Global Virtual Router Market to Reach USD 1,546.7 Million by 2033, Propelled by Increasing Adoption of Cloud-Based Services

December 31, 2024 | Technology & Media

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According to the latest report by IMARC Group, titled “Virtual Router Market Report by Component (Solution, Service), Type (Pre-defined, Custom), End User (Service Provider, Enterprise), and Region 2025-2033”, the global virtual router market size reached USD 319.8 Million in 2024. Virtual routers are software-based routing frameworks that enable a host machine to function as a conventional hardware router across a local area network. With its virtual router identifier (VRID) found at the last byte of its address, it shares an internet connection with the Wi-Fi device, allowing multiple devices to segment network paths for a single connection. The device simplifies network management by reducing the number of physical routers needed. Additionally, the system helps to separate traffic and enhances network security by removing the need for encryption and authentication. Consequently, it finds extensive applications in virtual broadband services, virtual route reflections, and virtual cloud gateways.

Global Virtual Router Market Trends:

The global market is majorly driven by the rising popularity of software-defined networking (SDN) and network functions virtualization (NFV). In addition to this, the increasing utilization of cloud-based services, along with the escalating need for mobility, is providing an impetus to the market. Moreover, the rapid expansion of data centers and communication service providers (CSPs) across the globe is also resulting in a higher product uptake. Apart from this, the augmenting adoption of 4G and the increasing deployment of 5G infrastructure are creating a positive outlook for the market. The market is further driven by the rapid utilization of virtual router redundancy protocol (VRRP) for separating traffic and escalating network security. Some of the other factors contributing to the market include rapid urbanization, continual technological advancements, and extensive research and development (R&D) activities. On account of the aforementioned factors, the market is anticipated to reach a value of USD 1,546.7 Million by 2033, exhibiting a CAGR of 18.18% during 2025-2033.

Market Summary:

Based on the component, the market has been segmented into solution and service.
On the basis of the type, the market has been divided into pre-defined and custom.
Based on the end user, the market has been categorized into service provider and enterprise.
On the geographical front, the market has been segregated into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include 6WIND, Allied Telesis Inc., Arista Networks Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Hewlett Packard Enterprise Company, Huawei Technologies Co. Ltd., International Business Machines Corporation, Juniper Networks Inc., Nokia Corporation, Palo Alto Networks Inc., and ZTE Corporation.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Segment Coverage	Component, Type, End User, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	6WIND, Allied Telesis Inc., Arista Networks Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Hewlett Packard Enterprise Company, Huawei Technologies Co. Ltd., International Business Machines Corporation, Juniper Networks Inc., Nokia Corporation, Palo Alto Networks Inc. and ZTE Corporation.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Virtual Router Market to Reach USD 1,546.7 Million by 2033, Propelled by Increasing Adoption of Cloud-Based Services

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