Despite being an emerging technology, the demand for network virtualization (NV) is rising at a positve rate. It is used for creating virtual networks on top of Ethernet physical networks. The implementation of network virtualization has gained pace because of its ability to scale beyond the limits of vLAN thereby providing support to hyper-scale datacenter networks. Furthermore, deploying network virtualization does not require any change in underlying physical network, which is a chief factor aiding its proliferation.
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Network virtualization is in its initial stage of adoption but covers various competition standards, multiple open source options, and several technology suppliers. Based on type, the global network virtualization market can be segmented into datacenter, desktop, network, and application. The report provides a comprehensive overview of the global network virtualization market. It covers growth drivers and restraints impacting the market’s trajectory between 2016 and 2024.
The effect of Porter’s five forces is studied in detail to gauge the bargaining power of suppliers and buyers, degree of competition prevailing in the market, and threat from new entrants and substitute. The report is therefore compiled with exhaustive information aimed at providing a better perspective of the global network virtualization market to its readers.
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Global Network Virtualization Market: Trends and Opportunities
The global network virtualization market is exhibiting a robust growth. The technology is adopted by organizations worldwide because it is easier to manage and helps in reducing the time required for an administrator to perform a task. It therefore helps in improving efficiency, productivity, and job satisfaction by the virtue of automation. Furthermore, network virtualization also helps in reducing complexity of any network.
IT businesses that have implemented the technology already have found it easier to manage files, programs, and images through a single physical site. It has also made easier for them to add to disconnect any storage media such as tape drives or hard drives and relocate or share storage space among servers. Network virtualization offers better network speed, scalability, security, and reliability. The increasing knowledge about the same is aiding the market’s growth around the world.