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Press Release:

Global Virtual Router Market to Reach US$ 614.6 Million by 2027, Propelled by Increasing Adoption of Cloud-Based Services

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Virtual Router Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

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.

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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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 centers, is catalyzing 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, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, type and end user.

Breakup by Component:

  • Solution
  • Service
     

Breakup by Type:

 

 
 

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  • Pre-defined
  • Custom
     

Breakup by End User:

  • Service Provider
  • Enterprise
     

Breakup by Region:

 

 
 

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  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Component, Type, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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 Figures

Figure 1: Global: Virtual Router Market: Major Drivers and Challenges
Figure 2: Global: Virtual Router Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Virtual Router Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Virtual Router Market: Breakup by Component (in %), 2021
Figure 5: Global: Virtual Router Market: Breakup by Type (in %), 2021
Figure 6: Global: Virtual Router Market: Breakup by End User (in %), 2021
Figure 7: Global: Virtual Router Market: Breakup by Region (in %), 2021
Figure 8: Global: Virtual Router (Solution) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Virtual Router (Solution) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Virtual Router (Service) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Virtual Router (Service) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Virtual Router (Pre-defined) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Virtual Router (Pre-defined) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Virtual Router (Custom) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Virtual Router (Custom) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Virtual Router (Service Provider) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Virtual Router (Service Provider) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Virtual Router (Enterprise) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Virtual Router (Enterprise) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: North America: Virtual Router Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: North America: Virtual Router Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: United States: Virtual Router Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: United States: Virtual Router Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Canada: Virtual Router Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Canada: Virtual Router Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Asia-Pacific: Virtual Router Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Asia-Pacific: Virtual Router Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: China: Virtual Router Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: China: Virtual Router Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Japan: Virtual Router Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Japan: Virtual Router Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: India: Virtual Router Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: India: Virtual Router Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: South Korea: Virtual Router Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: South Korea: Virtual Router Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Australia: Virtual Router Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Australia: Virtual Router Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Indonesia: Virtual Router Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Indonesia: Virtual Router Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Others: Virtual Router Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Others: Virtual Router Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Europe: Virtual Router Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Europe: Virtual Router Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Germany: Virtual Router Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Germany: Virtual Router Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: France: Virtual Router Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: France: Virtual Router Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: United Kingdom: Virtual Router Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: United Kingdom: Virtual Router Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Italy: Virtual Router Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Italy: Virtual Router Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Spain: Virtual Router Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Spain: Virtual Router Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Russia: Virtual Router Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Russia: Virtual Router Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Others: Virtual Router Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Others: Virtual Router Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Latin America: Virtual Router Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Latin America: Virtual Router Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Brazil: Virtual Router Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Brazil: Virtual Router Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Mexico: Virtual Router Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Mexico: Virtual Router Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Others: Virtual Router Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Others: Virtual Router Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Middle East and Africa: Virtual Router Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Middle East and Africa: Virtual Router Market: Breakup by Country (in %), 2021
Figure 68: Middle East and Africa: Virtual Router Market Forecast: Sales Value (in Million US$), 2022-2027
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

List of Tables

Table 1: Global: Virtual Router Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Virtual Router Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Virtual Router Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 4: Global: Virtual Router Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Virtual Router Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Virtual Router Market: Competitive Structure
Table 7: Global: Virtual Router Market: Key Players


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Key Questions Answered in This Report

The global virtual router market was valued at US$ 176.6 Million in 2021.

We expect the global virtual router market to exhibit a CAGR of 22.30% during 2022-2027.

The expanding 5G network infrastructures, along with the rising popularity of virtual router software
in developing, prototyping, and testing new communication subsystems, is currently driving the
global virtual router market.

The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of virtual router
software as it remotely provides enhanced network speed and safer storage solution. Additionally,
these routers support distance learning and enable pupil to perform virtual experiments.

Based on the component, the global virtual router market can be categorized into solution and
service. Currently, service exhibits clear dominance in the market.

Based on the type, the global virtual router market has been segmented into pre-defined and
custom, where custom currently represents the largest market share.

Based on the end user, the global virtual router market can be bifurcated into service provider and
enterprise. Currently, service provider accounts for the majority of the total market share.

On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle
East and Africa, and Latin America, where North America currently dominates the global market.

Some of the major players in the global virtual router market include 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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