        1. South Africa
        2. Rest of Africa
  9. Competitive Analysis
    1. Introduction
    2. Top Companies Ranking
    3. Competitive Landscape
      1. Competition Dashboard
      2. Market Analysis (2022)
      3. Emerging company case studies
    4. Company Profiles
      1. Cisco
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      2. HPE
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      3. Juniper Networks
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      4. Broadcom
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      5. IBM
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      6. Arista Networks
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      7. Dell Corporation
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      8. Verizon
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      9. ADVA Optical Networking
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      10. Advantech
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      11. Spirent Technologies
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      12. Versa Networks
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      13. Anuta Networks
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      14. Parallel Wireless
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      15. Ericsson
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      16. NEC Corporation
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      17. Intel
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      18. Huawei Technologies
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition

Table and Figures

Methodology:

At MarketDigits, we take immense pride in our 360° Research Methodology, which serves as the cornerstone of our research process. It represents a rigorous and comprehensive approach that goes beyond traditional methods to provide a holistic understanding of industry dynamics.

This methodology is built upon the integration of all seven research methodologies developed by MarketDigits, a renowned global research and consulting firm. By leveraging the collective strength of these methodologies, we are able to deliver a 360° view of the challenges, trends, and issues impacting your industry.

The first step of our 360° Research Methodology™ involves conducting extensive primary research, which involves gathering first-hand information through interviews, surveys, and interactions with industry experts, key stakeholders, and market participants. This approach enables us to gather valuable insights and perspectives directly from the source.

Secondary research is another crucial component of our methodology. It involves a deep dive into various data sources, including industry reports, market databases, scholarly articles, and regulatory documents. This helps us gather a wide range of information, validate findings, and provide a comprehensive understanding of the industry landscape.

Furthermore, our methodology incorporates technology-based research techniques, such as data mining, text analytics, and predictive modelling, to uncover hidden patterns, correlations, and trends within the data. This data-driven approach enhances the accuracy and reliability of our analysis, enabling us to make informed and actionable recommendations.

In addition, our analysts bring their industry expertise and domain knowledge to bear on the research process. Their deep understanding of market dynamics, emerging trends, and future prospects allows for insightful interpretation of the data and identification of strategic opportunities.

To ensure the highest level of quality and reliability, our research process undergoes rigorous validation and verification. This includes cross-referencing and triangulation of data from multiple sources, as well as peer reviews and expert consultations.

The result of our 360° Research Methodology is a comprehensive and robust research report that empowers you to make well-informed business decisions. It provides a panoramic view of the industry landscape, helping you navigate challenges, seize opportunities, and stay ahead of the competition.

In summary, our 360° Research Methodology is designed to provide you with a deep understanding of your industry by integrating various research techniques, industry expertise, and data-driven analysis. It ensures that every business decision you make is based on a well-triangulated and comprehensive research experience.

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Covered Key Topics

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Market Growth Drivers

Leading Market Players

Company Market Share

Market Size and Growth Rate

Market Trend and Technological

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