In a recently published report, Virtual Customer Premises Equipment (CPE) Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Virtual Customer Premises Equipment (CPE) Market products.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
Global Virtual Customer Premises Equipment (CPE) Market is valued approximately at USD 1283.09 million in 2019 and is anticipated to grow with a healthy growth rate of more than 37% over the forecast period 2020-2027. Virtual CPE is a means of delivering network services such as routing, firewall security and virtual private network connectivity to businesses through the use of software rather than dedicated hardware devices.
By virtualizing CPE, providers will significantly simplify and speed service delivery, securely customize and control equipment, and enable consumers to request new services or change current ones on demand. The growing need for accessibility, rising demand for virtual networking technology and facilities such as such as virtual LANs (VLANs) and containers such as virtual machines (VMs) Network storage devices, as well as changing traffic dynamics and increasing network complexities, are rising the acceptance of V-CPE across end-users. V-CPE offers upgraded physical networking facilities that can be converted into common virtual services that are accessible from anywhere without the need of any networking equipment.
The concept of virtual infrastructure has reduced the hardware dependence of enterprises and minimized the cost of networking infrastructure. However, security and reliability concerns related to virtual architecture and lack of skilled workforce and limited knowledge among end-users are limiting the growth of V-CPE solutions on the market. The application of V-CPE in the education sector transforms the education system by providing the benefits of virtualization technology such as online programs, group discussions and information exchange are made possible through virtualization technology. With the education system moving from classroom learning to learning through computers and universities integrating content into their existing networking or IT courses, V-CPE solutions enable the education sector to manage educational programs and university data efficiently.
However, high initial cost associated with virtual CPE solutions coupled with Security and reliability concern related to virtual architecture may act as a hindrance to the market growth. Various service providers of virtual CPE are adopting the strategy of product launch to gain competitive edge over other players operating in the marketplace. For instance, In June 2016, IBM expanded its suite of semantic interface applications for Network functions virtualization (NFV) and consumer premises. The company launched IBM Spectrum Computing, built to extract maximum value from results, to automate high-performance analytics or machine learning.
The regional analysis of global Virtual Customer Premises Equipment (CPE) market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. The market in Asia-Pacific is expected to grow at the highest rate due to increasing demand for Internet of Things (IoT) devices across industries in the region. In the Asia-Pacific region, industries such as energy and utilities, manufacturing, transport and logistics, and agriculture are expected to lead the market and industrial IoT.
Major market player included in this report are:
Intel Corporation
Qosmos
AT&T, Inc
NEC Corporation
Orange Business Services
Verizon Wireless
Cisco Systems, Inc
Ericsson AB
International Business Machines, Corporation
Dell, Inc
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Deployment:
Classic CPE Model
Cloud Hosted CPE Model
By Service:
Professional Service
Managed Service
By Application:
Residential Application
Enterprise Application
By Solution:
Security and Compliance
Virtual Equipment Solution
Infrastructure Management
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Virtual Customer Premises Equipment (CPE) Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Virtual Customer Premises Equipment (CPE) Market, by Region, 2018-2027 (USD Billion)
1.2.2. Virtual Customer Premises Equipment (CPE) Market, by Deployment, 2018-2027 (USD Billion)
1.2.3. Virtual Customer Premises Equipment (CPE) Market, by Service, 2018-2027 (USD Billion)
1.2.4. Virtual Customer Premises Equipment (CPE) Market, by Application, 2018-2027 (USD Billion)
1.2.5. Virtual Customer Premises Equipment (CPE) Market, by Solution, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Virtual Customer Premises Equipment (CPE) Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Virtual Customer Premises Equipment (CPE) Market Dynamics
3.1. Virtual Customer Premises Equipment (CPE) Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Virtual Customer Premises Equipment (CPE) Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Virtual Customer Premises Equipment (CPE) Market, by Deployment
5.1. Market Snapshot
5.2. Global Virtual Customer Premises Equipment (CPE) Market by Deployment, Performance – Potential Analysis
5.3. Global Virtual Customer Premises Equipment (CPE) Market Estimates & Forecasts by Deployment 2017-2027 (USD Billion)
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