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Custom Virtual Router Market Segmentation by Type (Pre-defined, Custom); and by Component (Solution and Service) – Global Demand Analysis and Opportunity Outlook 2020-2029

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Extensive insights into the Growth of Custom Virtual Router Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Custom Virtual Router Market Highlights 2020-2029

The custom virtual router market is estimated to grow with a high CAGR during the forecast period, i.e., 2020-2029. 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.

Global-Custom-Virtual-Router-Market

Based on component, the virtual router market has been segmented into solution and service. The solution segment is expected to have the largest market share and is estimated to grow at a rapid pace during the forecast period. The virtual routing solutions help to independently allocate physical data centre resources for virtual machines within the network and grow the capacity of virtual machines independently as per requirement, lowering the hardware costs. CLICK TO DOWNLOAD SAMPLE REPORT

The custom virtual router market, furthermore, based on solution the market has been segmented into integrated solution and standalone solution. The integrated large suites provide outstanding throughput performance by offering high transparency and better control of the routing capability and saving operational costs leading to the adoption of integrated solutions in virtual router market.

The service segment in the virtual router market has been segmented into professional services and managed services. The rising demand for tailor-made features to improve performance efficiencies and the need to provide technical support and consulting service for adding value to interaction with clients is leading to the adoption of professional services in virtual router market.

Based on type the virtual router market, has been segmented into custom and predefined. Custom segment is expected to account for larger market size during the forecast period as custom virtual router enables creating and configuring additional virtual routers within the single routing device as per requirement leading to its adoption in virtual router market.

By end user, the service provider segment in the virtual router market is expected to account for larger market size during the forecast period as the deployment of virtual router helps service providers to increase their network agility and deliver scalable and flexible routing functionalities with considerable reduction in capital expenditure and operating expenditure of the organisations

The virtual router market, by service provider has been segmented into telecom, data centre, and cloud. The telecom service provider segment is expected to have the highest adoption of virtual routers during the forecast period as the virtual routers enable them to scale the resources and boost the overall network capacity. Virtual routers provide control over flexible scaling and deployment options lowering the operational costs for telecom service providers.

Custom Virtual Router Market Regional Synopsis

Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. The global market for custom virtual router is estimated to grow at a significant rate during the forecast period from 2020 to 2029.  North America holds the largest market share for virtual router market due to increasing adoption of virtual routers by service providers and huge investments by key market players such as Cisco Systems, IBM Corporation, Juniper Networks and others for development of virtual router solutions in the US, Canada, and Mexico. Additionally, Asia-Pacific is expected to be the fastest growing region in the virtual router market due to growing penetration of software defined networking (SDN) and network function virtualization (NFV) in countries such as China, India, Japan, and others.

Custom-Virtual-Router-Market-Share

The custom virtual router market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the custom virtual router market includes the following segments:

By Type

  • Pre-defined
  • Custom

By Component

  • Solution
  • Integrated solution
  • Standalone solution                                                              
  • Service
    • Professional services
    • Managed services

By end-user

  • Service providers
    • Data center
    • Telecom
    • Cloud
  • Enterprises
    • Banking, financial services and insurance
    • Healthcare
    • Manufacturing
    • Government
    • Education
    • Others

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

Top Featured Companies Dominating the Market

  •  Cisco Systems, Inc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Telefonaktiebolaget LM Ericsson
  • Huawei Technologies Co., Ltd.
  • International Business Machines Corporation
  • Arista Networks
  • ZTE Corporation
  • Belkin International, Inc.
  • Juniper Networks, Inc.
  • The Hewlett Packard Enterprise
  • Allied Telesis

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