Lucintel's latest market report analyzed that virtual customer premises equipment (vCPE) provides attractive opportunities in the data centers, telecom service providers, BFSI, IT, healthcare, government and public sector, and manufacturing sectors. The virtual customer premises equipment (vCPE) market is expected to reach $XX billion by 2028 with a CAGR of 19% to 21%. In this market, on-premises is the largest segment by deployment type, whereas data centers and telecom service providers is largest by application. Reduction of hardware dependency and increasing usage of NFV & SDN provides strategic growth path in this market.
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Based on deployment type, the virtual customer premises equipment (vCPE) market is segmented into on-premises and cloud . The on-premises segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, 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.
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The Virtual Customer Premises Equipment (vCPE) Market is marked by the presence of several big and small players. Some of the prominent players offering virtual customer premises equipment (vCPE) include Arista Networks, Brocade Communications Systems, Cisco System, Dell, Ericsson, Hewlett Packard Enterprises, International Business Machines (IBM) Corporation, Juniper Networks, NEC Corporation, Versa Networks.
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