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Virtual Extensible LAN (VXLAN) Market worth $3.2 billion by 2029- Exclusive Report by MarketsandMarkets™

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CHICAGO, June 4, 2024 /PRNewswire/ — The VXLAN Market is expected to reach USD 3.2 billion by 2029 from USD 1.6 billion in 2024, at a CAGR of 15.0 % during 2024–2029, according to a new report by MarketsandMarkets™.

Browse in-depth TOC on “Virtual Extensible LAN (VXLAN) Market”
350 – Tables
54 – Figures
320 – Pages

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Scope of the Report

Report Metrics

Details

Market size available for years

2018-2029

Base year considered

2023

Forecast period

2024–2029

Forecast units

Value (USD) Billion

Segments Covered

By Offering (hardware and software, and services), verticals, applications, and region

Region covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

Companies covered

The major players in the VXLAN Market are Cisco Systems (US), Hewlett Packard Enterprise (US), VMware (US), Juniper Networks (US), Arista Networks (US), Nutanix, Inc. (US), NVIDIA Corporation (US), Citrix Systems (US), Dell Technologies Inc (US), Microsoft Corporation, Inc. (US), Huawei (China), Nokia Corporation (Finland), Keysight Technologies, Inc. (US), Red Hat (US), Ribbon Communications Inc. (US), Extreme Networks, Inc. (US), FS.COM (US), Spirent Communications Inc. (US), Pica8 (US), Arrcus (US), IP Infusion (US), Cubro Network Visibility (Austria), Versa Networks (US), Asterfusion (China), and A10 Networks (US).

The shift towards network virtualization is driving demand for VXLAN. Virtualization allows organizations to create more agile and flexible network environments. VXLAN, by creating virtual networks overlaid on physical infrastructure, supports this trend by offering enhanced scalability and segmentation, essential for modern virtualized data centers and cloud environments.

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The healthcare vertical segment is projected to register the highest CAGR during the forecast period.

Healthcare organizations rely on VXLAN to create secure, scalable networks that support the increasing use of digital health technologies and electronic health records (EHR). VXLAN enables the segmentation of sensitive patient data, ensuring compliance with regulatory requirements like HIPAA. It also facilitates seamless connectivity across different locations, supporting telemedicine, remote monitoring, and mobile health applications. By providing a flexible network infrastructure, VXLAN helps healthcare providers improve patient care and operational efficiency.

The VXLAN Enabled Network Operating Systems (OS) software segment contributed the largest market share in the VXLAN Market during the forecast period.

VXLAN-enabled network operating systems (OS) provide the necessary software framework to support VXLAN features, such as the encapsulation and decapsulation of VXLAN packets and the management of VXLAN tunnels. Major network operating systems solutions, including Cisco’s NX-OS, Arista’s EOS, and Juniper’s Junos, offer robust VXLAN support, enabling network devices to efficiently handle the complexities of network virtualization. These network operating systems platforms come with advanced features like automated provisioning, network segmentation, and policy enforcement. They are designed to optimize network performance and scalability, making them suitable for large-scale deployments in data centers and enterprise environments.

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Based on region, Asia Pacific is projected to register the highest CAGR during the forecast period.

The VXLAN Market in the Asia Pacific region is expanding rapidly, driven by significant investments in cloud infrastructure and data center modernization. Countries like China, India, and Japan are at the forefront of this growth, with major cloud service providers and enterprises upgrading their network infrastructures to support digital transformation initiatives. The increasing adoption of cloud computing, along with the need for scalable, multi-tenant network environments, has propelled the demand for VXLAN. Additionally, the proliferation of IoT devices in sectors such as manufacturing, smart cities, and healthcare is creating a need for robust network solutions that can handle extensive, dispersed endpoints while ensuring high performance and security. VXLAN addresses these needs by providing scalable network segmentation and efficient traffic management, essential for managing large-scale, dynamic networks.

Top Key Companies in Virtual Extensible LAN (VXLAN) Market:

The report profiles key players such as Cisco Systems (US), Hewlett Packard Enterprise (US), VMware (US), Juniper Networks (US), Arista Networks (US), Nutanix, Inc. (US), NVIDIA Corporation (US), Citrix Systems (US), Dell Technologies Inc (US), Microsoft Corporation, Inc. (US), Huawei (China), Nokia Corporation (Finland), Keysight Technologies, Inc. (US), Red Hat (US), Ribbon Communications Inc. (US), Extreme Networks, Inc. (US), FS.COM (US), Spirent Communications Inc. (US), Pica8 (US), Arrcus (US), IP Infusion (US), Cubro Network Visibility (Austria), Versa Networks (US), Asterfusion (China), and A10 Networks (US).

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Get access to the latest updates on VXLAN Companies and VXLAN Industry

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Forrester Honors Recipients Of Its 2026 Technology Awards For Asia Pacific

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Singtel, CLP Power, Nan Shan Life Insurance, DBS Bank, and Grab recognized for leveraging technology to successfully drive business impact

SINGAPORE, Aug. 4, 2026 /PRNewswire/ — Forrester (Nasdaq: FORR) today announced that Singtel is the winner of its 2026 Technology Strategy Impact Award for Asia Pacific; CLP Power and Nan Shan Life Insurance Co., Ltd. are the recipients of its Enterprise Architecture Award; and DBS Bank and Grab are the inaugural APAC winners of its Data & AI Impact Award. These awards recognize organizations that align technology with the dynamic needs of their business; embrace enterprise architecture practices that contribute to the high performance of their business; and use data and AI effectively to drive innovation and create lasting value for their customers.

“This year’s Technology Awards winners demonstrate that technology, enterprise architecture, data, and AI create the greatest impact when they are tightly aligned to business strategy,” said Frederic Giron, VP and senior research director at Forrester. “What sets these organizations apart is their ability to move beyond experimentation and deliver measurable outcomes at scale: accelerating growth, improving resilience, empowering employees, and creating better customer experiences. Their achievements offer a powerful example of the role technology can play to accelerate business results.”

Information about Forrester’s 2026 Technology Strategy Impact Award winner:

Singtel Singapore, which is part of Singtel Group, a leading Asian-based connectivity, digital infrastructure, and services organization, transformed IT into an AI-native, business-driving capability through its multiyear Xcelerate program. Singtel Singapore improved operational resilience, reduced technology costs and obsolescence, and accelerated innovation across the business by modernizing applications, infrastructure, data, and AI platforms, all while upskilling its workforce.

Information about Forrester’s 2026 Enterprise Architecture Award winners, presented in partnership with The Open Group:

CLP Power, Hong Kong’s largest power company, adopted an enterprise architecture-led approach that connects strategy, technology, and delivery across the organization. Its portfolio-driven approach accelerated transformation, improved customer and operational outcomes, and delivered significant cost savings while creating a more streamlined and future-ready digital technology landscape.Nan Shan Life Insurance Co., Ltd., one of Taiwan’s largest life insurers, transformed enterprise architecture into a scalable digital innovation capability. Through reusable architecture components, outcome-driven governance, and AI-enabled development, the company accelerated innovation, reduced misinvestment risk, and improved business and customer outcomes.

Information about Forrester’s 2026 Data & AI Impact Award winners:

DBS Bank, the largest bank in Southeast Asia, embedded AI across the enterprise through a scalable operating model that combines reusable platforms, responsible AI governance, and workforce enablement. Its approach has driven widespread adoption of AI, accelerated innovation, and generated significant business value at scale.Grab, Southeast Asia’s leading superapp, has built an internal-facing self-service platform for employees in its business and corporate functions to build and run their own AI-driven automations. This agentic AI platform, combined with ongoing workforce training initiatives and a strong governance framework, has empowered Grab’s nontechnical teams to automate processes and scale AI adoption.

Together, these organizations exemplify how leading enterprises are using technology, enterprise architecture, data, and AI to deliver measurable business outcomes and drive long-term growth.

Resources:

Read more about the winners of Forrester’s Technology Strategy Impact Award, Enterprise Architecture Award, and Data & AI Impact Award.Register to attend Forrester’s AI Forum Singapore on August 20, 2026 and AI Forum Sydney on August 25, 2026.For members of the press interested in attending, please contact press@forrester.com.

About Forrester
Forrester (Nasdaq: FORR) is one of the most influential research and advisory firms in the world. We empower leaders in technology, customer experience, digital, marketing, revenue, and product functions to make confident decisions in an AI-driven world and accelerate growth through customer obsession. Our unique research and continuous guidance model helps executives and their teams achieve their initiatives and outcomes faster and with confidence. To learn more, visit Forrester.com.

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SOURCE Forrester

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FOMO Pay Expands Institutional Blockchain Infrastructure with Canton Network Validator Approval

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FOMO Pay has received validator approval on Canton, and this will help expand its payment infrastructure with an institutional-grade blockchain network purpose-built for regulated financial markets.The approval positions FOMO Pay to leverage Canton for B2B payments and settlements, adding to FOMO Pay’s existing multi-chain, multi-rail, and multi-currency payments network.

SINGAPORE, Aug. 4, 2026 /PRNewswire/ — FOMO Pay, a leading Major Payment Institution and Singapore’s first Digital Payment Token licensee, today announced that it has received validator approval on Canton, the privacy-enabled blockchain network built for regulated financial markets. FOMO Pay joins the network alongside a growing ecosystem of global financial institutions.

Canton allows participants to securely transact and share information with authorised counterparties while maintaining confidentiality. The network processes more than 600,000 transactions per day, reflecting growing institutional adoption across payments, settlement, and tokenised asset workflows.

Validator approval on Canton reflects the trust and credibility FOMO Pay has established as a regulated payment institution in Asia. Through its validator role, FOMO Pay will operate a dedicated node on Canton, gaining a private, institutional-grade gateway to transact with authorised counterparties. The company intends to leverage Canton for institutional B2B payment and settlement use cases, expanding its multi-chain payment network. Validator approval also marks an expansion of FOMO Pay’s institutional payment infrastructure, which currently supports enterprise payment flows across traditional banking rails and major blockchain networks and serves clients across Southeast Asia, the Greater Bay Area, and the Middle East and North Africa.

“Receiving validator approval reflects how we think about building payment infrastructure, not around a single blockchain or a single payment rail, but across a growing range of networks that institutional finance will increasingly rely on,” said Louis Liu, Founder and CEO of FOMO Pay. “As the leading payment orchestration network in Asia, licensed across multiple markets, FOMO Pay is building regulated payment infrastructure that connects traditional financial systems with institutional-grade blockchain networks designed for compliant financial use cases. Canton represents the next step in that strategy.”

This milestone further reinforces FOMO Pay’s focus on building a compliant multi-chain, multi-rail, and multi-currency payment infrastructure, and as institutional adoption of blockchain-based financial infrastructure accelerates, FOMO Pay will continue to expand the rails, chains, and corridors through which it moves money and value. This will enable FOMO Pay to connect its multi-rail payment infrastructure with institutional digital asset and settlement infrastructure, helping to build a network capable of serving the full spectrum of payment and settlement needs.

About FOMO Pay

Founded in 2015, FOMO Pay is a payment institution licensed in Singapore, Hong Kong and the Middle East. The firm has become a leading one-stop digital payment, digital banking, and digital asset solution provider. It is currently building Asia’s fully licensed financial platform, helping institutions and businesses connect between traditional and next-generation financial services. The firm offers its three flagship products:

FOMO Payment – One-stop digital payment solution for merchants, corporates and financial institutionsFOMO iBiz – Facilitate businesses’ everyday requirements for transactional banking needsFOMO Treasury – Corporate cash management and investment solutions for liquidity optimization and earning yield

Visit www.fomopay.com for more information. For media inquiries, contact marketing@fomopay.com.

About Canton

Canton is the only public, permissionless blockchain purpose-built for institutional finance–uniquely combining privacy, compliance, and scalability. With participation from leading global financial institutions and network governance independently facilitated by the Canton Foundation, Canton enables real-time, secure synchronization and settlement across multiple asset classes on a shared, interoperable infrastructure. The open-sourced network is powered by its native token, Canton Coin, and supports decentralized governance and collaborative application development. It’s the proven link between the promise of blockchain and the power of global finance, making finance flow the way it should. Learn more at: canton.network.

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SOURCE FOMO Pay

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TripGain Launches Agentic AI Infrastructure for Enterprise Travel & Expense, Combining MCP with its API Gateway to Unlock Connected Travel Ecosystems

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New capability enables enterprises to build AI-powered travel and expense experiences that can book travel, file expenses, manage vendor spend, and approve requests through natural conversation — while securely accessing a marketplace-driven travel ecosystem through a single connection.

BENGALURU, India and CHICAGO, Aug. 4, 2026 /PRNewswire/ — TripGain, the AI-powered enterprise Travel & Expense (T&E) management platform, announces the launch of the TripGain MCP Server, a new capability that combines the open Model Context Protocol (MCP) with TripGain’s API Gateway to bring agentic AI to enterprise travel and expense management.

Unveiled at the GBTA Convention 2026, the new capability enables organizations to connect AI assistants directly to TripGain’s Travel & Expense platform, allowing employees to book business travel, file employee expenses, manage vendor expenses, and approve requests through natural conversation. Instead of navigating multiple applications, supplier portals, approval queues, and expense systems, users simply interact with their AI assistant while TripGain securely executes the underlying business workflows.

Enterprise AI is rapidly evolving from helping employees find information to completing real business tasks. The TripGain MCP Server extends this shift to corporate travel and expense by allowing AI assistants to execute enterprise workflows while continuing to leverage TripGain’s policy engine, approval workflows, supplier connectivity, and financial controls.

Built on the open Model Context Protocol introduced by Anthropic in 2024, the TripGain MCP Server acts as the conversational interface between AI assistants and the TripGain platform. What makes the solution unique is its combination with TripGain’s API Gateway. Together, they create a unified execution layer that enables AI assistants to securely access a marketplace-driven travel ecosystem through a single connection. Enterprises can connect to any travel supplier, aggregator, or inventory source supported through TripGain’s API Gateway without building or maintaining individual integrations, custom APIs, approval workflows, or compliance logic.

Rather than acting as just another AI connector, the TripGain MCP Server functions as an intelligent orchestration layer. MCP provides the standardized interface for AI assistants, while TripGain’s API Gateway handles the complexity of supplier connectivity, inventory aggregation, booking workflows, policy enforcement, approvals, and expense processing. This allows organizations to unlock maximum travel inventory and enterprise functionality through a single conversational interface instead of managing dozens of disconnected integrations.

Unlike AI integrations that primarily retrieve information, the TripGain MCP Server is designed to execute enterprise workflows. Employees can simply ask an AI assistant to search and book policy-compliant business travel, submit employee expenses, reconcile vendor expenses, or approve pending requests, while TripGain performs the actions securely in the background according to enterprise policies and workflows.

“Enterprise AI is moving beyond answering questions to completing real business work,” said Sudheer Reddy, Founder and CEO of TripGain. “With the TripGain MCP Server, organizations can extend their AI strategy into enterprise travel and expenses without rebuilding existing systems. Employees simply ask, AI takes action, and TripGain executes securely in the background.”

“The real innovation comes from combining MCP with our API Gateway,” Sudheer added. “MCP gives AI assistants a standard way to communicate with enterprise systems, while our API Gateway gives them access to a connected travel ecosystem through a single interface. Customers don’t need to integrate individual suppliers, maintain APIs, recreate approval processes, or manage complex compliance workflows. They connect once, and TripGain orchestrates the entire experience behind the scenes.”

TripGain MCP Server supports key enterprise workflows including:

Policy-compliant business travel search and bookingEmployee expense capture and submissionVendor expense managementTravel and expense approvals

Beyond end-user experiences, the TripGain MCP Server also enables enterprise development teams to build their own AI-powered travel and expense agents. Developers can leverage TripGain as the execution layer while focusing on creating AI experiences tailored to their business, eliminating the need to build supplier integrations, global inventory connections, approval engines, policy enforcement, or compliance workflows from scratch. Whether an organization connects to a handful of suppliers or an extensive global travel ecosystem, TripGain abstracts the underlying complexity through its API Gateway.

Designed around the open MCP standard, the TripGain MCP Server is AI assistant agnostic, enabling organizations to integrate with MCP-compatible AI assistants of their choice instead of being locked into a single AI ecosystem. The solution is remotely hosted by TripGain and can be enabled through secure endpoint configuration and OAuth authentication, allowing enterprises to get started without deploying additional infrastructure.

“The future of enterprise software isn’t another interface — it’s intelligent systems that work on behalf of employees,” added Sudheer. “We’re not simply exposing travel and expense data to AI. We’re enabling AI agents to execute enterprise operations while TripGain manages the complexity of supplier connectivity, business rules, approvals, and governance behind every transaction.”

By combining the open Model Context Protocol with its marketplace-driven API Gateway, TripGain creates a single intelligent pipe between enterprise AI and the global travel ecosystem. Organizations gain broad access to suppliers and global inventory without the ongoing burden of customizing integrations, configuring booking flows, maintaining API connectors, or continuously updating approval and compliance processes.

About TripGain

TripGain is an AI-powered enterprise Travel & Expense (T&E) management platform that helps organizations simplify business travel, automate expense management, and gain real-time visibility into travel spend. Built on a marketplace-driven, inventory-agnostic architecture, TripGain combines intelligent workflow automation with an extensive API Gateway that connects enterprises to a broad ecosystem of travel suppliers and aggregators. The platform enables organizations to manage travel booking, employee and vendor expenses, approvals, compliance, and financial workflows through a single intelligent platform. Headquartered in Bengaluru, India, TripGain serves more than 400 organizations and processes over US$1 billion in annual travel and expense transactions.

Media Contact

Disha Chatterjee
Senior Content Marketer
Email: disha@tripgain.com 

 

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