Virtual Router Market Report by Component (Solution, Service), Type (Pre-defined, Custom), End User (Service Provider, Enterprise), and Region 2024-2032

Virtual Router Market Report by Component (Solution, Service), Type (Pre-defined, Custom), End User (Service Provider, Enterprise), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A5220
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Market Overview:

The global virtual router market size reached US$ 268.4 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,337.0 Million by 2032, exhibiting a growth rate (CAGR) of 19.1% during 2024-2032.

Report Attribute
 Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023 US$ 268.4 Million
Market Forecast in 2032 US$ 1,337.0 Million
Market Growth Rate 2024-2032 19.1%


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.

Global Virtual Router Market

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.

 

 
 

 

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

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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 2024-2032. Our report has categorized the market based on component, type and end user.

Breakup by Component:

  • Solution
  • Service
     

Breakup by Type:

 

 
 

 

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

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  • Pre-defined
  • Custom
     

Breakup by End User:

  • Service Provider
  • Enterprise
     

Breakup by Region:

 

 
 

 

To get more information on the regional analysis of this market, Request Sample

  • 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 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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., ZTE Corporation.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
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)

Key Questions Answered in This Report

The global virtual router market was valued at US$ 268.4 Million in 2023.

We expect the global virtual router market to exhibit a CAGR of 19.1% during 2024-2032.

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

The sudden outbreak of the COVID-19 pandemic has led to the growing deployment of virtual router software, as it remotely provides enhanced network speed that supports distance learning and enables individuals 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 holds 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, Asia-Pacific, Europe, Latin America, and Middle East and Africa, 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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Virtual Router Market Report by Component (Solution, Service), Type (Pre-defined, Custom), End User (Service Provider, Enterprise), and Region 2024-2032
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