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Virtual Router Market Report by Component (Solution, Service), Type (Pre-defined, Custom), End User (Service Provider, Enterprise), and Region 2024-2032

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    Report

  • 144 Pages
  • July 2024
  • Region: Global
  • IMARC Group
  • ID: 5577878
Description Jump to:
The global virtual router market size reached US$ 268.4 Million in 2023. Looking forward, the market is expected to reach US$ 1.33 billion by 2032, exhibiting a growth rate (CAGR) of 19.5% during 2023-2032.

A virtual router is a scalable and flexible software-based routing framework that enables the host machine to operate as a conventional hardware router over a local area network. It is identified with a unique virtual router identifier (VRID) that is present at the last byte of the address. As it can lower hardware costs and help develop new applications rapidly and process packets in real-time, a virtual router finds extensive applications in the telecommunications industry across the globe.

Virtual Router Market Trends:

At present, there is a considerable increase in the adoption of virtual routers by communication service providers (CSPs). This, in confluence with the rising popularity of software-defined networking (SDN) and network functions virtualization (NFV), represents one of the key factors bolstering the market growth. Moreover, virtual routers assist in developing, prototyping, and testing new communication subsystems. These routers can also aid in distance learning and are consequently utilized as tools that enable students to perform virtual experiments. This, coupled with the rapid expansion of data centers, is catalyzing the demand for virtual routers around the world. Apart from this, these routers provide increased network speed, faster acquisition of data, and safer storage networks. In addition, they help reduce the total cost of ownership (TCO) by lowering capital expenditures (CAPEX) and operating expenses (OPEX) of businesses from different industry verticals. These product benefits, along with technological advancements, including the implementation of virtual router redundancy protocol (VRRP) to separate traffic and improve network security, are strengthening the market growth. Other factors, such as improving 5G infrastructure and the increasing requirement for cloud-based services worldwide, are creating a positive outlook for the market.

Key Market Segmentation:

The report provides an analysis of the key trends in each sub-segment of the global virtual router market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, type and end user.

Breakup by Component:

Solution
Service

Breakup by Type:

Pre-defined
Custom

Breakup by End User:

Service Provider
Enterprise

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 6WIND, Allied Telesis Inc., Arista Networks Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Hewlett Packard Enterprise Company, Huawei Technologies Co. Ltd., International Business Machines Corporation, Juniper Networks Inc., Nokia Corporation, Palo Alto Networks Inc. and ZTE Corporation.

Key Questions Answered in This Report

1. How big is the global virtual router market?
2. What is the expected growth rate of the global virtual router market during 2024-2032?
3. What are the key factors driving the global virtual router market?
4. What has been the impact of COVID-19 on the global virtual router market?
5. What is the breakup of the global virtual router market based on the component?
6. What is the breakup of the global virtual router market based on the type?
7. What is the breakup of the global virtual router market based on the end user?
8. What are the key regions in the global virtual router market?
9. Who are the key players/companies in the global virtual router market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Virtual Router Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Solution
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Service
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Type
7.1 Pre-defined
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Custom
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by End User
8.1 Service Provider
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Enterprise
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 6WIND
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Allied Telesis Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.3 Arista Networks Inc.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4 Check Point Software Technologies Ltd.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Cisco Systems Inc.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Hewlett Packard Enterprise Company
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Huawei Technologies Co. Ltd.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 International Business Machines Corporation
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Juniper Networks Inc.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Nokia Corporation
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Palo Alto Networks Inc.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 ZTE Corporation
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
List of Figures
Figure 1: Global: Virtual Router Market: Major Drivers and Challenges
Figure 2: Global: Virtual Router Market: Sales Value (in Million US$), 2018-2023
Figure 3: Global: Virtual Router Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 4: Global: Virtual Router Market: Breakup by Component (in %), 2023
Figure 5: Global: Virtual Router Market: Breakup by Type (in %), 2023
Figure 6: Global: Virtual Router Market: Breakup by End User (in %), 2023
Figure 7: Global: Virtual Router Market: Breakup by Region (in %), 2023
Figure 8: Global: Virtual Router (Solution) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Virtual Router (Solution) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Virtual Router (Service) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Virtual Router (Service) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Virtual Router (Pre-defined) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Virtual Router (Pre-defined) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Virtual Router (Custom) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Virtual Router (Custom) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Virtual Router (Service Provider) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Virtual Router (Service Provider) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Virtual Router (Enterprise) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Virtual Router (Enterprise) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: North America: Virtual Router Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: North America: Virtual Router Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: United States: Virtual Router Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: United States: Virtual Router Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Canada: Virtual Router Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Canada: Virtual Router Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Asia-Pacific: Virtual Router Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Asia-Pacific: Virtual Router Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: China: Virtual Router Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: China: Virtual Router Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Japan: Virtual Router Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Japan: Virtual Router Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: India: Virtual Router Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: India: Virtual Router Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: South Korea: Virtual Router Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: South Korea: Virtual Router Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Australia: Virtual Router Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Australia: Virtual Router Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Indonesia: Virtual Router Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Indonesia: Virtual Router Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Others: Virtual Router Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Others: Virtual Router Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Europe: Virtual Router Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Europe: Virtual Router Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Germany: Virtual Router Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Germany: Virtual Router Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: France: Virtual Router Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: France: Virtual Router Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: United Kingdom: Virtual Router Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: United Kingdom: Virtual Router Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Italy: Virtual Router Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Italy: Virtual Router Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Spain: Virtual Router Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Spain: Virtual Router Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Russia: Virtual Router Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Russia: Virtual Router Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Others: Virtual Router Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Others: Virtual Router Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Latin America: Virtual Router Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Latin America: Virtual Router Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Brazil: Virtual Router Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Brazil: Virtual Router Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Mexico: Virtual Router Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Mexico: Virtual Router Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Others: Virtual Router Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Others: Virtual Router Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Middle East and Africa: Virtual Router Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Middle East and Africa: Virtual Router Market: Breakup by Country (in %), 2023
Figure 68: Middle East and Africa: Virtual Router Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Global: Virtual Router Industry: SWOT Analysis
Figure 70: Global: Virtual Router Industry: Value Chain Analysis
Figure 71: Global: Virtual Router Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Virtual Router Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Virtual Router Market Forecast: Breakup by Component (in Million US$), 2024-2032
Table 3: Global: Virtual Router Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 4: Global: Virtual Router Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 5: Global: Virtual Router Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Virtual Router Market: Competitive Structure
Table 7: Global: Virtual Router Market: Key Players

Companies Mentioned

  • 6WIND
  • Allied Telesis Inc.
  • Arista Networks Inc.
  • Check Point Software Technologies Ltd.
  • Cisco Systems Inc.
  • Hewlett Packard Enterprise Company
  • Huawei Technologies Co. Ltd.
  • International Business Machines Corporation
  • Juniper Networks Inc.
  • Nokia Corporation
  • Palo Alto Networks Inc.
  • ZTE Corporation.

Methodology

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Table Information

Report AttributeDetails
No. of Pages144
PublishedJuly 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 268.4 Million
Forecasted Market Value ( USD ) by 2032 $ 1337 Million
Compound Annual Growth Rate19.5%
Regions CoveredGlobal
No. of Companies Mentioned12

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