• The global Virtual Extensible Local Area Network Market size is forecasted to reach $5.5 billion by 2027, growing at a CAGR of 10.86% during the forecast period 2022-2027. Globally, growing number of hyper scale data centers for purposes of storing, processing and disseminating data is set to drive the VXLAN Market. Hyper scale data centers are required to handle the increasing demand of big data, cloud computing, server virtualization and real-time applications, thus raising the adoptability of VXLAN to solve challenges such as network segmentation, flexible workload placement and dynamic provisioning.
VXLAN is mainly overlay technology that support virtual tunnel endpoint (VTEP) which can be end hosts or network switches or routers.
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Key Takeaways
•Routers are analyzed to witness the fastest growth with the highest CAGR of 11.29% during the forecast period.
•Telecommunications is the fastest growing segment in VXLAN Market and is estimated to grow at around CAGR 12.05% during the forecast period, owing to benefits such scalability, agility, high performance and resilience needed for distributed cloud networking in telecommunication sector.
•North America VXLAN Market held the largest share of 36% in 2021, owing to factor such as growing shift towards cloud computing or cloudbased environments.
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Virtual Extensible Local Area Network Market Segment Analysis
- By Component
Based on component, the VXLAN market is segmented into Controller, Routers, Switches, AP and others. Routers are analyzed to witness the fastest growth with the highest CAGR of 11.29% during the forecast period 2022-2027, owing to increasing demand for faster internet connectivity. In VXLAN, routers provides IP routing between VXLAN VNIs in overlay networks. With new levels of built-in intelligent network capabilities and convergence, VXLAN routers specifically addresses the growing need for application-aware networking in distributed enterprise sites.
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