Virtual Router Market, By Component (Solution, Service), By Type (Custom, Predefined), By End- Users (Service Providers, Enterprises), By Region – Global Analysis Forecast Till 2030

The Global Virtual Routers Market is expected to reach USD 1062.24 billion by 2030 from USD 168.30 billion in 2021. The global virtual router market is projected to grow at a CAGR of 23.6% from 2022 to 2030.

A virtual router is a routing architecture that runs on software and simulates a standard hardware router. Virtual router software uses the host's hardware when installed on a device, such as a laptop or a server, to carry out the network and packet routing tasks that a standard router carries out. In the last byte of the address, there is a special virtual router identifier for each virtual router. By using the Virtual Router Redundancy Protocol, virtual routers can be deployed to increase the network's dependability (VRRP).

The automatic assignment of all obtainable Internet Protocol (IP) routers to participating hosts is the responsibility of VRRP. Consequently, virtual routers allow for virtual routing, which is a type of network function virtualization (NFV). Due to the intrinsic independence of virtual routing instances, IP addresses can overlap without interfering with one another.

A virtual router, also known as vRouter or virtual WiFi router, is a software-based solution that enables users to create a virtual hotspot or wireless network without the need for physical hardware. It offers the convenience of setting up a free virtual router on your computer or device, transforming it into a powerful networking tool. With a virtual router, you can easily share your internet connection with other devices, create a secure wireless network, and manage network settings effortlessly. The flexibility and cost-effectiveness of virtual routers make them an ideal choice for individuals and businesses seeking convenient networking solutions.

Market Dynamics

Drivers:

The market for virtual routers is primarily driven by the rising acceptance of Software Defined Networking (SDN) and NFV on a global scale. Numerous sophisticated virtual router software solutions have been created as NFV and SDN have grown in prominence. As they enable traffic encapsulation through IP-based tunnels, these systems take a "overlay" approach. Along with that, a number of virtual routers with WAN applications have entered the market. More applications are made possible by the fact that these cutting-edge virtual router solutions may be placed on hardware that is already industry standard. Due to the widespread use of virtual routers made possible by these capabilities, the global market has expanded.

Restraints:

A number of factors, including the rise in demand for software-defined networking (SDN) and network functions virtualization (NFV), which are anticipated to increase the adoption of virtual routers, and demand for private cloud, have an impact on the global virtual router market. These factors include the need for service providers to improve network agility and efficiently scale out, the rise in demand for lower total cost of ownership (TCO), and the surge in demand for SDN and NFV. Virtual routers, however, are unable to carry out the duties of a powerful core IP router, which is anticipated to restrain market growth for virtual routers over the forecast period. Numerous prospects for the virtual router market are foreseen as a result of these characteristics. Each aspect does, however, undoubtedly have an impact on the market.

Key players:

• Alcatel-Lucent

• Cisco Systems

• Brocade Communication Systems

• Huawei Technologies Co., Ltd.

• and Juniper Networks

• And Others

Market Segmentation:

Virtual Router Market, By Component:

• Solution

• Service

Virtual Router Market, Breakup by Type:

• Pre-defined

• Custom

Virtual Router Market, Breakup by End User:

• Service Provider

• Enterprise

Virtual Router Market, 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

Regional Analysis:

All of the world's major regions are predicted to see growth in the virtual router market. The most recent advancements in networking technology are being observed in North America, Europe, and a few nations in RoW. The main elements anticipated to propel the overall market expansion in APAC and Europe are expanding demand for network optimization, private cloud usage, rising mobility needs, increasing deployment of SDN and NFV infrastructure, and rising Bring Your Own Device (BYOD) trend among companies. During the forecast period, North America is expected to develop steadily, but countries in RoW, which are currently in the implementation phase, are anticipated to increase moderately.

Scope of the Report:

User

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