"Smart Strategies, Giving Speed to your Growth Trajectory"
Virtual networking is a technology that encourages data communication between virtual machines by combining hardware and software network resources using software-based management or the internet. Virtual networking provides a wide number of benefits such as a reduced number of physical devices, easy segmentation of networks, scalability and agile deployment, and security from the destruction of physical devices. Network virtualization is used in application development and software testing by emulation of connections between applications, services, dependencies, and end-users for software testing. With installing a virtual network within a single processor, organizations will not require to consider network traffic outside the processor.
Key Market Driver -
Increasing demand for minimization of cost and complexity of operation and maintenance of hardware and software
Key Market Restraint -
Data security and privacy concerns to hamper market growth
With the rising digitization, organizations are adopting virtual networking concepts to secure servers from physical destruction. Increasing developments in the fields of IT infrastructure and high adoption of advanced communications are some of the major factors fueling global virtual networking market growth. The adoption of cloud technology and the Internet of Things (IoT) is expected to dominate the global virtual networking market over the forecast period.
Nevertheless, lack of expertise coupled with high costs associated with virtual networking will hamper the global virtual networking market growth.
By component, the market is segmented into hardware, software, and services. Based on the deployment type, the market is fragmented into on-premises and cloud. On the basis of end-user, the market has been segmented into banking, financial services, and insurance (BFSI), public sector, manufacturing, hospitality, healthcare, IT and telecommunications, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The major companies in the global virtual networking market report include Microsoft Corporation, IBM Corporation, Huawei Technologies Co. Ltd, VMware, Inc., Verizon, Citrix Systems, Inc., Hewlett Packard Enterprise Development LP, and Virtual Network Solutions, Inc
To gain extensive insights into the market, Request for Customization
The global virtual networking market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America, followed by Europe, dominated the global virtual networking market owing to the increasing adoption of advanced communications technology and rapidly evolving IT infrastructure. The US is expected to contribute most significantly to the growth of the virtual networking market in the region. Asia Pacific virtual networking market is expected to expand at a higher CAGR over the forecast period, mainly owing to the fast-developing countries such as China, Japan, and South Korea. Latin America and Middle East & Africa are projected to register a higher CAGR by the end of the forecast period.
By Deployment Type
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry