The global virtual router market is expected to grow at a significant CAGR during the forecast period 2021-2027. The rising demand for mobility, SDN, and NFV, reduced CAPEX and OPEX are predominant factors driving the market growth of the global virtual router market. The reduction in capital expenditure and operational expenditure served by virtual routers was a significant driver that enables the steady growth of the global virtual router market. The virtual router was a software-based router that was emerged as an alternative to hardware models and accepted by various organizations and virtualization environments. Additionally, the rising deployment of 5G technologies and increasing investment in 5G infrastructure will further be projected to drive the growth of the global virtual router market.
Furthermore, the market players in the global virtual router market are adopting various strategies including mergers and acquisitions, technological advances, new product launches and expansion to remain competitive in the market. For instance, in 2021, Juniper Networks announced a new product launch with a vMX virtual router. This router operated by Junos operating system led to witness enhanced routing services and are highly implemented as business broadband services and customer premise equipment.
Market Coverage
o By Component
o By Type
o By End-Users
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
Global Virtual Router Market by Segment
By Component
o Solution
o Services
By Type
o Custom
o Predefined
By End-Users
o Service Providers
o Enterprises
Global Virtual Router Market by Region
North America
Europe
Asia-Pacific
Rest of the World