PUBLISHER: IMARC | PRODUCT CODE: 1298725
PUBLISHER: IMARC | PRODUCT CODE: 1298725
Virtual Router Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global virtual router market size reached US$ 220.6 Million in 2022. Looking forward, IMARC Group 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.
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:
IMARC Group 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 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Virtual Router Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Solution
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Service
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Type
- 7.1 Pre-defined
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Custom
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by End User
- 8.1 Service Provider
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Enterprise
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 6WIND
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Allied Telesis Inc.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.3 Arista Networks Inc.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.4 Check Point Software Technologies Ltd.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Cisco Systems Inc.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Hewlett Packard Enterprise Company
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Huawei Technologies Co. Ltd.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 International Business Machines Corporation
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Juniper Networks Inc.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Nokia Corporation
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Palo Alto Networks Inc.
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 ZTE Corporation
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.1 6WIND
List of Figures
- Figure 1: Global: Virtual Router Market: Major Drivers and Challenges
- Figure 2: Global: Virtual Router Market: Sales Value (in Million US$), 2017-2022
- Figure 3: Global: Virtual Router Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 4: Global: Virtual Router Market: Breakup by Component (in %), 2022
- Figure 5: Global: Virtual Router Market: Breakup by Type (in %), 2022
- Figure 6: Global: Virtual Router Market: Breakup by End User (in %), 2022
- Figure 7: Global: Virtual Router Market: Breakup by Region (in %), 2022
- Figure 8: Global: Virtual Router (Solution) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Virtual Router (Solution) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Virtual Router (Service) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Virtual Router (Service) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Virtual Router (Pre-defined) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Virtual Router (Pre-defined) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Virtual Router (Custom) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Virtual Router (Custom) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Virtual Router (Service Provider) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Virtual Router (Service Provider) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Virtual Router (Enterprise) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Virtual Router (Enterprise) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: North America: Virtual Router Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: North America: Virtual Router Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: United States: Virtual Router Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: United States: Virtual Router Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Canada: Virtual Router Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Canada: Virtual Router Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Asia-Pacific: Virtual Router Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Asia-Pacific: Virtual Router Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: China: Virtual Router Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: China: Virtual Router Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Japan: Virtual Router Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Japan: Virtual Router Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: India: Virtual Router Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: India: Virtual Router Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: South Korea: Virtual Router Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: South Korea: Virtual Router Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Australia: Virtual Router Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Australia: Virtual Router Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Indonesia: Virtual Router Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Indonesia: Virtual Router Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Others: Virtual Router Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Others: Virtual Router Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Europe: Virtual Router Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Europe: Virtual Router Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Germany: Virtual Router Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Germany: Virtual Router Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: France: Virtual Router Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: France: Virtual Router Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: United Kingdom: Virtual Router Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: United Kingdom: Virtual Router Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Italy: Virtual Router Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Italy: Virtual Router Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Spain: Virtual Router Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Spain: Virtual Router Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Russia: Virtual Router Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Russia: Virtual Router Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Others: Virtual Router Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Others: Virtual Router Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Latin America: Virtual Router Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Latin America: Virtual Router Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Brazil: Virtual Router Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Brazil: Virtual Router Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Mexico: Virtual Router Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Mexico: Virtual Router Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Others: Virtual Router Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Others: Virtual Router Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Middle East and Africa: Virtual Router Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Middle East and Africa: Virtual Router Market: Breakup by Country (in %), 2022
- Figure 68: Middle East and Africa: Virtual Router Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Global: Virtual Router Industry: SWOT Analysis
- Figure 70: Global: Virtual Router Industry: Value Chain Analysis
- Figure 71: Global: Virtual Router Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Virtual Router Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Virtual Router Market Forecast: Breakup by Component (in Million US$), 2023-2028
- Table 3: Global: Virtual Router Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 4: Global: Virtual Router Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 5: Global: Virtual Router Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Virtual Router Market: Competitive Structure
- Table 7: Global: Virtual Router Market: Key Players
