FMI Market Forecast Report on Virtual Customer Premise | Page 4

Virtual Customer Premises Equipment Market
By FMI Virtual Customer Premises Equipment Market Segments and Key Trends 2017-2027
For past couple of years, gradual shift from hardware to software has been witnessed by various
organizations owing to the increased network flexibility. The software that offers network services
includes virtual private network connectivity, firewall security, and routing. This methodology of
delivering network services through software is termed as virtual customer premises equipment (VCPE).
The virtual infrastructure enables enterprises to reduce organizations’ dependency on hardware. This
virtual infrastructure also aids organizations to minimize the cost of networking infrastructure.
Virtual customer premises equipment offers updated physical networking infrastructure that can be
changed into sharable virtual resources and can be accessible from anywhere. Remote deployment in
case of virtual customer premises equipment is among the prime advantages over the traditional
hardware based solutions.
Virtual Customer Premises Equipment Market: Drivers and Challenges
Educational institutions are transforming the education system and offering virtual technology based
online programs that include information exchange, group discussions and many more features which
increases adoption of VCPE in education industry and hence driving the growth in virtual customer
premises equipment market. Some other factors including cost minimization in hardware installation and
maintenance and rising demand for cloud based or mobility solutions which impact positively in driving
the growth for virtual customer premises equipment market. Telecom companies are benefited by VCPE
©2015 Future Market Insights, All Rights Reserved
4