The global virtual networking market is anticipated to grow at a significant CAGR during the forecast period. The major factor for the growth of the market is the increasing considerations of short-term tactics and long-term tactics by the businesses globally along with that adoption of virtual network connections is fueling the demand of the market during the forecast period.
Further, many organizations globally are adopting virtual networking concepts, where organizations can communicate across all their offices across the globe. With the increasing need for a hybrid work environment and work from the home culture, it is expected to fuel the market growth during the forecast period. Increasing demand for network flexibility among the organizations will significantly grow the demand for the market. In February 2019, Vmware Inc., integrated SD-WAN in their software to deliver their customer’s premise equipment solutions. With the increasing number of cloud computing and cloud service, various opportunities for virtual networking might come up. These all factors will fuel the growth of the market during the forecast period. Some of the key global players in the virtual networking market include Microsoft Corp., IBM Corp., Cisco Systems, Inc., Silver Peak Systems, Huawei Technologies Co. Ltd., Dell Technologies, and many others.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Component
o By Enterprise Size
o By End-User
- Competitive Landscape – Microsoft Corp., IBM Corp., Cisco Systems, Inc., Silver Peak Systems, Huawei Technologies Co. Ltd.
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 Virtual Networking Market by Segments
By Component
- Solutions
- Services
- Managed Network Services
By Enterprise Size
- Small and Medium Scale Enterprises
- Large Enterprises
By End-User
- Network service providers
- Telecom service providers
- Managed service providers
- Others
A full report of Virtual Networking Market is available at: https://www.omrglobal.com/industry-reports/virtual-networking-market
