Custom Virtual Router Market Trends

Growth Drivers

Increase need of mobility
Reduction in capital expenditure and operating expenditure of the organizations
Improved network agility and efficient scale out by service providers
Increase in demand for software-defined networking and network function virtualization

Challenges

Security concerns related to the virtualized environment
Lack of skills and expertise

Custom Virtual Router Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	19.5%
Base Year Market Size (2023)	USD 201.74 million
Forecast Year Market Size (2036)	USD 2.04 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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.

Custom Virtual Router Market Trends