Overview
A virtual router is defined as a virtual representation or software instantiation of a hardware router. Market Research Future (MRFR) has published a research report on the global virtual router market appraises hike for this market at 22.47% CAGR (Compound Annual Growth Rate) between 2018 and 2023. By value, the market has been figured to be worth the US $ 327 mn by the end of the forecast period.
The vital driver for the global virtual router market is the incorporation of Virtual Router Redundancy Protocol (VRRP) that can enable a computer or server to perform network and packet routing functionalities of the router via the software application. These functionalities increase the reliability of the network. The use of virtual routers is increasing in the information technology (IT) & telecommunication industry due to benefits like the flexibility to migrate IP routing functions in a network or data center, low costs for hardware maintenance & infrastructure, and uninterrupted service across the entire network.
Via virtual IP routing, virtual routers can provide service agility by increasing the rate at which services can be created and delivered. This is because new services can be scaled and deployed without the deployment of new hardware. Virtual routers also optimize capital expenditure (CapEx) and lower operational expenditures (OpEx). Other factors aiding the market growth include growing need for mobility, high demand for private cloud, the necessity for virtual router applications across various industry verticals, and rising penetration of software-defined wide-area network (WAN).
Request Free Sample @ https://www.marketresearchfuture.com/sample_request/6711
Segments
The global virtual router market segmentation can segment the market into component, end-user, type, and lastly, region. The component-based segmentation segments this market into service and solution. Services have been sub-segmented into professional services and managed services. The solution segment has been sub-segmented into an integrated solution and standalone solution.
Based on end-user, the market can be segmented into enterprises and service provider. The enterprises segment has been sub-segmented into banking, financial services & insurance (BFSI), education, government, healthcare, manufacturing, and others. The service provider segment has been sub-segmented into the cloud, data center, and telecom. By type, the market can be segmented into custom virtual routers and predefined virtual routers.
The regional segmentation of the global virtual router market segments the market into regional markets known as Asia Pacific, North America, Europe, and the rest of the world (RoW). North America holds the largest market share in the global market due to increasing adoption of virtual routers by service providers, rapid technological advancement, and huge investments by key market players for the development of virtual router solutions in the USA, Canada, and Mexico.
Key Players
The key players in the global virtual router market include 6WIND S.A. (France), 128 Technology Inc. (USA), ACCESS (Japan), Allied Telesis Inc. (Japan), Arista Networks Inc. (USA), Belkin International Inc. (USA), Brocade Communications Systems (USA), Carbyne (Israel), Check Point Software Technologies (Israel), Cisco Systems (USA), Connectify Inc. (USA), DriveNets (Israel), Ericsson Inc. (USA), Hewlett Packard Enterprise Company (USA), Huawei Technologies Co. Ltd. (USA), IBM Corporation (USA), Inventum (India), Juniper Networks Inc. (USA), netElastic Systems Inc. (USA), Nokia Corporation (Finland), Palo Alto Networks (USA), Ross Video (Canada), TIME dotCom Berhad (Malaysia), TRENDnet Inc. (USA), and ZTE Corporation (China).
Regional Analysis
In Europe, the Virtual Router Market is growing due to the increasing adoption of virtual routers in countries like France, Germany, Italy, Spain, and the UK, followed by the remaining countries of Europe. Some key market players are based in Europe too. During the forecast period, the Asia Pacific region is expected to rise as the fastest growing regional market due to growing penetration of network function virtualization (NFV) and software-defined networking (SDN) in countries such as China, India, Japan, and Singapore, followed by the remaining countries of Asia Pacific region.
The RoW segment covers the countries of Latin America and the Middle East & Africa (MEA). Latin America is a small market because the availability of advanced technology is limited in this region. Argentina and Brazil are two strong economies that have the potential to rise as lucrative markets in the future. In the MEA region, the market is small due to poor countries, lack of education, lack of awareness, lack of skilled professionals, and lack of technological advancement.
Latest Industry News
Excitel Broadband, a high-speed Internet Service Provider (ISP) in India has successfully deployed 6WIND Turbo Router software appliances in order to provide ultra-fast broadband services for its 200,000 users. 19 MAR 2019
In JHComp, 6WIND has won a new customer from Brocade as JHComp are replacing virtual routers from Brocade with 6WIND virtual routers. 8 FEB 2019
LIST OF TABLES
Table 1 Global Virtual Router Market Market, By Region, 2018–2023
Table 2 North America: Virtual Router Market Market, By Country, 2018–2023
Table 3 Europe: Virtual Router Market Market, By Country, 2018–2023
Table 4 Asia-Pacific: Virtual Router Market, By Country, 2018–2023
Table 5 Rest Of The World: Virtual Router Market, By Country, 2018–2023
Continued…….
Check Discount @ https://www.marketresearchfuture.com/check-discount/6711
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 2017, By Country (In %)
Continued…….
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/virtual-router-market-6711