PUBLISHER: TechSci Research | PRODUCT CODE: 1348761
PUBLISHER: TechSci Research | PRODUCT CODE: 1348761
Virtual Router Market - Global Industry Size, Share, Trends, Opportunity, and Forecast. 2018-2028F Segmented By Component (Solution, Service), By Type (Custom, Predefined), By End Users (Service Providers, Enterprises), By Region, Competition
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Global Virtual Router market is anticipated to thrive in the forecast period 2024-2028. One of the major factors fueling the growth of the virtual router market is the rising need for mobility across the globe. The increased demand for flexible, scalable, and affordable cloud networking solutions, as well as the rising demand for virtual router solutions as more businesses are anticipated to adopt multi-cloud architectures, are factors driving the market's expansion. The requirement for service providers to increase network agility and efficient scale out, as well as the increase in demand for software-defined networking (SDN), are other factors that are further impacting the market.
Additionally, the market for virtual routers is positively impacted by the rise in IoT usage, increased system availability, rapid digitalization, rise in linked devices, and shift in consumer choice. Additionally, the rise in demand for private clouds and the use of virtual router technology by small and medium-sized businesses provide lucrative prospects to market participants during the projection period.
A software-based routing system called a virtual router allows the host computer to function across a local area network much like a standard hardware router. It is scalable and adaptable. The last byte of the address contains a special virtual router identifier (VRID) that serves as its identification. A virtual router has a wide range of uses in the global telecommunications sector since it can reduce hardware costs, speed up the development of new applications, and process packets in real-time.
| Market Overview | |
|---|---|
| Forecast Period | 2024-2028 |
| Market Size 2022 | USD 198 Million |
| Market Size 2028 | USD 778.07 Million |
| CAGR (2023-2028) | 25.62% |
| Fastest Growing Segment | Service Providers |
| Largest Market | Asia-Pacific |
Increased Demand for Service Providers to Increase Network Agility and Effectively Scale Out
Increased need for more effective scale-out and improved network agility is anticipated to fuel market expansion. The edge network of communication service providers can easily and quickly scale up their bandwidth and services thanks to virtual routing (CSPs). On its network edge, CSPs use a mix of hardware routers and appliances. This deployment architecture is typically geared for centralised service delivery and high traffic volumes. For low-bandwidth applications, though, this can be ineffective and expensive, posing an artificial barrier to entry for new services and markets. Thus, CSPs feel the necessity to deploy virtual routers for dispersed edge designs and agile service of lower bandwidth applications. Virtual routers are also used for low-risk growth into new markets and regions as well as short-term service requirements related to unique events. Additionally, as a component of managed service offerings, as well as in the transition to NFV and SDN, communication service providers utilise virtual routers to offload control plane-intensive protocols from physical routers. In order to offer specialised services, virtual routers, for example, can be deployed as a VNF on a COTS server together with other VNFs enabling firewall, application acceleration, IPsec, network address translation, and others. With this strategy, Layer 3 CPEs are swapped out with less expensive, simpler Layer 2 CPE devices, resulting in cheaper capex and opex.
Demand for Lower Total Cost of Ownership (TCO)
Since they offer so many advantages over traditional routers, virtual routers are a highly effective solution. For instance, reducing an organization's capex and opex will reduce the total cost of ownership (TCO).
Equipment, operational, and facility costs can be decreased with the use of cloud-based virtual routers. Additionally, network functions virtualization (NFV) and cloud computing can help manage rapid demand growth while lowering capital and operating costs (capex and opex). Thus, service providers are giving it more consideration. These savings significantly reduce the total cost of ownership (TCO) for service providers and boost agility, both of which are essential for thriving in the current difficult telecom environment. Additionally, virtualizing programmes makes complex procedures simpler, increasing agility and adaptability. Examples include scaling, healing, and software upgrades.
Market Segmentation
Global Virtual Router market is segmented by component, type, and end users. On the basis of component, the market is further segmented into solution and service. On the basis of type, the market is further divided into Custom and Predefined. On the basis of end users, market is further segmented into Service Providers and Enterprises.
Market Player
Major market players in the global Virtual Router market are Juniper Networks, Inc, Telefonaktiebolaget LM Ericsson Broadcom Inc., 6WIND, Huawei Technologies Co., Ltd., Hewlett Packard Enterprise Development LP, IBM Corporation, Cisco Systems, Inc., Nokia Corporation, 128 Technology.
Report Scope:
In this report, the Global Virtual Router market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Virtual Router Market, By Component:
- Solution
- Service
Virtual Router Market, By Type:
- Custom
- Predefined
Virtual Router Market, By End Users:
- Service Providers
- Enterprises
Virtual Router Market, By Region:
- North America
- United States
- Canada
- Mexico
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Malaysia
- Europe
- Germany
- United Kingdom
- France
- Russia
- Spain
- Belgium
- Italy
- South America
- Brazil
- Argentina
- Colombia
- Peru
- Chile
- Middle East
- Saudi Arabia
- South Africa
- UAE
- Israel
- Turkey
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Virtual Router market.
Available Customizations
Global Virtual Router market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on Global Virtual Router Market
4. Executive Summary
5. Voice of Customers
6. Global Virtual Router Market Outlook
- 6.1. Market Size & Forecast
- 6.1.1. By Value
- 6.2. Market Share & Forecast
- 6.2.1. By Component (Solution, Service)
- 6.2.2. By Type (Custom, Predefined)
- 6.2.3. By End Users (Service Providers, Enterprises)
- 6.2.4. By Region
- 6.2.5. By Company
- 6.3. Market Map
7. North America Virtual Router Market Outlook
- 7.1. Market Size & Forecast
- 7.1.1. By Value
- 7.2. Market Share & Forecast
- 7.2.1. By Component
- 7.2.2. By Type
- 7.2.3. By End Users
- 7.2.4. By Country
- 7.3. North America: Country Analysis
- 7.3.1. United States Virtual Router Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.1.1. By Value
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Component
- 7.3.1.2.2. By Type
- 7.3.1.2.3. By End Users
- 7.3.1.1. Market Size & Forecast
- 7.3.2. Canada Virtual Router Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.1.1. By Value
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Component
- 7.3.2.2.2. By Type
- 7.3.2.2.3. By End Users
- 7.3.2.1. Market Size & Forecast
- 7.3.3. Mexico Virtual Router Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.1.1. By Value
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Component
- 7.3.3.2.2. By Type
- 7.3.3.2.3. By End Users
- 7.3.3.1. Market Size & Forecast
- 7.3.1. United States Virtual Router Market Outlook
8. Asia-Pacific Virtual Router Market Outlook
- 8.1. Market Size & Forecast
- 8.1.1. By Value
- 8.2. Market Share & Forecast
- 8.2.1. By Component
- 8.2.2. By Type
- 8.2.3. By End Users
- 8.2.4. By Country
- 8.3. Asia-Pacific: Country Analysis
- 8.3.1. China Virtual Router Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.1.1. By Value
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Component
- 8.3.1.2.2. By Type
- 8.3.1.2.3. By End Users
- 8.3.1.1. Market Size & Forecast
- 8.3.2. India Virtual Router Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.1.1. By Value
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. Component
- 8.3.2.2.2. By Type
- 8.3.2.2.3. By End Users
- 8.3.2.1. Market Size & Forecast
- 8.3.3. Japan Virtual Router Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.1.1. By Value
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Component
- 8.3.3.2.2. By Type
- 8.3.3.2.3. By End Users
- 8.3.3.1. Market Size & Forecast
- 8.3.4. South Korea Virtual Router Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.1.1. By Value
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Component
- 8.3.4.2.2. By Type
- 8.3.4.2.3. By End Users
- 8.3.4.1. Market Size & Forecast
- 8.3.5. Australia Virtual Router Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.1.1. By Value
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Component
- 8.3.5.2.2. By Type
- 8.3.5.2.3. By End Users
- 8.3.5.1. Market Size & Forecast
- 8.3.6. Singapore Virtual Router Market Outlook
- 8.3.6.1. Market Size & Forecast
- 8.3.6.1.1. By Value
- 8.3.6.2. Market Share & Forecast
- 8.3.6.2.1. By Component
- 8.3.6.2.2. By Type
- 8.3.6.2.3. By End Users
- 8.3.6.1. Market Size & Forecast
- 8.3.7. Malaysia Virtual Router Market Outlook
- 8.3.7.1. Market Size & Forecast
- 8.3.7.1.1. By Value
- 8.3.7.2. Market Share & Forecast
- 8.3.7.2.1. By Component
- 8.3.7.2.2. By Type
- 8.3.7.2.3. By End Users
- 8.3.7.1. Market Size & Forecast
- 8.3.1. China Virtual Router Market Outlook
9. Europe Virtual Router Market Outlook
- 9.1. Market Size & Forecast
- 9.1.1. By Value
- 9.2. Market Share & Forecast
- 9.2.1. By Component
- 9.2.2. By Type
- 9.2.3. By End Users
- 9.2.4. By Country
- 9.3. Europe: Country Analysis
- 9.3.1. Germany Virtual Router Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.1.1. By Value
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Component
- 9.3.1.2.2. By Type
- 9.3.1.2.3. By End Users
- 9.3.1.1. Market Size & Forecast
- 9.3.2. United Kingdom Virtual Router Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.1.1. By Value
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Component
- 9.3.2.2.2. By Type
- 9.3.2.2.3. By End Users
- 9.3.2.1. Market Size & Forecast
- 9.3.3. France Virtual Router Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.1.1. By Value
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Component
- 9.3.3.2.2. By Type
- 9.3.3.2.3. By End Users
- 9.3.3.1. Market Size & Forecast
- 9.3.4. Russia Virtual Router Market Outlook
- 9.3.4.1. Market Size & Forecast
- 9.3.4.1.1. By Value
- 9.3.4.2. Market Share & Forecast
- 9.3.4.2.1. By Component
- 9.3.4.2.2. By Type
- 9.3.4.2.3. By End Users
- 9.3.4.1. Market Size & Forecast
- 9.3.5. Spain Virtual Router Market Outlook
- 9.3.5.1. Market Size & Forecast
- 9.3.5.1.1. By Value
- 9.3.5.2. Market Share & Forecast
- 9.3.5.2.1. By Component
- 9.3.5.2.2. By Type
- 9.3.5.2.3. By End Users
- 9.3.5.1. Market Size & Forecast
- 9.3.6. Belgium Virtual Router Market Outlook
- 9.3.6.1. Market Size & Forecast
- 9.3.6.1.1. By Value
- 9.3.6.2. Market Share & Forecast
- 9.3.6.2.1. By Component
- 9.3.6.2.2. By Type
- 9.3.6.2.3. By End Users
- 9.3.6.1. Market Size & Forecast
- 9.3.7. Italy Virtual Router Market Outlook
- 9.3.7.1. Market Size & Forecast
- 9.3.7.1.1. By Value
- 9.3.7.2. Market Share & Forecast
- 9.3.7.2.1. By Component
- 9.3.7.2.2. By Type
- 9.3.7.2.3. By End Users
- 9.3.7.1. Market Size & Forecast
- 9.3.1. Germany Virtual Router Market Outlook
10. South America Virtual Router Market Outlook
- 10.1. Market Size & Forecast
- 10.1.1. By Value
- 10.2. Market Share & Forecast
- 10.2.1. By Component
- 10.2.2. By Type
- 10.2.3. By End Users
- 10.2.4. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Virtual Router Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.1.1. By Value
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Component
- 10.3.1.2.2. By Type
- 10.3.1.2.3. By End Users
- 10.3.1.1. Market Size & Forecast
- 10.3.2. Argentina Virtual Router Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.1.1. By Value
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Component
- 10.3.2.2.2. By Type
- 10.3.2.2.3. By End Users
- 10.3.2.1. Market Size & Forecast
- 10.3.3. Colombia Virtual Router Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.1.1. By Value
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Component
- 10.3.3.2.2. By Type
- 10.3.3.2.3. By End Users
- 10.3.3.1. Market Size & Forecast
- 10.3.4. Peru Virtual Router Market Outlook
- 10.3.4.1. Market Size & Forecast
- 10.3.4.1.1. By Value
- 10.3.4.2. Market Share & Forecast
- 10.3.4.2.1. By Component
- 10.3.4.2.2. By Type
- 10.3.4.2.3. By End Users
- 10.3.4.1. Market Size & Forecast
- 10.3.5. Chile Virtual Router Market Outlook
- 10.3.5.1. Market Size & Forecast
- 10.3.5.1.1. By Value
- 10.3.5.2. Market Share & Forecast
- 10.3.5.2.1. By Component
- 10.3.5.2.2. By Type
- 10.3.5.2.3. By End Users
- 10.3.5.1. Market Size & Forecast
- 10.3.1. Brazil Virtual Router Market Outlook
11. Middle East & Africa Virtual Router Market Outlook
- 11.1. Market Size & Forecast
- 11.1.1. By Value
- 11.2. Market Share & Forecast
- 11.2.1. By Component
- 11.2.2. By Type
- 11.2.3. By End Users
- 11.2.4. By Country
- 11.3. Middle East & Africa: Country Analysis
- 11.3.1. Saudi Arabia Virtual Router Market Outlook
- 11.3.1.1. Market Size & Forecast
- 11.3.1.1.1. By Value
- 11.3.1.2. Market Share & Forecast
- 11.3.1.2.1. By Component
- 11.3.1.2.2. By Type
- 11.3.1.2.3. By End Users
- 11.3.1.1. Market Size & Forecast
- 11.3.2. South Africa Virtual Router Market Outlook
- 11.3.2.1. Market Size & Forecast
- 11.3.2.1.1. By Value
- 11.3.2.2. Market Share & Forecast
- 11.3.2.2.1. By Component
- 11.3.2.2.2. By Type
- 11.3.2.2.3. By End Users
- 11.3.2.1. Market Size & Forecast
- 11.3.3. UAE Virtual Router Market Outlook
- 11.3.3.1. Market Size & Forecast
- 11.3.3.1.1. By Value
- 11.3.3.2. Market Share & Forecast
- 11.3.3.2.1. By Component
- 11.3.3.2.2. By Type
- 11.3.3.2.3. By End Users
- 11.3.3.1. Market Size & Forecast
- 11.3.4. Israel Virtual Router Market Outlook
- 11.3.4.1. Market Size & Forecast
- 11.3.4.1.1. By Value
- 11.3.4.2. Market Share & Forecast
- 11.3.4.2.1. By Component
- 11.3.4.2.2. By Type
- 11.3.4.2.3. By End Users
- 11.3.4.1. Market Size & Forecast
- 11.3.5. Turkey Virtual Router Market Outlook
- 11.3.5.1. Market Size & Forecast
- 11.3.5.1.1. By Value
- 11.3.5.2. Market Share & Forecast
- 11.3.5.2.1. By Component
- 11.3.5.2.2. By Type
- 11.3.5.2.3. By End Users
- 11.3.5.1. Market Size & Forecast
- 11.3.1. Saudi Arabia Virtual Router Market Outlook
12. Market Dynamics
- 12.1. Drivers
- 12.2. Challenges
13. Market Trends & Developments
14. Company Profiles
- 14.1. Juniper Networks, Inc
- 14.1.1. Business Overview
- 14.1.2. Key Revenue and Financials
- 14.1.3. Recent Developments
- 14.1.4. Key Personnel
- 14.1.5. Key Product/Services
- 14.2. Telefonaktiebolaget LM Ericsson
- 14.2.1. Business Overview
- 14.2.2. Key Revenue and Financials
- 14.2.3. Recent Developments
- 14.2.4. Key Personnel
- 14.2.5. Key Product/Services
- 14.3. Broadcom Inc.
- 14.3.1. Business Overview
- 14.3.2. Key Revenue and Financials
- 14.3.3. Recent Developments
- 14.3.4. Key Personnel
- 14.3.5. Key Product/Services
- 14.4. 6WIND
- 14.4.1. Business Overview
- 14.4.2. Key Revenue and Financials
- 14.4.3. Recent Developments
- 14.4.4. Key Personnel
- 14.4.5. Key Product/Services
- 14.5. Huawei Technologies Co., Ltd.
- 14.5.1. Business Overview
- 14.5.2. Key Revenue and Financials
- 14.5.3. Recent Developments
- 14.5.4. Key Personnel
- 14.5.5. Key Product/Services
- 14.6. Hewlett Packard Enterprise Development LP
- 14.6.1. Business Overview
- 14.6.2. Key Revenue and Financials
- 14.6.3. Recent Developments
- 14.6.4. Key Personnel
- 14.6.5. Key Product/Services
- 14.7. IBM Corporation
- 14.7.1. Business Overview
- 14.7.2. Key Revenue and Financials
- 14.7.3. Recent Developments
- 14.7.4. Key Personnel
- 14.7.5. Key Product/Services
- 14.8. Cisco Systems, Inc.
- 14.8.1. Business Overview
- 14.8.2. Key Revenue and Financials
- 14.8.3. Recent Developments
- 14.8.4. Key Personnel
- 14.8.5. Key Product/Services
- 14.9. Nokia Corporation
- 14.9.1. Business Overview
- 14.9.2. Key Revenue and Financials
- 14.9.3. Recent Developments
- 14.9.4. Key Personnel
- 14.9.5. Key Product/Services
- 14.10. 128 Technology
- 14.10.1. Business Overview
- 14.10.2. Key Revenue and Financials
- 14.10.3. Recent Developments
- 14.10.4. Key Personnel
- 14.10.5. Key Product/Services
15. Strategic Recommendations
16. About Us & Disclaimer
