MarketsandMarkets expects the virtual router market to grow from USD 116.8 million in 2018 to USD 331.5 million by 2023, at a Compound Annual Growth Rate (CAGR) of 23.2% during the forecast period.
The integrated solutions segment is expected to be the larger contributor in the virtual router market during the forecast period.
The integrated solution includes virtual router offerings integrated in a large SDN and NFV suite. Major network providers, such as Cisco and Juniper, offer virtual router capabilities within their NFV suite. Service providers and carriers can enable the virtual router capabilities within their network, which is offered by the players at various network segments, such as IP network, virtual mobile packet core, and cloud/NFV infrastructure. The integrated solution segment has a large market share in the global market, as the major players, such as Cisco, Juniper, Ericsson, and Nokia, are offering integrated virtual router solutions.
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The managed services segment is expected to have the larger market size during the forecast period.
Managed services include outsourced services, such as infrastructure management and other support and maintenance services, to monitor activities from the customers’ network to data centers. Virtual router vendors assist their customers efficiently to manage routing functionality, risk, and security within their networks. IBM and HPE are the key service providers in the virtual router market.
Virtual router solutions offer various benefits such as network flexibility, and scalability, reduced operational cost, enhanced network performance. Various service providers such as telecom, cloud, and data center have started using virtual router solution to increase network efficiency and thereby improve customer experience, and profit margins.
Major vendors in the global virtual router market include IBM (US), Cisco (US), Ericsson (Sweden), Huawei (China), Nokia (Finland), Juniper (US), netElastic (US), Brocade (US), HPE (US), Arista Networks (US), ZTE Corporation (China), Carbyne (Israel), Palo Alto Networks (US), Check Point Software (Israel), Ross Video (Canada), Inventum (India), Drivenets (Ha-Sharon), 128 Technology (US), TRENDnet (US), Linksys (US), TIME (Malaysia), ACCESS (Japan), Allied Telesis (Japan), Connectify (US), and 6WIND (France). These players have adopted new product launches, product enhancements, and partnerships as the key growth strategies to offer feature-rich products and services to their customers and penetrate deeper into the unserved regions.
Cisco, a leading vendor in the virtual router market, offers competitive solutions to the virtual router market, with the aim to offer end-to-end solution with Network Functions Virtualization (NFV) infrastructure. The companies in the virtual router market are undertaking various organic and inorganic strategies to stay competitive in the market. For instance, in July 2018, Cisco partnered with AT&T to offer support for choosing the full stack of Cisco NFV to its clients across 90 countries. Moreover, in April 2018 Cisco launched new consumption models for its Cisco Tetration solution for cloud as well as data center. Tetration -V is a software only version that uses a virtual appliance for smaller deployments.
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Juniper Networks, is another market-leading company in the virtual router market. It offers vMX Virtual Router that is designed to offer complete features and operational consistency with physical MX 3D universal edge routers running on Junos operating system. The company is also undertaking various inorganic strategies such as agreements and partnerships to increase its market share. For instance, in May 2017, the company formed a partnership with Coloclue, to help the latter build next-generation network platform using Juniper’s VMx Virtual Router. Also, in March 2017, the company formed a partnership with A2B internet, with the aim to become the first network function service provider.
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