Global virtual router market to reach $515 million by 2025: AMR

According to the report published by Allied Market Research, the global virtual router market contributed $90 million in 2017 and is estimated to reach $515 million by 2025, growing at a CAGR of 24.4% from 2018 to 2025. The report offers an extensive analysis of value chain, changing market dynamics, market size & projections, key segments, and leading market players.

Enhancements in network agility, surge in efficiency of scale out, increase in demand for private cloud fuel the growth in the global virtual router market. Furthermore, virtual routers present a great option for traditional, physical routers, owing to reduction in the total cost of ownership (TCO) for service providers. This in turn, escalates the market growth. On the other hand, an inability to perform functions of a heavy-duty core IP router restrains the market growth. Contrarily, rise in demand for NFV and SDN is expected to offer new opportunities for market players in the future.

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Services segment to dominate in terms of revenue by 2025

The services segment contributed the highest market share, accounting for more than two-thirds of the total share in 2017, and is expected to dominate by 2025. This is due to the increase in requirement for tracking and updating the virtual router software. However, the software segment would undergo the highest growth rate with a CAGR of 25.6% during the forecast period, owing to preference for virtual router software by large enterprises and SMEs to reduce the capital expenditure.

Enterprise segment to maintain its lead position during the forecast period

The enterprise segment accounted for the largest share in 2017, contributing nearly three-fifths of the total market share, owing to elimination of burden of installation and management of complex hardware and software. However, the service provider segment would grow at the highest CAGR of 25.1% during the forecast period, owing to surge in adoption of virtual routers by cloud service and telecom providers for developing an optimal network architecture.

Asia-Pacific to grow at the fastest CAGR by 2025

Asia-Pacific region would grow at the highest CAGR of 28.4% during the forecast period, owing to innovations and developments in the telecom industry and rise in preferences of virtual routers by telecom service providers. However, Europe held a dominant share in terms of revenue, contributing nearly one-third of the total revenue, owing to increase in competition among cloud-based service providers in the region. The other regions discussed in the research include North America and Latin America, Middle East, and Africa (LAMEA).

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Leading market players

Leading market players analyzed in the research include 128 Technology, Hewlett Packard Enterprise, Cisco Systems, Broadcom (Brocade Communications Systems), Huawei Technologies Co., Ltd., Nokia, Juniper Networks, International Business Machines Corporation (IBM), Ericsson, 6WIND, and Netronome. They have implemented several strategies such as new product launch, collaborations, partnerships, mergers & acquisitions, and others to maintain its lead position in the industry.

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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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