Custom Virtual Router Market Analysis

  • Report ID: 2921
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Custom Virtual Router Market Analysis

Based on component, the virtual router market has been segmented into solution and service. The solution segment is expected to have the largest market share and is estimated to grow at a rapid pace during the forecast period. The virtual routing solutions help to independently allocate physical data centre resources for virtual machines within the network and grow the capacity of virtual machines independently as per requirement, lowering the hardware costs. 

 The custom virtual router market, furthermore, based on solution the market has been segmented into integrated solution and standalone solution. The integrated large suites provide outstanding throughput performance by offering high transparency and better control of the routing capability and saving operational costs leading to the adoption of integrated solutions in virtual router market.

The service segment in the virtual router market has been segmented into professional services and managed services. The rising demand for tailor-made features to improve performance efficiencies and the need to provide technical support and consulting service for adding value to interaction with clients is leading to the adoption of professional services in virtual router market.

Based on type the virtual router market, has been segmented into custom and predefined. Custom segment is expected to account for larger market size during the forecast period as custom virtual router enables creating and configuring additional virtual routers within the single routing device as per requirement leading to its adoption in virtual router market.

By end user, the service provider segment in the virtual router market is expected to account for larger market size during the forecast period as the deployment of virtual router helps service providers to increase their network agility and deliver scalable and flexible routing functionalities with considerable reduction in capital expenditure and operating expenditure of the organisations

The virtual router market, by service provider has been segmented into telecom, data centre, and cloud. The telecom service provider segment is expected to have the highest adoption of virtual routers during the forecast period as the virtual routers enable them to scale the resources and boost the overall network capacity. Virtual routers provide control over flexible scaling and deployment options lowering the operational costs for telecom service providers.

 

Our in-depth analysis of the global market includes the following segments:

          Type

  • Pre-defined
  • Custom

          Component

  • Solution
  • Integrated solution
  • Standalone solution                                                              
  • Service
    • Professional services
    • Managed services

          end-user

  • Service providers
    • Data center
    • Telecom
    • Cloud
  • Enterprises
    • Banking, financial services and insurance
    • Healthcare
    • Manufacturing
    • Government
    • Education
    • Others
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Author Credits:  Abhishek Verma


  • Report ID: 2921
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Reduction in capital expenditure and operating expenditure of the organizations and Improved network agility and efficient scale out by service providers are the major factors driving the growth of the custom virtual router market.

The market is anticipated to attain a high CAGR over the forecast period, i.e., 2020-2029.

Security concerns related to the virtualized environment and lack of skills and expertise are estimated to hamper market growth.

The market in North America region is estimated to provide ample growth opportunities owing to the improved network agility and efficient scale out by service providers.

The major players dominating custom virtual router market are Cisco Systems, Inc., Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., International Business Machines Corporation, Arista Networks among others.
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