Virtual Router Market Size to Reach CAGR of 24.4% by 2025 with Market Key Players - Nokia Corporation [Alcatel-Lucent] (Finland), Cisco Systems (USA), Brocade Communication Systems (USA), Huawei Technologies Co., Ltd. (China) and Juniper Networks (USA).

Virtual Router Market Size and Growth Rate:

According to the Research Report by Research Cosmos, The Global Virtual Router Market Size was valued at USD 90.00 million in 2017 and is projected to reach USD 515.00 million by 2025, growing at a CAGR of 24.4% from 2018 to 2025.

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Virtual Router Market Overview:

A virtual router is a virtualized instantiation of a hardware router. A feature of the software that replicates the functionality of a layer 3 IP router based on software. The importance of virtual routers is being developed. The advantages include the reduction of intellectual property costs, total cost of ownership, amplitude, flexibility and cost savings from an increase in models, which can accelerate the transition to the virtual router from an organization.

Virtual Router Market Growth Drivers and Restraints:

The market of virtual routers is becoming increasingly popular through the software-defined Network (SDN) and NFV. With this growth in the popularity of NFV and SDN, several advanced solutions of virtual router software have been developed. These solutions use a "superposition" approach to encapsulate traffic on IP-based tunnels. In addition, several virtual routers that use WAN (Wide Area Networking) applications have been introduced to the market. This advanced virtual router solution can also be installed on industry standard hardware to support a wide range of applications. This ability has boosted market growth by facilitating the application of virtual routers around the world. And since you do not need to install dedicated hardware solutions for routing, which can significantly reduce the costs. This factor also has a positive impact on the demand of virtual routers around the world. Since demand for virtual routers on behalf of WAN-based routers grows, the global market is increasingly active.

However, the fact that virtual routers cannot perform the functions of a powerful IP network router limits the growth of the market to a certain extent. With the evolution of the software of virtual routers, it is expected that the demand of other end-user virtual networks will increase, providing some opportunities for growth in the market during the forecast period.

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Virtual Router Market Geographical Segmentation:

Based on the region, Europe will dominate the global virtual router market in 2017, and this trend is expected to continue during the forecast period, driven by increased awareness of NFV and SDN benefits and cost savings in Europe. In addition, the Asia Pacific region is expected to grow at the highest CAGR over the forecast period due to increased adoption of cloud-based computing and storage technologies. Besides, key personnel in the cloud and data center ecosystem are adopting a variety of development strategies, such as partnerships in emerging markets, due to the development of the communications industry in Asia Pacific.

Key Players of the Virtual Router Market:

Major companies in the virtual router market are Nokia Corporation [Alcatel-Lucent] (Finland), Cisco Systems (USA), Brocade Communication Systems (USA), Huawei Technologies Co., Ltd. (China) and Juniper Networks (USA).

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