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Virtual Extensible LAN (VXLAN) Market Trends

Report ID: GMI9803
Published Date: Jun 2024
Report Format: PDF

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Virtual Extensible LAN Market Trends

The virtual extensible LAN industry is propelled by the increasing adoption of cloud environments and a heightened focus on security. As organizations transition towards cloud-native architectures, VXLAN provides the necessary network scalability and flexibility. Moreover, with security becoming a top priority in modern networking, VXLAN's capability to enforce robust segmentation and implement advanced security measures aligns perfectly with the evolving cybersecurity landscape, driving its adoption further.

For instance, in February 2024, Juniper Networks revealed its partnership with KK Networks to deliver a scalable and robust cloud metro network. This initiative aims to offer affordable internet access to residential users, enhancing their quality of experience while ensuring sustainable service delivery for KK Networks (KKN).

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

Global industry size for virtual extensible LAN was valued at USD 1.5 billion in 2023 and is anticipated to register over 15% CAGR between 2024 and 2032 owing to the increasing demand for multi-tenancy support and the emergence of 5G networks.

The IT & telecommunications segment in the virtual extensible LAN industry held 30% revenue share in 2023 driven by the crucial role in scaling data centers, meeting the growing need for flexible, high-performance networks.

North America virtual extensible LAN (VXLAN) market held 35% revenue share in 2023 owing to the region's robust technological infrastructure and early adoption of advanced networking solutions.

Accenture plc, Arista Networks, Cisco Systems Inc., Extreme Networks Inc., Fortinet Inc., Hewlett Packard Enterprise (HPE), Huawei Technologies Co., Ltd., Juniper Networks, Nokia Corporation, Palo Alto Networks, Inc., and VMware (Broadcom).