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The Rise of Virtual Extensible LAN Market: A $3.2 billion Industry Dominated by Tech Giants - Cisco Systems, Juniper Networks, VMware | MarketsandMarkets™
Chicago, June 17, 2024 (GLOBE NEWSWIRE) -- The global Virtual Extensible LAN Market size is projected to grow from USD 1.6 billion in 2024 to USD 3.2 billion by 2029 at a CAGR of 15.0% during the forecast period, according to a new report by MarketsandMarkets™. The increasing demand for scalable network segmentation has significantly driven the adoption of VXLAN technology. Organizations are looking to improve network efficiency and security by segmenting networks more effectively. Traditional VLANs, while useful, have limitations in terms of scalability and flexibility, especially in large, dynamic data center environments. VXLAN addresses these challenges by extending the VLAN address space, enabling the creation of thousands of isolated network segments over a shared physical infrastructure.
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Virtual Extensible LAN Market Dynamics:
Drivers:
Need for Secure Multi-Tenancy in Cloud Data Centers.
Increased Adoption of Cloud Computing and Virtualization
Growth of Data Center Networks
Demand for Improved Network Performance and Management
Restraints:
Complexity and Deployment Costs.
Performance Overhead and Latency
Opportunities:
Emergence of 5G Networks.
Rapid Growth in Cloud Services and Data Center Expansion
Emergence of Software-Defined Networking (SDN) and Network Function Virtualization
Growing Demand for Multi-Cloud and Hybrid Cloud Deployments
List of Top Companies in Virtual Extensible LAN Market:
Cisco Systems (US)
Hewlett Packard Enterprise (US)
VMware (US)
Juniper Networks (US)
Arista Networks (US)
Nutanix Inc. (US)
NVIDIA Corporation (US)
Citrix Systems (US)
Dell Technologies Inc (US)
Microsoft Corporation Inc. (US)
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For instance, VMware has implemented VXLAN in its NSX platform to provide advanced network virtualization and segmentation capabilities. This implementation allows enterprises to create and manage large-scale virtual networks with ...