The virtual networking market refers to the use of software to create virtual networks that simulate the functions of physical networks. Virtual networking allows multiple devices and applications to communicate with each other over a shared network, regardless of their physical location. This technology is particularly useful for businesses that have distributed workforces or that rely on cloud computing services.
The virtual networking market includes a range of software and services, such as virtual private networks (VPNs), virtual LANs (VLANs), software-defined networking (SDN), and network function virtualization (NFV). These technologies can be used to improve network security, reduce costs, and increase flexibility.
Virtual Networking Market Trends
Ease in Network Management to Spur Market Growth: Virtual networking enables end users to monitor and manage their company’s network, and provides complete access of the network. Solution providers help organisations by notifying users and managing the end-points of the network, in case of threat detection.
Also, organizations can gain access to a portal where all network activities, such as service management, SLA management, mobile health monitoring, and performance reporting, are reported, which makes network management much easier.
In addition, managed network services help enterprises in the optimum utilization of all resources, which increases the efficiency of enterprises. Thus, ease in network management is a significant factor anticipated to drive the growth of virtual networking market.
For instance, in February 2019, Vmware Inc. integrated its SD-WAN with ADVA Optical Networking and Telco Systems to deliver universal customer premise equipment (uCPE) solutions. Through this integration, it will be able to consolidate multiple services onto a single platform, and simplify the delivery and management of virtual services and applications.
Integration of Cloud and Managed VPN to Create Opportunities: Advancements in technology have led to innovation in the cloud. Factors such as scalability, mobility, flexibility, and high availability of data have led to tremendous growth in the cloud-based market.
Increase in the number of cloud service providers creates numerous opportunities for virtual networking solution providers to integrate the cloud with their services, by entering into partnerships with these cloud service providers. These collaborations also help resolve the problem of cyber security threats and breaches, since virtual networking provides secure access to a network.
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