North America Virtual Networking Market Size, Share & Industry Trends Analysis Report By Deployment (Cloud and On-premise), By Component (Software, Hardware and Services), By Organization Size, By Application, By Country and Growth Forecast, 2023 - 2029
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.
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
Cloud
On-premise
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
Companies Profiled
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.
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- 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
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