Virtual Router market industry analysis to 2025 available in new report | CAGR 24.40%

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.

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.

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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.

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

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The Europe region dominated the overall market in 2017 primarily owing to growing demand for virtualization in networking. However, Asia-Pacific is expected to witness the highest growth rate during the forecast period.

The report focuses on the growth prospects and restraints of the market based on the analysis of the global virtual router market trends. The study provides Porters five forces analysis of the industry to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the growth of the market.

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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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