$331.5 Million Virtual Router Market by Component, Type, End-User and Region - Global forecast to 2023
DUBLIN, Sept. 24, 2018 /PRNewswire/ --
The "Virtual Router Market by Component (Solution (Integrated and Standalone) and Service), Type (Predefined and Custom), End-User (Service Provider (Telecom, Data Center, and Cloud) and Enterprises), and Region - Global forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
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The global virtual router market size is expected to grow from USD 116.8 million in 2018 to USD 331.5 million by 2023, at a Compound Annual Growth Rate (CAGR) of 23.2% during the forecast period.
The major factors driving the growth of the virtual router market are the decrease in CAPEX and OPEX, increase in demand for SDN and NFV, and growing need for mobility.
The solutions segment is expected to account for the larger market size during the forecast period. The integrated solution segment is expected to hold the larger market size, as it provides high transparency and better control of the routing capability, and help users to save their operational cost by replacing hardware routers with virtual routers. On the contrary, the services segment is expected to grow at a higher rate during the forecast period.
The custom virtual router segment is expected to account for the larger market share as well as grow at a higher CAGR during the forecast period. Custom virtual routers enable users to build multiple virtual routers within a single routing device as per their specific routing requirements.
The service provider segment is expected to account for the larger market size during the forecast period, whereas the enterprises segment is expected to register a higher CAGR during the forecast period. Enterprises can use the virtual router at branch offices while service providers may deploy it as a Virtual Customer Premises Equipment (VCPE). Service providers require scalability and mobility within the networks, thus they have adopted virtual router solutions in the early stages of market evolution.
Among the service provider segment, the cloud service providers segment is expected to grow at the highest rate in the virtual router market, whereas the telecom service providers segment is expected to have the largest market size during the forecast period. The increasing adoption of virtual router solutions and services by telecom service providers has boosted the overall network capacity potential by delivering scalability and flexibility in routing functionalities. Cloud service providers are deploying virtual routers to their infrastructure to optimize their operations.
Virtual Router Market
The global virtual router market has been segmented on the basis of regions into North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). North America is expected to be the largest revenue generating region, due to the growing demand for virtual routers solutions to optimize the network infrastructure. APAC is expected to be the fastest growing region in the market during the forecast period.
Furthermore, concerns such as reluctance to move from the legacy system to the virtualized environment and lack of skills and expertise are major challenges for the virtual router market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities in the Virtual Router Market
4.2 Market By Service Provider
4.3 Market Analysis, By Region
4.4 Market Investment Scenario
5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Reduction in Capex and OPEX
5.2.1.2 Increase in the Demand for Sdn and Nfv is Expected to Boost the Adoption of Virtual Router
5.2.1.3 Increasing Need for Mobility
5.2.2 Restraints
5.2.2.1 Reluctance in Moving From the Legacy System to the Virtualized Environment
5.2.3 Opportunities
5.2.3.1 Demand for Private Cloud
5.2.3.2 Virtual Router Applications Across Network Segments
5.2.4 Challenges
5.2.4.1 Security Concerns Related to the Virtualized Environment
5.2.4.2 Lack of Skills and Expertise
5.3 Virtual Router Market: Use Cases
5.4 Standards
5.4.1 Transparent Interconnection of Lots of Links (Trill)
5.4.2 Virtual Ethernet Port Aggregator (Vepa)
5.4.3 Virtual Extensible Local Area Network (Vxlan)
5.4.4 Network Virtualization Using Generic Routing Encapsulation (Nvgre)
5.4.5 Shortest Path Bridging (Spb)
5.4.6 Fiber Channel Over Ethernet (Fcoe)
5.4.7 Data Center Bridging (Dcb)
5.4.7.1 Pfc (802.1qbb)
5.4.7.2 Bandwidth Management (802.1qaz)
5.4.7.3 Congestion Management (802.1qau)
5.4.7.4 Data Center Bridging Exchange (Dcbx)
6 Virtual Router Market, By Component
6.1 Introduction
6.2 Solution
6.2.1 Integrated Solution
6.2.2 Standalone Solution
6.3 Service
6.3.1 Professional Services
6.3.2 Managed Services
7 Market By Type
7.1 Introduction
7.2 Custom
7.3 Predefined
8 Virtual Router Market, By End-User
8.1 Introduction
8.2 Service Provider
8.2.1 Telecom
8.2.2 Data Center
8.2.3 Cloud
8.3 Enterprises
8.3.1 Banking, Financial Services, and Insurance
8.3.2 Manufacturing
8.3.3 Healthcare
8.3.4 Government and Defense
8.3.5 Education
9 Virtual Router Market, By Region
10 Competitive Landscape
10.1 Overview
10.2 Competitive Scenario
10.2.1 New Product/Service Launches and Upgradations
10.2.2 Partnerships, Collaborations, and Agreements
10.2.3 Mergers and Acquisitions
11 Company Profiles
11.1 Introduction
11.2 Cisco
11.3 Ericsson
11.4 Huawei Technologies
11.5 Nokia
11.6 Juniper Networks
11.7 IBM
11.8 Netelastic
11.9 Brocade
11.1 HPE
11.11 Arista Networks
11.12 ZTE Corporation
11.13 Carbyne
11.14 Palo Alto Networks
11.15 Ross Video
11.16 6wind
11.17 128 Technology
11.18 Trendnet
11.19 Linksys
11.20 Time
11.21 Allied Telesis
11.22 Check Point
11.23 Inventum
11.24 Drivenets
11.25 Access
11.26 Connectify
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