The global virtual router market size reached US$ 220.6 Million in 2022. Looking forward, the publisher expects the market to reach US$ 745.4 Million by 2028, exhibiting a growth rate (CAGR) of 21.7% during 2023-2028.
A virtual router is a scalable and flexible software-based routing framework that enables the host machine to operate as a conventional hardware router over a local area network. It is identified with a unique virtual router identifier (VRID) that is present at the last byte of the address. As it can lower hardware costs and help develop new applications rapidly and process packets in real-time, a virtual router finds extensive applications in the telecommunications industry across the globe.
2. What is the expected growth rate of the global virtual router market during 2023-2028?
3. What are the key factors driving the global virtual router market?
4. What has been the impact of COVID-19 on the global virtual router market?
5. What is the breakup of the global virtual router market based on the component?
6. What is the breakup of the global virtual router market based on the type?
7. What is the breakup of the global virtual router market based on the end user?
8. What are the key regions in the global virtual router market?
9. Who are the key players/companies in the global virtual router market?
A virtual router is a scalable and flexible software-based routing framework that enables the host machine to operate as a conventional hardware router over a local area network. It is identified with a unique virtual router identifier (VRID) that is present at the last byte of the address. As it can lower hardware costs and help develop new applications rapidly and process packets in real-time, a virtual router finds extensive applications in the telecommunications industry across the globe.
Virtual Router Market Trends:
At present, there is a considerable increase in the adoption of virtual routers by communication service providers (CSPs). This in confluence with the rising popularity of software-defined networking (SDN) and network functions virtualization (NFV), represents one of the key factors bolstering the market growth. Moreover, virtual routers assist in developing, prototyping, and testing new communication subsystems. These routers can also aid in distance learning and are consequently utilized as tools that enable students to perform virtual experiments. This, coupled with the rapid expansion of data centres, is catalysing the demand for virtual routers around the world. Apart from this, these routers provide increased network speed, faster acquisition of data, and safer storage networks. In addition, they help reduce the total cost of ownership (TCO) by lowering capital expenditures (CAPEX) and operating expenses (OPEX) of businesses from different industry verticals. These product benefits, along with technological advancements, including the implementation of virtual router redundancy protocol (VRRP) to separate traffic and improve network security, are strengthening the market growth. Other factors, such as improving 5G infrastructure and the increasing requirement for cloud-based services worldwide, are creating a positive outlook for the market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global virtual router market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, type and end user.Breakup by Component:
- Solution
- Service
Breakup by Type:
- Pre-defined
- Custom
Breakup by End User:
- Service Provider
- Enterprise
Breakup by Region:
North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 6WIND, Allied Telesis Inc., Arista Networks Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Hewlett Packard Enterprise Company, Huawei Technologies Co. Ltd., International Business Machines Corporation, Juniper Networks Inc., Nokia Corporation, Palo Alto Networks Inc. and ZTE Corporation.Key Questions Answered in This Report
1. What was the size of the global virtual router market in 2022?2. What is the expected growth rate of the global virtual router market during 2023-2028?
3. What are the key factors driving the global virtual router market?
4. What has been the impact of COVID-19 on the global virtual router market?
5. What is the breakup of the global virtual router market based on the component?
6. What is the breakup of the global virtual router market based on the type?
7. What is the breakup of the global virtual router market based on the end user?
8. What are the key regions in the global virtual router market?
9. Who are the key players/companies in the global virtual router market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Virtual Router Market
6 Market Breakup by Component
7 Market Breakup by Type
8 Market Breakup by End User
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 6WIND
- Allied Telesis Inc.
- Arista Networks Inc.
- Check Point Software Technologies Ltd.
- Cisco Systems Inc.
- Hewlett Packard Enterprise Company
- Huawei Technologies Co. Ltd.
- International Business Machines Corporation
- Juniper Networks Inc.
- Nokia Corporation
- Palo Alto Networks Inc.
- ZTE Corporation.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 149 |
| Published | June 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 220.6 Million |
| Forecasted Market Value ( USD | $ 745.4 Million |
| Compound Annual Growth Rate | 22.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
