Global Virtual Router market
Additionally, the market for virtual routers is positively impacted by the rise in IoT usage, increased system availability, rapid digitalization, rise in linked devices, and shift in consumer choice. Additionally, the rise in demand for private clouds and the use of virtual router technology by small and medium-sized businesses provide lucrative prospects to market participants during the projection period.
A software-based routing system called a virtual router allows the host computer to function across a local area network much like a standard hardware router. It is scalable and adaptable. The last byte of the address contains a special virtual router identifier (VRID) that serves as its identification. A virtual router has a wide range of uses in the global telecommunications sector since it can reduce hardware costs, speed up the development of new applications, and process packets in real-time.
Increased Demand for Service Providers to Increase Network Agility and Effectively Scale Out
Increased need for more effective scale-out and improved network agility is anticipated to fuel market expansion. The edge network of communication service providers can easily and quickly scale up their bandwidth and services thanks to virtual routing (CSPs). On its network edge, CSPs use a mix of hardware routers and appliances. This deployment architecture is typically geared for centralised service delivery and high traffic volumes. For low-bandwidth applications, though, this can be ineffective and expensive, posing an artificial barrier to entry for new services and markets. Thus, CSPs feel the necessity to deploy virtual routers for dispersed edge designs and agile service of lower bandwidth applications.
Demand for Lower Total Cost of Ownership (TCO)
Since they offer so many advantages over traditional routers, virtual routers are a highly effective solution. For instance, reducing an organization's capex and opex will reduce the total cost of ownership (TCO).
Equipment, operational, and facility costs can be decreased with the use of cloud-based virtual routers. Additionally, network functions virtualization (NFV) and cloud computing can help manage rapid demand growth while lowering capital and operating costs (capex and opex). Thus, service providers are giving it more consideration. These savings significantly reduce the total cost of ownership (TCO) for service providers and boost agility, both of which are essential for thriving in the current difficult telecom environment. Additionally, virtualizing programmes makes complex procedures simpler, increasing agility and adaptability. Examples include scaling, healing, and software upgrades.
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Market Segmentation
Global
Market Player
Recent Development
- To enhance thetoolkit for intuitively and dynamically controlling virtual production, RossVideo, a Canadian firm, developed their most recent generation of controlinterface (UX4).
- Cisco introduced anew consumption model for their Cisco Tetration product for data centres andthe cloud.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2024-2028 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | Component Type End Users |
| Regional scope | North America; Asia-Pacific; Europe; South America; Middle East |
| Country scope | United States, Canada, Mexico, China, Indian, Japan, South Korea, Australia, Singapore, Malaysia, Germany, United Kingdom, France, Russia, Spain, Belgium, Italy, Brazil, Colombia, Argentina, Peru, Chile, , Saudi Arabia, South Africa, UAE, Israel, Turkey |
| Key companies profiled | Juniper Networks, Inc, Telefonaktiebolaget LM Ericsson, Broadcom Inc., 6WIND, Huawei Technologies Co., Ltd., Hewlett Packard Enterprise Development LP, IBM Corporation, Cisco Systems, Inc., Nokia Corporation, 128 Technology |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
