By the end of 2030, the Virtual Networking Market is Projected to Expand at a CAGR of 22.4%

Virtual Networking Market

Most firms utilise virtual networking extensively because it makes it easier to connect clients and staff members online. Since virtual networking solutions offer high-speed network connectivity in addition to dependability, security, and management, every organisation can profit from them.

It is expected that by 2030, the industry would grow by 7.5X as small and medium-sized organisations throughout the world depend more and more on virtual networking solutions and services.

Solution and service providers let businesses extend their resources to other branch sites or mobile locations in order to satisfy customer demand and manage everyday business operations. These systems also offer other services like video conferencing, virtual hosting, and online shopping. This is assisting companies all around the world in implementing virtual networking services and solutions.

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virtual networking market

 

Key Takeaways from Virtual Networking Market Study

  • Demand for cloud-based virtual network services is expected to surge with increasing integration of networks with clouds.
  • The large enterprises segment holds the largest share of the virtual networking market; however, the small and medium enterprises segment is anticipated to grow significantly during the forecast period.
  • As far as this field is concerned, countries across the globe such as Germany, India, China, the U.S., Japan, Brazil, the U.K., and Russia are witnessing changes at a faster pace, owing to the rising number of business expansions in these countries.
  • Many countries are undergoing digitalization across all industry verticals, and the governments in these countries are taking initiatives to promote digital and technological growth, which is resulting in rapid adoption of virtual networking solutions.
  • The COVID-19 pandemic has adversely affected most sectors, but the virtual networking market is set to benefit, due to surging demand for Internet, mobile applications, and multimedia services.

“Virtual networking solution and service providers can focus on small and medium enterprises, but they need to fulfill demand on a global level. Demand for virtual networking in small and medium enterprises could be less, but if service providers succeed in reaching a large number of SMEs, they could earn good revenue from these enterprises,” says a PMR analyst.

Rapid Shift of Enterprises toward Mobility of Organizations Fuelling Market Growth

Enterprises are adopting new technologies in order to grow their business. Rapid shift toward mobility of organizations has led to the high usage of virtual networking. These solutions provide remote access to critical data from any location, which helps organizations increases the mobility of their operations. Also, users accessing data from remote areas can easily be managed and monitored from a central location. Since managed virtual private networks have helped enterprises adopt mobility, businesses are now widely using virtual networking.

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Company Profiles:

  • Microsoft Corporation
  • IBM Corporation
  • Cisco Systems, Inc.
  • Silver Peak Systems
  • Huawei Technologies Co. Ltd.
  • VMware Inc.
  • Arista Networks, Inc.
  • Dell Technologies
  • Hewlett Packard Enterprise
  • Citrix Systems, Inc.

Virtual Networking Market: Segmentation

PMR’s research study on the global virtual networking market offers a detailed market taxonomy, wherein, key segments have been discussed in detail. The segmentation of the virtual networking market has been offered on the basis of component, enterprise size, end user, and region. Every segment has been analyzed in detail, and data pertaining to the growth of each segment has been included in the study.

Component
  • Solutions
  • Virtual Machines
  • Virtual Network Switches
  • Cloud NAS (Network Attached Storage)
  • Virtual WAN Optimization Controllers
  • Others

Services

  • Professional Services
    • Business Consulting Services
    • Network Integration & Optimization Services
    • Network Virtualization Services
    • Support & Maintenance
  • Managed Network Services
Enterprise Size
  • Small & Medium Enterprises
  • Large Enterprises
End User
  • Network Service Providers
  • Telecom Service Providers
  • Managed Service Providers
  • Cloud Service Providers
  • Data Centers Providers
  • Enterprises
    • BFSI
    • Manufacturing
    • Retail
    • Healthcare
    • Others
Region
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa

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