Summary:
A New Study Title “Virtual Networking Market Size, Status And Forecast 2027” Has Been Featured On Market Research Future.

Market Overview

Market Research Future (MRFR) studied the global virtual networking market 2020 across the analysis period from 2018 to 2023. By 2023, the virtual networking market is expected to rise at 34.3% CAGR. The worldwide market of virtual networking market value is anticipated at USD 62,080.4 Mn by 2023. The advent of digitization and rapid globalization of multiple enterprises can aid in leveraging server virtualization to reach more customers. This can support expansion of the virtual networking market in the review period. The increase in application of multi-tiered architecture that are designed to support server virtualization can augment expansion of the worldwide virtual networking market in the near future.
Developments associated with the IoT technology can pave the way to the rise of the virtual networking market in the near future. In addition, the expansion of the market can be attributed to the growing rate of utility of cloud based platforms. The growing adoption of both cloud and IoT technologies to boost operational efficacy can favor expansion of the market in the near future.
Reputed key players are observed to focus on the capitalizing on opportunities offered by the introduction of 5G services can cause the market to rise in the near future. In the upcoming years, the rise in R&D for modern technology can support rise of the market in the near future. However, high price associated with these researches can restrain the virtual networking market expansion in analysis period.

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Segmental Analysis
The segment evaluation of the global virtual networking market is based on type and application.
The type-based segments of the virtual networking market are services, hardware, and software. The services segment can secure hold on the maximum share of the global market. The segment can value at USD 31,911.2 Mn by 2023 as it is likely to thrive at decent CAGR due to increase in adoption of solution for network automation, virtual cloud networking, and DevOps automation.
The application-based segments of the virtual networking market are public sector, BFSI, IT & telecommunication, manufacturing, hospitality, and healthcare. The IT & telecommunication segment can dominate the market by 2023. The segment value can be about USD 17,584.6 Mn by 2023. The segment rise can be at 37.17% CAGR through the review period. Moreover, increase in deployment of virtual networking across the booming IT sector due to efficiency and cost-cutting benefits to support rise of the market in the near future.
Regional Outlook
The regional assessment for the global virtual networking market is done for Europe, North America, the Middle East and Africa (MEA), Asia-Pacific, and Latin America. In North America, the virtual network market can dominant with highest share of the world market. The segment can value at USD 25,179.8 Mn by 2023 from USD 4,252.5 Mn in 2017. The U.S. can contribute significantly to the market rise. The rise of the virtual networking market in North America can be attributed to the presence of highly advanced IT infrastructure.
In Europe, the market value is estimated at USD 16,476.1 Mn by 2023, the U.K. can lead the market in the years to come. In Asia Pacific, the lucrative virtual networking market can expand owing to the rapid growth of digital platforms and rise in reliance on IT sector.
Competitive Dashboard
Microsoft Corporation, Huawei Technologies Co. Ltd, IBM Corporation, Oracle Corporation, VMware, Inc., Virtual Network Solutions, Citrix Systems, Inc., Verizon Communications Inc., and Hewlett Packard Enterprise Co. are some reputed names in the global virtual networking market that are profiled by MRFR.
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