Global Virtual Routers Market to Reach $1.5 Billion by 2030
The global market for Virtual Routers estimated at US$428.7 Million in the year 2023, is expected to reach US$1.5 Billion by 2030, growing at a CAGR of 19.7% over the period 2023-2030. Virtual Router Solutions, one of the segments analyzed in the report, is expected to record 18.9% CAGR and reach US$935.9 Million by the end of the analysis period. Growth in the Virtual Router Services segment is estimated at 21.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $135.6 Million, While China is Forecast to Grow at 19.3% CAGR
The Virtual Routers market in the U.S. is estimated at US$135.6 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$262.5 Million by the year 2030 trailing a CAGR of 19.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.2% and 16.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 13.3% CAGR.
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