Virtual Router Market
Virtual Router Market Forecasts to 2028 - Global Analysis By Type (Custom and Predefined), Component (Solution and Service), End User and By Geography
Years Covered |
2020-2028 |
Estimated Year Value (2022) |
US $246.36 MN |
Projected Year Value (2028) |
US $861.43 MN |
CAGR (2022 - 2028) |
23.2% |
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
Largest Market |
North America |
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Virtual Router Market is accounted for $246.36 million in 2022 and is expected to reach $861.46 million by 2028 growing at a CAGR of 23.2% during the forecast period. Virtual routers are the software routers that provide network communication services for customers. It is a cloud-based router installed on VM instances of physical servers in order to provide routing, switching, security, VPN and other tasks through a virtualization platform. Multiple routing instances are made possible by a technique found in Internet Protocol (IP) network routers. By handling network and packet routing, it may provide a computer or server the capabilities of a fully working router. It enables flexibility and the capacity to elastically grow resources by adding cores.
Market Dynamics:
Driver:
Reduction in expenses
Enterprises generally concentrate on lowering the cost associated with hardware maintenance because it is an additional expense. Organizations may significantly lower the cost of maintaining dedicated routers owing to the growing use of the virtualization environment. By implementing virtual routers, internet and cloud service providers may concentrate on lowering the cost associated with making major hardware investments, since virtual routers can be chosen and implemented using the as-pay-you-grow approach. As a result, virtual routers can assist service providers in maximizing the advantages provided by virtualization technology.
Restraint:
Unease in moving from the legacy system
One of the reasons limiting the market for virtual routers may be the hesitation to switch from a legacy system to a virtualized environment. Many service providers, including telecom and Internet service providers (ISPs), still run and maintain outdated systems, which are difficult to administer. The maintenance costs and platform incompatibility of older systems provide a number of difficulties. Thus there is always a risk that these solutions won't be fully integrated.
Opportunity:
Demand for private cloud
Businesses are turning toward the private cloud to take benefit of the merits such as security, privacy, efficiency and customisation. Organizations may manage their networks more efficiently while spending less money on administration of the virtual router infrastructure by using virtual routers through the private cloud. Additionally, the private cloud provides a practical method for deploying virtual routers, assisting IT staff in efficiently managing an organization's complete network.
Threat:
Lack of knowledge and experience
Lack of knowledge and experience is the main obstacle of virtual routers market. It is becoming increasingly important to have engineers who can develop virtualized router software solutions in next-generation networks and data centers. Small and Medium-sized Enterprises (SMEs) may need to engage workers on a contract basis in order to implement solutions in a virtualized environment. Any mistake in the implementation and integration of these solutions might have a negative effect on the network infrastructure, which would then have an effect on revenue and customer satisfaction.
Covid-19 Impact
Most industries faced difficulties during the COVID-19 epidemic. Governments forced indefinite shutdown has prompted organizations to adopt a new workplace culture. Organizations attempted network environments to reduce maintenance costs across all organizations. Even in worse situation, it offered greater dependability and functionality. As a result, this new circumstance has given the market a boost.
The service providers segment is expected to be the largest during the forecast period
The service providers segment is estimated to have a lucrative growth, due to growing deployment of virtual network functions. Future carrier network domains are anticipated to be dominated by the architecture of virtual network services. For the majority of carriers and telcos, recognizing the change toward a software-defined, virtualized infrastructure is just getting started. The segment's growth is being driven by new revenue sources and increased operational effectiveness.
The custom segment is expected to have the highest CAGR during the forecast period
The custom segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its mobility and efficiency. Custom virtual router enables creating and configuring additional virtual routers within the single routing device as per requirement. It increases the need of mobility and network function virtualization. Custom virtual routers improve network agility and reduce the capital & operating expenditure of the organizations. These benefits are fuelling the segment’s demand.
Region with largest share:
North America is projected to hold the largest market share during the forecast period owing to the growth in Research and Development (R&D) and advancements in the networking technology. The region is facing huge network infrastructure complexities. Service providers are increasingly using virtual router solutions to improve their networks. This region is having the presence of key companies namely IBM Corporation and Cisco Networks.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the existence of numerous small and medium-sized businesses. The rapid development of software defined networking (SDN) and network function virtualization (NVF) are expanding the market in countries like India, China, and Japan. Small and medium-sized businesses manage enormous amounts of data which is the major factor of market expansion in this region.
Key players in the market
Some of the key players profiled in the Virtual Router Market include Cisco Systems Inc, Huawei Technologies Co Ltd, Nokia, IBM Corporation, Hewlett Packard Enterprise Development LP, Juniper Networks Inc, Arista Networks Inc, Palo Alto Networks, ZTE Corporation, 6WIND, ROSS VIDEO LTD, 128 Technology, TRENDnet, Allied Telesis, Check Point Software Technologies Ltd, Belkin International Inc, Broadcom Inc, Lanner Electronics, Ericsson Inc and LINKSYS.
Key Developments:
In March 2023, Cisco announced 800G innovations that continue to transform the economics and sustainability of the Internet for the Future, to help its customers connect the nearly 40% of the world’s population. Using Cisco 8000 Series Routers with the new line card, service providers and cloud providers can realize up to 83% space savings and up to 68% power savings migrating from 400G to 800G for IP backbone, metro core, and data centers supporting AI/ML workloads.
In July 2022, Lanner Electronics, a leading uCPE Whitebox Solutions™ provider announced that the company has established a partnership with 6WIND, a high-performance networking software company, to provide a full range of whitebox uCPE solutions pre-validated with 6WIND's Virtual Service Router (VSR) solutions, offering scalable virtualized routing and security at the edge.
In January 2021, Linksys, the connected home division within Belkin International introduced its latest advancements in Wi-Fi and motion detection technology with the Linksys AXE8400 Wi-Fi 6E System and Linksys Aware. Linksys AXE8400 reduces congested, unsteady Wi-Fi connections and delivers more bandwidth to consumers' homes for clearer, faster networks and strengthened reliability. It has built-in mesh technology and easy app-based setup.
Types Covered:
• Custom
• Predefined
Components Covered:
• Solution
• Service
End Users Covered:
• Enterprises
• Service Providers
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Virtual Router Market, By Type
5.1 Introduction
5.2 Custom
5.3 Predefined
6 Global Virtual Router Market, By Component
6.1 Introduction
6.2 Solution
6.3 Service
7 Global Virtual Router Market, By End User
7.1 Introduction
7.2 Enterprises
7.3 Service Providers
8 Global Virtual Router Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Cisco Systems Inc
10.2 Huawei Technologies Co Ltd
10.3 Nokia
10.4 IBM Corporation
10.5 Hewlett Packard Enterprise Development LP
10.6 Juniper Networks Inc
10.7 Arista Networks Inc
10.8 Palo Alto Networks
10.9 ZTE Corporation
10.10 6WIND
10.11 ROSS VIDEO LTD
10.12 128 Technology
10.1 TRENDnet
10.14 Allied Telesis
10.15 Check Point Software Technologies Ltd
10.16 Belkin International Inc
10.17 Broadcom Inc
10.18 Lanner Electronics
10.19 Ericsson Inc
10.20 LINKSYS
List of Tables
1 Global Virtual Router Market Outlook, By Region (2020-2028) ($MN)
2 Global Virtual Router Market Outlook, By Type (2020-2028) ($MN)
3 Global Virtual Router Market Outlook, By Custom (2020-2028) ($MN)
4 Global Virtual Router Market Outlook, By Predefined (2020-2028) ($MN)
5 Global Virtual Router Market Outlook, By Component (2020-2028) ($MN)
6 Global Virtual Router Market Outlook, By Solution (2020-2028) ($MN)
7 Global Virtual Router Market Outlook, By Service (2020-2028) ($MN)
8 Global Virtual Router Market Outlook, By End User (2020-2028) ($MN)
9 Global Virtual Router Market Outlook, By Enterprises (2020-2028) ($MN)
10 Global Virtual Router Market Outlook, By Service Providers (2020-2028) ($MN)
11 North America Virtual Router Market Outlook, By Country (2020-2028) ($MN)
12 North America Virtual Router Market Outlook, By Type (2020-2028) ($MN)
13 North America Virtual Router Market Outlook, By Custom (2020-2028) ($MN)
14 North America Virtual Router Market Outlook, By Predefined (2020-2028) ($MN)
15 North America Virtual Router Market Outlook, By Component (2020-2028) ($MN)
16 North America Virtual Router Market Outlook, By Solution (2020-2028) ($MN)
17 North America Virtual Router Market Outlook, By Service (2020-2028) ($MN)
18 North America Virtual Router Market Outlook, By End User (2020-2028) ($MN)
19 North America Virtual Router Market Outlook, By Enterprises (2020-2028) ($MN)
20 North America Virtual Router Market Outlook, By Service Providers (2020-2028) ($MN)
21 Europe Virtual Router Market Outlook, By Country (2020-2028) ($MN)
22 Europe Virtual Router Market Outlook, By Type (2020-2028) ($MN)
23 Europe Virtual Router Market Outlook, By Custom (2020-2028) ($MN)
24 Europe Virtual Router Market Outlook, By Predefined (2020-2028) ($MN)
25 Europe Virtual Router Market Outlook, By Component (2020-2028) ($MN)
26 Europe Virtual Router Market Outlook, By Solution (2020-2028) ($MN)
27 Europe Virtual Router Market Outlook, By Service (2020-2028) ($MN)
28 Europe Virtual Router Market Outlook, By End User (2020-2028) ($MN)
29 Europe Virtual Router Market Outlook, By Enterprises (2020-2028) ($MN)
30 Europe Virtual Router Market Outlook, By Service Providers (2020-2028) ($MN)
31 Asia Pacific Virtual Router Market Outlook, By Country (2020-2028) ($MN)
32 Asia Pacific Virtual Router Market Outlook, By Type (2020-2028) ($MN)
33 Asia Pacific Virtual Router Market Outlook, By Custom (2020-2028) ($MN)
34 Asia Pacific Virtual Router Market Outlook, By Predefined (2020-2028) ($MN)
35 Asia Pacific Virtual Router Market Outlook, By Component (2020-2028) ($MN)
36 Asia Pacific Virtual Router Market Outlook, By Solution (2020-2028) ($MN)
37 Asia Pacific Virtual Router Market Outlook, By Service (2020-2028) ($MN)
38 Asia Pacific Virtual Router Market Outlook, By End User (2020-2028) ($MN)
39 Asia Pacific Virtual Router Market Outlook, By Enterprises (2020-2028) ($MN)
40 Asia Pacific Virtual Router Market Outlook, By Service Providers (2020-2028) ($MN)
41 South America Virtual Router Market Outlook, By Country (2020-2028) ($MN)
42 South America Virtual Router Market Outlook, By Type (2020-2028) ($MN)
43 South America Virtual Router Market Outlook, By Custom (2020-2028) ($MN)
44 South America Virtual Router Market Outlook, By Predefined (2020-2028) ($MN)
45 South America Virtual Router Market Outlook, By Component (2020-2028) ($MN)
46 South America Virtual Router Market Outlook, By Solution (2020-2028) ($MN)
47 South America Virtual Router Market Outlook, By Service (2020-2028) ($MN)
48 South America Virtual Router Market Outlook, By End User (2020-2028) ($MN)
49 South America Virtual Router Market Outlook, By Enterprises (2020-2028) ($MN)
50 South America Virtual Router Market Outlook, By Service Providers (2020-2028) ($MN)
51 Middle East & Africa Virtual Router Market Outlook, By Country (2020-2028) ($MN)
52 Middle East & Africa Virtual Router Market Outlook, By Type (2020-2028) ($MN)
53 Middle East & Africa Virtual Router Market Outlook, By Custom (2020-2028) ($MN)
54 Middle East & Africa Virtual Router Market Outlook, By Predefined (2020-2028) ($MN)
55 Middle East & Africa Virtual Router Market Outlook, By Component (2020-2028) ($MN)
56 Middle East & Africa Virtual Router Market Outlook, By Solution (2020-2028) ($MN)
57 Middle East & Africa Virtual Router Market Outlook, By Service (2020-2028) ($MN)
58 Middle East & Africa Virtual Router Market Outlook, By End User (2020-2028) ($MN)
59 Middle East & Africa Virtual Router Market Outlook, By Enterprises (2020-2028) ($MN)
60 Middle East & Africa Virtual Router Market Outlook, By Service Providers (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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