Virtual Router Market Size and Growth Rate:
According
to the Research Report by Research Cosmos, The Global Virtual Router Market
Size was valued at USD 90.00 million in 2017 and is projected to reach USD
515.00 million by 2025, growing at a CAGR of 24.4% from 2018 to 2025.
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Virtual Router Market @
Virtual Router Market Overview:
A virtual
router is a virtualized instantiation of a hardware router. A feature of the
software that replicates the functionality of a layer 3 IP router based on
software. The importance of virtual routers is being developed. The advantages
include the reduction of intellectual property costs, total cost of ownership,
amplitude, flexibility and cost savings from an increase in models, which can
accelerate the transition to the virtual router from an organization.
Virtual Router Market Growth Drivers and
Restraints:
The market
of virtual routers is becoming increasingly popular through the
software-defined Network (SDN) and NFV. With this growth in the popularity of
NFV and SDN, several advanced solutions of virtual router software have been
developed. These solutions use a "superposition" approach to
encapsulate traffic on IP-based tunnels. In addition, several virtual routers
that use WAN (Wide Area Networking) applications have been introduced to the
market. This advanced virtual router solution can also be installed on industry
standard hardware to support a wide range of applications. This ability has
boosted market growth by facilitating the application of virtual routers around
the world. And since you do not need to install dedicated hardware solutions
for routing, which can significantly reduce the costs. This factor also has a
positive impact on the demand of virtual routers around the world. Since demand
for virtual routers on behalf of WAN-based routers grows, the global market is
increasingly active.
However,
the fact that virtual routers cannot perform the functions of a powerful IP
network router limits the growth of the market to a certain extent. With the
evolution of the software of virtual routers, it is expected that the demand of
other end-user virtual networks will increase, providing some opportunities for
growth in the market during the forecast period.
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Virtual Router Market Geographical Segmentation:
Based on
the region, Europe will dominate the global virtual router market in 2017, and
this trend is expected to continue during the forecast period, driven by
increased awareness of NFV and SDN benefits and cost savings in Europe. In
addition, the Asia Pacific region is expected to grow at the highest CAGR over
the forecast period due to increased adoption of cloud-based computing and
storage technologies. Besides, key personnel in the cloud and data center
ecosystem are adopting a variety of development strategies, such as
partnerships in emerging markets, due to the development of the communications
industry in Asia Pacific.
Major
companies in the virtual router market are Nokia Corporation [Alcatel-Lucent]
(Finland), Cisco Systems (USA), Brocade Communication Systems (USA), Huawei
Technologies Co., Ltd. (China) and Juniper Networks (USA).
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