Worldwide vCPE/uCPE Forecast, 2018–2022
This IDC study covers the worldwide market for NFV infrastructure at the network edge, aka vCPE software and uCPE hardware, for the 2017–2022 period. IDC forecasts the virtual CPE software market to grow from $283.4 million in 2017 to $2.2 billion in 2022 at a CAGR of 51.2%. The virtual CPE ) hardware (uCPE) market is expected to grow from a base of $146.8 million in 2017 to $915 million in 2022 at a CAGR of 44.2%."While the vCPE market continues to be driven by several compelling network architecture considerations, it has encountered some temporary roadblocks that have tempered adoption," said Rajesh Ghai, research director, Carrier Network Infrastructure. "However, IDC does not see these factors as being an impediment for the evolution and growth of this market over the next few years. While they may temper our outlook in the short term, IDC believes that in the long term the significant business benefits will outweigh these near-term concerns and drive the combined software and hardware market to over $3 billion by 2022."
Please Note: Extended description available upon request.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook