Global Virtual Networking Market Size To Exceed USD 658.4 Billion By 2035 | CAGR Of 26.25%
Category: Information & TechnologyGlobal Virtual Networking Market Size To Exceed USD 658.4 Billion By 2035
According to a Research Report Published by Spherical Insights & Consulting, The Global Virtual Networking Market Size is Expected to Grow from USD 50.7 Billion in 2024 to USD 658.4 Billion by 2035, at a CAGR of 26.25% during the forecast period 2025-2035.
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Browse key industry insights spread across 251 pages with 120 Market data tables and figures & charts from the report on the "Global Virtual Networking Market Size, Share, and COVID-19 Impact Analysis, By Component (Hardware, Software, and Services), By Deployment (On-Premise and Cloud), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/virtual-networking-market
The Virtual Networking Market Size encompasses software-based technologies that connect devices and virtual machines over networks, enabling smooth and efficient communication. It offers secure, scalable, and cost-efficient solutions that are widely adopted across various industries. The market for virtual networking is expanding as a result of growing cloud computing use, a greater emphasis on virtual technologies for managing virtual machines, and an organisational trend towards software-defined networking (SDN). Through automation and centralised control, virtual networking streamlines network administration while decreasing errors and increasing productivity. Its cost-effectiveness, scalability, and adaptability make it indispensable for workload management and cloud infrastructure optimisation. The need for scalable virtual networks that can manage enormous data volumes has increased due to the proliferation of IoT devices. Additionally, virtual networking improves communication between local and distant devices, increasing security and productivity. Strategic contracts, like the 2024 cooperation between the U.S. Navy and Rivada Networks, are one way that governments are actively promoting market expansion. Global market expansion is also influenced by many factors, including increasing industry automation, advancement of digital transformation, robust growth of IT infrastructure and sustainability for Japan. Still, data transmission is evolving due to virtual networking, which is used in many industries and areas. In the virtual networking industry, there are challenges such as complex relationships, increased start-up& maintenance costs and performance issues in a virtual environment.
The software segment dominated the market in 2024 and is expected to expand at a significant CAGR during the forecast period.
Based on the component, the virtual networking market is divided into hardware, software, and services. Among these, the software segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The growing use of technology related to Software-defined Networking (SDN). Through SDN, enterprises may create a virtualised network infrastructure that is adaptable, scalable, and effective by separating the network from the underlying hardware. As a result, there is now a higher need for software programs that can offer sophisticated networking features like switching, routing, and security without depending on proprietary hardware. The adoption of software solutions in the virtual networking market has also been boosted by the availability of hypervisor software solutions, which enable numerous virtual machines to operate on a single physical server and provide organisations with affordable and adaptable solutions.
The cloud segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the deployment, the virtual networking market is divided into on-premise and cloud. Among these, the cloud segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The usage of cloud-based virtual private networks (VPNs), which allow businesses to safely link their cloud resources to other cloud-based services and their on-premises network, is an increasing trend. Utilising cloud-based load balancers can also optimise application performance by distributing traffic among several servers. These trends are anticipated to fuel the expansion of the cloud market in the coming years as more businesses embrace cloud computing.
North America is expected to hold the majority share of the global virtual networking market during the forecast period.
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The market for virtual networking is expanding significantly in North America due to the growing use of cloud computing, Software-Defined Networking (SDN), and Network Function Virtualisation (NFV). Companies are moving to cloud environments in order to increase scalability, lower costs, and improve agility. Because SDN can automate and simplify network management, it is becoming more and more popular. Business continuity and quick service deployment are supported by the growing use of cloud-based services in the United States as well as the transition to public, private, and hybrid clouds. The need for virtualised network infrastructure is anticipated to increase further as cloud solutions are used by both SMBs and businesses.
Asia Pacific is anticipated to grow at the fastest pace in the global virtual networking market during the forecast period. With the growing use of hybrid cloud models, which provide increased flexibility, scalability, and cost-effectiveness, the virtual networking industry is expanding regionally. Cloud security is being improved by cloud computing technologies such as virtual routers, firewalls, Secure Service Edge (SSE), and Zero Trust Network Access (ZTNA). The adoption of virtual networking is rising in Japan due to the country's emphasis on sustainability and energy efficiency, which aims to decrease energy consumption and hardware dependency. This is in line with the nation's environmental objectives. In the meantime, India is investing heavily in data centre infrastructure, and virtual networking makes it possible to split the network, use resources efficiently, and quickly deploy services to support its growing digital economy.
Major vendors in the global virtual networking market are Huawei Technologies Co., Ltd., Hewlett Packard Enterprise Development LP, VMware, Inc., Cisco Systems, Inc., Microsoft Corporation, IBM Corporation, Citrix Systems, Inc., Juniper Networks, Inc., Oracle, Verizon Communications Inc., and Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In December 2024, the US government and defence clients, Rivada Networks Inc. announced the establishment of Rivada Secure Services, a fully owned subsidiary. "The creation of Rivada Secure Services demonstrates our commitment to providing our government customers with the highest level of secure, resilient communications," stated Declan Ganley, CEO of Rivada Space Networks. In order to properly meet the distinct mission objectives of U.S. defence and civilian agencies while upholding the required security regulations, Rivada Secure Services will act as a proxy organisation.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the virtual networking market based on the below-mentioned segments:
Global Virtual Networking Market, By Component
- Hardware
- Software
- Services
Global Virtual Networking Market, By Deployment
- On-Premise
- Cloud
Global Virtual Networking Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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