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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

September 2023 | 180 pages | ID: VEC508AE1BD1EN
TechSci Research

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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.

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, Tech Sci 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).
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
  7.3.2. 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
  7.3.3. 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

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
  8.3.2. 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
  8.3.3. 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
  8.3.4. 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
  8.3.5. 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
  8.3.6. 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
  8.3.7. 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

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
  9.3.2. 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
  9.3.3. 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
  9.3.4. 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
  9.3.5. 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
  9.3.6. 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
  9.3.7. 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

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
  10.3.2. 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
  10.3.3. 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
  10.3.4. 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
  10.3.5. 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

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
  11.3.2. 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
  11.3.3. 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
  11.3.4. 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
  11.3.5. 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

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


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