Virtual Broadband Network Gateway (VBNG) Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

The global virtual broadband network gateway (VBNG) market is expected to grow at a significant CAGR during the forecast period. The rapid adoption of smartphones, tablets, and other mobile devices is the major driver for the global broadband network gateway market. Broadband network gateway (BNG) manages subscribers which includes session and circuit aggregation. It provides IP services to subscribers and performs authentication, authorization, accounting (AAA). The broadband network gateway acts as a router as well as effectively communicates with the authentication, authorization and accounting (AAA) server and consequently performs session management and billing functions. Moreover, the service provider can provide more customized broadband packages for its subscribers as the broadband network gateway identifies the different needs of each customer. These factors are expected to boost the growth of the global virtual broadband network gateway (VBNG) market during the forest period.

A broadband network gateway (BNG) is the access point for individuals (subscribers) to connect to the broadband network. The BNG aggregates traffic from many subscribers and routes it to the network of the service provider. Once connected, a subscriber can access the broadband services delivered by their provider. BNGs also enable service providers to authenticate and authorize users to establish and manage subscriber sessions and ensure users receive the appropriate services.

The key players in the global virtual broadband network gateway market focus on technological innovation and provide high-quality services. For instance, in October 2021, Cisco Inc. had introduced smart broadband network gateway software licensing, which provides a simplified option for customers to purchase licenses and to manage them across their network. This provides a customized model that aligns with the network growth of the customer. It also provides the flexibility to quickly modify or upgrade software feature configurations to deploy new services over time.

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Market Coverage

· The market number available for - 2022-2030

· Base year- 2022

· Forecast period- 2023-2030

Segment Covered

· By Product Type

· By Application

Competitive Landscape: Ericsson (Telefonaktiebolaget LM Ericsson), Cisco Inc., Alcatel-Lucent S.A., (Nokia), Waystream AB, and Juniper Networks, Inc., among others.

Virtual Broadband Network Gateway (VBNG) Market by Segment

By Product Type

• 20 Gbps

• 40 Gbps

• 80 Gbps

• 120 Gbps

By Application

• Household

• Commercial

A full Report of Virtual Broadband Network Gateway (VBNG) Market is Available @ https://www.omrglobal.com/industry-reports/virtual-broadband-network-gateway-vbng-market

Virtual Broadband Network Gateway (VBNG) Market by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

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