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The virtual networking market is driven by several market factors that shape its growth and development. These factors play a crucial role in determining the demand, supply, and overall market dynamics of virtual networking solutions.
One of the key market factors is the increasing adoption of cloud computing and virtualization technologies. As organizations embrace cloud-based infrastructure and virtualized environments, the need for efficient and scalable networking solutions becomes paramount. Virtual networking enables organizations to create and manage virtual networks within their cloud or virtualized environment, providing flexibility, agility, and cost savings. The growing demand for cloud computing and virtualization fuels the growth of the virtual networking market.
Another significant market factor is the rising demand for network automation and software-defined networking (SDN). As organizations seek to simplify network management, improve agility, and reduce operational costs, they turn to virtual networking solutions that enable network automation and SDN. Virtual networking allows for centralized network control, programmability, and automation, which leads to enhanced network efficiency and reduced manual configuration efforts. The market demand for virtual networking solutions is driven by the need for network automation and SDN capabilities.
The overall economic conditions also influence the virtual networking market. Factors such as economic stability, business growth, and digital transformation initiatives impact the demand for virtual networking solutions. During periods of economic growth, organizations are more likely to invest in technology solutions that enable them to enhance their digital infrastructure and improve operational efficiency. This drives the demand for virtual networking solutions as organizations seek to modernize their networks.
Furthermore, market factors such as the increasing demand for remote work and the rise of IoT (Internet of Things) devices contribute to the growth of the virtual networking market. With the proliferation of remote work and the need for secure and reliable connectivity, virtual networking solutions enable organizations to provide seamless access to their networks for remote employees. Additionally, as the number of IoT devices continues to grow, virtual networking solutions offer the scalability and flexibility required to connect and manage these devices effectively.
The competitive landscape and market rivalry also play a significant role in shaping the virtual networking market. With the increasing demand for virtual networking solutions, several key players compete to gain market share. Companies invest in research and development, product innovation, and strategic partnerships to differentiate themselves in the market. This competition drives the market forward, leading to the introduction of new and improved virtual networking solutions.
Lastly, regulatory and compliance requirements impact the virtual networking market. Organizations operating in regulated industries such as healthcare, finance, and government must comply with industry-specific data security and privacy regulations. Virtual networking solutions that offer robust security features and compliance capabilities are in high demand in these sectors.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Growth Rate | 19.5% (2022-2032 Base Year 2019 Forecast Period 2020-2030 Historical Data 2018 Forecast Units Value (USD Million) Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends Segments Covered 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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