USD 26.4 billion
Global Virtual Networking Market Size, Share, Growth Analysis, By Type(software-defined networking (SDN), network function virtualization (NFV)), By Application(Data Center and Cloud Infrastructure) - Industry Forecast 2024-2031
Report ID:
SQMIG45F2086 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|
Tables:
61 |
Figures:
75
Global Virtual Networking Market Insights
Global Virtual Networking Market size was valued at USD 26.4 billion in 2022 and is poised to grow from USD 28.14 billion in 2023 to USD 46.93 billion by 2031, growing at a CAGR of 6.6% in the forecast period (2024-2031).
The global Virtual Networking market is experiencing significant growth and transformation driven by the increasing adoption of cloud computing, virtualization technologies, and the need for agile and scalable network infrastructure.
Virtual Networking enables organizations to create and manage virtual networks, allowing for seamless connectivity and efficient data transfer across multiple locations and devices. This technology offers benefits such as improved network performance, reduced hardware costs, simplified network management, and enhanced security. The market is witnessing a surge in demand from various industries, including IT and telecommunications, healthcare, BFSI, and retail, as organizations seek to optimize their network infrastructure and support the growing digital requirements. With the increasing adoption of virtualization and cloud technologies, the global Virtual Networking market is expected to continue its growth trajectory in the coming years.
US Virtual Networking Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Software-Defined Networking (SDN)
Fastest Growth
Network Function Virtualization (NFV)
Growth Rate
6.6% CAGR
Global Virtual Networking Market ($ Bn)
Country Share for North America Region (%)
Global Virtual Networking Market By Type (%) ($ Bn)
Global Virtual Networking Market By Type (%)
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Global Virtual Networking Market Segmental Analysis
The Global Virtual Networking Market is segmented by type, application, and region. Based on type, the market can be segmented into software-defined networking (SDN), network function virtualization (NFV), and virtual private networks (VPNs). Based on application, the market is segmented into Data Center and Cloud Infrastructure. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Type
The dominant sub-segment in the testing type of the Global Virtual Networking Market is performance testing. Performance testing involves assessing the speed, responsiveness, and scalability of virtual networks under different load conditions. It helps ensure that the virtual network can handle the expected level of traffic and deliver reliable performance. With the increasing adoption of virtual networking solutions, organizations prioritize performance testing to optimize their network performance and ensure a seamless user experience.
The fastest growing sub-segment in the testing type is security testing. As virtual networks become more prevalent, the need for robust security measures is paramount. Security testing focuses on identifying vulnerabilities and weaknesses in the virtual network infrastructure, applications, and data. It involves conducting penetration testing, vulnerability assessments, and other security tests to detect and mitigate potential security risks. With the rising concerns over cybersecurity threats, organizations are increasingly investing in security testing to safeguard their virtual networks and protect sensitive information from unauthorized access or breaches.
Analysis by Application
The dominant sub-segment in the application segment of virtual networking is the Data Center and Cloud Infrastructure segment. With the rapid growth of cloud computing and data center virtualization, organizations are increasingly adopting virtual networking solutions to manage their data center and cloud infrastructure. Virtual networking enables efficient resource allocation, improves network performance, and provides flexibility in scaling and managing virtualized environments.
The fastest-growing sub-segment of testing type in the application segment is the Network Security Testing. As virtual networking becomes more prevalent, ensuring the security and integrity of virtual networks is of utmost importance. Network security testing involves assessing the vulnerability of virtual networks, identifying potential security risks, and implementing measures to protect against cyber threats. With the increasing focus on cybersecurity and the need for robust network defenses, the demand for network security testing in virtual networking is expected to witness significant growth. Organizations are investing in comprehensive security testing solutions to ensure the safety of their virtual network infrastructure and data.
Global Virtual Networking Market By Type, 2023 (%)
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Global Virtual Networking Market Regional Insights
One dominant region in the global Virtual Networking market is North America. The region is characterized by a highly developed IT infrastructure, strong internet connectivity, and a large presence of major technology companies. North America has been at the forefront of adopting virtual networking technologies, driven by the increasing demand for scalable and flexible network solutions. The region is also home to several leading virtual networking solution providers and is a hub for technological innovation.
One of the fastest-growing regions in the global Virtual Networking market is Asia Pacific. The region is witnessing rapid digital transformation and the adoption of cloud computing and virtualization technologies across various industries. With the increasing number of businesses embracing virtual networking solutions to enhance their network agility, scalability, and security, the demand for virtual networking is on the rise in Asia Pacific. The region is experiencing robust economic growth, and countries like China, India, and Japan are investing heavily in digital infrastructure, driving the growth of the virtual networking market in the region.
Global Virtual Networking Market By Region , 2024-2031
- Largest
- Fastest
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Global Virtual Networking Market Dynamics
Drivers
Increasing Demand For Cost-Effective And Scalable Network Solutions
- One driver of the global Virtual Networking market is the increasing demand for cost-effective and scalable network solutions. Virtual networking enables organizations to optimize their network infrastructure, reduce hardware costs, and improve operational efficiency. It allows for the consolidation and virtualization of network functions, enabling businesses to scale their networks quickly and easily.
Restraints
Security And Privacy Concerns Associated With Virtual Networks
- One restraint of the global Virtual Networking market is the security and privacy concerns associated with virtual networks. As virtual networking relies heavily on software-defined technologies and cloud-based infrastructure, there is a need for robust security measures to protect sensitive data and ensure network integrity. Concerns such as unauthorized access, data breaches, and potential vulnerabilities in virtual network environments can hinder the adoption of virtual networking solutions. Addressing these security concerns and implementing robust security measures is crucial for the widespread adoption and growth of the virtual networking market.
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Global Virtual Networking Market Competitive Landscape
The global Virtual Networking market is characterized by a mix of established companies and emerging players. Market participants are focusing on research and development activities to enhance the efficiency and performance of Virtual Networkings. Additionally, strategic collaborations, partnerships, and mergers and acquisitions are prevalent strategies adopted by companies to expand their market presence. The competitive environment is further influenced by factors such as technological advancements, government regulations, and the ability to provide cost-effective and sustainable solutions.
Top Player’s Company Profiles
- Juniper Networks (United States)
- Nokia Corporation (Finland)
- Hewlett Packard Enterprise (United States)
- Dell Technologies (United States)
- Citrix Systems (United States)
- Avaya Holdings Corp. (United States)
- Ericsson (Sweden)
- Microsoft Corporation (United States)
- NEC Corporation (Japan)
- Arista Networks (United States)
- Extreme Networks (United States)
- Fujitsu Limited (Japan)
- Oracle Corporation (United States)
- Palo Alto Networks (United States)
- Radware (Israel)
- Riverbed Technology (United States)
- ZTE Corporation (China)
Recent Developments
-
In February 2024, Indian company Tech Mahindra announced that it has deployed the greenfield digital Mobile Virtual Network Enabler (MVNE) platform for Zurich-headquartered telecom enterprise Sunrise.
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In January 2024, the Mobile Virtual Network Operator (MVNO) developed by FPT Retail made its official debut on a national scale in Vietnam. With the launching of the MVNO, FPT Retail, an associate of FPT Corporation, has become the fifth mobile virtual network provider in Vietnam along with Dong Duong Telecom, Mobicast, ASIM, and VNSky.
-
In August 2023, Jellyfish Mobile, a mobile virtual network operator (MVNO) that integrates web3 technologies launched aiming to revolutionize the telecom sector.
Global Virtual Networking Key Market Trends
- One key market trend in the global Virtual Networking market is the increasing adoption of software-defined networking (SDN) and network virtualization technologies. SDN allows organizations to abstract network functionality from physical hardware and centrally manage their networks through software. It provides flexibility, scalability, and automation, enabling efficient network management and deployment of virtual networks. Network virtualization, on the other hand, enables the creation of multiple virtual networks on a shared physical infrastructure, allowing organizations to segment and isolate network traffic based on different requirements. The growing demand for agile, scalable, and cost-effective networking solutions has led to the rise of virtual networking technologies, driving the market growth and transforming the way networks are designed and operated.
Global Virtual Networking Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global Virtual Networking market refers to the technology and solutions that enable the creation of virtual networks within a physical network infrastructure. It involves the abstraction of network resources, such as switches, routers, and firewalls, and the provision of virtual network services that can be dynamically managed and configured. Virtual Networking offers benefits such as increased flexibility, scalability, and cost efficiency by allowing organizations to create and manage virtual networks without the need for physical infrastructure. This market is driven by the rising adoption of cloud computing, the need for efficient network management, and the growing demand for software-defined networking (SDN) solutions. The global Virtual Networking market is expected to witness significant growth in the coming years as organizations increasingly rely on virtualized network environments to support their digital transformation initiatives.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 26.4 billion |
| Market size value in 2031 | USD 46.93 billion |
| Growth Rate | 6.6% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Virtual Networking Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Virtual Networking Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Virtual Networking Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Virtual Networking Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Virtual Networking Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Virtual Networking Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Virtual Networking Market Report Snapshots
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