Market Research Report
|Published by||Global Industry Analysts, Inc.||Product code||994920|
|Published||Content info||210 Pages
Delivery time: 1-2 business days
|Published: April 1, 2021||Content info: 210 Pages||
Global Virtual Routers Market to Reach $561.5 Million by 2027
Amid the COVID-19 crisis, the global market for Virtual Routers estimated at US$157 Million in the year 2020, is projected to reach a revised size of US$561.5 Million by 2027, growing at aCAGR of 20% over the period 2020-2027. Solutions, one of the segments analyzed in the report, is projected to record 19.2% CAGR and reach US$355.8 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 21.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $46.8 Million, While China is Forecast to Grow at 19.6% CAGR
The Virtual Routers market in the U.S. is estimated at US$46.8 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$98.9 Million by the year 2027 trailing a CAGR of 19.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.8% and 17% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14% CAGR.
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