Virtual Customer Premises Equipment (V-CPE)

Virtual Customer Premises Equipment (V-CPE)

Global Virtual Customer Premises Equipment (V-CPE) Market to Reach $11.6 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Virtual Customer Premises Equipment (V-CPE) estimated at US$1.3 Billion in the year 2020, is projected to reach a revised size of US$11.6 Billion by 2027, growing at a CAGR of 36.1% over the period 2020-2027. Professional Services, one of the segments analyzed in the report, is projected to record 32.8% CAGR and reach US$5.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Managed Services segment is readjusted to a revised 40.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $404.7 Million, While China is Forecast to Grow at 34.3% CAGR

The Virtual Customer Premises Equipment (V-CPE) market in the U.S. is estimated at US$404.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2027 trailing a CAGR of 34.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 32.2% and 30.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 24.8% CAGR.

Select Competitors (Total 62 Featured) -

• Brocade Communications Systems, Inc.
• Cisco Systems, Inc.
• Hewlett Packard Enterprise Development LP (HPE)
• IBM Corporation
• Juniper Networks, Inc.

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