Virtual Router Market Research Report - Global Forecast till 2027

Global Virtual Router Market Research Report, By Component (Solution, Services), By Type (Custom, Predefined), By End- Users (Service Providers, Enterprises), By Region (North America, Europe, Asia-Pacific, and Rest of the World) — Forecast till 2027

ID: MRFR/ICT/5248-HCR | February 2021 | Region: Global | 100 pages

Please note that the assessment period of report has been updated from 2018-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market Synopsis


A virtual router is a virtual representation or software instantiation of a hardware router. A virtual router is software-based routing framework that replicates the functionalities of a hardware-based Layer 3 IP router. Virtual routers incorporate Virtual Router Redundancy Protocol (VRRP) to enable a computer or server to perform network and packet routing functionalities of the router via software application which increases the reliability of the network. Furthermore, virtual router software can be hosted and migrated on any hardware device which allows decoupling of hardware and software facilitating dynamic and holistic network management. Virtual routers are majorly adopted in IT & telecommunication industry by service providers and in data centers due to benefits such as low costs for hardware maintenance and infrastructure, flexibility to migrate IP routing functions in a network or data center, and uninterrupted service across the entire network. Virtual routers through virtual IP routing provides service agility by increasing the rate at which services can be created and delivered as new services can be scaled and deployed without deployment of new hardware. Virtual routers also enable optimization of capital expenditure (CapEx) and lowers operational expenditures (OpEx).


Juniper Networks, one of the leading virtual routing solutions provider, offers vMX virtual router which runs on the Junos operating system offering enhanced routing services that support businesses, broadband services, and customer premise equipment (CPE). vMX provides features such as network function virtualization (NFV) optimization, faster deployment models, cost-effective network scale-out with subscription-based licensing. Virtual router market is considerably driven by increasing penetration of software defined networking (SDN) and network function virtualization (NFV). Virtual router market is expected to grow with the growing need for mobility, rising penetration of software-defined WAN, high demand for private cloud and virtual router applications across various industry verticals such as BFSI, manufacturing, healthcare, and telecommunication.


Global Virtual Router Market, 2018-2023 (USD Million) Virtual Router Market


Source: MRFR Analysis


The global virtual router market is expected to generate a market value of USD 327 million by 2023, growing at a 22.47% CAGR during the forecast period 2018–2023.


Segmentation.


Virtual router market study aims at different segments such as component, type, end-user, regions, and estimating market growth across these segments.


By component, the market is segmented into solution and service. The solution is further sub-segmented into integrated solution and standalone solution. The service is further sub-segmented into professional services and managed services.


By type, the market is segmented into custom and predefined virtual routers.


By end-user, the market is segmented into service provider and enterprises. The service provider is sub-segmented into data center, telecom and cloud. The enterprises is sub-segmented into banking, financial services and insurance (BFSI), healthcare, manufacturing, government, education, and others.


By region, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the world.


Regional Analysis


The global market for virtual router is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of virtual router market is studied for North America, Europe, Asia-Pacific, and the rest of the world. North America holds the largest market share for virtual router market due to increasing adoption of virtual routers by service providers and huge investments by key market players such as Cisco Systems, IBM Corporation, Juniper Networks and others for development of virtual router solutions in the US, Canada, and Mexico. Asia-Pacific is expected to be the fastest growing region in the virtual router market due to growing penetration of software defined networking (SDN) and network function virtualization (NFV) in countries such as China, India, Japan, and others.


Key Players


The prominent players in the virtual router are IBM Corporation (US),  Cisco Systems (US), Ericsson Inc. (US), Huawei Technologies Co., Ltd. (US), Nokia Corporation (Finland), Juniper Networks Inc. (US), netElastic Systems Inc. (US), Brocade Communications Systems (US), Hewlett Packard Enterprise Company (US),  Arista Networks Inc. (US), ZTE Corporation (China), Carbyne (Israel), Palo Alto Networks (US), Check Point Software Technologies (Israel), Ross Video (Canada), Inventum (India), DriveNets (Israel), 128 Technology Inc. (US), TRENDnet Inc. (US), Belkin International Inc. (US), TIME dotCom Berhad (Malaysia), ACCESS (Japan), Allied Telesis Inc. (Japan), Connectify Inc. (US), and 6WIND S.A. (France).


Intended Audience



  • Network service/solution provider

  • System Integrators

  • Mobile network operators

  • Telecom and ISP providers

  • Government Council

  • IT suppliers

  • Data center software providers

  • Cloud service providers



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 327 Million (2023)
  CAGR   22.47% (2018-2023)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Component, By Type
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   IBM Corporation (US), Cisco Systems (US), Ericsson Inc. (US), Huawei Technologies Co., Ltd. (US), Nokia Corporation (Finland), Juniper Networks Inc. (US), netElastic Systems Inc. (US), Brocade Communications Systems (US), Hewlett Packard Enterprise Company (US), Arista Networks Inc. (US), ZTE Corporation (China), Carbyne (Israel), Palo Alto Networks (US), Check Point Software Technologies (Israel), Ross Video (Canada), Inventum (India), DriveNets (Israel), 128 Technology Inc. (US), TRENDnet Inc. (US), Belkin International Inc. (US), TIME dotCom Berhad (Malaysia), ACCESS (Japan), Allied Telesis Inc. (Japan), Connectify Inc. (US), and 6WIND S.A. (France).
  Key Market Opportunities

  • Virtual router market is considerably driven by increasing penetration of software defined networking (SDN) and network function virtualization (NFV). \r\n
  • Virtual router market is expected to grow with the growing need for mobility, rising penetration of software-defined WAN, high demand for private cloud and virtual router applications across various industry verticals such as BFSI, manufacturing, healthcare, and telecommunication.

    		•
      Key Market Drivers   Asia-Pacific is expected to be the fastest growing region in the virtual router market due to growing penetration of software defined networking (SDN) and network function virtualization (NFV) in countries such as China, India, Japan, and others.


    Frequently Asked Questions (FAQ) :

    22.47% is the rate at which the market is set to advance over the next few years.

    The projected market size by 2023 can be USD 327 mn.

    The leading players in the global market are TIME dotCom Berhad (Malaysia), Ericsson Inc. (US), netElastic Systems Inc. (US), 128 Technology Inc. (US), Juniper Networks Inc. (US), Nokia Corporation (Finland), IBM Corporation (US), Arista Networks Inc. (US), ZTE Corporation (China), Palo Alto Networks (US), Hewlett Packard Enterprise Company (US), Inventum (India), Carbyne (Israel), Check Point Software Technologies (Israel), Belkin International Inc. (US), Ross Video (Canada), Brocade Communications Systems (US), DriveNets (Israel), Allied Telesis Inc. (Japan), Cisco Systems (US), ACCESS (Japan), Connectify Inc. (US), Huawei Technologies Co., Ltd. (US), 6WIND S.A. (France), TRENDnet Inc. (US), to name a few.

    APAC can attain the fastest CAGR in the near future.

    The market for virtual router benefits from the rising need for mobility, increasing penetration of software-defined WAN, mounting demand for private cloud along with the surge in applications across a number of industry verticals like manufacturing, BFSI, telecommunication, healthcare, among others.

    TABLE OF CONTENTS

    1 Executive Summary

    2 Scope of the Report

    2.1 Market Definition

    2.2 Scope of the Study

    2.2.1 Research Objectives

    2.2.2 Assumptions & Limitations

    2.3 Markets Structure

    3 Market Research Methodology

    3.1 Research Process

    3.2 Secondary Research

    3.3 Primary Research

    3.4 Forecast Model

    4 Market Landscape

    4.1 Porter’s Five Forces Analysis

    4.1.1 Threat of New Entrants

    4.1.2 Bargaining power of buyers

    4.1.3 Threat of substitutes

    4.1.4 Segment rivalry

    4.2 Value Chain/Supply Chain of Global Virtual Router Market

    5 Industry Overview of Global Virtual Router Market

    5.1 Introduction

    5.2 Growth Drivers

    5.3 Impact Analysis

    5.4 Market Challenges

    6 Market Trends

    6.1 Introduction

    6.2 Growth Trends

    6.3 Impact analysis

    7 Global Virtual Router Market by Component

    7.1 Introduction

    7.2 Solution

    7.2.1 Integrated Solution

    7.2.1.1 Market Estimates & Forecast, 2020-2027

    7.2.1.2 Market Estimates & Forecast by Region, 2020-2027

    7.2.2 Standalone Solution

    7.2.2.1 Market Estimates & Forecast, 2020-2027

    7.2.2.2 Market Estimates & Forecast by Region, 2020-2027

    7.3 Service

    7.3.1 Professional Services

    7.3.1.1 Market Estimates & Forecast, 2020-2027

    7.3.1.2 Market Estimates & Forecast by Region, 2020-2027

    7.3.2 Managed Services

    7.3.2.1 Market Estimates & Forecast, 2020-2027

    7.3.2.2 Market Estimates & Forecast by Region, 2020-2027

    8 Global Virtual Router Market by Type

    8.1 Introduction

    8.2 Custom

    8.2.1 Market Estimates & Forecast, 2020-2027

    8.2.2 Market Estimates & Forecast, by Region, 2020-2027

    8.3 Predefined

    8.3.1 Market Estimates & Forecast, 2020-2027

    8.3.2 Market Estimates & Forecast, by Region, 2020-2027

    9 Global Virtual Router Market by End-User

    9.1 Introduction

    9.2 Service Providers

    9.2.1 Data Center

    9.2.1.1 Market Estimates & Forecast, 2020-2027

    9.2.1.2 Market Estimates & Forecast, by Region, 2020-2027

    9.2.2 Telecom

    9.2.2.1 Market Estimates & Forecast, 2020-2027

    9.2.2.2 Market Estimates & Forecast, by Region, 2020-2027

    9.2.3 Cloud

    9.2.3.1 Market Estimates & Forecast, 2020-2027

    9.2.3.2 Market Estimates & Forecast, by Region, 2020-2027

    9.3 Enterprises

    9.3.1 BFSI

    9.3.1.1 Market Estimates & Forecast, 2020-2027

    9.3.1.2 Market Estimates & Forecast, by Region, 2020-2027

    9.3.2 Healthcare

    9.3.2.1 Market Estimates & Forecast, 2020-2027

    9.3.2.2 Market Estimates & Forecast, by Region, 2020-2027

    9.3.3 Manufacturing

    9.3.3.1 Market Estimates & Forecast, 2020-2027

    9.3.3.2 Market Estimates & Forecast, by Region, 2020-2027

    9.3.4 Government

    9.3.4.1 Market Estimates & Forecast, 2020-2027

    9.3.4.2 Market Estimates & Forecast, by Region, 2020-2027

    9.3.5 Education

    9.3.5.1 Market Estimates & Forecast, 2020-2027

    9.3.5.2 Market Estimates & Forecast, by Region, 2020-2027

    9.3.6 Others

    9.3.6.1 Market Estimates & Forecast, 2020-2027

    9.3.6.2 Market Estimates & Forecast, by Region, 2020-2027

    11. Global Virtual Router Market by Region

    11.1 Introduction

    11.2 North America

    11.2.1 Market Estimates & Forecast, by Country, 2020-2027

    11.2.2 Market Estimates & Forecast, by Component, 2020-2027

    11.2.3 Market Estimates & Forecast, by Type, 2020-2027

    11.2.4 Market Estimates & Forecast, by End-User, 2020-2027

    11.2.5 US

    11.2.5.1 Market Estimates & Forecast, by Component, 2020-2027

    11.2.5.2 Market Estimates & Forecast, by Type, 2020-2027

    11.2.5.3 Market Estimates & Forecast, by End-User, 2020-2027

    11.2.6 Canada

    11.2.6.1 Market Estimates & Forecast, by Component, 2020-2027

    11.2.6.2 Market Estimates & Forecast, by Type, 2020-2027

    11.2.6.3 Market Estimates & Forecast, by End-User, 2020-2027

    112.7 Mexico

    11.2.7.1 Market Estimates & Forecast, by Component, 2020-2027

    11.2.7.2 Market Estimates & Forecast, by Type, 2020-2027

    11.2.7.3 Market Estimates & Forecast, by End-User, 2020-2027

    11.3 Europe

    11.3.1 Market Estimates & Forecast, Country, 2020-2027

    11.3.2 Market Estimates & Forecast, by Component, 2020-2027

    11.3.3 Market Estimates & Forecast, by Type, 2020-2027

    11.3.4 Market Estimates & Forecast, by End-User, 2020-2027

    11.3.5 Germany

    11.3.5.1 Market Estimates & Forecast, by Component, 2020-2027

    11.3.5.2 Market Estimates & Forecast, by Type, 2020-2027

    11.3.5.3 Market Estimates & Forecast, by End-User, 2020-2027

    11.3.6 France

    11.3.6.1 Market Estimates & Forecast, by Component, 2020-2027

    11.3.6.2 Market Estimates & Forecast, by Type, 2020-2027

    11.3.6.3 Market Estimates & Forecast, by End-User, 2020-2027

    11.3.7 Italy

    11.3.7.1 Market Estimates & Forecast, by Component, 2020-2027

    11.3.7.2 Market Estimates & Forecast, by Type, 2020-2027

    11.3.7.3 Market Estimates & Forecast, by End-User, 2020-2027

    11.3.8 Spain

    11.3.8.1 Market Estimates & Forecast, by Component, 2020-2027

    11.3.8.2 Market Estimates & Forecast, by Type, 2020-2027

    11.3.8.3 Market Estimates & Forecast, by End-User, 2020-2027

    11.3.9 Rest of Europe

    11.3.9.1 Market Estimates & Forecast, by Component, 2020-2027

    11.3.9.2 Market Estimates & Forecast, by Type, 2020-2027

    11.3.9.3 Market Estimates & Forecast by End-User, 2020-2027

    11.4 Asia-Pacific

    11.4.1 Market Estimates & Forecast, by Country, 2020-2027

    11.4.2 Market Estimates & Forecast, by Component, 2020-2027

    11.4.3 Market Estimates & Forecast, by Type, 2020-2027

    11.4.4 Market Estimates & Forecast, by End-User, 2020-2027

    11.4.5 China

    11.4.5.1 Market Estimates & Forecast, by Component, 2020-2027

    11.4.5.2 Market Estimates & Forecast, by Type, 2020-2027

    11.4.5.3 Market Estimates & Forecast, by End-User, 2020-2027

    11.4.6 India

    11.4.6.1 Market Estimates & Forecast, by Component, 2020-2027

    11.4.6.2 Market Estimates & Forecast, by Type, 2020-2027

    11.4.6.3 Market Estimates & Forecast, by End-User, 2020-2027

    11.4.7 Japan

    11.4.7.1 Market Estimates & Forecast, by Component, 2020-2027

    11.4.7.2 Market Estimates & Forecast, by Type, 2020-2027

    11.4.7.3 Market Estimates & Forecast, by End-User, 2020-2027

    11.4.8 Rest of Asia-Pacific

    11.4.8.1 Market Estimates & Forecast, by Component, 2020-2027

    11.4.8.2 Market Estimates & Forecast, by Type, 2020-2027

    11.4.8.3 Market Estimates & Forecast, by End-User, 2020-2027

    11.5 Rest of the World

    11.5.1 Market Estimates & Forecast, Country, 2020-2027

    11.5.2 Market Estimates & Forecast, by Component, 2020-2027

    11.5.3 Market Estimates & Forecast, by Type, 2020-2027

    11.5.4 Market Estimates & Forecast, by End-User, 2020-2027

    11.5.5 Middle East & Africa

    11.5.5.1 Market Estimates & Forecast, by Component, 2020-2027

    11.5.5.2 Market Estimates & Forecast, by Type, 2020-2027

    11.5.5.3 Market Estimates & Forecast, by End-User, 2020-2027

    11.5.6 Latin America

    11.5.6.1 Market Estimates & Forecast, by Component, 2020-2027

    11.5.6.2 Market Estimates & Forecast, by Type, 2020-2027

    11.5.6.3 Market Estimates & Forecast, by End-User, 2020-2027

    12 Company Landscape

    13 Company Profiles

    13.1 IBM Corporation

    13.1.1 Company Overview

    13.1.2 Product/Business Segment Overview

    13.1.3 Financial Updates

    13.1.4 Key Developments

    13.2 Brocade Communications Systems

    13.2.1 Company Overview

    13.2.2 Product/Business Segment Overview

    13.2.3 Financial Updates

    13.2.4 Key Developments

    13.3 Ericsson

    13.3.1 Company Overview

    13.3.2 Product/Business Segment Overview

    13.3.3 Financial Updates

    13.3.4 Key Developments

    13.4 Huawei Technologies Co. Ltd.

    13.4.1 Company Overview

    13.4.2 Product/Business Segment Overview

    13.4.3 Financial Updates

    13.4.4 Key Developments

    13.5 Nokia Corporation

    13.5.1 Company Overview

    13.5.2 Product/Business Segment Overview

    13.5.3 Financial Updates

    13.5.4 Key Developments

    13.6 Juniper Networks

    13.6.1 Company Overview

    13.6.2 Product/Business Segment Overview

    13.6.3 Financial Updates

    13.6.4 Key Developments

    13.7 netElastic Systems Inc.

    13.7.1 Company Overview

    13.7.2 Product/Business Segment Overview

    13.7.3 Financial Updates

    13.7.4 Key Developments

    13.8 Hewlett Packard Enterprise

    13.8.1 Company Overview

    13.8.2 Product/Business Segment Overview

    13.8.3 Financial Updates

    13.8.4 Key Developments

    13.9 Arista Networks

    13.9.1 Company Overview

    13.9.2 Product/Business Segment Overview

    13.9.3 Financial Updates

    13.9.4 Key Developments

    13.10 ZTE Corporation

    13.10.1 Company Overview

    13.10.2 Product/Business Segment Overview

    13.10.3 Financial Updates

    13.10.4 Key Developments

    13.11 Palo Alto Networks

    13.11.1 Company Overview

    13.11.2 Product/Business Segment Overview

    13.11.3 Financial Updates

    13.11.4 Key Developments

    13.12 Cisco Systems

    13.12.1 Company Overview

    13.12.2 Product/Business Segment Overview

    13.12.3 Financial Updates

    13.12.4 Key Developments

    13.13 Check Point Software

    13.13.1 Company Overview

    13.13.2 Product/Business Segment Overview

    13.13.3 Financial Updates

    13.13.4 Key Developments

    13.14 Ross Video

    13.14.1 Company Overview

    13.14.2 Product/Business Segment Overview

    13.14.3 Financial Updates

    13.14.4 Key Developments

    13.15 Inventum

    13.15.1 Company Overview

    13.15.2 Product/Business Segment Overview

    13.15.3 Financial Updates

    13.15.4 Key Developments

    14 Conclusion

    LIST OF TABLES

    Table 1 Global Virtual Router Market Market, by Region, 2020-2027

    Table 2 North America: Virtual Router Market Market, by Country, 2020-2027

    Table 3 Europe: Virtual Router Market Market, by Country, 2020-2027

    Table 4 Asia-Pacific: Virtual Router Market, by Country, 2020-2027

    Table 5 Rest of The World: Virtual Router Market, by Country, 2020-2027

    Table 6 Global Virtual Router Market, by Component, 2020-2027

    Table 7 North America: Virtual Router Market by Component, 2020-2027

    Table 8 Europe: Virtual Router Market by Component, 2020-2027

    Table9 Asia-Pacific: Virtual Router Market by Component,2020-2027

    Table10 Rest of the world: Virtual Router Market by Component, 2020-2027

    Table11 Global Virtual Router Market by Type, 2020-2027

    Table12 North America: Virtual Router Market by Type, 2020-2027

    Table13 Europe: Virtual Router Market by Type, 2020-2027

    Table14 Asia-Pacific: Virtual Router Market by Type, 2020-2027

    Table15 Rest of the World: Virtual Router Market by Type, 2020-2027

    Table16 North America: Virtual Router Market by End-user, 2020-2027

    Table17 Europe: Virtual Router Market by End-user, 2020-2027

    Table18 Asia-Pacific: Virtual Router Market by End-user, 2020-2027

    Table19 Rest of the World: Virtual Router Market by End-user, 2020-2027

    LIST OF FIGURES

    FIGURE 1 Global Virtual Router Market Segmentation

    FIGURE 2 Forecast Methodology

    FIGURE 3 Porter’s Five Forces Analysis of Global Virtual Router Market

    FIGURE 4 Value Chain of Global Virtual Router Market

    FIGURE 5 Share of Global Virtual Router Market in 2020, by Country (in %)

    FIGURE 6 Global Virtual Router Market, 2020-2027

    FIGURE 7 Global Virtual Router Market Size, by Component, 2020

    FIGURE 8 Share of Global Virtual Router Market, by Component, 2020-2027

    FIGURE 9 Global Virtual Router Market Size, by Type, 2020

    FIGURE 10 Share of Global Virtual Router Market, by Type, 2020-2027

    FIGURE 11 Global Virtual Router Market Size, by End-user, 2020-2027

    FIGURE 12 Share of Global Virtual Router Market, by End-user, 2020-2027