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Global Virtual Router Market: By Component: Solution, Services; By Type: Custom, Predefined; By End Use: Telecom Providers, Enterprises, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Virtual Router Market Outlook
The global virtual router market reached a value of about USD 160 billion in 2020. The market for virtual router is being driven by increasing adoption of virtualisation and the growing demand for fast and secure internet. The market is further expected to grow at a CAGR of 21% in the forecast period of 2022-2027 to reach a value of approximately USD 507 billion by 2026.
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Investments by Organizations to Bolster the Virtual Router Industry Growth
The growing need for larger bandwidth and internet speed is catered by the usage of a virtual router. Furthermore, the range of coverage of virtual routers, along with its ability to host multiple networks, has allowed organizations to invest in these devices to function smoother and faster, boosting the growth rate of the virtual router market. The severe competition among organizations will aid the growth of the industry as more and more companies are adopting virtual routers to expand their company and customer base. The growing requirement for fast and secured internet in various sectors, such as advertising, marketing, etc. will provide a significant growth rate for the virtual router market during the forecast period.
Virtual Routers: Market Segmentation
Virtual router, also known as vRouter, replaces the Layer 3 Internet Protocol (IP) routing as it replicates its functions in software, and eliminates the use of hardware. A virtual router can host multiple routing tables simultaneously as well as multiple routing networks on a single interface. The usage of virtual routers reduces hardware costs as well as multiple configurations for different networks. The rising popularity of such devices is attributed to the device’s traffic route and high network security.
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Based on component, the market is bifurcated into:
- Solution
- Services
On the basis of type, the market is divided into:
- Custom
- Predefined
By end use, the market is categorized into:
- Telecom Providers
- Enterprises
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Demand for Cloud Services to Boost the Growth of Virtual Router Industry
The growing popularity of cloud services especially the demand for private clouds. These cloud services are enhancing their operations by the usage of virtual routers, thereby boosting the growth rate of the market. Virtual routers have desirable qualities like increasing network speed, faster acquisition of data, safer storage networks, etc. for cloud services, thus a significant rise in the investment in virtual routers. Moreover, they also reduce CAPEX and OPEX, consequently aiding the growth of the virtual router market.
Key Industry Players in the Global Virtual Router Market
The report gives a detailed analysis of the following key players in the global virtual router market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Nokia Corporation
- Cisco Systems Inc.
- Ericsson AB
- Huawei Technologies Co. Ltd.
- Juniper Networks Inc.
- IBM Corporation
- Hewlett Packard Enterprises Development LP
- ZTE Corporation
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Component, Type, End Use, Region |
| Breakup by Component | Solution, Services |
| Breakup by Type | Custom, Predefined |
| Breakup by End Use | Telecom Providers, Enterprises, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Nokia Corporation, Cisco Systems, Inc., Ericsson AB, Huawei Technologies Co., Ltd., Juniper Networks, Inc., IBM Corporation, Hewlett Packard Enterprise Development LP, ZTE Corporation, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Virtual Router Market Analysis
8.1 Key Industry Highlights
8.2 Global Virtual Router Historical Market (2015-2019)
8.3 Global Virtual Router Market Forecast (2020-2025)
8.4 Global Virtual Router Market by Component
8.4.1 Solution
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2015-2019)
8.4.1.3 Forecast Trend (2020-2025)
8.4.2 Services
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2015-2019)
8.4.2.3 Forecast Trend (2020-2025)
8.5 Global Virtual Router Market by Type
8.5.1 Custom
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2015-2019)
8.5.1.3 Forecast Trend (2020-2025)
8.5.2 Predefined
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2015-2019)
8.5.2.3 Forecast Trend (2020-2025)
8.6 Global Virtual Router Market by End Use
8.6.1 Telecom Providers
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2015-2019)
8.6.1.3 Forecast Trend (2020-2025)
8.6.2 Enterprises
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2015-2019)
8.6.2.3 Forecast Trend (2020-2025)
8.6.3 Others
8.7 Global Virtual Router Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2015-2019)
9.1.2 Forecast Trend (2020-2025)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2015-2019)
9.2.2 Forecast Trend (2020-2025)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2015-2019)
9.3.2 Forecast Trend (2020-2025)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2015-2019)
9.4.2 Forecast Trend (2020-2025)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2015-2019)
9.5.2 Forecast Trend (2020-2025)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Nokia Corporation
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Cisco Systems, Inc.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Ericsson AB
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Huawei Technologies Co., Ltd.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Juniper Networks, Inc.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 IBM Corporation
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Hewlett Packard Enterprise Development LP
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 ZTE Corporation
12.2.8.1 Company Overview
12.2.8.2 Product Portfolio
12.2.8.3 Demographic Reach and Achievements
12.2.8.4 Certifications
12.2.9 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Virtual Router Market: Key Industry Highlights, 2015 and 2025
2. Global Virtual Router Historical Market: Breakup by Component (USD Billion), 2015-2019
3. Global Virtual Router Market Forecast: Breakup by Component (USD Billion), 2020-2025
4. Global Virtual Router Historical Market: Breakup by End Use (USD Billion), 2015-2019
5. Global Virtual Router Market Forecast: Breakup by End Use (USD Billion), 2020-2025
6. Global Virtual Router Historical Market: Breakup by Region (USD Billion), 2015-2019
7. Global Virtual Router Market Forecast: Breakup by Region (USD Billion), 2020-2025
8. North America Virtual Router Historical Market: Breakup by Country (USD Billion), 2015-2019
9. North America Virtual Router Market Forecast: Breakup by Country (USD Billion), 2020-2025
10. Europe Virtual Router Historical Market: Breakup by Country (USD Billion), 2015-2019
11. Europe Virtual Router Market Forecast: Breakup by Country (USD Billion), 2020-2025
12. Asia Pacific Virtual Router Historical Market: Breakup by Country (USD Billion), 2015-2019
13. Asia Pacific Virtual Router Market Forecast: Breakup by Country (USD Billion), 2020-2025
14. Latin America Virtual Router Historical Market: Breakup by Country (USD Billion), 2015-2019
15. Latin America Virtual Router Market Forecast: Breakup by Country (USD Billion), 2020-2025
16. Middle East and Africa Virtual Router Historical Market: Breakup by Country (USD Billion), 2015-2019
17. Middle East and Africa Virtual Router Market Forecast: Breakup by Country (USD Billion), 2020-2025
18. Global Virtual Router Market Structure
Key Questions Answered in the Report
In 2020, the global virtual router market attained a value of nearly USD 160 billion.
The market is projected to grow at a CAGR of 21% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach USD 507 billion by 2026.
The major drivers of the industry include rising urbanisation, increasing adoption of virtualisation and the growing demand for fast and secure internet.
The rising demand for cloud services is expected to be a key trend guiding the growth of the industry.
The categories of virtual router based on components are solutions and services.
Virtual router can be divided by type into custom and predefined.
Virtual router can have different end-uses like telecom providers and enterprises, amongst others.
The leading players in this market are Nokia Corporation, Cisco Systems Inc., Ericsson AB, Huawei Technologies Co. Ltd., Juniper Networks Inc., IBM Corporation, Hewlett Packard Enterprises Development LP, and ZTE Corporation, amongst others.
Analyst Review
The global virtual router market attained a value of USD 160 billion in 2020, driven by the increasing adoption of virtualisation and the growing demand for fast and secure internet. Aided by rising demand for cloud services, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 21%. The market is projected to reach USD 507 billion by 2026.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on the type, the virtual router market can be segmented into custom and predefined. By component, the industry can be divided into solutions and services. Virtual router can have different end-uses like telecom providers and enterprises, amongst others. The key players in the above industry include Nokia Corporation, Cisco Systems Inc., Ericsson AB, Huawei Technologies Co. Ltd., Juniper Networks Inc., IBM Corporation, Hewlett Packard Enterprises Development LP, and ZTE Corporation, amongst others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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