The Latin America, Middle East and Africa Virtual Customer Premises Equipment (vCPE) Market would witness market growth of 42.5% CAGR during the forecast period (2022-2028).
Enterprise customers can purchase new services that can be flexibly deployed in a single location or numerous locations, or they can spin up or spin down copies of network operations. Users can allow clients to order and furnish services on their own by setting up a self-service web portal. Self-service enables businesses and individuals to transition away from the difficulties, expenses, and protracted delivery times related to deploying physical devices and toward a cloud-focused, automated, and flexible approach to on-demand service delivery.
All F5 VNFs, including DNS as a service, firewall as a service, and load balancing as a service, can be set up as a service. Utilizing virtual CPE will result in quicker network deployments, quicker recognition, more service monetization revenues, and a higher level of efficiency. The Bell System held the telephones under the Bell System monopoly in the United States (after the Communications Act of 1934), and one could not connect privately owned or provided devices to the network or the station apparatus. Customer-premises equipment was created because telephones may be found on customers' properties.
The UAE is a competitive market for the information and communication technology (ICT) sector since it is a vital hub for industry globalization in this region. The Abu Dhabi Economic Vision 2030 and UAE Vision 2021 government programs aimed to create a competitive skilled workforce and foster an open, efficient, productive, and internationally linked corporate environment to reduce dependency on oil revenue and enhance the private sector. The UAE government works hard to encourage the growth of the knowledge economy.
The Brazil market dominated the LAMEA 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 $288 million by 2028. The Argentina market is experiencing a CAGR of 43.3% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 42.1% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Virtual Customer Premises Equipment (vCPE) Market is Predict to reach $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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