According to the latest report by IMARC Group, “Global Virtual Router Market Share, Size, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, the global virtual router market reached a value of US$ 176.6 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 614.6 Million by 2027, exhibiting a CAGR of 22.30% during 2022-2027.
A virtual router is an ascendable and pliable software-based routing structure that allows the host machine to function as a conventional hardware router over a local area network. It is recognized with a distinctive virtual router identifier (VRID), which is present at the last byte of the address. Due to its potential to reduce hardware costs and help develop new applications, it is widely used in the telecommunication industry.
Virtual Router Market Trends and Drivers:
One of the primary factors driving the market is the significant rise in the acceptance of virtual routers by communication service providers (CSPs), along with the increase in the adoption of software-defined networking (SDN) and network functions virtualization (NFV). In line with this, virtual routers help prototype, develop and test new communication subsystems. Moreover, they also aid in diminishing the total cost of ownership (TCO) by lowering the capital expenditures (CAPEX) and operating expenses (OPEX) of businesses from various industries.
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Besides this, the utilization of virtual routers has increased to assist in distance learning and thus used as tools that allow students to perform virtual experiments. Besides this, the technological development, and the fulfillment of virtual router redundancy protocol (VRRP) to segregate traffic and enhance network security are influencing the market growth. Several other growth-inducing factors are the speedy expansion of data centers, rise in the need for cloud-based services across the globe and improving 5G infrastructure.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Virtual Router Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- 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.
The report has segmented the market on the basis of region, component, type and end user.
Breakup by Component:
- Also, Service
Breakup by Type:
The Breakup by End User:
- Service Provider
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)
- Also, Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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