Market Overview:
The global virtual BNGs market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for bandwidth and rising number of subscribers. In addition, the growing trend of BYOD and IoT is also contributing to the growth of this market. The global virtual BNGs market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into hardware, software, and service. The hardware segment is expected to hold a major share in this market owing to its ability to provide high-bandwidth services at low costs as compared with other types of solutions available in the market. By application, it can be classified into residential and commercial segments.
Product Definition:
A virtual BNG (Broadband Network Gateway) is a network device that provides the functionality of a broadband access router and a BNG in one device.
This reduces the number of devices needed at the customer premises, which can reduce deployment time and costs.
Hardware:
Hardware is the part of digital infrastructure that enables secure, decentralized, and trustless transactions. It’s majorly used in banking institutions for ensuring secured financial transactions between users as well as banks. Hardware wallets are considered to be a safer option than software wallets since they protect all the sensitive information stored on it from being accessed by hackers or fraudsters.
The global hardware wallet market size was valued at USD 1,og8g in 2018.
Software:
Software is a set of instructions, which when followed by the hardware, enables to carry out any task from anywhere in the world. In virtual BNGs market it is used for generating and managing wallets and accounts.
Software has been designed over decades for carrying out financial transactions between individuals or businesses; however, as technology advanced so did software design to meet new requirements such as security and privacy.
Application Insights:
The commercial segment dominated the global virtual BNG market, accounting for more than 60.0% share of the total revenue in 2017. The growth can be attributed to an increase in demand from various sectors such as healthcare, telecom and IT, financial services and others. In addition, a rise in disposable income among consumers has led to an increased adoption of these products by the residential sector across all regions.
The residential segment is expected to witness significant growth over the forecast period owing to increasing penetration of smart meters coupled with rising concerns regarding energy consumption and greenhouse gas emissions caused due to conventional coal-fired power plants being used for electricity generation purposes across various regions globally including North America and Europe.
Regional Analysis:
Asia Pacific regional market accounted for the largest revenue share in 2017 and is anticipated to continue its dominance over the forecast period. The growth can be attributed to increasing demand from commercial sector, such as hotels, hospitals, educational institutions and corporate offices. Increasing number of data centers in this region is also expected to drive Virtual BNG sales over the next eight years. Additionally, rising penetration of fiber networks in countries like China and India has led telecom service providers (TSPs) offering high-speed internet services to offer these solutions across their network footprint.
North America regional market accounted for more than 25% share of global revenue in 2017 owing to early technology adoption by major residential customers like builders & developers as well as telecom service providers (TSPs).
Growth Factors:
- Increasing demand for bandwidth: The increasing demand for bandwidth is one of the primary growth drivers for the virtual BNGs market. This is because virtual BNGs help service providers to efficiently manage and control network traffic, and optimize their networks.
- Proliferation of 4G/LTE networks: The proliferation of 4G/LTE networks is another key factor that is expected to drive the growth of the virtual BNGs market in the coming years. This is because LTE provides high-speed data connectivity, which helps service providers to offer better services to their customers.
- Emergence of NFV: The emergence of NFV (network functions virtualization) technology is another major factor that is expected to fuel the growth of the global virtual BNGs market in the near future. With NFV, service providers can deploy and manage various network functions virtually, which helps them reduce costs and improve efficiency.
Scope Of The Report
Report Attributes
Report Details
Report Title
Virtual BNGs Market Research Report
By Type
Hardware, Software, Service
By Application
Residential, Commercial
By Companies
Cisco Systems, Juniper Networks, Huawei Technologies, Casa Systems, netElastic, Sanctum Networks, RtBrick, Benu Networks
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Virtual BNGs Market Report Segments:
The global Virtual BNGs market is segmented on the basis of:
Types
Hardware, Software, Service
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cisco Systems
- Juniper Networks
- Huawei Technologies
- Casa Systems
- netElastic
- Sanctum Networks
- RtBrick
- Benu Networks
Highlights of The Virtual BNGs Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware
- Software
- Service
- By Application:
- Residential
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Virtual BNGs Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Understanding Competition Scenario
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Virtual BNGs are a new type of blockchain that allows for the creation of smart contracts and decentralized applications. Virtual BNGs use a different algorithm than traditional blockchains, which makes them faster and more efficient.
Some of the major players in the virtual bngs market are Cisco Systems, Juniper Networks, Huawei Technologies, Casa Systems, netElastic, Sanctum Networks, RtBrick, Benu Networks.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Virtual BNGs Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Virtual BNGs Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Virtual BNGs Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Virtual BNGs Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Virtual BNGs Market Size & Forecast, 2018-2028
4.5.1 Virtual BNGs Market Size and Y-o-Y Growth
4.5.2 Virtual BNGs Market Absolute $ Opportunity
Chapter 5 Global Virtual BNGs Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Virtual BNGs Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software
5.2.3 Service
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Virtual BNGs Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Virtual BNGs Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Virtual BNGs Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Virtual BNGs Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Virtual BNGs Analysis and Forecast
9.1 Introduction
9.2 North America Virtual BNGs Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Virtual BNGs Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software
9.6.3 Service
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Virtual BNGs Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Virtual BNGs Analysis and Forecast
10.1 Introduction
10.2 Europe Virtual BNGs Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Virtual BNGs Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software
10.6.3 Service
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Virtual BNGs Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Virtual BNGs Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Virtual BNGs Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Virtual BNGs Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software
11.6.3 Service
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Virtual BNGs Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Virtual BNGs Analysis and Forecast
12.1 Introduction
12.2 Latin America Virtual BNGs Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Virtual BNGs Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software
12.6.3 Service
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Virtual BNGs Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Virtual BNGs Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Virtual BNGs Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Virtual BNGs Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software
13.6.3 Service
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Virtual BNGs Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Virtual BNGs Market: Competitive Dashboard
14.2 Global Virtual BNGs Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cisco Systems
14.3.2 Juniper Networks
14.3.3 Huawei Technologies
14.3.4 Casa Systems
14.3.5 netElastic
14.3.6 Sanctum Networks
14.3.7 RtBrick
14.3.8 Benu Networks
