42+% CAGR For Virtual Customer Premises Equipment (VCPE) Market To 2021

Global Virtual Customer Premises Equipment (VCPE) market is expected to grow USD 2,818.8 million by 2021, at a CAGR of 42.1% from 2016 to 2021 led by enterprises in the education industry expected to gain maximum traction during the forecast period.

Rising need for mobility, surging demand for virtual networking infrastructure solutions and services, along with varying traffic patterns and increasing complexity of networks are increasing the adoption of Virtual Customer Premises Equipment (VCPE) across end users. VCPE provides enhanced physical networking infrastructure which can be transformed into sharable virtual resources, and can be accessed from anywhere without using much of the networking hardware. The virtual infrastructure concept has reduced the hardware dependency for enterprises and minimized the cost related to networking infrastructure. However, security and reliability concerns related to virtual architecture and lack of skilled workforce & limited knowledge among end users are limiting the growth of VCPE solutions in the market.

Browse 86 market data tables & 56 figures spread through 162 pages and in-depth TOC on " Virtual Customer Premises Equipment Market " at http://www.rnrmarketresearch.com/virtual-customer-premises-equipment-v-cpe-market-by-component-solutions-tools-services-service-model-iaas-paas-saas-application-area-enterprises-and-data-center-telecom-services-organization-size-st-to-2021-market-report.html .

The application of Virtual Customer Premises Equipment (VCPE) in the education industry is transforming the education system by providing benefits of virtualization technology. Online programs, group discussions, and information exchange are made possible through virtualization technology. With the education system having transitioned from learning in classrooms to learning through computers and universities integrating content into their existing networking or IT courses, VCPE solutions allow the education industry to efficiently manage education programs and university data.

North America is expected to hold the largest market share during the forecast period due to increased usage of NFV and SDN among data centers and telecom companies which is transforming the VCPE market across industries in the region. The region has dominance in the market as these countries have well established economies, which allow them to invest in new technologies. The APAC market is expected to witness exponential growth and is projected to be the fastest-growing region for the Virtual Customer Premises Equipment (VCPE) market.

The growth of VCPE in the region is fueled by the increased need for enterprise mobility and cloud-based solutions. Also, the rapid expansion of enterprises in the region is another factor driving the growth of the Virtual Customer Premises Equipment (VCPE) market. Several solution and service providers such as NEC and Huawei are catering to the growing demand for VCPE across industry verticals in the region.

The Virtual Customer Premises Equipment ecosystem comprises the major vendors such as Cisco Systems, Inc. (California, U.S.), Hewlett Packard Enterprises (California, U.S), Juniper Networks, Inc. (California, U.S.), Brocade Communications Systems, Inc. (California, U.S), IBM Corporation (New York, USA), Arista Networks (California, U.S.), Dell Corporation (Texas, U.S), Ericsson (Stockholm, Sweden), NEC Corporation (Tokyo, Japan) and Versa Networks (California, U.S.). A discount can be requested on this research report at http://www.rnrmarketresearch.com/contacts/discount?rname=700284 .

In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted with key people. Break-up of profile of primary participants is as follows:

> By Company: Tier 1 – 56 %, Tier 2 – 20% and Tier 3 – 24%
> By Designation: C level – 72%, Director level – 28%
> By Region: North America – 58%, Europe – 22%, APAC – 20%

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