Routing and firewall requirements have necessitated the need for growth in the virtual CPE market. Market Research Future, a firm which specializes in market reports related to the Information and Communications Technology sector among others, published in its recent report on Virtual CPE Market Research Report- Global Forecast to 2022 that the sector is expected to develop at a commendable CAGR % while diversifying at an exceptional rate. As virtual CPE solutions are especially advantageous for creation of a shared network functions virtualization (NFV) infrastructure and for facilities deployed in the cloud, the market faces increased demand.
The transition in the usage of hardware to software solutions by many organizations is key to the popularity of this sector. Many organizations and individuals have increasingly shifted their demand towards virtual CPE market which has further boosted the market. By moving the CPE services to the virtual domain, the market stands poised for growth, as providers can effectively simply diversify and increase the pace of service delivery. The main sector that is driving the development are educational institutions which offer virtual technology based programs online. Growing cloud based service demand is among one of the key factors propelling the growth of the market. Lack of technical expertise coupled with the threats to data security persisting in today’s market are some of the factors which are hindering the growth of virtual CPE Market.
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Some of the major players in Global Virtual CPE Market include Intel Corporation (U.S.), Qosmos Inc. (France), AT&T Inc. (U.S.), NEC Corporation (Japan), Orange business services (Netherlands), Verizon wireless (U.S.), Cisco systems Inc. (U.S.), Ericsson Inc. (Sweden), IBM corporation (U.S.), Dell Inc. (U.S.) among others.
Virtual CPE Market – Segments
The global virtual CPE market can be segmented on the basis of deployment models, services, application and region.
On The Basis Of Deployment Models: Classic CPE Model and Cloud Hosted CPE Model among Others.
On The Basis Of Services: Routing, Security, VPN, NAT, WAN Optimization And Access Control Among Others.
On The Basis Of Application: Enterprises (Small/Medium) and Residential Among Others.
On The Basis Of Region: North America, Europe, Asia Pacific and ROW.
Virtual CPE Market – Regional Analysis
The virtual CPE market is segmented into North America, Europe, APAC, and Rest of the World (RoW). North America is dominating the Global Virtual CPE Market with the largest market share in the region due to established technical market, and therefore accounting for a sizeable market share, with million dollar development expected to grow the sector further by 2022. The virtual CPE market in Asia-Pacific market is expected to grow at a positive by 2022. The Europe market for Virtual CPE Market is expected to grow at flourishing rate of CAGR %.
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