TECH SUPPLIER Dec 2019 - Market Forecast - Doc # US45707517
Worldwide vCPE/uCPE Forecast, 2019–2023
This IDC study covers the worldwide market for NFV infrastructure at the network edge, aka vCPE software and uCPE hardware, for the 2018–2023 period. IDC forecasts the virtual CPE software market to grow from $534.3 million in 2018 to $2.37 billion in 2023 at a CAGR of 34.7%. The virtual CPE (uCPE) hardware market is expected to grow from a base of $281.3 million in 2018 to $781.7 million in 2023 at a CAGR of 22.7%.
"The vCPE market continues to be driven by several compelling business benefits for both the enterprise and the communications service provider," said Rajesh Ghai, research director, Carrier Network Infrastructure. As the industry slowly but surely addresses impediments such as the cost of hardware and the maturity of VNF software and its integration, the combined software and hardware market is evolving toward $3 billion by 2023.
Application delivery, Firewall and VPN security appliance products, Internet of things, Networking virtualization, Routers, Storage management software, System and network management software, Wireless LAN infrastructure
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