|12-06-2018 06:47 PM CET - IT, New Media & Software||
Virtual Router Market to 2025 ( 24.40% CAGR Expected) Prominent Key Players Profiles 128 Technology, 6WIND, Broadcom, Cisco Systems, Ericsson, Hewlett Packard Enterprise, Huawei Technologies, IBM, Juniper Networks, Netronome, Nokia
Press release from: Allied Market Research
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.
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Increase in need to improve network agility and efficient scale out by service providers, growth in demand for software-defined networking (SDN), network functions virtualization (NFV) technologies, shift in preference toward virtual router, and rise in requirement of scalable, agile, and cost-efficient cloud networking solution, majorly boost the growth of the market.
However, the inability of the virtual router to perform functions of heavy duty core IP routers is expected to hamper the growth of the global virtual router market.
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.
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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.
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 adoption of virtual router has become essential for healthcare organizations, due to rise in concerns regarding security, cost, and complexity.
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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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