LAMEA Virtual Networking Market Size, Projection to 2029

LAMEA Virtual Networking Market Size, Share & Industry Trends Analysis Report By Deployment (Cloud and On-premise), By Component (Software, Hardware and Services), By Organization Size, By Application, By Country and Growth Forecast, 2023 - 2029

Published Date: May-2023 | Number of Pages: 128 | Format: PDF | Report ID: KBV-15441

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Market Report Description

The Latin America, Middle East and Africa Virtual Networking Market would witness market growth of 27.8% CAGR during the forecast period (2023-2029).

Virtual networking solutions are very helpful in cloud computing because they give businesses a flexible, scalable, and effective approach to managing their networks. By building virtual networks specifically for their purposes, virtual networking solutions enable businesses to maximize their usage of cloud resources.

In order to ensure that each workload or program obtains the resources it requires to perform at its best, businesses can construct distinct networks for their various workloads or applications. The need for virtual networking technologies that accommodate a high density of connected devices has grown as Internet of Things (IoT) devices have proliferated.

Organizations are looking increasingly for scalable virtual networking alternatives that can handle a lot of devices and data as the number of IoT devices keeps increasing. Virtual networking solutions must handle the enormous amounts of data produced by IoT devices and offer effective means of processing, storing, and analyzing it.

Businesses in Latin America are shifting their attention from making technology investments to efficiently utilizing digital transformation initiatives to expand their companies. Information technology (IT) and cloud sourcing are finding many possibilities in the new environment this competitive strategy is producing. Consequently, cloud service providers are expanding their range of cloud services and products. Consumption of cloud-managed services and the application of cutting-edge technologies, including the virtual private networks (VPN), Internet of Things (IoT), Big Data, and cognitive intelligence, have been the primary drivers of the Latin American infrastructure-as-a-service (IaaS) industry. The regional virtual networking market is growing faster due to these factors.

The Brazil market dominated the LAMEA Virtual Networking Market by Country in 2022; thereby, achieving a market value of $2,717.4 Million by 2029. The Argentina market is showcasing a CAGR of 28.5% during (2023 - 2029). Additionally, The UAE market is expected would register a CAGR of 27.4% during (2023 - 2029).

Based on Deployment, the market is segmented into Cloud and On-premise. Based on Component, the market is segmented into Software, Hardware and Services. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Application, the market is segmented into IT & Telecommunication, BFSI, Manufacturing, Public Sector, Healthcare, Hospitality and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Worldwide Virtual Networking Market is Projected to reach USD 150 Billion by 2029, at a CAGR of 25.5%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Hewlett Packard Enterprise Company, VMware, Inc., Cisco Systems, Inc., Microsoft Corporation, IBM Corporation, Citrix Systems, Inc. (Cloud Software Group, Inc.), Juniper Networks, Inc., Oracle Corporation and Verizon Communications, Inc.

Scope of the Study

Market Segments Covered in the Report:

By Deployment

  • Cloud
  • On-premise

By Component

  • Software
  • Hardware
  • Services

By Organization Size

  • Large Enterprises
  • Small & Medium Enterprises

By Application

  • IT & Telecommunication
  • BFSI
  • Manufacturing
  • Public Sector
  • Healthcare
  • Hospitality
  • Others

By Country

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
  • Hewlett Packard Enterprise Company
  • VMware, Inc.
  • Cisco Systems, Inc.
  • Microsoft Corporation
  • IBM Corporation
  • Citrix Systems, Inc. (Cloud Software Group, Inc.)
  • Juniper Networks, Inc.
  • Oracle Corporation
  • Verizon Communications, Inc.

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Related Reports:

Global Virtual Networking Market Report 2023-2029

North America Virtual Networking Market Report 2023-2029

Asia Pacific Virtual Networking Market Report 2023-2029

Europe Virtual Networking Market Report 2023-2029

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