Virtual CPE Market To Hit USD 21.73 Billion at a 31.47%

New York, US, Nov. 22, 2022 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “Global Virtual CPE Market Research Report, Service (Professional, Managed), Deployment, Solution, Application – Forecast till 2030”, the virtual CPE market will touch USD 21.73 billion at a 31.47% CAGR by 2030.

Virtual CPE Market Growth Drivers 

The market for virtual customer premises equipment is being driven by an increase in the demand for products and services for virtual networking infrastructure. A better networking infrastructure is offered by virtual customer premises equipment and is available from anywhere. Enterprises use virtual customer premises equipment (vCPE) because it requires little hardware from the consumer. The corporation spends less on capital as a result.

Virtual CPE Market Key Players 

Eminent market players profiled in the global virtual CPE market report includes,

  • Intel Corporation (U.S.)
  • Qosmos (France)
  • AT&T Inc (U.S.)
  • NEC Corporation (Japan)
  • Orange Business Services (The Netherlands)
  • Verizon Wireless (U.S.)
  • Cisco Systems Inc (U.S.)
  • Ericsson AB (Sweden)
  • International Business Machines
  • Corporation (U.S.)
  • Dell Inc (U.S.)

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Virtual CPE Market Opportunities 

Growing Need for Mobility to offer Robust Opportunities 

Without the need for a significant amount of networking gear, V-CPE offers improved physical networking infrastructure that can be converted into sharable virtual resources and accessed from anywhere. Telecom firms profit from VCPE solutions because they make it easier to transfer data between various business units. This reason encourages telecom carriers to employ VCPE options, which supports the expansion of the virtual customer equipment industry.

Virtual CPE Market Restraints and Challenges 

Security Concerns to act as Market Restraint 

Security concerns in the network virtualization, shortage of skilled workforce, and limited knowledge may act as market restraints over the forecast period. 

Virtual CPE Market Report Scope:

Report Metrics Details
Virtual CPE Market Size by 2030 USD 21.73…