Virtual Router Market to Reach US$ 1,002.3 Million by 2030, Driven by Growing Adoption of Software-Defined Networking and Network Functions Virtualization
The global virtual router market is expected to reach US$ 233.3 million by 2030, with an annual growth rate of more than 23.2%
Wilmington, Nov. 22, 2023 (GLOBE NEWSWIRE) -- According to *RationalStat**’s* recent industry report, the *Global Virtual Router Market* value is estimated at *US$ 233.3 million in 2023* and is expected to rise at a strong *CAGR of over 23.2%* over the forecast period of 2023-2030.
*Market Definition, Market Scope, and Report Overview *
A Virtual Router (VR) is a software-based routing architecture that performs the same functions as a physical Internet Protocol (IP) router but operates in a virtualized environment. Virtual routers, as opposed to traditional routers, run on virtual computers or cloud instances, making them very flexible, scalable, and cost-effective. They are widely utilized in a variety of networking contexts, such as data centers, cloud computing environments, and software-defined networking (SDN) configurations.
The growing acceptance of cloud technologies, the requirement for flexible and scalable networking solutions, and the push towards software-driven networking paradigms such as SDN and NFV are driving the expanding virtual router industry.
· According to a deep-dive market assessment by RationalStat, the global Virtual Router market has been analyzed *on the basis of market segments, including type, application, and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific)*. The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
· Market intelligence for the global Virtual Router market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
· In addition, the long-term sector and products/services 10-year outlook and its implications on the global Virtual Router market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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*Global* *Virtual Router Market: Segmental and Market Share Analysis*
· On the basis of type, enterprise segment is expected to account for a larger market size during the forecast period, as the enterprise offer reliable solutions as compared to the service providers.
*Report Synopsis*
Report Metrics Details
Base Year 2023
Forecast Period 2023-2030
Base Year Market Size US$ 233.3 million
Market Size Forecast US$ 1,002.6 million
Growth Rate 23.2%
Dominant Segment Professional
Dominant Region Asia Pacific
Key Market Drivers · Growing adoption of cloud technologies
· Rise of remote work
Companies Profiled · 128 Technology
· Brocade Communications Systems, Inc.
· Cisco Systems Inc.
· Ericsson Inc.
· Huawei Technologies Co., Ltd.
· Hewlett Packard Enterprise
· International Business Machines Corporation (IBM)
· Juniper Networks, Inc.
· Nokia Corporation
· Netronome Systems, Inc.
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*Competition Analysis and Market Structure *
Some leading players adopt various strategies to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global virtual router market include.
· In January 2022, Juniper Networks Inc. unveiled new software and hardware to help businesses manage their routers, constituting a critical corporate network-building piece. Juniper increased its foothold in the corporate router market in 2021 by paying USD 450 million for the acquisition of 128 Technology Inc.
Some of the prominent players and suppliers operating and contributing significantly to the global virtual router market growth include *128 Technology, Brocade Communications Systems, Inc., Cisco Systems Inc., Ericsson Inc., Huawei Technologies Co., Ltd., Hewlett Packard Enterprise, International Business Machines Corporation (IBM), Juniper Networks, Inc., Nokia Corporation, and Netronome Systems, Inc., **among others.*
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*RationalStat has segmented the global **virtual router* *market based on type, application, and region*
· *Global **Virtual Router* *Market ***Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Type**
· Pre-Defined
· Custom
· *Global **Virtual Router* *Market ***Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Application**
· Service Provider
· Enterprise
· *Global **Virtual Router* *Market **Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region*
· North America Virtual Router Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
· US
· Canada
· Latin America Virtual Router Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
· Brazil
· Mexico
· Rest of Latin America
· Western Europe Virtual Router Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
· Germany
· UK
· France
· Spain
· Italy
· Benelux
· Nordic
· Rest of Western Europe
· Eastern Europe Virtual Router Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
· Russia
· Poland
· Hungary
· Other CIS Countries
· Rest of Eastern Europe
· Asia Pacific Virtual Router Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
· China
· Japan
· India
· South Korea
· Australia
· ASEAN
· Indonesia
· Thailand
· Philippines
· Vietnam
· Malaysia
· Rest of ASEAN
· Rest of Asia Pacific
· Middle East & Africa Virtual Router Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
· GCC
· Saudi Arabia (KSA)
· United Arab Emirates (UAE)
· Rest of the GCC
· South Africa
· Nigeria
· Turkey
· Rest of the Middle East & Africa
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*Key Questions Answered in the **Virtual Router* *Report:*
· What will be the market value of the global virtual router market by 2030?
· What is the market size of the global virtual router market?
· What are the market drivers of the global virtual router market?
· What are the key trends in the global virtual router market?
· Which is the leading region in the global virtual router market?
· What are the major companies operating in the global virtual router market?
· What are the market shares by key segments in the global virtual router market?
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*Research Methodology*
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
· Defining the problem by understanding the type of market and data required by the client.
· Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
· Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
· Evaluating and analyzing the data by referring to data sources utilized and leveraged.
· Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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