The Virtual Networking Market is Anticipated to grow at a CAGR of 22.4% by the end of 2030

Virtual Networking Market

Virtual networking is widely used by most businesses since it makes it simpler to connect customers and employees online. Every organisation can benefit from virtual networking solutions since they provide high-speed network connectivity in addition to dependability, security, and management.

Because small and medium-sized businesses throughout the world are becoming more and more reliant on virtual networking solutions and services, it is predicted that the market will increase by 7.5X between 2020 and 2030.

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In order to meet consumer demand and manage daily business operations, solution and service providers assist firms in extending their resources to their other branch locations or mobile locations. Virtual hosting, e-commerce, and video conferencing are just a few of the additional services that these systems support. This is helping businesses all over the world adopt virtual networking solutions and services.

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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.
Find More Valuable Insights on Virtual Networking Market

Persistence Market Research puts forward an unbiased analysis of the global virtual networking market, providing historical demand data (2015-2019) and forecast statistics for the period of 2020-2030. To understand the opportunities in the virtual networking market, it is segmented on the basis of component (solutions and services), enterprise size (small & medium enterprises and large enterprises), and end user (network service providers, telecom service providers, managed service providers, cloud service providers, data center providers, and enterprises), across seven major regions.

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Expert analysis, actionable insights, and strategic recommendations - the Electronics, Semiconductor, and ICT team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, and ICT, of which, 100+ reports are specific for ICT, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductor, and ICT industry.

This release was published on openPR.