New report published by QY Research which offers insights on the global Virtual Router market. The Virtual Router market has been experiencing steady growth graph since past years. During the 2017-2025 timeline, the global market for Virtual Router is expected to reflect a 6.1x increase in the revenue growth. In 2017 the global Virtual Router market was valued at US$ 112 Mn and by the end of the assessment year (2025), it is estimated to touch a value more than US$ 683 Mn growing at a value CAGR of 25.31% throughout the period of forecast.
A virtual router is a virtual instantiation of a hardware router. It is a software function that replicates the capabilities of a hardware-based Layer 3 IP router, in software. The significance of virtual router is on the rise, majorly for telecom service providers. It offers numerous benefits such as reduction in the total cost of ownership (TCO), scalability, flexibility, pay as you grow model, which has fueled the shift in preference of organizations toward virtual router.
The global virtual router market is influenced by numerous factors such as rise in need to improve network agility and efficient scale out by service providers, increase in demand for reduction in total cost of ownership (TCO), surge in the demand for software-defined networking (SDN) and network functions virtualization (NFV), are anticipated to increase the adoption of virtual router, and demand for private cloud. However, virtual router is unable to perform the functions of a heavy-duty core IP router, which is expected to hamper the market growth during the forecast period. These factors are anticipated to provide several opportunities for the market growth. However, each factor has its definite impact on the market.
This report focuses on the global Virtual Router status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Virtual Router development in United States, Europe and China.
The key players covered in this study
Palo Alto Networks
Market segment by Type, the product can be split into
Market segment by Application, split into
Service Provider (Telecom, Data Center, and Cloud)
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Virtual Router status, future forecast, growth opportunity, key market and key players.
To present the Virtual Router development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Virtual Router are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.