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Virtual Networking Market Set to Skyrocket with Increased Demand for Remote Work Solutions

04-11-2023 03:16 PM CET | IT, New Media & Software

Press release from: Persistence Market Research

Virtual Networking Market Set to Skyrocket with Increased

Virtual networking is being widely used across most organizations, because it perfectly helps connects clients and the workforce virtually. Virtual networking solutions provide high-speed network connectivity, reliability, security, and management, which makes these solutions suitable for every organization. Solution and service providers help organizations extend their resources to their other branch locations or mobile locations to fulfill customer demand and manage day-to-day business activities. These solutions also support many other services such as video conferencing, e-Commerce, and content hosting, virtually, which is further driving the adoption of virtual networking solutions and services across enterprises, globally.

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On the back of these factors, the virtual networking market is anticipated to expand 7.5X from 2020 to 2030, due to increasing adoption of virtual networking solutions and services by small and medium enterprises across the world.

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.

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https://www.persistencemarketresearch.com/market-research/virtual-networking-market.asp

Key Takeaways from Virtual Networking Market Study

• As networks and clouds are more integrated, there will likely be a boom in demand for cloud-based virtual network services.
• The big enterprises sector dominates the virtual networking market, however throughout the projected period, small and medium enterprises are expected to develop rapidly.
Due to the increasing number of corporate expansions in these nations, nations all over the world, including Germany, India, China, the U.S., Japan, Brazil, the U.K., and Russia, are seeing changes in this field more quickly than other nations.
• The governments of these nations are taking steps to foster digital and technology growth as many countries experience digitalization across all industrial verticals, which is leading to a quick uptake of virtual networking technologies.

Market Drivers: The enterprise VSAT market is driven by several factors, including:

1. Increasing demand for high-speed connectivity: With the growing dependence on digital technologies, there is an increasing need for high-speed connectivity in remote locations, where traditional wired or wireless connections are not feasible or cost-effective. VSAT technology provides a reliable and high-speed connection to these remote locations, which is driving the market growth.
2. Growing adoption of satellite-based communication technologies: VSAT technology is a type of satellite-based communication technology, which is gaining popularity in various industries, including oil & gas, mining, aviation, and maritime. The growing adoption of satellite-based communication technologies is driving the growth of the enterprise VSAT market.
3. Expansion of the telecommunication industry: With the expansion of the telecommunication industry, the demand for VSAT technology is also increasing. VSAT technology is used to provide connectivity to remote locations, which is driving the market growth.

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Market Restraints: The enterprise VSAT market also faces several challenges, including:

1. High initial cost: The initial cost of setting up a VSAT network is relatively high, which may discourage some organizations from adopting this technology.
2. Limited bandwidth: VSAT technology has limited bandwidth compared to wired or wireless connections, which may limit its use in some applications.

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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductors and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.

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