Custom Virtual Router Market Size

Custom Virtual Router Market size was over USD 201.74 million in 2023 and is projected to exceed USD 2.04 billion by the end of 2036, witnessing over 19.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of custom virtual router is evaluated at USD 233.21 million.

Extensive research associated with virtual routers in western countries, along with the factors that contribute in the growth of the market comprise of reduction in capital expenditure and operating expenditure of the organizations and Improved network agility and efficient scale-out by service providers.

Additionally, the custom virtual router market's growth is majorly attributed to the increasing focus of end user's scalability of solutions while maintaining focus on cost reduction. The ease of scaling resources and the ability to quickly move routing functions within a network offered by these solutions fuel their adoption among the end-users. As 5G wireless gains traction in developing and developed economies and enterprises move towards vCPE, solid growth of the market can be expected over the projected period.