Virtual Router Market Is One Of The Fastest Growing Business Nowadays and Expected to Reach at $515.00 million by 2025, Report
Pune, Maharashtra, India, September 16 2020 (Wiredrelease) Allied Analytics :The Objective of the Virtual Router Market report is to depict the trends and upcoming for Virtual Router Industry over the forecast years. In Virtual Router Market report data has been gathered from industry specialists/experts. Although the market size of the market is studied and predicted from 2018 to 2025 mulling over 2017 as the base year of the market study. Attentiveness for the market has increased in recent decades due to development and improvement in the innovation.
According to the report, the global virtual router market was valued at $90.00 million in 2017, and is likely to accrue a sum of $515.00 million by 2025, growing at a CAGR of 24.40% from 2018 to 2025.
A detailed analysis of the market dynamics, which includes the drivers, restraints, and opportunities of the industry is offered in the study. Factors such as rise in need to improve network agility and efficient scale out by service providers, demand for reduction in total cost of ownership (TCO), and upsurge in the demand for SDN and NFV are driving the market. However, security concerns associated with virtualized environment and inability of a virtual router to perform the functions of a heavy-duty core IP router is likely to hinder the market growth. On the other hand, high adoption of virtual router among small and medium sized organizations and high demand for private cloud are likely to provide opportunities for the growth of the market.
The research offers a broad explanation of the different segments of the virtual router market. The report segments the market report based on component, end-user, and region. By component, the market is divided into software and services. By end-user, the market is classified into service provider and end user. Regionally, the market analysis covers North America, Europe, Asia-Pacific, and LAMEA.
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A detailed analysis of the players operating in the virtual router market is also offered in the report. Aspects such as company overview, operating business segments, product portfolio, and key strategic moves and developments are discussed. The companies analyzed are 128 Technology, 6 WIND, Broadcom (Brocade Communications Systems), Cisco Systems, Ericsson, Hewlett Packard Enterprise, Huawei Technologies Co., Ltd., International Business Machines Corporation (IBM), Juniper Networks, Inc., Netronome, and Nokia.
The report provides an in-depth analysis of the global virtual router market, covering aspects such as market size and share, market segmentation, competitive landscape, market drivers and restraints, market trends, and market forecast. The information provided in the report is a result of an extensive primary and secondary research activities. The study serves as useful tool for market players, investors, and other individuals interested about the market. It helps them get readily available information to understand the market trends and opportunities.
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Driving factors for the market
1. Rise in need to improve network agility and efficient scale out by service providers
2. Demand of reduction in total cost of ownership (TCO)
3. Upsurge in the demand for SDN and NFV
Market Restraints and Opportunities:
1. Security concerns associated with the virtualized environment
2. Unable to perform the functions of a heavy duty core IP router
3. High adoption among small and medium organizations
4. Demand for private cloud
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