The Future of Virtual Extensible LAN (VXLAN): Market Trends Until 2029
Monday, 12 August 2024, 03:03
The Rise of Virtual Extensible LAN (VXLAN)
Virtual Extensible LAN (VXLAN) facilitates improved network scalability and efficiency in data centers. With the demand for isolated network environments escalating, companies are focusing on Virtual Extensible LAN technology.
Market Growth Factors
- Increased Virtualization: Organizations are embracing virtualization, demanding adaptable solutions.
- Financial Institutions' Requirement: The finance sector particularly benefits from VXLAN’s enhanced security and segmentation.
- Scalability Needs: Enterprises look for solutions that adapt to growing operational demands.
Projected Market Value
As mentioned, the global VXLAN market is anticipated to grow significantly, moving from USD 1.6 billion in 2024 to USD 3.2 billion by 2029, reflecting a healthy CAGR of 15%.
Outlook to 2029
With strong investment and technology development, the future looks bright for the Virtual Extensible LAN (VXLAN) market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.