Virtual Router Market to Experience Significant Growth in Asia Pacific Region Over 2019-2025
North America is leading the virtual router market due to the implementation of NFV and SDN solutions in the region
Selbyville, United States – June 27, 2019 /MarketersMedia/ —
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 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 virtual router 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.
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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.
A virtual route has been used in several applications including virtual broadband services, virtual route reflection, and virtual cloud gateways. These routers are deployed in Layer-2 Tunneling Protocol (L2TP) network servers and Broadband Network Gateways (BNGs) to support wholesale and residential broadband services. It enables and supports all the routing protocols and host residential service protocols such as Point to Point Protocol over Ethernet (PPPoE), Dynamic Host Configuration Protocol (DHCP), RADIUS subscriber interfaces, and Pseudowire Headend Termination (PWHT).
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Route reflection is one of the prominent applications of the virtual router. 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 intensity of the competitive rivalry in the virtual router market is high due to the existence of both, multinational network solution providers and promising regional players. 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. For instance, Cisco acquired Embrane in 2015 to expand its NFV and SDN offerings and gain an edge over their competitors.
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