According to the latest report by IMARC Group, “Global Virtual Router Market Trends, Share, Growth, Industry Size, 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 represents the flexible and scalable software-based routing framework that allows the host machine to operate as a traditional hardware router over a local area network. It is usually identified with a unique virtual router identifier (VRID) present at the last byte of the address. The virtual router minimizes the hardware costs and assists in distance learning, developing, prototyping, and testing new communication subsystems in real-time. Consequently, it finds wide-ranging applications in the telecommunications industry across the globe.
|Base Year: 2021|
|Forecast Year: 2022-2027|
Virtual Router Market Trends and Drivers:
The inflating popularity of network functions virtualization (NFV) and software-defined networking (SDN) is primarily driving the virtual router market. Additionally, the growing number of data centers is augmenting the adoption of virtual router that provides increased network speed, faster acquisition of data, safer storage networks, etc.
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This, in turn, is further catalyzing the market growth. Moreover, the rising utilization of virtual router as a tool for enabling the students to perform numerous virtual experiments is acting as another significant growth-inducing factor.
Apart from this, several technological advancements, such as the introduction of virtual router redundancy protocol (VRRP) to separate traffic and enhance network security, are also positively influencing the global market. Furthermore, the escalating demand for cloud-based services, along with the improving 5G infrastructures, is anticipated to fuel the virtual router market over the forecasted period.
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. and ZTE Corporation.
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The report has segmented the market on the basis of region, component, type and end user.
Breakup by Component:
Breakup by Type:
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)
- 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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