Virtual routers are driving enterprises worldwide towards a completely agile infrastructure
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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