Emphasis on Component (Solution, and Services); Type (Custom, And Predefined); End-Users (Telecom Providers, Cloud Providers, Enterprises); Region/Country.
The Virtual Router Market is expected to grow at a strong CAGR of 23.35% during the forecast period owing to the rise in the need to improve network agility and efficiency globally. A virtual router is a software-based routing framework that gives the host machine the ability to act like a traditional hardware router over a local area network. Virtual routers are more cost-effective as compared with physical routers. Moreover, they are easy and quick to set up. In addition, they don’t require physical access to the router to be easily configured or updated remotely. Second, virtual switches are more adaptable than conventional equipment switches. Moreover, the increments in demand for requirements like agile, scalable, efficient, and cost-effective cloud network solutions along with virtual router solutions are accelerating the market.
Some of the major players operating in the market include Cisco Systems, Inc., Ericsson Inc., Huawei Technologies Co., Ltd., Nokia Corporation, Juniper Networks, Inc., Brocade Communications Systems, Inc., IBM, Microsoft Azure, Google LLC, Netronome.
Insights Presented in the Report
“Amongst components, the solution segment holds a considerable share of the market during the forecast period.”
Based on components, the market is bifurcated into solutions and services. Among these, the solution segment holds the highest share of the market as it provides various solutions and offers to consumers. For example, Software-based virtual routers run on virtual machines or cloud platforms and provide routing functionality through software. They offer flexibility, scalability, and cost-effectiveness compared to traditional hardware-based routers. These solutions can be deployed in data centers, cloud environments, or edge networks.
“Amongst type, the custom segment captured the majority share of the Virtual Router market in 2021.”
Based on type, the market is bifurcated into custom and predefined and among these, the custom segments hold a considerable share of the market. Custom-type virtual routers refer to virtual router solutions that are specifically tailored or customized to meet the unique requirements of individual organizations or customers. While there is no specific market segment dedicated solely to custom-type virtual routers, there is a demand for customization in the virtual router market.
“North America holds the largest share of the Virtual Router Market in 2021.”
North American enterprises have been actively embracing digital transformation to enhance their competitiveness and efficiency. Virtual routers offer a flexible and scalable networking solution that aligns with the evolving needs of these organizations. As businesses adopt cloud computing, software-defined networking, and virtualized network functions, the demand for virtual routers increases. Moreover, the North American region has been at the forefront of cloud adoption, with a significant number of businesses leveraging public, private, and hybrid cloud environments. Virtual routers play a crucial role in enabling connectivity between on-premises networks and the cloud. They facilitate secure and efficient data transfer, routing, and integration between various cloud resources and the enterprise network.
Virtual Router Market Report Coverage
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Key Insights
4. Executive Summary
5. Global Virtual Router Market Covid-19 Impact
6. Global Virtual Router Market Revenue, 2020-2030f
7. Market Insights By Component
8. Market Insights By Type
9. Market Insights By End-users
10. Market Insights By Region
11. Virtual Router Market Dynamics
12. Virtual Router Market Opportunities
13. Virtual Router Market Trends
14. Demand And Supply-side Analysis
15. Value Chain Analysis
16. Pricing Analysis
17. Strategic Insights
18. Competitive Scenario
19. Company Profiled
20. Disclaimer
Research Methodology for the Virtual Router Market Analysis (2022-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global Virtual Router market were the three major steps undertaken to create and analyze the adoption of Virtual Router in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Virtual Router market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Virtual Router market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Virtual Router market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as component, type, and end-users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Virtual Router market. Further, we conducted factor analysis using dependent and independent variables such as component, development mode, security type, Virtual Router attacks, and industry type. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Virtual Router market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Virtual Router market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Virtual Router market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of the component, application, industry, and deployment mode in the global Virtual Router market.
The main objective of the Global Virtual Router Market Study
The current & future market trends of the global Virtual Router market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
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