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Virtual Router Market Highlights, Statistics and Predictions by 2025 - Broadcom, Cisco, Ericsson, Huawei, HP
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The global virtual router market was valued at $90.00 million in 2017 and is projected to reach $515.00 million by 2025, growing at a CAGR of 24.4% from 2018 to 2025.
Based on the component, the solution segment dominated the global virtual router market in 2017 and is expected to continue this trend during the forecast period owing to growth in demand for virtual router solutions as numerous companies are expected to commit to multi-cloud architectures, both public and private, and from several different providers. Furthermore, the services segment is expected to grow at the highest CAGR during the forecast period, as it provides a cost-effective way of allowing easy access and keeping operations activity more secure for the organizations.
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This report provides a comprehensive analysis of
-Top impacting Growth Factors
-Competitive Analysis of Leading Market Players
-Current and Future Market Trends
-Market Segmentation
-Revenue Estimation by 2025
The global virtual router market was led by the BFSI segment in 2017 and is projected to maintain its dominance during the forecast period. However, the healthcare segment is expected to witness the highest growth, as the adoption of the virtual router has become essential for healthcare organizations, due to rise in concerns regarding security, cost, and complexity.
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