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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.
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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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.
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:
Breakup by Type:
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Breakup by End User:
Breakup by Region:
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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.
|Base Year of the Analysis||2021|
|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.|
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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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