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Global Virtual Router Market Research Report 2022-2027:
According to the latest report by IMARC Group, titled " Virtual Router Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022 -2027
," the global virtual router market reached a value of US$ 176.6 Million in 2021.
Virtual routers are software-based routing frameworks that enable a host machine to function as a conventional hardware router across a local area network. With its virtual router identifier (VRID) found at the last byte of its address, it shares an internet connection with the Wi-Fi device, allowing multiple devices to segment network paths for a single connection. The device simplifies network management by reducing the number of physical routers needed.
Additionally, the system helps to separate traffic and enhances network security by removing the need for encryption and authentication. Consequently, it finds extensive applications in virtual broadband services, virtual route reflections, and virtual cloud gateways.
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The global market is majorly driven by the rising popularity of software-defined networking (SDN) and network functions virtualization (NFV). In addition to this, the increasing utilization of cloud-based services, along with the escalating need for mobility, is providing an impetus to the market. Moreover, the rapid expansion of data centers and communication service providers (CSPs) across the globe is also resulting in a higher product uptake. Apart from this, the augmenting adoption of 4G and the increasing deployment of 5G infrastructure are creating a positive outlook for the market.
The market is further driven by the rapid utilization of virtual router redundancy protocol (VRRP) for separating traffic and escalating network security. Some of the other factors contributing to the market include rapid urbanization, continual technological advancements, and extensive research and development (R&D) activities.
Looking forward, IMARC Group expects the market to reach US$ 614.6 Million by 2027, exhibiting at a CAGR of 22.30% during 2022-2027.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/virtual-router-market
Key Market Segmentation
The research report includes the following segments:
Breakup by Component:
• Solution
• Service
Breakup by Type:
• Pre-defined
• Custom
Breakup by End User:
• Service Provider
• Enterprise
Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
Competitive Landscape with Key Players:
• 6WIND
• Allied Telesis Inc
• Arista Networks Inc
• Check Point Software Technologies Ltd
• Cisco Systems Inc
• Hewlett Packard Enterprise Company
• Huawei Technologies Co. Ltd
• International Business Machines Corporation
• Juniper Networks Inc
• Nokia Corporation
• Palo Alto Networks Inc
• ZTE Corporation
1. What was the size of the global virtual router market in 2021?
2. What is the expected growth rate of the global virtual router market during 2022-2027?
3. What are the key factors driving the global virtual router market?
4. What has been the impact of COVID-19 on the global virtual router market?
5. What is the breakup of the global virtual router market based on the component?
6. What is the breakup of the global virtual router market based on the type?
7. What is the breakup of the global virtual router market based on the end user?
8. What are the key regions in the global virtual router market?
9. Who are the key players/companies in the global virtual router market?
Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/virtual-router-market/toc
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