Report Description

Global Virtual Router market is anticipated to thrive in the forecast period 2024-2028. One of the major factors fueling the growth of the virtual router market is the rising need for mobility across the globe. The increased demand for flexible, scalable, and affordable cloud networking solutions, as well as the rising demand for virtual router solutions as more businesses are anticipated to adopt multi-cloud architectures, are factors driving the market's expansion. The requirement for service providers to increase network agility and efficient scale out, as well as the increase in demand for software-defined networking (SDN), are other factors that are further impacting the market.

Additionally, the market for virtual routers is positively impacted by the rise in IoT usage, increased system availability, rapid digitalization, rise in linked devices, and shift in consumer choice. Additionally, the rise in demand for private clouds and the use of virtual router technology by small and medium-sized businesses provide lucrative prospects to market participants during the projection period.

A software-based routing system called a virtual router allows the host computer to function across a local area network much like a standard hardware router. It is scalable and adaptable. The last byte of the address contains a special virtual router identifier (VRID) that serves as its identification. A virtual router has a wide range of uses in the global telecommunications sector since it can reduce hardware costs, speed up the development of new applications, and process packets in real-time.

Increased Demand for Service Providers to Increase Network Agility and Effectively Scale Out

Increased need for more effective scale-out and improved network agility is anticipated to fuel market expansion. The edge network of communication service providers can easily and quickly scale up their bandwidth and services thanks to virtual routing (CSPs). On its network edge, CSPs use a mix of hardware routers and appliances. This deployment architecture is typically geared for centralised service delivery and high traffic volumes. For low-bandwidth applications, though, this can be ineffective and expensive, posing an artificial barrier to entry for new services and markets. Thus, CSPs feel the necessity to deploy virtual routers for dispersed edge designs and agile service of lower bandwidth applications. Virtual routers are also used for low-risk growth into new markets and regions as well as short-term service requirements related to unique events. Additionally, as a component of managed service offerings, as well as in the transition to NFV and SDN, communication service providers utilise virtual routers to offload control plane-intensive protocols from physical routers. In order to offer specialised services, virtual routers, for example, can be deployed as a VNF on a COTS server together with other VNFs enabling firewall, application acceleration, IPsec, network address translation, and others. With this strategy, Layer 3 CPEs are swapped out with less expensive, simpler Layer 2 CPE devices, resulting in cheaper capex and opex.

Demand for Lower Total Cost of Ownership (TCO)

Since they offer so many advantages over traditional routers, virtual routers are a highly effective solution. For instance, reducing an organization's capex and opex will reduce the total cost of ownership (TCO).

Equipment, operational, and facility costs can be decreased with the use of cloud-based virtual routers. Additionally, network functions virtualization (NFV) and cloud computing can help manage rapid demand growth while lowering capital and operating costs (capex and opex). Thus, service providers are giving it more consideration. These savings significantly reduce the total cost of ownership (TCO) for service providers and boost agility, both of which are essential for thriving in the current difficult telecom environment. Additionally, virtualizing programmes makes complex procedures simpler, increasing agility and adaptability. Examples include scaling, healing, and software upgrades.


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Market Segmentation

Global Virtual Router market is segmented by component, type, and end users. On the basis of component, the market is further segmented into solution and service. On the basis of type, the market is further divided into Custom and Predefined. On the basis of end users, market is further segmented into Service Providers and Enterprises.

Market Player

Major market players in the global Virtual Router market are Juniper Networks, Inc, Telefonaktiebolaget LM Ericsson Broadcom Inc., 6WIND, Huawei Technologies Co., Ltd., Hewlett Packard Enterprise Development LP, IBM Corporation, Cisco Systems, Inc., Nokia Corporation, 128 Technology.

Recent Development

  • To enhance the toolkit for intuitively and dynamically controlling virtual production, Ross Video, a Canadian firm, developed their most recent generation of control interface (UX4).
  • Cisco introduced a new consumption model for their Cisco Tetration product for data centres and the cloud.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2024-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

Component

Type

End Users

Regional scope

North America; Asia-Pacific; Europe; South America; Middle East

Country scope

United States, Canada, Mexico, China, Indian, Japan, South Korea, Australia, Singapore, Malaysia, Germany, United Kingdom, France, Russia, Spain, Belgium, Italy, Brazil, Colombia, Argentina, Peru, Chile, , Saudi Arabia, South Africa, UAE, Israel, Turkey

Key companies profiled

Juniper Networks, Inc, Telefonaktiebolaget LM Ericsson, Broadcom Inc., 6WIND, Huawei Technologies Co., Ltd., Hewlett Packard Enterprise Development LP, IBM Corporation, Cisco Systems, Inc., Nokia Corporation, 128 Technology

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, the Global Virtual Router market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·         Virtual Router Market, By Component

o   Solution

o   Service

·         Virtual Router Market, By Type

o   Custom

o   Predefined

·         Virtual Router Market, By End Users

o   Service Providers

o   Enterprises

·         Virtual Router Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Asia-Pacific

§  China

§  India

§  Japan

§  South Korea

§  Australia

§  Singapore

§  Malaysia

o   Europe

§  Germany

§  United Kingdom

§  France

§  Russia

§  Spain

§  Belgium

§  Italy

o   South America

§  Brazil

§  Argentina

§  Colombia

§  Peru

§  Chile

o   Middle East

§  Saudi Arabia

§  South Africa

§  UAE

§  Israel

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Virtual Router market.

Available Customizations:

Global Virtual Router market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
The Global Virtual Router market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Virtual Router Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Factors Considered while Selecting Vendor

5.3.  Major Challenges Faced

5.4.  Technological Awareness

5.5.  Key Services in Use

6.    Global Virtual Router Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Component (Solution, Service)

6.2.2.    By Type (Custom, Predefined)

6.2.3.    By End Users (Service Providers, Enterprises)

6.2.4.    By Region

6.2.5.    By Company

6.3.  Market Map

7.    North America Virtual Router Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Component

7.2.2.    By Type

7.2.3.    By End Users

7.2.4.    By Country

7.3.  North America: Country Analysis

7.3.1.    United States Virtual Router Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value 

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Component

7.3.1.2.2.           By Type

7.3.1.2.3.           By End Users

7.3.2.    Canada Virtual Router Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value 

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Component

7.3.2.2.2.           By Type

7.3.2.2.3.           By End Users

7.3.3.    Mexico Virtual Router Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value 

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Component

7.3.3.2.2.           By Type

7.3.3.2.3.           By End Users

8.    Asia-Pacific Virtual Router Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Component

8.2.2.    By Type

8.2.3.    By End Users

8.2.4.    By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.    China Virtual Router Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value 

8.3.1.2.        Market Share & Forecast

8.3.1.3.        By Component

8.3.1.4.        By Type

8.3.1.5.        By End Users

8.3.2.    India Virtual Router Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value 

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           Component

8.3.2.2.2.           By Type

8.3.2.2.3.           By End Users

8.3.3.    Japan Virtual Router Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value 

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Component

8.3.3.2.2.           By Type

8.3.3.2.3.           By End Users

8.3.4.    South Korea Virtual Router Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value 

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Component

8.3.4.2.2.           By Type

8.3.4.2.3.           By End Users

8.3.5.    Australia Virtual Router Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value 

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Component

8.3.5.2.2.           By Type

8.3.5.2.3.           By End Users

8.3.6.    Singapore Virtual Router Market Outlook

8.3.6.1.        Market Size & Forecast

8.3.6.1.1.           By Value 

8.3.6.2.        Market Share & Forecast

8.3.6.2.1.           By Component

8.3.6.2.2.           By Type

8.3.6.2.3.           By End Users

8.3.7.    Malaysia Virtual Router Market Outlook

8.3.7.1.        Market Size & Forecast

8.3.7.1.1.           By Value 

8.3.7.2.        Market Share & Forecast

8.3.7.2.1.           By Component

8.3.7.2.2.           By Type

8.3.7.2.3.           By End Users

9.    Europe Virtual Router Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.1.1.           By Component

9.2.1.1.2.           By Type

9.2.1.1.3.           By End Users

9.2.1.1.4.           By Country

9.3.  Europe: Country Analysis

9.3.1.    Germany Virtual Router Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value 

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Component

9.3.1.2.2.           By Type

9.3.1.2.3.           By End Users

9.3.2.    United Kingdom Virtual Router Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value 

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Component

9.3.2.2.2.           By Type

9.3.2.2.3.           By End Users

9.3.3.    France Virtual Router Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value 

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Component

9.3.3.2.2.           By Type

9.3.3.2.3.           By End Users

9.3.4.    Russia Virtual Router Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.           By Value 

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.           By Component

9.3.4.2.2.           By Type

9.3.4.2.3.           By End Users

9.3.5.    Spain Virtual Router Market Outlook

9.3.5.1.        Market Size & Forecast

9.3.5.1.1.           By Value 

9.3.5.2.        Market Share & Forecast

9.3.5.2.1.           By Component

9.3.5.2.2.           By Type

9.3.5.2.3.           By End Users

9.3.6.    Belgium Virtual Router Market Outlook

9.3.6.1.        Market Size & Forecast

9.3.6.1.1.           By Value 

9.3.6.2.        Market Share & Forecast

9.3.6.2.1.           By Component

9.3.6.2.2.           By Type

9.3.6.2.3.           By End Users

9.3.7.    Italy Virtual Router Market Outlook

9.3.7.1.        Market Size & Forecast

9.3.7.1.1.           By Value 

9.3.7.2.        Market Share & Forecast

9.3.7.2.1.           By Component

9.3.7.2.2.           By Type

9.3.7.2.3.           By End Users

10. South America Virtual Router Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1.1.     By Component

10.2.1.2.     By Type

10.2.1.3.     By End Users

10.2.1.4.     By Country

10.3.             South America: Country Analysis

10.3.1. Brazil Virtual Router Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value 

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Component

10.3.1.2.2.         By Type

10.3.1.2.3.         By End Users

10.3.2. Argentina Virtual Router Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value 

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Component

10.3.2.2.2.         By Type

10.3.2.2.3.         By End Users

10.3.3. Colombia Virtual Router Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value 

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Component

10.3.3.2.2.         By Type

10.3.3.2.3.         By End Users

10.3.4. Peru Virtual Router Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value 

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Component

10.3.4.2.2.         By Type

10.3.4.2.3.         By End Users

10.3.5. Chile Virtual Router Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value 

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Component

10.3.5.2.2.         By Type

10.3.5.2.3.         By End Users

11. Middle East & Africa Virtual Router Market Outlook

11.1.             Market Size & Forecast

11.1.1. By Value

11.2.             Market Share & Forecast

11.2.1.1.     By Component

11.2.1.2.     By Type

11.2.1.3.     By End Users

11.2.1.4.     By Country

11.3.             Middle East & Africa: Country Analysis

11.3.1. Saudi Arabia Virtual Router Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.         By Value 

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.         By Component

11.3.1.2.2.         By Type

11.3.1.2.3.         By End Users

11.3.2. South Africa Virtual Router Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.         By Value 

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.         By Component

11.3.2.2.2.         By Type

11.3.2.2.3.         By End Users

11.3.3. UAE Virtual Router Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.         By Value 

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.         By Component

11.3.3.2.2.         By Type

11.3.3.2.3.         By End Users

11.3.4. Israel Virtual Router Market Outlook

11.3.4.1.     Market Size & Forecast

11.3.4.1.1.         By Value 

11.3.4.2.     Market Share & Forecast

11.3.4.2.1.         By Component

11.3.4.2.2.         By Type

11.3.4.2.3.         By End Users

11.3.5. Turkey Virtual Router Market Outlook

11.3.5.1.     Market Size & Forecast

11.3.5.1.1.         By Value 

11.3.5.2.     Market Share & Forecast

11.3.5.2.1.         By Component

11.3.5.2.2.         By Type

11.3.5.2.3.         By End Users

12. Market Dynamics

12.1. Drivers

12.1.1. Increased demand for service providers to increase network agility and effectively scale out

12.1.2. Demand for lower total cost of ownership

12.1.3. Upsurge in the demand for SDN and NFV

12.2. Challenges

12.2.1. Security concerns associated with virtualized environment

12.2.2. Inability to perform functions of a heavy-duty core IP router.

13. Market Trends & Developments

13.1.   High adoption among small & medium organizations

13.2.   Rise In Technological Development

13.3.   Government Initiatives

13.4.   Increase In Demand For Data-Driven Decision-Making

13.5.   Surge in demand for private cloud

14. Company Profiles

14.1.             Juniper Networks, Inc

14.1.1. Business Overview

14.1.2. Key Revenue and Financials

14.1.3. Recent Developments

14.1.4. Key Personnel

14.1.5. Key Product/Services

14.1.6. SWOT Analysis

14.2.             Telefonaktiebolaget LM Ericsson

14.2.1. Business Overview

14.2.2. Key Revenue and Financials

14.2.3. Recent Developments

14.2.4. Key Personnel

14.2.5. Key Product/Services

14.2.6. SWOT Analysis

14.3.             Broadcom Inc.

14.3.1. Business Overview

14.3.2. Key Revenue and Financials

14.3.3. Recent Developments

14.3.4. Key Personnel

14.3.5. Key Product/Services

14.3.6. SWOT Analysis

14.4.             6WIND

14.4.1. Business Overview

14.4.2. Key Revenue and Financials

14.4.3. Recent Developments

14.4.4. Key Personnel

14.4.5. Key Product/Services

14.4.6. SWOT Analysis

14.5.             Huawei Technologies Co., Ltd.

14.5.1. Business Overview

14.5.2. Key Revenue and Financials

14.5.3. Recent Developments

14.5.4. Key Personnel

14.5.5. Key Product/Services

14.5.6. SWOT Analysis

14.6.             Hewlett Packard Enterprise Development LP

14.6.1. Business Overview

14.6.2. Key Revenue and Financials

14.6.3. Recent Developments

14.6.4. Key Personnel

14.6.5. Key Product/Services

14.6.6. SWOT Analysis

14.7.             IBM Corporation

14.7.1. Business Overview

14.7.2. Key Revenue and Financials

14.7.3. Recent Developments

14.7.4. Key Personnel

14.7.5. Key Product/Services

14.7.6. SWOT Analysis

14.8.             Cisco Systems, Inc.

14.8.1. Business Overview

14.8.2. Key Revenue and Financials

14.8.3. Recent Developments

14.8.4. Key Personnel

14.8.5. Key Product/Services

14.8.6. SWOT Analysis

14.9.             Nokia Corporation

14.9.1. Business Overview

14.9.2. Key Revenue and Financials

14.9.3. Recent Developments

14.9.4. Key Personnel

14.9.5. Key Product/Services

14.9.6. SWOT Analysis

14.10.          128 Technology

14.10.1.              Business Overview

14.10.2.              Key Revenue and Financials

14.10.3.              Recent Developments

14.10.4.              Key Personnel

14.10.5.              Key Product/Services

14.10.6.              SWOT Analysis

15. Strategic Recommendations

15.1.   Key focus on Asia Pasific Region

15.2.   Key focus towards IT & Telecom Industry

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Juniper Networks, Inc, Telefonaktiebolaget LM Ericsson, Broadcom Inc., 6WIND, Huawei Technologies Co., Ltd., Hewlett Packard Enterprise Development LP, IBM Corporation, Cisco Systems, Inc., Nokia Corporation, 128 Technology.

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The major function of virtual router is to carry out the network and packet routing functions of the router via a software application, and provides a computer or server the capabilities of a full-fledged route.

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Asia-Pacific is the fastest-growing region in the Virtual Router market due to developing IT industry and government initiative.

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The Virtual Router has ability to elastically scale resources and save hardware costs because no dedicated hardware platform is required.

profile

Sakshi Bajaal

Business Consultant
Press Release

Virtual Router Market to be Driven by Increasing Adoption of Digital Transformation Strategies By 2028

Mar, 2023

Wide adoption of AI in data analytics is expected to drive the Global Virtual Router Market in the forecast period 2024-2028.