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The global virtual router market reached a value of about USD 234.26 billion in 2022. 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 2023-2028 to reach a value of approximately USD 742.3 billion by 2028.
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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 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:
On the basis of type, the market is divided into:
By end use, the market is categorized into:
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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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.
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:
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 | 2022 |
Historical Period | 2018-2022 |
Forecast Period | 2023-2028 |
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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Opportunities and Challenges in the Market
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 Historical Trend (2015-2019)
8.4.1. Forecast Trend (2020-2025)
8.4.2 Services
8.4.2.1 Historical Trend (2015-2019)
8.4.2.2 Forecast Trend (2020-2025)
8.5 Global Virtual Router Market by Type
8.5.1 Custom
8.5.1.1 Historical Trend (2015-2019)
8.5.1.2 Forecast Trend (2020-2025)
8.5.2 Predefined
8.5.2.1 Historical Trend (2015-2019)
8.5.2.2 Forecast Trend (2020-2025)
8.6 Global Virtual Router Market by End Use
8.6.1 Telecom Providers
8.6.1.1 Historical Trend (2015-2019)
8.6.1.2 Forecast Trend (2020-2025)
8.6.2 Enterprises
8.6.2.1 Historical Trend (2015-2019)
8.6.2.2 Forecast Trend (2020-2025)
8.6.3 Others
8.7 Global Virtual Router Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Virtual Router Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Virtual Router Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Virtual Router Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Virtual Router Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Virtual Router Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Nokia Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Cisco Systems, Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Ericsson AB
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Huawei Technologies Co., Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Juniper Networks, Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 IBM Corporation
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Hewlett Packard Enterprise Development LP
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 ZTE Corporation
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Others
17 Key Trends and Developments in the Market
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
In 2022, the global virtual router market attained a value of nearly USD 234.26 billion.
The market is projected to grow at a CAGR of 21% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 742.3 billion by 2028.
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.
The global virtual router market attained a value of USD 234.26 billion in 2022, 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 2023-2028, growing at a CAGR of 21%. The market is projected to reach USD 742.3 billion by 2028.
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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