Global Virtual Networking Market was valued at USD xx Bn in 2019 and is expected to reach at USD at xx Bn by 2027 at a CAGR of xx% over forecast period 2020-2027.
Global Virtual Networking Market
The report covers an in depth analysis of COVID 19 pandemic impact on Global Virtual Networking Market by region and on the key players revenue affected till April 2020 and expected short term and long term impact on the market.
Global Virtual Networking Market Dynamics;
Virtual networks are certainly the highlight of the virtual environment, because of their flexibility offering a wide variety of possibilities. They can provide a network infrastructure offering almost everything one needs and at much lower costs. Various factors such as growing focus on abilities that manage virtual machines, increasing adoption of cloud computing, high adoption of advanced communication method by the people, growing adoption of software-defined networking in enterprises, and the need for network and physical hardware virtualization to reduce network downtime are driving the Global Virtual Networking Market growth over forecast period. Furthermore, the growing demand for industrial automation along with the shifting preference of enterprises towards cloud services also drive the need for virtual networking services.
However, cyber security & safety issues, lack of technical expertise, low adoption rate in under developed countries are restraining the market growth over forecast period.
Global Virtual Networking Market is segmented by type, application and by region. By organisation size, larger enterprises held 59.98% of market share in 2019 and is expected to keep its dominance over forecast period. The growing use of cloud technology by large enterprises to support to support their business continuity planning and disaster recovery planning is leading to an increase in the scale of the systems used by the data centre operators. By application, IT and Telecom application segment held 27.98% of market share in 2019 and is expected to keep its dominance over forecast period. The growing adoption of server virtualization by IT and telecom enterprises with multiple locations and the rising demand for software-defined networking (SDN) and software-defined data centre (SDDC) for network virtualization are expected to drive the market growth of this application segment over forecast period
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Scope of Global Virtual Networking Market
Global Virtual Networking Market Segmentation by type
• Hardware• Software• ServicesGlobal Virtual Networking Market Segmentation by organisation size
• SMEs• Large EnterprisesGlobal Virtual Networking Market Segmentation by applications
• BFSI• Public sector• Manufacturing• Hospitality• IT and Telecommunication• HealthcareGlobal Virtual Networking Market Segmentation by Region
• North America• Europe• Asia-Pacific• Middle East and Africa (MEA)• South AmericaGlobal Virtual Networking Market Major Players
• Huawei Technologies Co. Ltd• Hewlett Packard Enterprise Co• IBM Corporation• Oracle Corporation• Microsoft Corporation• VMware, Inc.• Citrix Systems, Inc.• Virtual Network Solutions• Verizon Communications Inc.
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