The global virtual router market is likely to witness growth in the coming years due to increasing investment in the development of 5G technology. According to a report by Fortune Business Insights, titled “Virtual Router Market Size, Share and Global Trend By Component (Software & services), By End User (Telecom Providers, Cloud Providers, Enterprises) and Geography Forecast till 2025,” the market is likely to expand in the coming years due to the advancements made in 5G technology and growing emphasis on 5G concepts across the world.
Request a Sample Copy of the Global Market Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/virtual-router-market-100298
According to a recent report published by AT&T Intellectual Property I, L.P., the company has made investments of around US$ 23 Bn for the research and development (R&D) as well as deployment of fifth generation (5G) technology. A virtual router is a software-based routing structure that allows the host device to operate as a typical hardware router over a local area network. A virtual router allows a user to operate as a hardware router and control functions over a specified local area network. The efforts put by companies worldwide, towards R&D of 5G is likely to have a direct impact on the global virtual routers market.
Cisco Acquires Piston Cloud Computing – A Move that is Expected to Bode Well For Overall Market
In 2016, Cisco announced that it has acquired Piston Cloud Computing, a company operating in the cloud computation network. Cisco’s acquisition of Piston will help bolster its Intercloud platform and improve its operational capabilities on a global scale. Cisco’s network architecture is based on an open-source cloud integration platform. This helps the user to control their personal data across both, public and private networks. With this acquisition, Cisco plans to build the largest network ‘Intercloud’. The Intercloud is a network of globally distributed cloud platforms which is managed through a virtual network, centrally. This network helps meet consumer demands within the Internet of Everything (IOE) requirements. Cisco’s latest acquisition will have a positive impact on the global virtual router market and is likely to favor growth of the market on the forthcoming years.
Top Players List:
- Huawei Technologies Lanka Co., (Pvt) Ltd.
- Juniper Networks
- Belkin International
- D-Link USA
Incorporation of Virtual Router Redundancy Protocol (VRRP) to Boost the Global Market
The incorporation of redundancy protocol in virtual routers is driving the market over the past few years. The redundancy protocol will help users perform functions such as packet routing, centrally. The controlled operations of the virtual router over software integrated protocols has improved the reliability of the network. A virtual router software operating on the VRRP possesses many advantages that has led to an increase in demand for virtual routers, globally.
The VRRP concept is driven by three major factors, namely the virtual IP address, the virtual MAC address, and the virtual master router. In a standard VRRP, a group of routers are operating simultaneously and, in case of failure of one router, the other one can take its place. This factor has led to an increased reliability and a subsequent rise in demand for virtual routers. The use of VRRP concept has favoured the growth of the global virtual routers market and is likely to boost the market in the coming years.
Key Market Driver – Increasing adoption of virtualized CPE (Customer Premises Equipment) and 5G infrastructure
Key Market Restraint – Installation and regular update of incompatible hardware and equipment
Key players are expected to emphasize integrating Artificial Intelligence in the system. This is anticipated to propel the growth in the global Virtual Router market, said a lead analyst at Fortune Business Insights.
Integration of internet of things with the system is a major factor anticipated to fuel the demand in the market during the forecast period 2018-2025. Additionally, the rising adoption of e-financial services is expected to boost the global market.
Major Segments Mentioned:
- By Component
- Integration & Implementation
- Maintenance & Operations
- By End User
- Telecom Providers
- Cloud Providers
- By Geography
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Request for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/virtual-router-market-100298
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
As stated in the report, North America held a significant share in the market in 2017. The region is expected to witness impressive growth during the forecast period. Owing to intense research and development taking place in the region for IoT integration in the system is likely to enable the growth in the region. Besides this, Asia Pacific is expected to witness promising growth owing to the rising adoption of a sedentary lifestyle in nations such as India and China.
Pre Book Virtual Router Market Report @ https://www.fortunebusinessinsights.com/checkout-page/100298
Other Exclusive Reports:
Software Defined Perimeter Market Latest Industry Trends, COVID 19 Impact Analysis, Key Drivers and Future Demand Forecast
Bio-Sensors Market Top Companies Data 2021, Industry Share, Demand and Revenue Growth Opportunities
Solar Backsheet Market Size, Industry Share, Total Revenue Growth Rate by Key Players Forecast Till 2028
Waste to Energy Market Latest Industry Trends, COVID 19 Impact Analysis, Key Drivers and Future Demand Forecast
Hybrid Flow Battery Market Share, Growth Insight, Size, Competitive Analysis, Regional, And Global Forecast To 2028
Meter to Cash Market Size, Share, Future Challenges, Revenue, Demand, Opportunity, Analysis and Industry, Forecast 2028
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune – 411045, Maharashtra, India.
US :+1 424 253 0390
UK : +44 2071 939123ac
APAC : +91 744 740 1245
Email: [email protected]