The North America Virtual Networking Market would witness market growth of 24.7% CAGR during the forecast period (2023-2029).
With the help of virtual networking, devices can operate in numerous locations with the same abilities as a regular physical network. This enables data centers to spread across various physical locations and gives network administrators new, more effective options. This includes the ability to quickly modify the network as needs change without having to replace or purchase additional hardware, greater flexibility in providing the network for particular needs and applications, and the capability to move workloads throughout the network systems.
Virtual networking improves server or remotely located device control due to the quick development of technology and advancements in internet access. Users can communicate remotely or locally across different or comparable networks by using a streamlined interface because of virtual networking.
The primary driver behind the development of the market is the high demand for cutting-edge technology that can combine various services and devices on a single hardware platform. Additionally, the rising usage of machinery, services, and devices that need virtual networking for optimal performance, and the rise in use of cloud-based solutions also propel the need for virtual networking.
The demand for virtual networking is continuously rising in North America because of the rise in the adoption of cutting-edge technologies for communication and the swift changes in IT infrastructure. Due to the widespread use of contemporary communication methods by Americans and Canadians, the US is expected to have the most influence on the growth of the virtual networking market. This region's primary drivers of growth are increased private player investment and government and network cooperation.
The US market dominated the North America Virtual Networking Market by Country in 2022; thereby, achieving a market value of $38,882.6 Million by 2029. The Canada market would exhibit a CAGR of 27.5% during (2023 - 2029). Additionally, The Mexico market is experiencing a CAGR of 26.4% during (2023 - 2029).
Based on Deployment, the market is segmented into Cloud and On-premise. Based on Component, the market is segmented into Software, Hardware and Services. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Application, the market is segmented into IT & Telecommunication, BFSI, Manufacturing, Public Sector, Healthcare, Hospitality and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Virtual Networking Market is Projected to reach USD 150 Billion by 2029, at a CAGR of 25.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Hewlett Packard Enterprise Company, VMware, Inc., Cisco Systems, Inc., Microsoft Corporation, IBM Corporation, Citrix Systems, Inc. (Cloud Software Group, Inc.), Juniper Networks, Inc., Oracle Corporation and Verizon Communications, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Deployment
By Component
- Software
- Hardware
- Services
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
By Application
- IT & Telecommunication
- BFSI
- Manufacturing
- Public Sector
- Healthcare
- Hospitality
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Hewlett Packard Enterprise Company
- VMware, Inc.
- Cisco Systems, Inc.
- Microsoft Corporation
- IBM Corporation
- Citrix Systems, Inc. (Cloud Software Group, Inc.)
- Juniper Networks, Inc.
- Oracle Corporation
- Verizon Communications, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Virtual Networking Market, by Deployment
1.4.2 North America Virtual Networking Market, by Component
1.4.3 North America Virtual Networking Market, by Organization Size
1.4.4 North America Virtual Networking Market, by Application
1.4.5 North America Virtual Networking Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.4.2 Key Strategic Move: (Acquisitions and Mergers : 2019, Jan – 2022, Sep) Leading Players
Chapter 4. North America Virtual Networking Market by Deployment
4.1 North America Cloud Market by Country
4.2 North America On-premise Market by Country
Chapter 5. North America Virtual Networking Market by Component
5.1 North America Software Market by Country
5.2 North America Hardware Market by Country
5.3 North America Services Market by Country
Chapter 6. North America Virtual Networking Market by Organization Size
6.1 North America Large Enterprises Market by Country
6.2 North America Small & Medium Enterprises Market by Country
Chapter 7. North America Virtual Networking Market by Application
7.1 North America IT & Telecommunication Market by Country
7.2 North America BFSI Market by Country
7.3 North America Manufacturing Market by Country
7.4 North America Public Sector Market by Country
7.5 North America Healthcare Market by Country
7.6 North America Hospitality Market by Country
7.7 North America Others Market by Country
Chapter 8. North America Virtual Networking Market by Country
8.1 US Virtual Networking Market
8.1.1 US Virtual Networking Market by Deployment
8.1.2 US Virtual Networking Market by Component
8.1.3 US Virtual Networking Market by Organization Size
8.1.4 US Virtual Networking Market by Application
8.2 Canada Virtual Networking Market
8.2.1 Canada Virtual Networking Market by Deployment
8.2.2 Canada Virtual Networking Market by Component
8.2.3 Canada Virtual Networking Market by Organization Size
8.2.4 Canada Virtual Networking Market by Application
8.3 Mexico Virtual Networking Market
8.3.1 Mexico Virtual Networking Market by Deployment
8.3.2 Mexico Virtual Networking Market by Component
8.3.3 Mexico Virtual Networking Market by Organization Size
8.3.4 Mexico Virtual Networking Market by Application
8.4 Rest of North America Virtual Networking Market
8.4.1 Rest of North America Virtual Networking Market by Deployment
8.4.2 Rest of North America Virtual Networking Market by Component
8.4.3 Rest of North America Virtual Networking Market by Organization Size
8.4.4 Rest of North America Virtual Networking Market by Application
Chapter 9. Company Profiles
9.1 Cisco Systems, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 Hewlett Packard Enterprise Company
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.5.3 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 IBM Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Regional & Segmental Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Acquisition and Mergers:
9.3.6 SWOT Analysis
9.4 Oracle Corporation
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.6 SWOT Analysis
9.5 Microsoft Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Acquisition and Mergers:
9.5.6 SWOT Analysis
9.6 Juniper Networks, Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.5.2 Acquisition and Mergers:
9.7 Verizon Communications, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental Analysis
9.7.4 Recent strategies and developments:
9.7.4.1 Partnerships, Collaborations, and Agreements:
9.7.4.2 Acquisition and Mergers:
9.8 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.8.5 Recent strategies and developments:
9.8.5.1 Partnerships, Collaborations, and Agreements:
9.8.5.2 Product Launches and Product Expansions:
9.9 VMware, Inc.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Product Launches and Product Expansions:
9.9.5.2 Acquisition and Mergers:
9.10. Citrix Systems, Inc. (Cloud Software Group, Inc.)
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Regional Analysis
9.10.4 Research & Development Expense
TABLE 1 North America Virtual Networking Market, 2019 - 2022, USD Million
TABLE 2 North America Virtual Networking Market, 2023 - 2029, USD Million
TABLE 3 Partnerships, Collaborations and Agreements- Virtual Networking Market
TABLE 4 Product Launches And Product Expansions- Virtual Networking Market
TABLE 5 Acquisition and Mergers- Virtual Networking Market
TABLE 6 North America Virtual Networking Market by Deployment, 2019 - 2022, USD Million
TABLE 7 North America Virtual Networking Market by Deployment, 2023 - 2029, USD Million
TABLE 8 North America Cloud Market by Country, 2019 - 2022, USD Million
TABLE 9 North America Cloud Market by Country, 2023 - 2029, USD Million
TABLE 10 North America On-premise Market by Country, 2019 - 2022, USD Million
TABLE 11 North America On-premise Market by Country, 2023 - 2029, USD Million
TABLE 12 North America Virtual Networking Market by Component, 2019 - 2022, USD Million
TABLE 13 North America Virtual Networking Market by Component, 2023 - 2029, USD Million
TABLE 14 North America Software Market by Country, 2019 - 2022, USD Million
TABLE 15 North America Software Market by Country, 2023 - 2029, USD Million
TABLE 16 North America Hardware Market by Country, 2019 - 2022, USD Million
TABLE 17 North America Hardware Market by Country, 2023 - 2029, USD Million
TABLE 18 North America Services Market by Country, 2019 - 2022, USD Million
TABLE 19 North America Services Market by Country, 2023 - 2029, USD Million
TABLE 20 North America Virtual Networking Market by Organization Size, 2019 - 2022, USD Million
TABLE 21 North America Virtual Networking Market by Organization Size, 2023 - 2029, USD Million
TABLE 22 North America Large Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 23 North America Large Enterprises Market by Country, 2023 - 2029, USD Million
TABLE 24 North America Small & Medium Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 25 North America Small & Medium Enterprises Market by Country, 2023 - 2029, USD Million
TABLE 26 North America Virtual Networking Market by Application, 2019 - 2022, USD Million
TABLE 27 North America Virtual Networking Market by Application, 2023 - 2029, USD Million
TABLE 28 North America IT & Telecommunication Market by Country, 2019 - 2022, USD Million
TABLE 29 North America IT & Telecommunication Market by Country, 2023 - 2029, USD Million
TABLE 30 North America BFSI Market by Country, 2019 - 2022, USD Million
TABLE 31 North America BFSI Market by Country, 2023 - 2029, USD Million
TABLE 32 North America Manufacturing Market by Country, 2019 - 2022, USD Million
TABLE 33 North America Manufacturing Market by Country, 2023 - 2029, USD Million
TABLE 34 North America Public Sector Market by Country, 2019 - 2022, USD Million
TABLE 35 North America Public Sector Market by Country, 2023 - 2029, USD Million
TABLE 36 North America Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 37 North America Healthcare Market by Country, 2023 - 2029, USD Million
TABLE 38 North America Hospitality Market by Country, 2019 - 2022, USD Million
TABLE 39 North America Hospitality Market by Country, 2023 - 2029, USD Million
TABLE 40 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 41 North America Others Market by Country, 2023 - 2029, USD Million
TABLE 42 North America Virtual Networking Market by Country, 2019 - 2022, USD Million
TABLE 43 North America Virtual Networking Market by Country, 2023 - 2029, USD Million
TABLE 44 US Virtual Networking Market, 2019 - 2022, USD Million
TABLE 45 US Virtual Networking Market, 2023 - 2029, USD Million
TABLE 46 US Virtual Networking Market by Deployment, 2019 - 2022, USD Million
TABLE 47 US Virtual Networking Market by Deployment, 2023 - 2029, USD Million
TABLE 48 US Virtual Networking Market by Component, 2019 - 2022, USD Million
TABLE 49 US Virtual Networking Market by Component, 2023 - 2029, USD Million
TABLE 50 US Virtual Networking Market by Organization Size, 2019 - 2022, USD Million
TABLE 51 US Virtual Networking Market by Organization Size, 2023 - 2029, USD Million
TABLE 52 US Virtual Networking Market by Application, 2019 - 2022, USD Million
TABLE 53 US Virtual Networking Market by Application, 2023 - 2029, USD Million
TABLE 54 Canada Virtual Networking Market, 2019 - 2022, USD Million
TABLE 55 Canada Virtual Networking Market, 2023 - 2029, USD Million
TABLE 56 Canada Virtual Networking Market by Deployment, 2019 - 2022, USD Million
TABLE 57 Canada Virtual Networking Market by Deployment, 2023 - 2029, USD Million
TABLE 58 Canada Virtual Networking Market by Component, 2019 - 2022, USD Million
TABLE 59 Canada Virtual Networking Market by Component, 2023 - 2029, USD Million
TABLE 60 Canada Virtual Networking Market by Organization Size, 2019 - 2022, USD Million
TABLE 61 Canada Virtual Networking Market by Organization Size, 2023 - 2029, USD Million
TABLE 62 Canada Virtual Networking Market by Application, 2019 - 2022, USD Million
TABLE 63 Canada Virtual Networking Market by Application, 2023 - 2029, USD Million
TABLE 64 Mexico Virtual Networking Market, 2019 - 2022, USD Million
TABLE 65 Mexico Virtual Networking Market, 2023 - 2029, USD Million
TABLE 66 Mexico Virtual Networking Market by Deployment, 2019 - 2022, USD Million
TABLE 67 Mexico Virtual Networking Market by Deployment, 2023 - 2029, USD Million
TABLE 68 Mexico Virtual Networking Market by Component, 2019 - 2022, USD Million
TABLE 69 Mexico Virtual Networking Market by Component, 2023 - 2029, USD Million
TABLE 70 Mexico Virtual Networking Market by Organization Size, 2019 - 2022, USD Million
TABLE 71 Mexico Virtual Networking Market by Organization Size, 2023 - 2029, USD Million
TABLE 72 Mexico Virtual Networking Market by Application, 2019 - 2022, USD Million
TABLE 73 Mexico Virtual Networking Market by Application, 2023 - 2029, USD Million
TABLE 74 Rest of North America Virtual Networking Market, 2019 - 2022, USD Million
TABLE 75 Rest of North America Virtual Networking Market, 2023 - 2029, USD Million
TABLE 76 Rest of North America Virtual Networking Market by Deployment, 2019 - 2022, USD Million
TABLE 77 Rest of North America Virtual Networking Market by Deployment, 2023 - 2029, USD Million
TABLE 78 Rest of North America Virtual Networking Market by Component, 2019 - 2022, USD Million
TABLE 79 Rest of North America Virtual Networking Market by Component, 2023 - 2029, USD Million
TABLE 80 Rest of North America Virtual Networking Market by Organization Size, 2019 - 2022, USD Million
TABLE 81 Rest of North America Virtual Networking Market by Organization Size, 2023 - 2029, USD Million
TABLE 82 Rest of North America Virtual Networking Market by Application, 2019 - 2022, USD Million
TABLE 83 Rest of North America Virtual Networking Market by Application, 2023 - 2029, USD Million
TABLE 84 Key Information - Cisco Systems, Inc.
TABLE 85 key information - Hewlett Packard Enterprise Company
TABLE 86 Key information - IBM Corporation
TABLE 87 Key Information - Oracle Corporation
TABLE 88 key information - Microsoft Corporation
TABLE 89 Key Information - Juniper Networks, Inc.
TABLE 90 key information - Verizon Communications, Inc.
TABLE 91 key information - Huawei Technologies Co., Ltd.
TABLE 92 Key information - VMware, Inc.
TABLE 93 Key Information - Citrix Systems, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 5 Key Strategic Move: (Acquisitions and Mergers : 2019, Jan - 2022, Sep) Leading Players
FIG 6 Recent strategies and developments: Cisco Systems, Inc.
FIG 7 SWOT Analysis: Cisco Systems, Inc.
FIG 8 Recent strategies and developments: Hewlett Packard Enterprise Company
FIG 9 SWOT analysis: Hewlett-Packard enterprise Company
FIG 10 Swot analysis: IBM Corporation
FIG 11 SWOT analysis: Oracle Corporation
FIG 12 SWOT Analysis: Microsoft Corporation
FIG 13 Recent strategies and developments: Juniper Networks, Inc.
FIG 14 Recent strategies and developments: Verizon Communications, Inc.
FIG 15 Recent strategies and developments: Huawei Technologies Co., Ltd.