Research Nester released a report titled “Custom Virtual Router Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the global custom virtual router market in terms of market segmentation by type, component, end-user, and region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The custom virtual router market is projected to grow with a high CAGR during the forecast period, i.e., 2021-2029 on account of theincreasing need of mobility and demand for software-defined networking and network function virtualization.
The custom virtual router market, by type, is segmented into custom and predefined. Custom segment is expected to account for larger market size during the forecast period as these type of routers enables creating and configuring additional virtual routers within the single routing device as per requirement leading to its adoption in custom virtual router market.
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Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. The market in the North America currently holds the largest market share for custom virtual router market due to increasing adoption of virtual routers by service providers and huge investments by key market players in the region.
Increasing Demand for Software-Defined Networking and Network Function Virtualization to drive the Market Growth
Increasing need for mobility and software-defined networking due to the time constraints in today’s busy world is estimated to drive the growth of the custom virtual router market. Custom virtual router facilitates end-user to create and configure additional virtual routers on some security devices according to their requirements. Moreover, 5G network is bringing up a lot of opportunities for the custom virtual router market.
This report also provides the existing competitive scenario of some of the key players of the custom virtual router market which includes company profiling of Cisco Systems, Inc., Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., International Business Machines Corporation, Arista Networks, ZTE Corporation, and The Hewlett Packard Enterprise. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the custom virtual router market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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