$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.
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 lexibility 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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