Growing Digital Networks Technology Drive the Global Virtual Customer Premises Equipment (vCPE) Market

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.

Browse the full report description of “Virtual Customer Premises Equipment (vCPE) Market Size, Share & Trends Analysis Report by Solutions/Tools (Virtual Switches, Virtual Routers, and Security and Compliance), by Service (Professional Services, and Managed Services), by Deployment Type (On-Premises, and Cloud), by Organization Size (Large enterprises and SMEs), and by End-Use (BFSI, Healthcare, Manufacturing, Government, and Telecommunications and IT) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/virtual-customer-premises-equipment-market

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- 

o By Solutions/tools

o By Service

o By Deployment Type

o By Organization Size

o By End-Use

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o 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.

Key questions addressed by the report

• What is the market growth rate?

• Which segment and region dominate the market in the base year?

• Which segment and region will project the fastest growth in the market?

• Who is the leader in the market?

• How players are addressing challenges to sustain growth?

• Where is the investment opportunity?

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

• Italy

• Spain

• France

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

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