The global virtual router market is expected to grow at a significant CAGR during the forecast period 2021-2027. The rising demand for mobility, SDN, and NFV, reduced CAPEX and OPEX are predominant factors driving the market growth of the global virtual router market. The reduction in capital expenditure and operational expenditure served by virtual routers was a significant driver that enables the steady growth of the global virtual router market. The virtual router was a software-based router that was emerged as an alternative to hardware models and accepted by various organizations and virtualization environments. Additionally, the rising deployment of 5G technologies and increasing investment in 5G infrastructure will further be projected to drive the growth of the global virtual router market.
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Furthermore, the market players in the global virtual router market are adopting various strategies including mergers and acquisitions, technological advances, new product launches and expansion to remain competitive in the market. For instance, in 2021, Juniper Networks announced a new product launch with a vMX virtual router. This router operated by Junos operating system led to witness enhanced routing services and are highly implemented as business broadband services and customer premise equipment.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Component
o By Type
o By End-Users
- Competitive Landscape- IBM, Nokia Corporation, Cisco Systems Inc., Brocade Communication Systems Inc., Huawei Technologies Co. Ltd., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Virtual Router Market by Segment
By Component
- Solution
- Services
By Type
- Custom
- Predefined
By End-Users
- Service Providers
- Enterprises
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