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The market dynamics of the virtual networking market are constantly evolving, driven by a host of factors. These factors include the increasing adoption of cloud computing, the growth of remote work and digital collaboration, advancements in software-defined networking (SDN) technology, and the need for scalable and flexible network solutions.
The increasing adoption of cloud computing is a major driver of the virtual networking market. As businesses shift their IT infrastructure to the cloud, the demand for virtual networking solutions rises. Virtual networking enables organizations to create and manage networks in a virtualized environment, eliminating the need for physical hardware. This not only reduces costs but also provides greater flexibility and scalability, allowing businesses to easily expand and adapt their networks as needed.
The growth of remote work and digital collaboration is another key factor shaping the market dynamics of virtual networking. With the rise of remote workforces and the need for seamless digital collaboration, organizations require reliable and secure networking solutions. Virtual networking enables employees to connect to corporate networks from anywhere, ensuring productivity and efficient communication. This trend is expected to further accelerate the adoption of virtual networking solutions.
Advancements in software-defined networking (SDN) technology are also driving the virtual networking market. SDN allows organizations to separate the control plane from the data plane, centralizing network management and providing greater agility and control. Virtual networking leverages SDN technology to create virtual networks that can be easily provisioned, managed, and modified. This flexibility and agility are highly desirable for businesses that need to quickly adapt to changing network requirements.
The need for scalable and flexible network solutions is a critical factor influencing the market dynamics of virtual networking. Traditional network architectures often struggle to keep up with the increasing demand for bandwidth and the rapid growth of data traffic. Virtual networking offers scalable and flexible solutions that can dynamically allocate resources and adjust to changing network demands. This scalability and flexibility make virtual networking an attractive option for businesses of all sizes, from small startups to large enterprises.
The competitive landscape of the virtual networking market is marked by key players such as Cisco Systems, VMware, and Juniper Networks. These companies invest heavily in research and development to stay ahead of the competition and meet the evolving needs of customers. Strategic partnerships and collaborations with cloud service providers, telecommunications companies, and data center operators further strengthen their market position.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | By Type, By Application Geographies Covered North America, Europe, Asia-Pacific, and Rest of the World (RoW) Key Vendors Huawei Technologies Co. Ltd, Hewlett Packard enterprise Co., IBM Corporation, Oracle Corporation, Microsoft Corporation, VMware, Inc., Citrix Systems, Inc., Virtual Networking Solutions, and Verizon Communications Inc Key Market Opportunities The primary types of components assessed in this report, that are required for successful operation of virtual networking system, include hardware, software, and devices. For opportunity analysis, the application areas of virtual networking are also covered in the report on the global virtual networking market. Key Market Drivers The rise in adoption of cloud-based solutions is the factor that is propelling the growth of the global virtual networking market. |
Virtual Networking Market Highlights:
Virtual Networking Market Overview
Rapid advancement in technology and improvement in internet connectivity are optimizing the control of servers or remotely located devices through virtual networking. With the combination of hardware and software, along with internet connectivity, virtual networking enables the users to communicate locally or remotely across dissimilar or similar networks by using simplified interface. Increasing utilization of virtual networking across the globe is leading to the expansion of the global virtual networking market at a remarkable CAGR of 19.5% during the forecast period of 2024-2032. It is anticipated to reach the market valuation of USD 129.754 Billion by the end of the review period, from USD 26.181 Billion in the year 2022. High demand for advanced technology that can consolidate diverse devices and services on a single hardware platform, increasing utilization of services, machinery, and devices that require virtual networking for optimum functioning and rise in adoption of cloud-based solutions are the primary factors that are propelling the growth of the global virtual networking market.
Figure 1: Virtual Networking Market Size, 2023-2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The report on the global virtual networking market offers a comprehensive analysis of the key market trends along with a five-year revenue forecast (2018-2023). This report also includes discussion on the macroeconomic indicators and the governing factors of the global virtual networking market and the sub-markets. Revenue analysis on the basis of different types of components required for virtual networking and also its application is available in this report. The primary types of components assessed in this report, that are required for successful operation of virtual networking system, include hardware, software, and devices. For opportunity analysis, the application areas of virtual networking are also covered in the report on the global virtual networking market.
Companies Covered
The prominent players profiled in the report on the global virtual networking market are
- Huawei Technologies Co. Ltd
- Hewlett Packard enterprise Co.
- IBM Corporation
- Oracle Corporation
- Microsoft Corporation
- VMware, Inc.
- Citrix Systems, Inc.
- Virtual Networking Solutions
- Verizon Communications Inc.
This report provides an in-depth insight into the key market players and presents a comprehensive analysis of their position in the global market. This report also provides company information with regards to segmental share, revenue, growth strategies, new product launch, SWOT, geographical income, new product launch, SWOT, latest R&D initiatives and M&A activities.
Recent Developments
On the thousand twenty-fourth of February, Indian firm Tech Mahindra proclaimed that it had taken the greenfield digital Mobile Virtual Network Enabler (MVNE) platform for a telecommunication enterprise in Zurich-based Sunrise.
On a national scale in Vietnam, FPT Retail’s Mobile Virtual Network Operator (MVNO) made its official debut in January 2024. The launching of MVNO has made FPT Retail the fifth mobile virtual network provider in Vietnam, following Dong Duong Telecom, Mobicast, ASIM and VNSky.
Jellyfish Mobile is a mobile virtual network operator (MVNO) that includes web3 technologies and aims at revolutionizing the telecom sector as of August 2023.
Internet Exchange (IX) business operator BBIX Inc. and BBSakura Networks Inc., which is a network solution provider, have launched a new feature OCX-Router(v1) into Open Connectivity eXchange(OCX), which is a cloud-based network service organization during November 2022. “OCX-Router(v1)” is a software-based router appliance that allows IP routing on the OCX network. Customers can use “OCX-Router(v1)” to exchange the traffic between regions or cloud services inside tenant networks without going through their own premises.
In January 2020, Citrix Systems Inc. unveiled Citrix Analytics for Performance, an advanced service designed to assess server-side infrastructure and enable IT administrators to identify performance issues.
VMware Inc. released upgraded versions of VMware Workstation and VMware Fusion solutions on September 2019 that integrate contemporary development tools for automated development/design/testing tasks.
In October 2019, Ericsson partnered with NVIDIA to offer 5G radio access networks (RAN). Both companies will be focused on developing technologies that will enable communication service providers to create virtualized 5G RAN under this partnership. It will speed up the introduction of new AI- and IoT-based services.
In October 2019, Nokia introduced new packet-optical switches for 5G cloud RAN. These newly launched packet-optical transport switches can support such services as Time-Sensitive Networking (TSN), ultra-low latency and cloud-native radio architectures that are necessary for time-critical services in 5G.
Cisco has released Cisco Enterprise NFVIS latest version 3.12.x in September 2019. The additional improved features include service bridge extension to platforms and migration path for Virtual Machines (VMs) with Physical Network Adapter (PNIC) () associated to DPDK bridge.
Research Methodology
Market Research Future (MRFR) employs its optimum statistical solution for comprehensive and iterative assessment of critical market indicators for the deliverance of highly accurate market insights. Collaborative approach of data triangulation technique and multi-layered research module aids in conducting a highly qualitative and quantitative analysis of the macroeconomic indicators and governing factors of the global market such as key market dynamics, historical trends, consumer landscape, challenges, and growth opportunities. Primary and secondary research processes are utilized for garnering data through surveys and personal interviews with key opinion holders across the value chain, which is then verified by referring to white papers, paid databases, SEC filings, annual company reports, and other sources available in public domain. The top-down and bottom-up approaches aid in delivering research findings with high accuracy and objectivity.
Other Description
- Base Year- 2017
- Forecast Period- 2022 to 2032
- Market Denomination- USD Bn
Market Segmentation
For scope of the report, Market Research Future offers a detailed segmental analysis of the global virtual networking market
By Type
- Hardware
- Software
- Service
By Application
- BFSI
- Public Sector
- Manufacturing
- Hospitality
- Healthcare
- IT & Telecommunication
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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