Market Overview:
On the basis of service, the Virtual CPE market is segmented into professional service and managed service. Out of professional service and managed service, the market is mainly dominated by professional services. These services include consulting, integration services, maintenance, and support services. The professional service segment is expected to continue dominance during the forecast period.
On the basis of Solution, the market is segmented into security and compliance, virtual equipment solution, infrastructure management and others. On the basis of deployment, the market is segmented into classic CPE model and cloud-hosted CPE model.
On the basis of application, the market is segmented into the residential application and enterprise applications. Out of these, the enterprise segment is estimated to dominate the market. Additionally, within the enterprise segment, virtual CPE has shown tremendous usage in IT and Telecom, IT outsourcing industry. This growth is majorly seen as a part of digitization and automation. The world is now lesser dependent on human interaction. This digitization has led to huge amount of data collection which virtually tends to load the current network and thereby adoption of virtual CPE is needed. On the basis of region, the market is segmented into North America, Europe, Asia Pacific and rest of the world
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Market Segmentation
The virtual CPE market is segmented on the basis of solution, service, deployment, and application.
By service, the market is split into managed service & professional service. The professional service is again segmented into maintenance, consulting, support services, and integration services. Among these, professional services will spearhead the market over the forecast period.
By solution, the market is split into virtual equipment solution, security, and compliance, infrastructure management, & others.
By deployment, the market is split into a cloud-hosted CPE model & CPE model.
By application, the market is split into enterprise applications & residential applications. Among these, the enterprise segment will have lions share in the market over the forecast period.
Regional Analysis
Based on the region, the global virtual CPE market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, and the Rest of the World (RoW). Of these, North America will dominate the market over the forecast period. The presence of well-established economies, and increased use of SDN and NFV in telecom companies and data centers, use of advanced technology are adding to the global virtual CPE market growth in the region. Besides, higher adoption in enterprises and the established technological market is also adding market growth. The US holds the utmost share in the market.
In Europe, the virtual CPE market will hold the second-largest market share during the forecast period. Increasing use of latest virtual CPE features is adding to the global virtual CPE market growth in the region.
In the Asia Pacific region, the virtual CPE market is likely to develop at the highest CAGR over the forecast period. The growing need for cloud-based solutions and enterprise mobility, coupled with the rapid expansion of enterprises, is adding to the global virtual CPE market growth in the region.
In the RoW, the virtual CPE market is projected to have sound growth over the forecast period.
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Key Players
Leading contenders profiled in the global virtual CPE market report comprise AT&T, Inc (U.S.), Ericsson AB (Sweden), Dell, Inc (U.S.), Intel Corporation (U.S.), Orange Business Services (The Netherlands), International Business Machines, Corporation (U.S.), Verizon Wireless (U.S.), Cisco Systems, Inc (U.S.), Qosmos (France), and NEC Corporation (Japan). Other players include RAD Data Communications (Israel), Juniper Networks, Inc (U.S.), Lanner Electronics Incorporated. (Taiwan), Cloudify Platform Ltd (U.S.), Versa Networks, Inc. (U.S.), Hewlett Packard Enterprises (HPE) (U.S.), Criterion Networks, Inc (U.S.), Huawei Technologies Co., Ltd (China), Anuta Networks (U.S.), Brocade Communications System, Inc (U.S.), Accedian Networks Inc. (Canada), F5 Networks, Inc (U.S.), Arista Networks, Inc (U.S.), Ciena Corporation (U.S.), ALTEN Calsoft Labs (U.S.), ADVA Optical Networking SE (Germany), Fortinet Inc. (U.S.), and others.
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