The global switched virtual interface market is expected to grow at a significant CAGR during the forecast period (2024-2031). A switched virtual interface is a bridging or routing system that represents a virtual local area network of switch ports through a single interface. A switched virtual interface, in other words, is a logical interface that is constructed inside a multi-layer switch. A trunk is necessary to carry out network traffic for Virtual LAN, and a switched virtual interface is associated with all peripheral devices of routers. For any virtual local area network that exists, a switched virtual interface can be created; however, each virtual LAN can only have one switched virtual interface linked to it.
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The main advantage of using a switched virtual interface is that it is much faster than a router on a pole as everything is hardware switched. Furthermore, no external connections from the switch to the router are required; hence, the risk of a single point failure when using a switch is reduced. The global switched virtual interface market is propelled by technological advancements and the rapid development of new and improved networking solutions.
Furthermore, increased enterprise demand for switched virtual interfaces is projected to drive market growth in the near future. This is due to the fact that many businesses now prefer switched virtual interfaces over the router-on-stick method of joining virtual local area networks in a switched network. However, a major factor that is restricting the market growth includes the lack of professional competence. In addition, the high cost of implementing a switched virtual interface is expected to limit the market growth.
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Market Coverage
- Segment Covered-
o By Organization Size
o By End-user
- Competitive Landscape: Cisco Systems, Inc., Adobe Systems Inc., Asymetrix Corp., and Apple Inc., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Switched Virtual Interface Market Segmentation
By Organization Size
- Small and Medium Enterprises
- Large Enterprises
By End-User
- Manufacturing
- Healthcare
- Retail
- Government
- Energy & Utilities
- BFSI
- Others
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