Global Virtual Networking Market Research Report Forecast to 2023

Virtual networking is a technology that streamlines the control of remotely located devices or server through the Internet. It enables users to communicate locally and remotely, across similar and dissimilar networks, through a simplified interface. This technology combines hardware and software network resources and network functionality into a single network. The single network, also known as a virtual network, is a software-based administrative entity that provides cross-platform support and allows remote control between different devices or servers. Virtual networking facilitates the consolidation of a range of services and devices on a single hardware platform over the Internet. With the growing focus on abilities that manage virtual machines, virtual networking services have become more valuable than ever. The various factors contributing to the rising adoption of these services are server virtualization, increased need for cloud computing, growing adoption of software-defined networking in enterprises, and the need for network and physical hardware virtualization to reduce network downtime. 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. This research report categorizes the virtual networking market by type, application, and region/country. Based on type, the market is segmented into hardware, software, and services. The applications of virtual networking services covered in the study are BFSI, public sector, manufacturing, hospitality, IT & telecommunication, and healthcare. The regions included in the study are North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa (MEA).
The growing adoption of server virtualization by enterprises with multiple locations and the rising demand for software-defined networking (SDN) and software-defined data center (SDDC) for network virtualization are some of the major factors driving the growth of virtual networking market. Moreover, network virtualization is expected to advance its development pace in the coming years owing to the integration of various cloud-based platforms with the Internet of Things (IoT). However, a lack of proper infrastructure and budgetary constraints are some of the issues that slow down the market growth of such technological systems.
The global virtual networking market is expected to register a 34.3% CAGR during the forecast period 20182023. In 2017, the market was led by North America with 39.64% share, followed by Europe and Asia-Pacific with 27.29% and 17.99% market shares respectively. Advancements in networking technology and high adoption of advanced communication method by the population in North America and Europe are some of the factors propelling the growth of the virtual networking market. The market in Asia-Pacific and the Middle East & Africa are expected to show positive growth in the coming years owing to the growing disposable income and adoption of advanced technologies by companies in this region.
The global virtual networking market has been segmented based on type, application, and region.
On the basis of type, the market has been segmented into hardware, software, and service. Based on application, the market has been segmented into BFSI, public sector, manufacturing, healthcare, and IT & telecommunication. By region, the market has been segmented into North America, Asia-Pacific, Europe, and the rest of the world.
Based on type, the service segment accounted for the larger share with a market value of USD 5,026.4 million in 2017, which is projected to exhibit a CAGR of 36.36% during the forecast period. Based on application, the IT & Telecommunication segment accounted for the largest market share with a market value of USD 2,679.3 million in 2017 and is projected to register a CAGR of 37.17%.
The global virtual networking market is expected to reach approximately USD 62,080.4 million by 2023, registering a CAGR of 34.32% between 2018 and 2023.
Key Players
The key players of the global virtual networking market are Huawei Technologies Co. Ltd, Hewlett Packard Enterprise Co, IBM Corporation, Oracle Corporation, Microsoft Corporation, VMware, Inc. Citrix Systems, Inc., Virtual Network Solutions and Verizon Communications Inc.
Global Virtual networking Market analysis & Forecast, from 2018 to 2023
To provide a detailed analysis of the market structure along with a forecast of various segments and sub-segments of the virtual networking market for the next five years
To provide insights about factors affecting the market growth
To analyze the global virtual networking market based on various factors such as supply chain analysis, and Porters five force analysis
To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
To provide country-level analysis of the market with respect to the current market size and future prospective
To provide country level analysis of the market for segments by deployment, and end-users
To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product development, and research and developments in the virtual networking market
To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the virtual networking market
Target Audience
Component manufacturers and distributors
SDN and NFV providers
Integrators
Cloud Service Providers
Software Developers
Professional service providers
Network equipment manufacturers
Analysts and strategic business planners
Research organizations
Associations, organizations, and alliances
Key Findings
The global virtual networking market is expected to reach USD 62,080.4 million by 2023.
On the basis of type, the service segment accounted for the larger share with a market value of USD 5,026.4 million in 2017, which is projected to register a CAGR of 36.36% during the forecast period.
Based on application, the IT & Telecommunication segment accounted for the largest market share with a market value of USD 2,679.3 million in 2017 and is projected to exhibit a CAGR of 37.17%.
Geographically, North America is projected to hold the largest market share in the global virtual networking market followed by Europe, Asia-Pacific, and the rest of the world

Regional and Country Analysis of Virtual networking Market Estimation and Forecast
The global virtual networking market was led by North America had occupied 39.64% of the total market share in 2017. Europe and Asia-Pacific held the second and third position in the global virtual networking market globally by occupying 27.29% and 17.99% of the total market share respectively in 2017. Furthermore, Asia-Pacific is the fastest growing market at 35.71% CAGR. However, the market in the rest of the world is growing at a relatively slow rate and occupied only 15.06% market share in 2017.
The report on the global virtual networking market also covers the following countries for country-level analysis:
North America
oUS
oCanada
oMexico
Europe
oUK
oGermany
oFrance
oRussia
oItaly
oRest of Europe
Asia-Pacific
oChina
oJapan
oIndia
oKorea
oSoutheast Asia
oRest of Asia-Pacific
Rest of the World
oMiddle East & Africa
oLatin America


1Executive Summary
2Market Introduction
2.1Definition
2.2Scope of the Study
2.3List of Assumptions
2.4Market Structure
3Research Methodology
3.1Research Process
3.2Secondary Research
3.3Primary Research
3.4Forecast Model
4Market Dynamics
4.1Introduction
4.2Drivers
4.2.1Growing Adoption of Server Virtualization by Enterprises with Multiple Locations
4.2.2Rising Demand for SDN and SDDC for network virtualization
4.3Challenges
4.3.1Lack of Technical Expertise, Communication Infrastructure, and High Cost of R&D
4.4Opportunities
4.4.1Increasing Adoption of the Internet of Things
4.5Value Chain Analysis
4.6Porters Five Forces Model
4.6.1Threat of New Entrants
4.6.2Bargaining Power of Suppliers
4.6.3Bargaining Power of Buyers
4.6.4Threat of Substitutes
4.6.5Intensity of Rivalry
5Global Virtual Networking Market, by Type
5.1Overview
5.1.1Hardware
5.1.2Software
5.1.3Service
6Global Virtual Networking Market, by Application
6.1Overview
6.1.1BFSI
6.1.2Public Sector
6.1.3Manufacturing
6.1.4Healthcare
6.1.5IT & Telecommunication
7Virtual Networking Market, by Region
7.1Introduction
7.2North America
7.2.1US
7.2.2Canada
7.2.3Mexico
7.3Europe
7.3.1Germany
7.3.2France
7.3.3UK
7.3.4Russia
7.3.5Italy
7.3.6Rest of Europe
7.4Asia-Pacific
7.4.1China
7.4.2Japan
7.4.3South Korea
7.4.4India
7.4.5South East Asia
7.4.6Rest of Asia-Pacific
7.5Latin America
7.5.1Brazil
7.5.2Argentina
7.5.3Colombia
7.6Middle East & Africa
7.6.1Saudi Arabia
7.6.2UAE
7.6.3Egypt
7.6.4Nigeria
7.6.5South Africa
7.6.6Other Countries
8Competitive Landscape
8.1Competitive Landscape Overview
9Company Profile
9.1Huawei Technologies Co. Ltd
9.1.1Company Overview
9.1.2Financial Overview
9.1.3Services/Solutions Offered
9.1.4Key Development
9.1.5SWOT Analysis
9.1.6Key Strategies
9.2Hewlett Packard Enterprise Co.
9.2.1Company Overview
9.2.2Financial Overview
9.2.3Products/Services/Solutions Offered
9.2.4Key Developments
9.2.5SWOT Analysis
9.2.6Key Strategies
9.3IBM Corporation
9.3.1Company Overview
9.3.2Financial Performance
9.3.3Services/Solutions Offered
9.3.4Key Developments
9.3.5SWOT Analysis
9.3.6Key Strategies
9.4Oracle Corporation
9.4.1Company Overviews
9.4.2Financial Overview
9.4.3Products/Services Offered
9.4.4Key Developments
9.4.5SWOT Analysis
9.4.6Key Strategies
9.5Microsoft Corporation
9.5.1Company Overviews
9.5.2Financial Overview
9.5.3Products/Services Offered
9.5.4Key Developments
9.5.5SWOT Analysis
9.5.6Key Strategies
9.6VMware, Inc.
9.6.1Company Overviews
9.6.2Financial Overview
9.6.3Products/Services Offered
9.6.4Key Developments
9.6.5SWOT Analysis
9.6.6Key Strategies
9.7Citrix Systems, Inc.
9.7.1Company Overviews
9.7.2Financial Overview
9.7.3Products/Services Offered
9.7.4Key Developments
9.7.5SWOT Analysis
9.7.6Key Strategies
9.8Virtual Network Solutions
9.8.1Company Overviews
9.8.2Products/Services Offered
9.8.3Key Strategies
9.9Verizon Communications Inc
9.9.1Company Overviews
9.9.2Products/Services Offered
9.9.3Key Developments
9.9.4Financial Overview
9.9.5SWOT Analysis
9.9.6Key Strategies

List Of Tables



TABLE 1MARKET SYNOPSIS
TABLE 2LIST OF ASSUMPTIONS
TABLE 3GLOBAL VIRTUAL NETWORKING MARKET, BY TYPE, 20132023 (USD MILLION)
TABLE 4GLOBAL VIRTUAL NETWORKING MARKET, BY APPLICATION, 20132023 (USD MILLION)
TABLE 5GLOBAL VIRTUAL NETWORKING MARKET, BY REGION, 20132023 (USD MILLION)
TABLE 6NORTH AMERICA: VIRTUAL NETWORKING MARKET, BY COUNTRY, 20132023 (USD MILLION)
TABLE 7NORTH AMERICA: VIRTUAL NETWORKING MARKET, BY TYPE, 20132023 (USD MILLION)
TABLE 8NORTH AMERICA: VIRTUAL NETWORKING MARKET, BY APPLICATION, 20132023 (USD MILLION)
TABLE 9US: VIRTUAL NETWORKING MARKET, BY TYPE, 20132023 (USD MILLION)
TABLE 10US: VIRTUAL NETWORKING MARKET, BY APPLICATION, 20132023 (USD MILLION)
TABLE 11CANADA: VIRTUAL NETWORKING MARKET, BY TYPE, 20132023 (USD MILLION)
TABLE 12CANADA: VIRTUAL NETWORKING MARKET, BY APPLICATION, 20132023 (USD MILLION)
TABLE 13MEXICO: VIRTUAL NETWORKING MARKET, BY TYPE, 20132023 (USD MILLION)
TABLE 14MEXICO: VIRTUAL NETWORKING MARKET, BY APPLICATION, 20132023 (USD MILLION)
TABLE 15EUROPE: VIRTUAL NETWORKING MARKET, BY COUNTRY, 20132023 (USD MILLION)
TABLE 16EUROPE: VIRTUAL NETWORKING MARKET, BY TYPE, 20132023 (USD MILLION)
TABLE 17EUROPE: VIRTUAL NETWORKING MARKET, BY APPLICATION, 20132023 (USD MILLION)
TABLE 18GERMANY: VIRTUAL NETWORKING MARKET, BY TYPE, 20132023 (USD MILLION)
TABLE 19GERMANY: VIRTUAL NETWORKING MARKET, BY APPLICATION, 20132023 (USD MILLION)
TABLE 20FRANCE: VIRTUAL NETWORKING MARKET, BY TYPE, 20132023 (USD MILLION)
TABLE 21FRANCE: VIRTUAL NETWORKING MARKET, BY APPLICATION, 20132023 (USD MILLION)
TABLE 22UK: VIRTUAL NETWORKING MARKET, BY TYPE, 20132023 (USD MILLION)
TABLE 23UK: VIRTUAL NETWORKING MARKET, BY APPLICATION, 20132023 (USD MILLION)
TABLE 24RUSSIA: VIRTUAL NETWORKING MARKET, BY TYPE, 20132023 (USD MILLION)
TABLE 25RUASSIA: VIRTUAL NETWORKING MARKET, BY APPLICATION, 20132023 (USD MILLION)
TABLE 26ITALY: VIRTUAL NETWORKING MARKET, BY TYPE, 20132023 (USD MILLION)
TABLE 27ITALY: VIRTUAL NETWORKING MARKET, BY APPLICATION, 20132023 (USD MILLION)
TABLE 28REST OF EUROPE: VIRTUAL NETWORKING MARKET, BY TYPE, 20132023 (USD MILLION)
TABLE 29REST OF EUROPE: VIRTUAL NETWORKING MARKET, BY APPLICATION, 20132023 (USD MILLION)
TABLE 30ASIA-PACIFIC: VIRTUAL NETWORKING MARKET, BY COUNTRY, 20132023 (USD MILLION)
TABLE 31ASIA-PACIFIC: VIRTUAL NETWORKING MARKET, BY TYPE, 20132023 (USD MILLION)
TABLE 32ASIA-PACIFIC: VIRTUAL NETWORKING MARKET, BY APPLICATION, 20132023 (USD MILLION)
TABLE 33CHINA: VIRTUAL NETWORKING MARKET, BY TYPE, 20132023 (USD MILLION)
TABLE 34CHINA: VIRTUAL NETWORKING MARKET, BY APPLICATION, 20132023 (USD MILLION)
TABLE 35JAPAN: VIRTUAL NETWORKING MARKET, BY TYPE, 20132023 (USD MILLION)
TABLE 36JAPAN: VIRTUAL NETWORKING MARKET, BY APPLICATION, 20132023 (USD MILLION)
TABLE 37SOUTH KOREA: VIRTUAL NETWORKING MARKET, BY TYPE, 20132023 (USD MILLION)
TABLE 38SOUTH KOREA: VIRTUAL NETWORKING MARKET, BY APPLICATION, 20132023 (USD MILLION)
TABLE 39INDIA: VIRTUAL NETWORKING MARKET, BY TYPE, 20132023 (USD MILLION)
TABLE 40INDIA: VIRTUAL NETWORKING MARKET, BY APPLICATION, 20132023 (USD MILLION)
TABLE 41SOUTH EAST ASIA: VIRTUAL NETWORKING MARKET, BY TYPE, 20132023 (USD MILLION)
TABLE 42SOUTH EAST ASIA: VIRTUAL NETWORKING MARKET, BY APPLICATION, 20132023 (USD MILLION)
TABLE 43REST OF ASIA-PACIFIC: VIRTUAL NETWORKING MARKET, BY TYPE, 20132023 (USD MILLION)
TABLE 44REST OF ASIA-PACIFIC: VIRTUAL NETWORKING MARKET, BY APPLICATION, 20132023 (USD MILLION)
TABLE 45LATIN AMERICA: VIRTUAL NETWORKING MARKET, BY COUNTRY, 20132023 (USD MILLION)
TABLE 46LATIN AMERICA: VIRTUAL NETWORKING MARKET, BY TYPE, 20132023 (USD MILLION)
TABLE 47LATIN AMERICA: VIRTUAL NETWORKING MARKET, BY APPLICATION, 20132023 (USD MILLION)
TABLE 48BRAZIL: VIRTUAL NETWORKING MARKET, BY TYPE, 20132023 (USD MILLION)
TABLE 49BRAZIL: VIRTUAL NETWORKING MARKET, BY APPLICATION, 20132023 (USD MILLION)
TABLE 50ARGENTINA: VIRTUAL NETWORKING MARKET, BY TYPE, 20132023 (USD MILLION)
TABLE 51ARGENTINA: VIRTUAL NETWORKING MARKET, BY APPLICATION, 20132023 (USD MILLION)
TABLE 52COLOMBIA: VIRTUAL NETWORKING MARKET, BY TYPE, 20132023 (USD MILLION)
TABLE 53COLOMBIA: VIRTUAL NETWORKING MARKET, BY APPLICATION, 20132023 (USD MILLION)
TABLE 54MIDDLE EAST & AFRICA: VIRTUAL NETWORKING MARKET, BY COUNTRY, 20132023 (USD MILLION)
TABLE 55MIDDLE EAST & AFRICA: VIRTUAL NETWORKING MARKET, BY TYPE, 20132023 (USD MILLION)
TABLE 56MIDDLE EAST & AFRICA: VIRTUAL NETWORKING MARKET, BY APPLICATION, 20132023 (USD MILLION)
TABLE 57SAUDI ARABIA: VIRTUAL NETWORKING MARKET, BY TYPE, 20132023 (USD MILLION)
TABLE 58SAUDI ARABIA: VIRTUAL NETWORKING MARKET, BY APPLICATION, 20132023 (USD MILLION)
TABLE 59UAE: VIRTUAL NETWORKING MARKET, BY TYPE, 20132023 (USD MILLION)
TABLE 60UAE: VIRTUAL NETWORKING MARKET, BY APPLICATION, 20132023 (USD MILLION)
TABLE 61EGYPT: VIRTUAL NETWORKING MARKET, BY TYPE, 20132023 (USD MILLION)
TABLE 62EGYPT: VIRTUAL NETWORKING MARKET, BY APPLICATION, 20132023 (USD MILLION)
TABLE 63NIGERIA: VIRTUAL NETWORKING MARKET, BY TYPE, 20132023 (USD MILLION)
TABLE 64NIGERIA: VIRTUAL NETWORKING MARKET, BY APPLICATION, 2019-2023 (USD MILLION)
TABLE 65SOUTH AFRICA: VIRTUAL NETWORKING MARKET, BY TYPE, 2019-2023 (USD MILLION)
TABLE 66SOUTH AFRICA: VIRTUAL NETWORKING MARKET, BY APPLICATION, 2019-2023 (USD MILLION)
TABLE 67OTHER COUNTRIES: VIRTUAL NETWORKING MARKET, BY TYPE, 2019-2023 (USD MILLION)
TABLE 68OTHER COUNTRIES: VIRTUAL NETWORKING MARKET, BY APPLICATION, 2019-2023 (USD MILLION)

List Of Figures



FIGURE 1GLOBAL VIRTUAL NETWORKING MARKET: MARKET STRUCTURE
FIGURE 2TOP DOWN & BOTTOM UP APPROACH
FIGURE 3DRIVERS, OPPORTUNITIES, AND CHALLENGEES ANALYSIS OF GLOBAL VIRTUAL NETWORKING MARKET
FIGURE 4VALUE CHAIN: VIRTUAL NETWORKING MARKET
FIGURE 5PORTERS FIVE FORCES ANALYSIS OF THE GLOBAL VIRTUAL NETWORKING MARKET
FIGURE 6GLOBAL VIRTUAL NETWORKING MARKET, BY TYPE, GROWTH RATE, 20132023 (%)
FIGURE 7GLOBAL VIRTUAL NETWORKING MARKET, BY TYPE, 2013 VS 2017 VS 2023 (USD MILLION)
FIGURE 8GLOBAL VIRTUAL NETWORKING MARKET, GROWTH RATE, 20132023
FIGURE 9GLOBAL VIRTUAL NETWORKING MARKET, BY APPLICATION 2013 VS 2017 VS 2023 (USD MILLION)
FIGURE 10GLOBAL VIRTUAL NETWORKING MARKET, BY REGION, GROWTH RATE, 20132023 (%)
FIGURE 11GLOBAL VIRTUAL NETWORKING MARKET, BY REGION, 2013 VS 2017 VS 2023 (USD MILLION)
FIGURE 12NORTH AMERICA: VIRTUAL NETWORKING MARKET GROWTH RATE, 20132023 (%)
FIGURE 13NORTH AMERICA: VIRTUAL NETWORKING MARKET SIZE, BY COUNTRY, 2013 VS 2017 VS 2023 (USD MILLION)
FIGURE 14NORTH AMERICA: VIRTUAL NETWORKING MARKET, BY TYPE, 2013 VS 2017 VS 2023 (USD MILLION)
FIGURE 15NORTH AMERICA: VIRTUAL NETWORKING MARKET, BY APPLICATION, 2013 VS 2017 VS 2023 (USD MILLION)
FIGURE 16EUROPE: VIRTUAL NETWORKING MARKET GROWTH RATE, 20132023 (%)
FIGURE 17EUROPE: VIRTUAL NETWORKING MARKET SIZE, BY COUNTRY, 2013 VS 2017 VS 2023 (USD MILLION)
FIGURE 18EUROPE: VIRTUAL NETWORKING MARKET, BY TYPE, 2013 VS 2017 VS 2023 (USD MILLION)
FIGURE 19EUROPE: VIRTUAL NETWORKING MARKET, BY APPLICATION, 2013 VS 2017 VS 2023 (USD MILLION)
FIGURE 20ASIA-PACIFIC: VIRTUAL NETWORKING MARKET GROWTH RATE, 20132023 (%)
FIGURE 21ASIA-PACIFIC: VIRTUAL NETWORKING MARKET SIZE, BY COUNTRY, 2013 VS 2017 VS 2023 (USD MILLION)
FIGURE 22ASIA-PACIFIC: VIRTUAL NETWORKING MARKET, BY TYPE, 2013 VS 2017 VS 2023 (USD MILLION)
FIGURE 23ASIA-PACIFIC: VIRTUAL NETWORKING MARKET, BY APPLICATION, 2013 VS 2017 VS 2023 (USD MILLION)
FIGURE 24LATIN AMERICA: VIRTUAL NETWORKING MARKET GROWTH RATE, 20132023 (%)
FIGURE 25LATIN AMERICA: VIRTUAL NETWORKING MARKET SIZE, BY COUNTRY, 2013 VS 2017 VS 2023 (USD MILLION)
FIGURE 26LATIN AMERICA: VIRTUAL NETWORKING MARKET, BY TYPE, 2013 VS 2017 VS 2023 (USD MILLION)
FIGURE 27LATIN AMERICA: VIRTUAL NETWORKING MARKET, BY APPLICATION, 2013 VS 2023 (USD MILLION)
FIGURE 28MIDDLE EAST & AFRICA: VIRTUAL NETWORKING MARKET GROWTH RATE, 20132023 (%)
FIGURE 29MIDDLE EAST & AFRICA: VIRTUAL NETWORKING MARKET SIZE, BY COUNTRY, 2013 VS 2017 VS 2023 (USD MILLION)
FIGURE 30MIDDLE EAST & AFRICA: VIRTUAL NETWORKING MARKET, BY TYPE, 2013 VS 2023 (USD MILLION)
FIGURE 31MIDDLE EAST & AFRICA: VIRTUAL NETWORKING MARKET, BY APPLICATION, 2013 VS 2023 (USD MILLION)
FIGURE 32TOP FIVE MAJOR COMPETITORS MARKET SHARE, 2017 (%)
FIGURE 33TOP THREE MAJOR COMPETITORS MARKET SHARE, 2017 (%)
FIGURE 34COMPETITIVE BENCHMARKING OF MAJOR COMPETITORS

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