The network virtualization market in 2022


network virtualization Software enables organizations to virtually discover and view network conditions, emulate network conditions, and improve network performance.

The physical network that is set up manually by an organization can be managed and provisioned using network virtualization software. The technology is being adopted by companies like 92% of them use network virtualization as of 2020.

Here’s everything you need to know about the field of network virtualization:

Network Virtualization Market

The market value of network virtualization was estimated at $18 billion in 2021 and is projected to grow to $51 billion by 2027, at a compound annual growth rate (CAGR) of 23% Market Data Forecast.

Several industries are driving growth in the network virtualization market: banking, financial services and insurance (BFSI), manufacturing, retail, healthcare, education, and transportation.

Accordingly, 45% of organizations are planning or considering moving their servers to network…

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