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.
Virtual Router Market Leaders
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Cisco Systems Inc.
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Hewlett Packard Enterprise
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Juniper Networks Inc.
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Broadcom Inc.
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Huawei Technologies Co., Ltd.
*Disclaimer: Major Players sorted in no particular order
