Key Players Implemented Various Growth Strategies, Such as Partnerships, Business Expansions, Mergers and Acquisitions, Agreements, and Collaborations, New Product Launches to Develop their Presence in the Virtual Customer Premises Equipment (vCPE) Market
MarketsandMarkets forecasts the global Virtual Customer Premises Equipment Market size is expected to grow USD 2.8 billion in 2022 to USD 15.3 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 40.2% during the forecast period.
The major vendors covered in the Virtual Customer Premises Equipment Market Cisco (US), HPE (US), Juniper Networks (US), Broadcom (US), IBM (US), Arista Networks (US), Dell Corporation (US), Ericsson (Sweden), NEC Corporation (Japan), Intel (US), Wind River (US), RAD Data Communication (Israel), Huawei Technologies (China), Verizon (US), ADVA Optical Networking (Germany), Advantech (Taipei), Spirent Technologies (UK), Versa Networks (US), Anuta Networks (US), Parallel Wireless (US), Altiostar (US), NoviFlow (Canada), Cumucore (Finland), NFWare (US), netElastic Systems (US), VoerEirAB (Sweden), and Brian4net (Russia).
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These players have implemented various growth strategies, such as partnerships, business expansions, mergers and acquisitions, agreements, and collaborations, new product launches to develop their presence in the virtual customer premises equipment market. The most widely used strategies by businesses have been partnerships and new product launches which helped them transform their offerings and widen their customer base.
Founded in 1984 and headquartered in California, US, Cisco is a key manufacturer of IP-based networking products. The company delivers products and solutions in routing and switching, including advanced technologies, for instance home networking, IP telephony, optical networking, security, storage area networking, and wireless technologies. The company has improved its status from being a supplier of specific products & services to a supplier of architectural solutions established on networking infrastructure. Cisco offers its products and services to large businesses, commercial businesses, service providers, and consumers. The company has a presence its presence in the Americas, Europe, the Middle East & Africa, and the Asia Pacific. It provides solutions for various industries, including automotive, consumer packaged goods, energy, materials and mining, hospitality, education, retail, transportation, manufacturing, healthcare, and government. Cisco offers technologically advanced products and solutions to its customers. These products deliver maximum benefits with minimum pricing. The company provides hardware, software, networking, and system communications technology-based products and services. It offers products and services to various verticals, such as energy, government, education, financial services, retail, sports and entertainment, manufacturing, healthcare, transportation, and hospitality.
HPE provides IT solutions to businesses and public-sector enterprises. It operates through five segments: software, enterprise group, enterprise services, corporate investments, and financial services. HPE has a diversified portfolio of products and services. The company provides scalable data center automation solutions for SDDC that help improve data center efficiency and accelerate provisioning, patching, and compliance. HPE data center networking solutions support a software-defined, cloud-based, hyper-converged, and composable infrastructure for hybrid IT. Companies also offer advanced products for the software-defined technologies that include SDN, SDC, and SDS solutions.
Related Reports:
Virtual Customer Premises Equipment (vCPE) Market by Component, Solutions/Tools (Virtual Switches, Virtual Routers), Service, Deployment Mode, Organization Size, Application (Data Center and Enterprises) and Region - Global Forecast to 2027
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