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Virtual Router Market by Component (Solution (Integrated and Standalone) and Service), Type (Predefined and Custom), End-User (Service Provider (Telecom, Data Center, and Cloud) and Enterprises), and Region - Global forecast to 2023

  • ID: 4621815
  • Report
  • Region: Global
  • 126 Pages
  • Markets and Markets
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The Global Virtual Router Market Size is Expected to Grow From USD 116.8 Million in 2018 to USD 331.5 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 23.2% During the Forecast Period.

FEATURED COMPANIES

  • 128 Technology
  • Arista Networks
  • Cisco
  • HPE
  • Juniper Networks
  • Palo Alto Networks
  • MORE

The global virtual routers market size to grow at a CAGR of 23.2% during the forecast period

The global virtual router market size is expected to grow from USD 116.8 million in 2018 to USD 331.5 million by 2023, at a Compound Annual Growth Rate (CAGR) of 23.2% during the forecast period. The major factors driving the growth of the virtual router market are the decrease in CAPEX and OPEX, growth in demand for SDN and NFV, and increasing need for mobility. Furthermore, growing demand for private cloud and virtual router applications across network segments are expected to provide significant growth opportunities in the market.

However, reluctance in moving from the legacy system to the virtualized environment can be one of the restraining factors in the virtual router market.

Cloud service provider segment is expected to register the highest growth rate during the forecast period

The service providers segment of the virtual routers market include telecom, data center, and cloud service providers. Cloud service providers are deploying virtual routers to their infrastructure to impact their operations. Virtual router as a comprehensive solution for cloud not only reduces CAPEX reduction but also increases the speed of the network with the minimal addition of physical appliances

Asia Pacific (APAC) to register growth at the highest CAGR during the forecast period

APAC is expected to grow at the highest CAGR in the global virtual routers market during the forecast period. Major growth factors for the market in APAC include the increasing complexities in network infrastructure, growing adoption of virtual routers solutions by service providers to optimize their networks, and a growing demand to deliver an enhanced customer experience across all the major industry verticals. North America is expected to hold the largest market size during the forecast period, owing to the growth in Research and Development (R&D) and advancements in the networking technology.
In the process to determine and verify the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people.

  • By Company Type: Tier 1 – 28%, Tier 2 – 38%, and Tier 3 – 34%
  • By Designation: C-Level – 52%, Director Level – 40%, and Others – 8%
  • By Region: North America – 40%, Europe – 25%, APAC – 30%, and RoW – 5%

Research Coverage

The report segments the global virtual routers market by component (solution and service), type, end-user, and region. Virtual router solutions help telecom and ISP providers, system integrators, cloud service providers, mobile network operators, network solution providers, government councils, data center software providers, and IT suppliers to solve various network operation problems and optimize the network infrastructure. The type of virtual routers considered in the market are predefined and custom. Virtual router end-users are service providers and enterprises. The service providers include telecom, data center, and cloud service providers. The report covers 4 major regions: North America, Europe, APAC, and the Rest of the World (RoW).

Reasons to Buy the Report

The report helps the market leaders and new entrants in the virtual routers market in the following ways:

  • The report segments the market into various subsegments; hence, it covers the market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and its subsegments.
  • The report helps understand the overall growth of the market. It provides information on the key market drivers, restraints, challenges, and opportunities.
  • The report helps better understand competitors and gain more insights to strengthen organizations’ position in the market. In addition to this, the report presents the positioning of the key players based on their product offerings and business strategies.
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FEATURED COMPANIES

  • 128 Technology
  • Arista Networks
  • Cisco
  • HPE
  • Juniper Networks
  • Palo Alto Networks
  • MORE

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Market Opportunities in the Virtual Router Market
4.2 Market By Service Provider
4.3 Market Analysis, By Region
4.4 Market Investment Scenario

5 Market Overview and Industry Trends

5.1 Introduction
5.2 Market Dynamics
       5.2.1 Drivers
                5.2.1.1 Reduction in Capex and OPEX
                5.2.1.2 Increase in the Demand for Sdn and Nfv is Expected to Boost the Adoption of Virtual Router
                5.2.1.3 Increasing Need for Mobility
       5.2.2 Restraints
                5.2.2.1 Reluctance in Moving From the Legacy System to the Virtualized Environment
       5.2.3 Opportunities
                5.2.3.1 Demand for Private Cloud
                5.2.3.2 Virtual Router Applications Across Network Segments
       5.2.4 Challenges
                5.2.4.1 Security Concerns Related to the Virtualized Environment
                5.2.4.2 Lack of Skills and Expertise
5.3 Virtual Router Market: Use Cases
       5.3.1 Use Case: Scenario 1
       5.3.2 Use Case: Scenario 2
       5.3.3 Use Case: Scenario 3
       5.3.4 Use Case: Scenario 4
5.4 Standards
       5.4.1 Transparent Interconnection of Lots of Links (Trill)
       5.4.2 Virtual Ethernet Port Aggregator (Vepa)
       5.4.3 Virtual Extensible Local Area Network (Vxlan)
       5.4.4 Network Virtualization Using Generic Routing Encapsulation (Nvgre)
       5.4.5 Shortest Path Bridging (Spb)
       5.4.6 Fiber Channel Over Ethernet (Fcoe)
       5.4.7 Data Center Bridging (Dcb)
                5.4.7.1 Pfc (802.1qbb)
                5.4.7.2 Bandwidth Management (802.1qaz)
                5.4.7.3 Congestion Management (802.1qau)
                5.4.7.4 Data Center Bridging Exchange (Dcbx)

6 Virtual Router Market, By Component

6.1 Introduction
6.2 Solution
       6.2.1 Integrated Solution
       6.2.2 Standalone Solution
6.3 Service
       6.3.1 Professional Services
       6.3.2 Managed Services

7 Market By Type

7.1 Introduction
7.2 Custom
7.3 Predefined

8 Virtual Router Market, By End-User

8.1 Introduction
8.2 Service Provider
       8.2.1 Telecom
       8.2.2 Data Center
       8.2.3 Cloud
8.3 Enterprises
       8.3.1 Banking, Financial Services, and Insurance
       8.3.2 Manufacturing
       8.3.3 Healthcare
       8.3.4 Government and Defense
       8.3.5 Education

9 Virtual Router Market, By Region

9.1 Introduction
9.2 North America
       9.2.1 United States
       9.2.2 Canada
9.3 Europe
       9.3.1 United Kingdom
       9.3.2 Germany
       9.3.3 France
       9.3.4 Rest of Europe
9.4 Asia Pacific
       9.4.1 China
       9.4.2 Japan
       9.4.3 India
       9.4.4 Rest of APAC
9.5 Rest of the World
       9.5.1 Israel
       9.5.2 United Arab Emirates
       9.5.3 Mexico
       9.5.4 Rest of RoW

10 Competitive Landscape

10.1 Overview
10.2 Competitive Scenario
        10.2.1 New Product/Service Launches and Upgradations
        10.2.2 Partnerships, Collaborations, and Agreements
        10.2.3 Mergers and Acquisitions

11 Company Profiles

11.1 Introduction
11.2 Cisco
11.3 Ericsson
11.4 Huawei Technologies
11.5 Nokia
11.6 Juniper Networks
11.7 IBM
11.8 Netelastic
11.9 Brocade
11.1 HPE
11.11 Arista Networks
11.12 ZTE Corporation
11.13 Carbyne
11.14 Palo Alto Networks
11.15 Ross Video
11.16 6wind
11.17 128 Technology
11.18 Trendnet
11.19 Linksys
11.20 Time
11.21 Allied Telesis
11.22 Check Point
11.23 Inventum
11.24 Drivenets
11.25 Access
11.26 Connectify

12 Appendix

List of Tables

Table 1 United States Dollar Exchange Rate, 2015–2017
Table 2 Global Virtual Router Market Size and Growth Rate, 2016–2023 (USD Million, Y-O-Y %)
Table 3 Global Mobile Data Traffic, 2016–2021
Table 4 Market Size By Component, 2016–2023 (USD Million)
Table 5 Market Size By Solution, 2016–2023 (USD Million)
Table 6 Solution: Market Size By Region, 2016–2023 (USD Million)
Table 7 Integrated Solution: Market Size By Region, 2016–2023 (USD Million)
Table 8 Standalone Solution: Market Size By Region, 2016–2023 (USD Million)
Table 9 Virtual Router Market Size, By Service, 2016–2023 (USD Million)
Table 10 Service: Market Size By Region, 2016–2023 (USD Million)
Table 11 Professional Services: Market Size By Region, 2016–2023 (USD Million)
Table 12 Managed Services: Market Size By Region, 2016–2023 (USD Million)
Table 13 Virtual Router Market Size, By Type, 2016–2023 (USD Million)
Table 14 Custom: Market Size By Region, 2016–2023 (USD Million)
Table 15 Predefined: Market Size By Region, 2016–2023 (USD Million)
Table 16 Market Size By End-User, 2016–2023 (USD Million)
Table 17 Market Size By Service Provider, 2016–2023 (USD Million)
Table 18 Service Provider: Market Size By Region, 2016–2023 (USD Million)
Table 19 Telecom: Market Size By Region, 2016–2023 (USD Million)
Table 20 Data Center: Market Size By Region, 2016–2023 (USD Million)
Table 21 Cloud: Market Size By Region, 2016–2023 (USD Million)
Table 22 Enterprises: Market Size By Region, 2016–2023 (USD Million)
Table 23 Virtual Router Market Size, By Region, 2016–2023 (USD Million)
Table 24 North America: Market Size By Country, 2016–2023 (USD Million)
Table 25 North America: Market Size By Type, 2016–2023 (USD Million)
Table 26 North America: Market Size By Component, 2016–2023 (USD Million)
Table 27 North America: Market Size By Solution, 2016–2023 (USD Million)
Table 28 North America: Market Size By Service, 2016–2023 (USD Million)
Table 29 North America: Market Size By End-User, 2016–2023 (USD Million)
Table 30 North America: Market Size By Service Provider, 2016–2023 (USD Million)
Table 31 Europe: Virtual Router Market Size, By Country, 2016–2023 (USD Million)
Table 32 Europe: Market Size By Type, 2016–2023 (USD Million)
Table 33 Europe: Market Size By Component, 2016–2023 (USD Million)
Table 34 Europe: Market Size By Solution, 2016–2023 (USD Million)
Table 35 Europe: Market Size By Service, 2016–2023 (USD Million)
Table 36 Europe: Market Size By End-User, 2016–2023 (USD Million)
Table 37 Europe: Market Size By Service Provider, 2016–2023 (USD Million)
Table 38 Asia Pacific: Virtual Router Market Size, By Country, 2016–2023 (USD Million)
Table 39 Asia Pacific: Market Size By Type, 2016–2023 (USD Million)
Table 40 Asia Pacific: Market Size By Component, 2016–2023 (USD Million)
Table 41 Asia Pacific: Market Size By Solution, 2016–2023 (USD Million)
Table 42 Asia Pacific: Market Size By Service, 2016–2023 (USD Million)
Table 43 Asia Pacific: Market Size By End-User, 2016–2023 (USD Million)
Table 44 Asia Pacific: Market Size By Service Provider, 2016–2023 (USD Million)
Table 45 Rest of the World: Virtual Router Market Size, By Country, 2016–2023 (USD Million)
Table 46 Rest of the World: Market Size By Type, 2016–2023 (USD Million)
Table 47 Rest of the World: Market Size By Component, 2016–2023 (USD Million)
Table 48 Rest of the World: Market Size By Solution, 2016–2023 (USD Million)
Table 49 Rest of the World: Market Size By Service, 2016–2023 (USD Million)
Table 50 Rest of the World: Market Size By End-User, 2016–2023 (USD Million)
Table 51 Rest of the World: Market Size By Service Provider, 2016–2023 (USD Million)
Table 52 New Product/Service Launches and Upgradations, 2018–2014
Table 53 Partnerships, Collaborations, and Agreements, 2018–2015
Table 54 Mergers and Acquisitions, 2018–2016

List of Figures

Figure 1 Global Virtual Router Market Segmentation
Figure 2 Global Market Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Virtual Router Market: Assumptions
Figure 8 Market Snapshot By Component
Figure 9 Market Snapshot By Solution (2023)
Figure 10 Market Snapshot By Service (2018–2023)
Figure 11 Market Snapshot By Type (2018–2023)
Figure 12 Market Snapshot By End-User
Figure 13 Market Snapshot By Service Provider
Figure 14 Market: Regional Snapshot
Figure 15 Increasing Demand to Reduce Capex and OPEX is One of the Major Factors Expected to Drive the Growth of the Virtual Router Market During the Forecast Period
Figure 16 Cloud Service Providers Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 17 Asia Pacific is Projected to Register the Highest Growth Potential By 2023
Figure 18 Asia Pacific is Expected to Emerge as the Best Opportunity Market for Investments in the Next 5 Years
Figure 19 Virtual Router Market: Drivers, Restraints, Opportunities, and Challenges
Figure 20 Service Segment is Expected to Register A Higher CAGR During the Forecast Period
Figure 21 Standalone Solution is Expected to Register A Higher CAGR During the Forecast Period
Figure 22 Professional Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 23 Custom Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 24 Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 25 Cloud Service Providers Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 26 North America is Expected to Account for the Largest Market Size During the Forecast Period
Figure 27 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 28 North America: Market Snapshot
Figure 29 Asia Pacific: Market Snapshot
Figure 30 Key Developments of the Major Players in the Virtual Router Market During 2016–2018
Figure 31 Cisco: Company Snapshot
Figure 32 Cisco: SWOT Analysis
Figure 33 Ericsson: Company Snapshot
Figure 34 Ericsson: SWOT Analysis
Figure 35 Huawei: Company Snapshot
Figure 36 Huawei: SWOT Analysis
Figure 37 Nokia: Company Snapshot
Figure 38 Nokia: SWOT Analysis
Figure 39 Juniper Networks: Company Snapshot
Figure 40 Juniper Networks: SWOT Analysis
Figure 41 IBM: Company Snapshot
Figure 42 HPE: Company Snapshot
Figure 43 Arista Networks: Company Snapshot
Figure 44 ZTE Corporation: Company Snapshot
Figure 45 Palo Alto Networks: Company Snapshot
Figure 46 Time: Company Snapshot
Figure 47 Check Point Software: Company Snapshot

Note: Product cover images may vary from those shown
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  • Cisco
  • Ericsson
  • Huawei Technologies
  • Nokia
  • Juniper Networks
  • IBM
  • Netelastic
  • Brocade
  • HPE
  • Arista Networks
  • ZTE Corporation
  • Carbyne
  • Palo Alto Networks
  • Ross Video
  • 6wind
  • 128 Technology
  • Trendnet
  • Linksys
  • Time
  • Allied Telesis
  • Check Point
  • Inventum
  • Drivenets
  • Access
  • Connectify
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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