Virtual Customer Premises Equipment (vCPE) Market to grow by USD 13.11 billion growth from 2022 to 2027, Market driven by efficient deployment of managed services - Technavio
NEW YORK, Sept. 24, 2023 /PRNewswire/ -- The Virtual Customer Premises Equipment (vCPE) Market by end-user (Large enterprises and SMEs), deployment (On-premises and Cloud), and geography (North America, Europe, APAC, South America, and Middle East and Africa) - Forecast and Analysis 2023-2027 report has been added to technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the virtual customer premises equipment (vCPE) market between 2022 and 2027 is USD 13.11 billion. Efficient deployment of managed services is the key factor driving the growth of the market. By leveraging customer virtual premises appliance solutions and managed services, a multinational organization can deploy a centralized IT infrastructure through cloud-based virtual appliances. These virtual appliances can easily be provisioned and managed remotely by a managed service provider (MSP), eliminating the need for on-premises hardware and dedicated IT teams in each office. Furthermore, the use of managed services allows for seamless upgrades and maintenance across the customer's network of virtual premises. Additionally, managed service providers typically provide proactive monitoring and support services that proactively monitor the performance and security of a customer's virtual base device network. This proactive approach helps optimize the performance of a customer's premises equipment network, minimize downtime, and improve the overall user experience. Therefore, these factors are expected to increase the demand for virtual customer premises equipment, which will boost the growth of the market during the forecast period. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy full report here
The lack of standardized protocols and interoperability among different virtual customer premises equipment companies affects the growth of the market.
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The virtual customer premises equipment (vCPE) market has been segmented by end-user (Large enterprises and SMEs), deployment (On-premises and Cloud), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
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Key Companies in the Virtual Customer Premises Equipment (vCPE) market:
Adtran Holdings Inc., Amdocs Ltd., Arista Networks Inc., Aryaka Networks Inc., Broadcom Inc., Ciena Corp., Cisco Systems Inc., Citrix Systems Inc., Dell Technologies Inc., Fortinet Inc., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., International Business Machines Corp., Juniper Networks Inc., NEC Corp., Nokia Corp., RAD Data Communications Ltd., Riverbed Technology Inc., Telefonaktiebolaget LM Ericsson, Verizon Communications Inc., Versa Networks Inc., and ZPE Systems Inc.
The virtual desktop infrastructure (VDI) market is estimated to grow at a CAGR of 11.39% between 2022 and 2027. The size of the market is forecast to increase by USD 6,045.55 million. This report extensively covers market segmentation by application (on-premise VDI and cloud-based VDI), end-user (BFSI, education, healthcare, and others), type (services and new software licenses), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The ease of operating and managing virtual infrastructure is notably driving market growth.
The virtual assistant market is estimated to grow at a CAGR of 37.29% between 2022 and 2027. The size of the market is forecast to increase by USD 26,945.07 million. This report extensively covers market segmentation by type (spoken commands and text-to-speech), end-user (automotive, BFSI, government, retail, and others), and geography (North America, APAC, Europe, South America, and Middle East and Africa). The demand for enhanced customer service is notably driving the virtual assistant market growth.
Historic Market Sizes
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Deployment
Drivers, Challenges, & Trends
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