The global virtual customer premises equipment (vCPE) market is anticipated to grow at a considerable CAGR of 40.9% during the forecast period. Digital transformation has made a place in every sphere of life. Networking has a huge impact on how businesses operate, but the traditional networks of the past are no longer sufficient for companies looking for digital-transformation plans. With the growing implementation of networking technology, networks have evolved to include improved security embracing software-defined networking (SDN) which supports ongoing changes in a fast manner across the network to address challenges posed by digital transformation. There are specialized devices including switches, routers, and access points that form the core of digital networks. Digital networking eliminates the need for physical proximity through digital technology. It reduces hardware dependence and minimizes the cost of networking infrastructure. A business using digital networking helps offer unique products and services to customers as it leverages online tools to build a deeper understanding of its digital communication network.
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The growing implementation of networking technology across the sectors for accessibility and facilities such as virtual LANs, network storage devices, virtual switches, virtual routers, security, and compliance as well as increasing network complexities are primary factors driving the market growth of the virtual customer premises equipment (vCPE) market. For instance, in July 2022, Hewlett Packard Enterprise announced that Catharina Hospital, the largest hospital in the Netherlands’ Eindhoven region, providing care for over 150,000 patients, has selected the HPE Ezmeral software portfolio to build cloud-native analytics and data lakehouse to provide a more accurate diagnosis, early detection and injury prevention for patients. In June 2021, Hewlett Packard Enterprise announced that it is extending its hybrid cloud to deliver comprehensive on-premises offerings for scalable and secure cloud services that drive greater agility, simplicity, and productivity at a lower cost.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
Segment Covered-
- By Solutions/tools
- By Service
- By Deployment Type
- By Organization Size
- By End-Use
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- including ADVA Optical Networking SE, Arista Networks, Inc., Brocade Communications Systems, Inc., Cisco Systems, Inc., IBM Corporation, Juniper Networks, Inc., and others.
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Global Virtual Customer Premises Equipment (vCPE) Market Report Segment
By Solutions/tools
- Virtual Switches
- Virtual Routers
- Security and Compliance
By Service
- Professional Services
- Managed Services
By Deployment Type
- On-Premises
- Cloud
By Organization Size
- Large enterprises
- SMEs
By End-Use
- BFSI
- Healthcare
- Manufacturing
- Government
- Telecommunications and IT
Global Virtual Customer Premises Equipment (vCPE) Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Advantech IT systems
- Broadcom Limited
- Dell Technologies Inc.
- Dell Technologies Inc.
- Ericsson AB
- Hewlett Packard Enterprise Development LP (HPE)
- Intel Corporation
- NEC Corporation
- NetWorks, Inc.
- Parallel Wireless, Inc.
- Spirent Communications plc
- Verizon
- Versa Networks, Inc.
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