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Virtual Router Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

June 2023 | 149 pages | ID: V1801A3698E7EN
IMARC Group

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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?
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
9.2 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
9.3 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
9.4 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
9.5 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

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


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


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