SAN FRANCISCO, Sept. 3, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Virtual Routers – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 5; Released: April 2021
Executive Pool: 1083
Companies: 36 – Players covered include 128 Technology; 6wind; Access; Allied Telesis; Arista Networks; Brocade; Carbyne; Check Point; Cisco; Connectify and Others.
Coverage: All major geographies and key segments
Segments: Component (Solutions, Services); Type (Custom, Pre-Defined); End-Use (Service Provider, Enterprises)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Virtual Routers Market to Reach $477.3 Million by 2026
Amid the COVID-19 crisis, the global market for Virtual Routers estimated at US$157 Million in the year 2020, is projected to reach a revised size of US$477.3 Million by 2026, growing at a CAGR of 20% over the analysis period. Solutions, one of the segments analyzed in the report, is projected to record a 19.2% CAGR and reach US$355.8 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 21.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $58.4 Million in 2021, While China is Forecast to Reach $84.4 Million by 2026
The Virtual Routers market in the U.S. is estimated at US$58.4 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$84.4 Million by the year 2026 trailing a CAGR of 19.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.8% and 17% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 14% CAGR.More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
Director, Corporate Communications
Global Industry Analysts, Inc.
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SOURCE Global Industry Analysts, Inc.
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