Lucintel Forecasts Virtual Customer Premises Equipment (vCPE) Market to Reach $XX Billion by 2028

Market-Research

According to the recent study the virtual customer premises equipment (vCPE) market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 19% to 21% from 2023 to 2028. Growth in this market is primarily driven by adoption of network virtualization among enterprises, rising need for mobility of IT services, and growing demand for virtual networking infrastructure solutions & services.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in virtual customer premises equipment (vCPE) market by component (solutions/tools and services), deployment type (on-premises and cloud), solutions/tools (virtual switches, virtual routers, application and controller platform, security and compliance, and infrastructure management and orchestration), application (data centers and telecom service providers and enterprises), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link https://www.lucintel.com/virtual-customer-premises-equipment-market.aspx

“On-premises market is expected to remain the largest segment during the forecast period.”

Based on deployment type, the virtual customer premises equipment (vCPE) market is segmented into on-premises and cloud . Lucintel forecasts that the on-premises market is expected to remain the largest segment due to as it helps control and maintain systems on the network, ensures one-time investments, installation is one-time costs, and customers can get complete ownership of the infrastructure with one-time investments.

“Within the virtual customer premises equipment (vCPE) market, the data centers and telecom service providers segment is expected to remain the largest application”

Based on application the data centers and telecom service providers segment is expected to witness the highest growth over the forecast period due to the data generated by telecom companies, which is stored and retrieved from data centers is huge. With the help of V-CPE solutions, telecom companies can easily transfer their business functions from one geographic location to another.

“North America will dominate the virtual customer premises equipment (vCPE) market in near future”

North America will remain the largest region due to the increased usage of NFV and SDN among data centers and telecom companies, well-established economies, advanced technology, and rising demand for cloud access & services by communications service providers from their enterprise customers.

Download Brochure of this report by clicking on https://www.lucintel.com/virtual-customer-premises-equipment-market.aspx

Major players of virtual customer premises equipment (vCPE) market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Arista Networks, Brocade Communications Systems, Cisco System, Dell, Ericsson, Hewlett Packard Enterprises, International Business Machines (IBM) Corporation, Juniper Networks, NEC Corporation, Versa Networks are among the major virtual customer premises equipment (vCPE) providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/virtual-customer-premises-equipment-market.aspx or helpdesk@lucintel.com

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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