Major factors fueling the virtual network interface market include rise in demand for faster and reliable communication networks, increase in the adoption of optical communication, and reduction in capital investment. The global telecommunications industry is undergoing transformation, owing to innovations and developments that are taking place at a rapid pace. Demand for virtual network interface solutions is on the rise due their advantages such as long distance signal transmission, transmission security, low attenuation, high bandwidth, smaller diameter, and lightweight structure.
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The global virtual network interface market can be segmented based on component, deployment, user, end-use industry, and geography. In terms of component, the market can be categorized into solutions and services. The services segment can be further split into managed/outsourced services and professional services. Based on deployment, the market can be classified into cloud and on-premise. The on-premise segment is expected to hold a major market share in terms of revenue, owing to the wide adoption of on-premise solutions across end-use industries.
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Currently, the virtual network interface market has a few well-established players who account for a major share. They introduce new competitive solutions and services in the market. These companies are strengthening their position through mergers & acquisitions and continuously investing in research and development (R&D) in order to come up with solutions to cater to customers’ changing requirements. Furthermore, vendors plan to invest in Artificial Intelligence, Big Data analytics, and advanced machine learning with an aim to provide cost competitive and technologically advanced solutions in the market.
Key players operating in the global virtual network interface market include Cisco Systems, Inc., Adobe Systems Inc., Asymetrix Corporation, Apple Computer Inc., and Garnet toolkit.