Market Overview:
The global virtual network services market is expected to grow from USD 9.02 billion in 2018 to USD 21.01 billion by 2030, at a CAGR of 11.5% during the forecast period. The growth of this market can be attributed to the increasing demand for cloud-based virtual network services and rising need for secure and reliable communication networks. However, lack of awareness about virtual networking solutions among end users may restrain the growth of this market to some extent during the forecast period. On-premise virtual network services are expected to hold a larger share than cloud-based virtual network services during the forecast period.
Product Definition:
Virtual network services are a set of software-defined networking (SDN) services that allow you to create and manage virtual networks in the cloud. These networks can be used to connect your compute instances, storage, and other resources in the cloud. Virtual network services are important because they allow you to create and manage complex networking topologies in the cloud without having to worry about the underlying infrastructure.
On-Premise:
On-premise solutions are software and hardware based solutions that are installed on the end user's own computers or servers. The end-users can then access the solution remotely using a network. On-premise deployment offers several advantages such as high data security, easy maintenance of client information, and easy retrieval of information. However, due to increasing cloud services' adoption by various organizations for their storage needs; on premise storage systems have been losing market share over the past few years.
Cloud-Based:
Cloud-based is a term used for software or applications that are hosted by a third party on their server. The data or application is stored remotely using the internet as a medium. It can be accessed from multiple locations and has the benefit of allowing users to access data in real time through different devices such as laptops, smartphones and desktop computers. Cloud-based solutions offer benefits such as scalability, cost efficiency along with increased flexibility which increases productivity of organizations significantly.
Application Insights:
The banking, financial services and insurance (BFSI) segment dominated the global virtual network services market in 2017. The BFSI sector is one of the leading users of cloud-based VNX because it offers various advantages such as cost-effectiveness, flexibility, scalability and ease of administration over physical servers. Furthermore, increasing demand for enhanced data security owing to a surge in cyberattacks & data breaches has propelled the adoption of VNXs by banks and other financial institutions.
The public sector is expected to be one of the fastest-growing segments over the forecast period due to an increase in government initiatives that aim at reducing costs while improving service quality. For instance, National Infrastructure Protection Plan (NIPP) was established under U.
Regional Analysis:
The Asia Pacific regional market is expected to emerge as the fastest and largest virtual network services market over the forecast period. The growth of this region can be attributed to increasing number of service providers in countries, such as China, Japan, Australia and India. Moreover, rising investments by governments in these countries for improving their telecom networks are driving the demand for global virtual network services in this region. For instance, according to GSMA's 2016 analysis on mobile data traffic trends across Asia Pacific; it was observed that there has been a significant increase in mobile internet usage across this region which is further fueling the demand for global virtual network services.
North America accounted for more than 25% revenue share within 2017 industry landscape owing to high penetration of hosted VoIP solutions and SaaS applications among enterprises operating globally These solutions offer cost-effective alternatives such as eliminating long-distance charges or tolls while dialing locally or internationally using a public switched telephone network (PSTN).
Growth Factors:
- Increasing demand for cloud-based services and virtualization of data centers
- Proliferation of Bring Your Own Device (BYOD) trend and the increasing number of mobile users
- Rapid adoption of big data analytics and Internet of Things (IoT)
- Emergence new technologies such as software-defined networking (SDN) and network functions virtualization (NFV)
- Growing need for security in the digital age
Scope Of The Report
Report Attributes
Report Details
Report Title
Virtual Network Services Market Research Report
By Type
On-Premise, Cloud-Based
By Application
Banking, Financial Services and Insurance (BFSI), Public Sector, Healthcare, IT, Telecommunication, Others
By Companies
Oracle Corporation, VMware Inc, Huawei Technologies Co. Ltd., Microsoft Corporation, Verizon Enterprise, IBM Corporation, Hewlett Packard Enterprise, Citrix Systems, Inc., Virtual Network Solutions, Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
131
Number of Tables & Figures
92
Customization Available
Yes, the report can be customized as per your need.
Global Virtual Network Services Market Report Segments:
The global Virtual Network Services market is segmented on the basis of:
Types
On-Premise, Cloud-Based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Banking, Financial Services and Insurance (BFSI), Public Sector, Healthcare, IT, Telecommunication, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Oracle Corporation
- VMware Inc
- Huawei Technologies Co. Ltd.
- Microsoft Corporation
- Verizon Enterprise
- IBM Corporation
- Hewlett Packard Enterprise
- Citrix Systems, Inc.
- Virtual Network Solutions, Inc.
Highlights of The Virtual Network Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On-Premise
- Cloud-Based
- By Application:
- Banking
- Financial Services and Insurance (BFSI)
- Public Sector
- Healthcare
- IT
- Telecommunication
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Virtual Network Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Virtual Network Services (VNS) is a technology that enables the creation of a private network within an existing public infrastructure, such as the Internet. VNS allows organizations to segment their networks and manage traffic more efficiently.
Some of the major companies in the virtual network services market are Oracle Corporation, VMware Inc, Huawei Technologies Co. Ltd., Microsoft Corporation, Verizon Enterprise, IBM Corporation, Hewlett Packard Enterprise, Citrix Systems, Inc., Virtual Network Solutions, Inc..
The virtual network services market is expected to register a CAGR of 11.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Virtual Network Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Virtual Network Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Virtual Network Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Virtual Network Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Virtual Network Services Market Size & Forecast, 2018-2028
4.5.1 Virtual Network Services Market Size and Y-o-Y Growth
4.5.2 Virtual Network Services Market Absolute $ Opportunity
Chapter 5 Global Virtual Network Services Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Virtual Network Services Market Size Forecast by Type
5.2.1 On-Premise
5.2.2 Cloud-Based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Virtual Network Services Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Virtual Network Services Market Size Forecast by Applications
6.2.1 Banking
6.2.2 Financial Services and Insurance (BFSI)
6.2.3 Public Sector
6.2.4 Healthcare
6.2.5 IT
6.2.6 Telecommunication
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Virtual Network Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Virtual Network Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Virtual Network Services Analysis and Forecast
9.1 Introduction
9.2 North America Virtual Network Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Virtual Network Services Market Size Forecast by Type
9.6.1 On-Premise
9.6.2 Cloud-Based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Virtual Network Services Market Size Forecast by Applications
9.10.1 Banking
9.10.2 Financial Services and Insurance (BFSI)
9.10.3 Public Sector
9.10.4 Healthcare
9.10.5 IT
9.10.6 Telecommunication
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Virtual Network Services Analysis and Forecast
10.1 Introduction
10.2 Europe Virtual Network Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Virtual Network Services Market Size Forecast by Type
10.6.1 On-Premise
10.6.2 Cloud-Based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Virtual Network Services Market Size Forecast by Applications
10.10.1 Banking
10.10.2 Financial Services and Insurance (BFSI)
10.10.3 Public Sector
10.10.4 Healthcare
10.10.5 IT
10.10.6 Telecommunication
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Virtual Network Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Virtual Network Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Virtual Network Services Market Size Forecast by Type
11.6.1 On-Premise
11.6.2 Cloud-Based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Virtual Network Services Market Size Forecast by Applications
11.10.1 Banking
11.10.2 Financial Services and Insurance (BFSI)
11.10.3 Public Sector
11.10.4 Healthcare
11.10.5 IT
11.10.6 Telecommunication
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Virtual Network Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Virtual Network Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Virtual Network Services Market Size Forecast by Type
12.6.1 On-Premise
12.6.2 Cloud-Based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Virtual Network Services Market Size Forecast by Applications
12.10.1 Banking
12.10.2 Financial Services and Insurance (BFSI)
12.10.3 Public Sector
12.10.4 Healthcare
12.10.5 IT
12.10.6 Telecommunication
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Virtual Network Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Virtual Network Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Virtual Network Services Market Size Forecast by Type
13.6.1 On-Premise
13.6.2 Cloud-Based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Virtual Network Services Market Size Forecast by Applications
13.10.1 Banking
13.10.2 Financial Services and Insurance (BFSI)
13.10.3 Public Sector
13.10.4 Healthcare
13.10.5 IT
13.10.6 Telecommunication
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Virtual Network Services Market: Competitive Dashboard
14.2 Global Virtual Network Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Oracle Corporation
14.3.2 VMware Inc
14.3.3 Huawei Technologies Co. Ltd.
14.3.4 Microsoft Corporation
14.3.5 Verizon Enterprise
14.3.6 IBM Corporation
14.3.7 Hewlett Packard Enterprise
14.3.8 Citrix Systems, Inc.
14.3.9 Virtual Network Solutions, Inc.
