Virtual Router Market to Reach US$ 1,002.3 Million by 2030, Driven by Growing Adoption of Software-Defined Networking and Network Functions Virtualization

The global virtual router market is expected to reach US$ 233.3 million by 2030, with an annual growth rate of more than 23.2%

Wilmington, Nov. 22, 2023 (GLOBE NEWSWIRE) — According to

Global Virtual Router Market: Segmental and Market Share Analysis

• On the basis of type, enterprise segment is expected to account for a larger market size during the forecast period, as the enterprise offer reliable solutions as compared to the service providers.

Report Synopsis

Report Metrics	Details
Base Year	2023
Forecast Period	2023-2030
Base Year Market Size	US$ 233.3 million
Market Size Forecast	US$ 1,002.6 million
Growth Rate	23.2%
Dominant Segment	Professional
Dominant Region	Asia Pacific
Key Market Drivers	Growing adoption of cloud technologies Rise of remote work
Companies Profiled	128 Technology Brocade Communications Systems, Inc. Cisco Systems Inc. Ericsson Inc. Huawei Technologies Co., Ltd. Hewlett Packard Enterprise International Business Machines Corporation (IBM) Juniper Networks, Inc. Nokia Corporation Netronome Systems, Inc.

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Competition Analysis and Market Structure

Some leading players adopt various strategies to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global virtual router market include.

• In January 2022, Juniper Networks Inc. unveiled new software and hardware to help businesses manage their routers, constituting a critical corporate network-building piece. Juniper increased its foothold in the corporate router market in 2021 by paying USD 450 million for the acquisition of 128 Technology Inc.

Some of the prominent players and suppliers operating and contributing significantly to the global virtual router market growth include 128 Technology, Brocade Communications Systems, Inc., Cisco Systems Inc., Ericsson Inc., Huawei Technologies Co., Ltd., Hewlett Packard Enterprise, International Business Machines Corporation (IBM), Juniper Networks, Inc., Nokia Corporation, and Netronome Systems, Inc., among others.

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RationalStat has segmented the global virtual router market based on type, application, and region

• Global Virtual Router Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Type
  • Pre-Defined
  • Custom
• Global Virtual Router Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Application
  • Service Provider
  • Enterprise
• Global Virtual Router Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
  • North America Virtual Router Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
    • US
    • Canada
  • Latin America Virtual Router Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe Virtual Router Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe Virtual Router Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
    • Russia
    • Poland
    • Hungary
    • Other CIS Countries
    • Rest of Eastern Europe
  • Asia Pacific Virtual Router Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • ASEAN
      • Indonesia
      • Thailand
      • Philippines
      • Vietnam
      • Malaysia
      • Rest of ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa Virtual Router Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
    • GCC
      • Saudi Arabia (KSA)
      • United Arab Emirates (UAE)
      • Rest of the GCC
    • South Africa
    • Nigeria
    • Turkey
    • Rest of the Middle East & Africa

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Key Questions Answered in the Virtual Router Report:

• What will be the market value of the global virtual router market by 2030?
• What is the market size of the global virtual router market?
• What are the market drivers of the global virtual router market?
• What are the key trends in the global virtual router market?
• Which is the leading region in the global virtual router market?
• What are the major companies operating in the global virtual router market?
• What are the market shares by key segments in the global virtual router market?  

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Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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