The Asia Pacific Virtual Customer Premises Equipment (vCPE) Market would witness market growth of 38.6% CAGR during the forecast period (2022-2028).
A CPE can be either active, like the aforementioned items, or passive, such as xDSL splitters or analog telephone adapters (ATA). This covers the majority of private branch exchanges and important telephone systems. Pay phones and overvoltage protection devices are excluded from the CPE category. Manuals, cable packages, cable adapters, and other items required for the provision of telecommunication services but not classified as equipment are considered CPE peripherals.
CPE can refer to equipment that the subscriber has purchased or to equipment that the operator or service provider has made available. Companies can benefit from common network function virtualization (NFV) infrastructures for services deployed in the cloud and the network by using virtual customer premises equipment (CPE). Companies can adopt a cloud model with virtual CPE due to NFV, where many essential network operations are provided.
As described in this joint cybersecurity alert, the People's Republic of China (PRC) state-sponsored cybercriminals continue to exploit widely known vulnerabilities to create a large network of compromised equipment. These attackers take advantage of the network to target a variety of additional targets around the world, including both governmental and commercial sector organizations. The demand for various cutting-edge solutions, such as virtual customer premises equipment (vCPE), will increase during the projection period as a result of the region's rapid digitalization.
The China market dominated the Asia Pacific Virtual Customer Premises Equipment (vCPE) Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,513.4 million by 2028. The Japan market is estimated to grow a CAGR of 37.8% during (2022 - 2028). Additionally, The India market would experience a CAGR of 39.5% during (2022 - 2028).
Based on Vertical, the market is segmented into Data Centers & Telecom Service Providers, BFSI, Government & Defense, IT, Manufacturing, Healthcare & Life Sciences, and Others. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Component, the market is segmented into Solutions/Tools (Security & Compliance, Application & Controller Platform, Virtual Routers, Virtual Switches, and Infrastructure Management & Orchestration)and Service. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Virtual Customer Premises Equipment (vCPE) Market is Projected to reach USD 19 Billion by 2028, at a CAGR of 37.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., Hewlett Packard Enterprise Company, Juniper Networks, Inc., IBM Corporation, Dell Corporation, Ericsson AB, NEC Corporation, Intel Corporation, Huawei Technologies Co. Ltd., and Verizon Communications, Inc.
By Vertical
By Organization Size
By Deployment Type
By Component
By Country
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