Virtual routers are driving enterprises worldwide towards a completely agile infrastructure

The report published by Knowledge Sourcing Intelligence titled “Global Virtual Router Market - Forecasts from 2018 to 2023” studies the various factors affecting the demand for virtual routers among end-users worldwide. The market has been segmented by type (predefined, custom), product (software, services), deployment model (on-premise, cloud), and end users (telco providers, cloud providers, enterprises).

In conjunction with this, the demand for these solutions and services has been estimated across all major geographies namely North America, South America, Europe, Middle East and Africa and the Asia Pacific. To give a clearer view of this market across these geographies, the regional market has been further segmented into countries which account for a significant share in the market. The growth of this market is being driven by increasing the focus of enterprises towards reducing their IT expenditure in order to improve their profit margins. Since hardware constitutes a significant portion of total IT expenses, enterprises are moving towards virtualization. This is increasing the demand for virtual routers among them, thus boosting the market growth. As competition across industries continues to grow, the demand for agile infrastructure is increasing among end users. Since virtual routers offer high levels of agility by allowing the movement of routing functions over a network, their demand is witnessing a continuous increase. This is further boosting the growth of this market.

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By deployment model, cloud holds a major share in the market

Deployment of virtual routers in the cloud has been witnessing an impressive increase over the past few years. This growth is being driven by the presence of a good number of vendors offering attractive pricing models for deployment of solutions in the cloud. High ease of use and even higher cost savings offered by these solutions is increasing their deployment in the cloud, thus boosting the growth of this sub-segment. On-premise deployments will also witness good growth which will be driven by rising security and data privacy concerns among many end users.

North America and Europe hold a major share in this market

North America and Europe continue to make the highest contribution to the demand for virtual routers among all major geographies. Booming communication and technology industry in these regions and the availability of favorable infrastructure in these regions for the implementation of advanced technologies are fueling the adoption of these solutions and services among end users here. The market in the Asia Pacific is expected to witness the fastest growth rate over the projected period. This growth will be attributed to huge investments being poured by players across industries in this region. As businesses expand here and focus towards agility remains at the forefront of many companies’ growth strategies, the adoption of virtual routers will also witness good growth.

This report also includes a study of strategies and product portfolios of some of the leading companies in the virtual router market. Major companies profiled as a part of this report are Brocade Communications, Juniper Networks, Cisco, Alcatel-Lucent, VMware, Telefonaktiebolaget LM Ericsson, 128 Technology, 6WIND, and Huawei.

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About Us:
Knowledge Sourcing Intelligence (KSI) is a market research and consulting organization based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with whole market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.

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This release was published on openPR.