How big is the Virtual Router Market?

The Virtual Router Market size is expected to reach USD 278.21 million in 2024 and grow at a CAGR of 22.5% to reach USD 767.44 million by 2029. Read More

What is the current Virtual Router Market size?

In 2024, the Virtual Router Market size is expected to reach USD 278.21 million. Read More

Who are the key players in Virtual Router Market?

Cisco Systems Inc., Hewlett Packard Enterprise, Juniper Networks Inc., Broadcom Inc. and Huawei Technologies Co., Ltd. are the major companies operating in the Virtual Router Market. Read More

Which is the fastest growing region in Virtual Router Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Virtual Router Market?

In 2024, the North America accounts for the largest market share in Virtual Router Market. Read More

What years does this Virtual Router Market cover, and what was the market size in 2023?

In 2023, the Virtual Router Market size was estimated at USD 227.11 million. The report covers the Virtual Router Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Virtual Router Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Virtual Router Market Share

Statistics for the 2023 & 2024 Virtual Router market share, created by Mordor Intelligence™ Industry Reports. Virtual Router share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Virtual Router Industry

The virtual router market has been gaining a competitive edge in recent years and is moderately competitive. The companies in the market are strategically innovating, partnering, and expanding to provide innovative virtual router solutions.

In January 2022, Juniper Networks Inc. introduced new software features and hardware to make it easier for companies to manage their routers, forming a crucial corporate network building block. Juniper expanded its presence in the enterprise router market in 2021 by acquiring a startup called 128 Technology Inc. for USD 450 million. The company repackaged the virtual router software obtained through the acquisition into the Session Smart Router (SSR) product. Businesses can use SSR to establish network connectivity between data centers, branch offices, and cloud deployments.