Virtual Networking Market Trends, 2027 Research Product development Demographic Growth COVID – 19 Outbreak, Key Vendors Analysis, Import & Export, Revenue
Virtual Networking Market
Trends Overview:
Market Research Future
(MRFR)’s study indicates that the global Virtual Networking Market Trends
is poised to mark a CAGR of 34.3% during the forecast period 2018 to 2023. The
report further reveals that the global market is anticipated to value at USD
62,080.4 Mn towards the end of 2023. With the advent of globalization and
digitization, enterprises are leveraging server virtualization for reaching
more customers. The multi-tiered application architecture supported by server
virtualization is likely to augment the global virtual networking market over
the next couple of years.
The developments in the
IoT technology is prognosticated to pave the way for the growth of the virtual
networking market in the foreseeable future. In addition, the market is
presumed to scale new heights with the integration of cloud-based platforms.
The amalgamation of cloud and IoT technology has been presumed to boost the
growth trajectory of the virtual networking market over the assessment period.
Key players are focusing
on the capitalization of 5G services for the growth of the market. The market
looks attractive at present and has been forecasted to remain so in the
upcoming years. Nevertheless, the lack of technical expertise coupled with high
costs associated with research & development is prognosticated to check the
expansion of the virtual networking market across the review period.
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Competitive Dashboard:
The major players
profiled in this MRFR report are Microsoft Corporation, IBM Corporation, Huawei
Technologies Co. Ltd, Oracle Corporation, VMware, Inc., Citrix Systems, Inc.,
Virtual Network Solutions, Hewlett Packard Enterprise Co., and Verizon
Communications Inc.
Virtual Networking Market
Segmental Analysis:
By type, the virtual
networking market has been segmented into hardware, software, and services.
Among these, the services segment currently holds the maximum market share and
is projected to value at USD 31,911.2 Mn by the end of 2023. It is also
expected to thrive at a relatively higher CAGR owing to a drastic increase in
virtual cloud networking, network automation, and DevOps automation.
By application, the
virtual networking market has been segmented into BFSI, public sector,
manufacturing, hospitality, IT & telecommunication, and healthcare. Among
these, IT & telecommunication segment presently dominating the global
market. The report indicates that the segment’s value is likely to reach USD
17,584.6 Mn towards the end of 2023 expanding at a comparatively higher CAGR of
37.17%. The deployment of virtual networking in the IT sector assures
cost-cutting and efficiency, which is likely to favor the growth of the segment
over 2023.
Regional Outlook:
The global virtual
networking market, by region, has been segmented into North America, Europe,
Asia-Pacific, Latin America, and the Middle East and Africa (MEA). North
America is poised to hold a dominant share and grow from USD 4,252.5 Mn in 2017
to USD 25,179.8 Mn towards 2023-end. The U.S. is estimated to contribute most
significantly towards the development of the virtual networking market in the
region. In addition, the presence of highly advanced IT infrastructure is
anticipated to drive the proliferation of the regional market in the
forthcoming years.
Europe, placed at the
second spot, is estimated to be valued at USD 16,476.1 Mn by the end of the
assessment period. The U.K. and Germany are the most vital country-level
virtual networking markets of the region.
Asia Pacific is a highly
lucrative virtual networking market. The growth of the digital platforms and
the reliance on IT across major industry verticals is expected to propel the
expansion of the virtual networking market in the region. It is estimated to
expand at a relatively higher CAGR of 35.71% over the assessment period.
Fast-developing economies such as China, Japan, South Korea are presumed to
witness accelerated revenue creation in the forthcoming years. Meanwhile,
virtual networking markets in Latin America and the Middle East & Africa
are poised to exhibit substantial growth at 31.51% and 32.79% respectively.
Table of Content
1 Executive Summary
2 Market Introduction
2.1 Definition 15
2.2 Scope of The Study 15
2.3 List of Assumptions
15
2.4 Market Structure 16
3 Research Methodology
3.1 Research Process 18
3.2 Secondary Research 18
3.3 Primary Research 19
3.4 Forecast Model 21
Continued….
List of Tables
Table 1 Market Synopsis
13
Table 2 List of
Assumptions 15
Table 3 Global Virtual
Networking Market, By Type, 2020-2027 (Usd Million) 31
Table 4 Global Virtual
Networking Market, By Application, 2020-2027 (Usd Million) 35
Table 5 Global Virtual
Networking Market, By Region, 2020-2027 (Usd Million) 39
Continued….
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List of Figures
Figure 1 Global Virtual
Networking Market: Market Structure 16
Figure 2 Top Down &
Bottom-Up Approach 21
Figure 3 Drivers,
Opportunities and Challengees Analysis Of Global Virtual Networking Market 23
Figure 4 Value Chain:
Virtual Networking Market 26
Figure 5 Porter's Five
Forces Analysis Of The Global Virtual Networking Market 27
Continued….
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