What is Virtual Broadband Network Gateway (vBNG) Market?
A virtual Business Network Gateway (vBNG) is a software-based solution that improves network scalability while lowering costs. By allowing broadband providers to adapt rapidly to evolving market requirements, vBNG perfectly aligns with SND's goals. It helps service providers to seamlessly transition to a cloud-based 5 G-ready network. vBNG simplifies the complexity of network optimization, helping service providers rapidly scale their offerings, manage their network, and ensure the service experience. By disaggregating legacy network structures and eliminating hardware dependencies, service providers are free to move towards a modern network, reduce costs, and improve customer experience.
Highlights from Virtual Broadband Network Gateway (vBNG) Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Cisco Systems, Inc. (United States), Juniper Networks, Inc. (United States), Nokia (Finland), Huawei Technologies Co., Ltd. (China), Casa Systems (United States), Benu Networks, Inc. (United States), netElastic Systems Inc (United States), Waystream AB (Sweden), Sanctum Networks (India) and RtBrick (India) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Virtual Broadband Network Gateway (vBNG) market throughout the forecasted period.
Cisco Systems, Inc. (United States), Juniper Networks, Inc. (United States), Nokia (Finland), Huawei Technologies Co., Ltd. (China), Casa Systems (United States), Benu Networks, Inc. (United States), netElastic Systems Inc (United States), Waystream AB (Sweden), Sanctum Networks (India) and RtBrick (India) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Winncom Technologies Corporate (United States) and Northforge Innovations Inc. (Canada). Virtual Broadband Network Gateway (vBNG) Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Household and Commercial |
Type | 20 Gbps, 40 Gbps, 80 Gbps and 120 Gbps |
End Use | Customer Premises Equipment (CPE),Access Router or Edge Router,Firewall, IDS/IPS & other security appliances,WAN Optimization Controller,Deep Packet Inspection (DPI),Network Performance Monitoring |
Offering | Installation & Deployment,Configuration,Support & Maintenance |
On the basis of geography, the market of Virtual Broadband Network Gateway (vBNG) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- High Demand due to Advanced Subscriber Management, Routing Capabilities, and Dynamic Scaling
- Rapid Adoption of Smartphones, Tablets, and Other Mobile Devices
- Increasing Need for Mobility
Market Trend
- Innovative Open Networking solutions
- Growth in Network Transformation
Restraints
- Reluctance in Moving From the Legacy System to the Virtualized Environment
Opportunities
- Rising Technological Innovation in Virtual Broadband Network Gateway (vBNG)
- Surging Number of Subscribers and New Application Areas of Wireless Technologies
Challenges
- Security Concerns Related to the Virtualized Environment
- Lack of Awareness among the User
Market Leaders & Development Strategies
In Oct 2019, Amartus and MBUZZ Europe announce a partnership agreement.
In Apr 2020, netElastic introduced BNG Manager for its virtual Broadband Network Gateway (vBNG) solution. BNG Manager is a user-friendly web-based management application that makes it easy and intuitive for service providers to quickly configure their vBNGs and monitor how the network and vBNG are performing, and In Aug 2019, Benu Networks announced the launch of its new virtual broadband network gateway (vBNG). This new network function builds upon Benu Networks’ Software-Defined Edge (SD-Edge) Platform, which features a set of rich, virtualized functionalities that enable service providers to instantly cloudify their network, rapidly create and deliver new services, and easily scale network performance.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Virtual Broadband Network Gateway (vBNG) Provider, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry