Virtual Router Market: Current Analysis and Forecast (2022-2030)

A virtual router is a software-based routing framework that gives the host machine the ability to act like a traditional hardware router over a local area network. Virtual routers are more cost effective as compared wih the physical routers. Moreover they are easy and quick to set up. In addition, they don't require physical access to the router to be easily configured or updated remotely. Second, virtual switches are more adaptable than conventional equipment switches.

The Virtual Router Market is expected to grow at a strong CAGR of 23.35% during the forecast period owing to the rise in the need of improving network agility and efficiency globally. Moreover, the increments in demand for requirements like agile, scalable, efficient, and cost-effective cloud network solutions along with virtual router solutions are accelerating the market. For instance, Huawei recently launched NetEngine AR1000V Virtual Router that converts traditional enterprise networks into Software-Defined Wide-Area-Networks (SD WANs).

Based on components, the market is bifurcated into solutions and services. Among these, the solution segment holds the highest share of the market as it includes both actual software and hardware into consideration that enables virtual routing functionality, which is the center of the virtual router market.

Based on type, the market is bifurcated into custom and predefined. The increasing demand for software-defined networking and network function virtualization has propelled the demand for this segment over the forecast period. Moreover, the increasing need for mobility is also fueling the growth of the segment. Furthermore, the feature of creating and configuring additional virtual routers into another virtual routing device as per the requirement is increasing the adoption of the virtual router market.

Based on the end-users, the market is segmented into telecom providers, cloud providers, and enterprises. Among these, the enterprise segment is leading the market as the demand for cost-effective solutions for network hardware management is rising. The rise of the need to easily and securely share information over different connected networks is further fueling the demand for this market. For instance, ADVA's Ensemble SmartWAN recently launched a virtual router that gives businesses the advantages of SD-WAN without the complexity and high expense.

For a better understanding of the market adoption of the Industrial Relay industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Korea, and Rest of Asia-Pacific), Rest of World. North America's provincial market is anticipated to be overwhelmed by the US, Canada, and Mexico, which are additionally anticipated to have the quickest paces of financial development. The adoption of virtual routers by service providers is fueling market expansion, and the industry is receiving significant investment from several well-known key companies, such as IBM Corporation, Juniper Networks, Cisco Networks, and others. A number of industries, including healthcare, IT and telecommunications, BFSI, and government agencies, are also contributing to the industry by implementing virtual routing in this region.

Some of the major players operating in the market include: Cisco Systems, Inc., Ericsson Inc., Huawei Technologies Co., Ltd., Nokia Corporation, Juniper Networks, Inc., Brocade Communications Systems, Inc., IBM, Microsoft Azure, Google LLC, and Netronome.