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Virtual Router Market Emerging Trends & Global Industry Forecast to 2024

North America is leading the virtual router market due to the implementation of NFV and SDN solutions in the region

 

Sellbyville, DE -- (SBWIRE) -- 05/23/2019 -- Global Market Insights presents the Virtual Router Market provides a detailed overview of major drivers, restraints, challenges, opportunities, current industry trends and strategies impacting the global market along with estimates and forecast of revenue.

The explosion of content & mobile devices, the advent of cloud services, and server virtualization are forcing the networking industry to reconsider the traditional network architecture. The traditional network architecture made sense when client-server computing was dominant. However, such static architecture is unsuitable for the dynamic storage and computing needs of the modern carrier environment and enterprises. Moreover, the increasing pressure to decrease the Capital Expenditure (CAPEX) and Operational Expenditure (OPEX) is also encouraging the adoption of virtual routers among organizations.

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Route reflection is one of the prominent applications of the virtual router market. The cost-effectiveness, scalability, and high performance of virtual routers are the primary factors augmenting their demand for route reflection among network service providers. Furthermore, their ability to offload route reflection from hardware routers, which extends their lifespan by freeing up the processor cycle also drives their demand.

The increasing adoption of the virtual routers among Communication Service Providers (CSPs) is also driving the virtual router market growth. The CSPs are leveraging on the capabilities for a wide array of applications ranging from data center, network edge, and Customer Premises Equipment (CPE). They are also being widely used to deliver traditional edge services including IP/MPLS and virtual private network services. Furthermore, the migration to wireless networking, 5G, and virtualized CPE also accelerates the adoption of virtual routing among CSPs.

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The Asia Pacific virtual router market is projected to grow at a high growth rate during the forecast timeline. The growing adoption of 4G and the increasing spending for the development of 5G infrastructure propel the adoption of virtual routers in the region. Over the past three years, a rapid shift toward the higher speed mobile technology in the region has been witnessed. In 2016, mobile broadband technologies such as 3G and above have dominated network technologies. Japan, South Korea, and Australia are the market leaders in terms of 4G adoption. However, China will emerge as one of the key countries in 4G uptake during the forecast period with over one billion 4G connections by the end of 2018.

The key players in the virtual router market are Cisco, Ericsson, Brocade, Juniper Network, Huawei, Nokia, HPE, IBM, 128 Technology, ZTE Corporation, Arista Networks, Palo Alto Networks, Check Point, and Tredent. The players are leveraging on mergers and acquisitions to gain technical expertise and expand their customer base.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.