Reports

Virtual Router Market

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 (2018-2028); 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 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.

 

Global Virtual Router Market

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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.

 

Global Virtual Router Market By End Use

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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.

 

Global Virtual Router Market By Region

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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 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

Key Questions Answered in the Report

What was the global virtual router market size in 2022?

In 2022, the global virtual router market attained a value of nearly USD 234.26 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 21% between 2023 and 2028.

What is the forecast outlook of the market for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 742.3 billion by 2028.

What are the major market drivers?

The major drivers of the industry include rising urbanisation, increasing adoption of virtualisation and the growing demand for fast and secure internet.

What are the key industry trends of the global virtual router market?

The rising demand for cloud services is expected to be a key trend guiding the growth of the industry.

What are the different categories of virtual router, based on components?

The categories of virtual router based on components are solutions and services.

What are the different types of virtual router?

Virtual router can be divided by type into custom and predefined.

What are the different end-uses of virtual router?

Virtual router can have different end-uses like telecom providers and enterprises, amongst others.

Who are the key industry players in this market?

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 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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