Global Virtual Extensible Local-Area Network (VXLAN) Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

 The virtual extensible local-area network (VXLAN) market consists of revenues earned by entities by providing services such as network virtualization, data center interconnect, cloud integration, and enhanced traffic management. The market value includes the value of related goods sold by the service provider or included within the service offering. The virtual extensible local-area network (VXLAN) market also includes sales of top-of-rack (ToR) switches, border routers, network interface cards (NICs), and application delivery controllers (ADCs). Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Sizing and Forecast
The virtual extensible local-area network (VXLAN) market size has grown rapidly in recent years. It will grow from $1.54 billion in 2023 to $1.81 billion in 2024 at a compound annual growth rate (CAGR) of 17.7%. The growth in the historic period can be attributed to surge in need for scalable network infrastructure, increased demand for multi-tenant environments, expansion of software-defined networking (SDN), increased need for improved network security and segmentation, increased ritualized data centers, and enhanced network security requirements.

The virtual extensible local-area network (VXLAN) market size is expected to see rapid growth in the next few years. It will grow to $3.51 billion in 2028 at a compound annual growth rate (CAGR) of 18.0%. The growth in the forecast period can be attributed to increasing data center virtualization, growing demand for enhanced network scalability and flexibility, increasing focus on network security and segmentation, increasing adoption of cloud services, and increasing network performance and flexibility. Major trends in the forecast period include advancements in cloud services, advancements in data center technologies, adoption of IoT and edge computing, advancements in network virtualization technologies, and advancements in network automation.

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Segmentation & Regional Insights
The virtual extensible local-area network (VXLAN) market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Application: Multi-Tenancy, Workload Mobility, Software-Defined Networking (SDN) Overlays, Network Function Virtualization (NFV), Other Applications
3) By Enterprise Size: Large Enterprises, Small And Medium-Sized Enterprises (SMEs)
4) By End-User: Manufacturing, Healthcare, Banking, Financial Services, And Insurance (BFSI), Retail, Media And Entertainment, Government, Information Technology (IT) And Information Technology enabled Services (ITeS), Telecommunications, Other End-Users

North America was the largest region in the virtual extensible local-area network (VXLAN) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the virtual extensible local-area network (VXLAN) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The rise in cloud computing services is expected to propel the growth of the virtual extensible local area network (VXLAN) market going forward. Cloud computing services refer to delivering computing resources, such as servers, storage, databases, networking, software, and analytics, over the internet. The rise in cloud computing services is due to their scalability, flexibility, and cost-efficiency, enabling businesses to access and utilize advanced technology solutions without needing on-premises infrastructure management. Cloud computing services leverage VXLAN to enhance network scalability, flexibility, and efficiency by creating isolated virtual networks over existing IP infrastructure, supporting dynamic and secure multi-tenant environments, and integrating seamlessly with advanced network technologies. For instance, in April 2024, according to Eurostat Statistics, a European-based statistics and data organization provider, in 2023, 45.2% of EU businesses embraced cloud computing, mainly for email hosting, file storage, and office software. Additionally, 75.3% of these enterprises utilized advanced cloud services, including security software and database hosting, marking a 4.2% rise compared to 2021 in cloud adoption rates. Therefore, the rise in cloud computing services will drive the virtual extensible LAN (VXLAN) market.

Key Industry Players
Major companies operating in the virtual extensible local-area network (VXLAN) market are Microsoft Corporation, Alibaba Cloud, Dell Technologies Inc., Huawei Technologies Co. Ltd., Intel Corporation, Cisco Systems Inc., Oracle Corporation, Broadcom Inc., NVIDIA Corporation, Hewlett Packard Enterprise Company, Nokia Corporation, VMware LLC, Keysight Technologies, Juniper Networks Inc., Fortinet Inc. , Red Hat Inc., Arista Networks Inc.,  Extreme Networks, Ribbon Communications Inc., Spirent Communications, FS.com Inc., Arrcus Inc., Pica8 Software Inc., IP Infusion, Asterfusion Data Technologies Inc.

The virtual extensible local-area network (vxlan) market report table of contents includes:

1. Executive Summary

2. Virtual Extensible Local-Area Network (VXLAN) Market Characteristics

3. Virtual Extensible Local-Area Network (VXLAN) Market Trends And Strategies

4. Virtual Extensible Local-Area Network (VXLAN) Market - Macro Economic Scenario

5. Global Virtual Extensible Local-Area Network (VXLAN) Market Size and Growth

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32. Global Virtual Extensible Local-Area Network (VXLAN) Market Competitive Benchmarking

33. Global Virtual Extensible Local-Area Network (VXLAN) Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Virtual Extensible Local-Area Network (VXLAN) Market

35. Virtual Extensible Local-Area Network (VXLAN) Market Future Outlook and Potential Analysis

36. Appendix

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