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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).

Browse Adjacent Markets: Data Center and Networking Market Research Reports & Consulting

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Software Defined Data Center Market– Global Forecast to 2025

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

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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Yes Please: Visa is Official Payment Partner for the Maroon 5 Asia 2027 Tour

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SINGAPORE, Aug. 4, 2026 /PRNewswire/ — Visa, a global leader in digital payments, today announced that it will be the Official Payment Partner for the Maroon 5 Asia 2027 Tour. The partnership reinforces Visa’s deepening commitment to Asia Pacific’s vibrant music and cultural scene, delivering presale access and elevated experiences for fans in the region.

Maroon 5, a three-time Grammy Award-winning American pop band, is one of the world’s most successful and recognisable pop bands, with multiple BILLBOARD Hot 100 number one hits and over 35 billion streams on Spotify. The Maroon 5 Asia 2027 Tour will land in seven markets in Asia Pacific in 2027, kicking off in Taiwan on 24 January, before venturing across Asia, concluding in Singapore on 12 February.

As the Official Payment Partner, Visa will offer fans early ticketing access via Visa Presales in the Philippines, Singapore, Taiwan, and Thailand. Select Visa Infinite cardholders will enjoy priority access at the Presales, before they are opened to select Visa cardholders. Together with issuing partners across the region, Visa will also give fans the chance to win tickets and signed Maroon 5 merchandise.

Music is a cultural force in Asia Pacific and a major driver for consumer spending and travel, with cards key to the fan experience. According to Visa’s Global Travel Intentions 2026 study, two-thirds of respondents (65.7%) intend to travel for global concert tours while cards remain the most used way to pay.

Danielle Jin, Chief Marketing Officer at Visa Asia Pacific said: “Maroon 5 is a powerful example of how music connects cultures, backgrounds, and generations. For over two decades, they have shaped what people listen to, talk about, and travel for, building a global fan community connected by a shared love for their music. We are thrilled to support the Maroon 5 Asia 2027 Tour and unlock unmatched access for consumers, enabling anyone to be the fan they want to be.”

Visa champions the moments that bring fans closer to the passions they love, from sports and music to fashion, gaming, and entertainment. Guided by a fan-first approach to partnerships, Visa designs experiences that deepen connection and make participation seamless, secure and accessible for audiences around the world. Through high impact partnerships, Visa helps shape cultural moments while enabling effortless, cross-border commerce.

Visa’s partnership with the Maroon 5 Asia 2027 Tour continues its drumbeat of top-notch music collaborations, such as with BTS, Laufey, The Weeknd, and the MAMA AWARDS, the world’s no.1 K-pop awards, creating more meaningful experiences that bring fans closer to the artists they love.

For more details on the Maroon 5 Asia 2027 Tour and the Visa Presale, visit https://www.visa.com.sg/promotions/maroon5.html

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, sellers, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

Appendix

Details for Visa and Visa Infinite Presales for Maroon 5 Asia 2027 Tour

Touring City

Presale Windows (Local Time)

Eligible Cardholders

Kaohsiung

Visa Infinite Presale: 12 Aug, 10AM – 6PM

Visa Presale: 12 Aug, 8PM – 13 Aug, 10AM

All Visa Infinite and Visa cardholders in Taiwan

Manila

Visa Infinite Presale: 13 Aug, 10AM – 6PM

Visa Presale: 13 Aug, 9PM – 14 Aug, 10AM

All RCBC Visa Infinite cardholders and all RCBC Visa credit cardholders

Bangkok

Visa Infinite Presale: 19 Aug, 10AM – 4PM

Visa Presale: 19 Aug, 6PM – 20 Aug, 10AM

All KBank Visa Infinite and Visa cardholders

Singapore

Visa Infinite Presale: 12 Aug, 10AM – 3PM

Visa Presale: 12 Aug, 5PM – 13 Aug, 10AM

All UOB Reserve and UOB Visa Infinite cardholders, and Visa cardholders

 

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SOURCE Visa Worldwide Pte Ltd

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BingX Appoints Kevin Lee as Chief Strategy Officer to Accelerate its Multi-Asset, User-Centric Vision

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PANAMA CITY, Aug. 4, 2026 /PRNewswire/ — BingX, a leading cryptocurrency exchange and Web3-AI company, today announced the appointment of Kevin Lee as Chief Strategy Officer (CSO). In this role, Kevin will lead the company’s long-term strategy across platform development, business growth, and ecosystem expansion, helping align innovation with evolving market opportunities and user needs.

The appointment comes as BingX continues to expand beyond crypto-native trading toward a unified multi-asset trading platform that enables users to discover market-moving opportunities, access a broader range of assets, and act on them with greater speed through an intelligent trading experience. As investor behavior evolves and global markets become increasingly interconnected, BingX is focused on building a platform that connects opportunities across digital assets and traditional financial markets.

Kevin brings more than 20 years of experience spanning institutional finance, electronic markets, financial technology, and digital assets. Since entering the digital asset industry in 2013, he has held senior leadership roles at leading digital asset companies, helping drive business growth, institutional adoption, and market development. Prior to that, Kevin held roles at JPMorgan Chase, Macquarie Group, and BNP Paribas, specializing in electronic trading, market structure, algorithmic execution, and financial technology across the Asia-Pacific region.

As Chief Strategy Officer, Kevin will lead BingX’s long-term strategic direction across platform innovation, business growth, and ecosystem development. He will drive initiatives that connect market trends, user behavior, and product innovation, helping users discover and access what’s moving across global markets while advancing BingX’s intelligent multi-asset trading experience.

“The next era of trading will be defined not only by access to more asset classes, but by how seamlessly users can discover and access opportunities across them,” said Kevin Lee, Chief Strategy Officer at BingX. “As digital assets and traditional finance continue to converge, users expect an intelligent platform where they can discover, access and stay connected to what’s moving. BingX is building exactly that, and I’m excited to help shape the next generation of trading experiences for users worldwide.”

Kevin’s appointment reflects BingX’s long-term commitment to building a platform that evolves alongside global markets and user behavior. By combining broader market access, intelligent technology, and a user-first approach, BingX is creating a trading ecosystem that helps users discover market-moving opportunities, access diverse markets, and act with confidence through one unified platform.

About BingX

Founded in 2018, BingX is a leading crypto exchange and Web3-AI company, serving over 40 million users worldwide. Ranked among the top five global crypto derivatives exchanges and a pioneer of crypto copy trading, BingX addresses the evolving needs of users across all experience levels.

Powered by a comprehensive suite of AI-driven products and services, including futures, spot, copy trading, and TradFi offerings, BingX empowers users with innovative tools designed to enhance performance, confidence, and efficiency.

BingX has been the principal partner of Chelsea FC since 2024, and became the first official crypto exchange partner of Scuderia Ferrari HP in 2026.

For more information, please visit: https://bingx.com/

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PointsKash Begins Phase One of National KashPoint™ Infrastructure Rollout with Acquisition of More Than 2,100 Cryptocurrency Kiosks

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Strategic Acquisition Accelerates Deployment of AI-Enabled Financial Centers Across Enterprise Pipeline Representing More Than 100,000 Commercial Locations Nationwide

SCOTTSDALE, Ariz., Aug. 4, 2026 /PRNewswire/ — PointsKash, Inc. (“PointsKash” or the “Company”), a rapidly emerging financial technology company developing one of North America’s most comprehensive integrated financial services ecosystems, today announced the successful acquisition of more than 2,100 cryptocurrency kiosks through the recent Bitcoin Depot bankruptcy proceedings.

The acquisition represents Phase One of the Company’s National KashPoint™ Infrastructure Rollout, providing PointsKash with a significant installed hardware platform that will be transported, refurbished, technologically upgraded, and redeployed throughout the United States to support the Company’s rapidly expanding commercial enterprise partnerships.

Once redeployed, the kiosks will become KashPoint™ Financial Centers—AI-enabled self-service financial kiosks designed to integrate with the Company’s rapidly expanding fintech ecosystem, including PK Pay™, PointsKash’s next-generation mobile financial application currently anticipated to receive app store approval for public launch at the beginning of Q4 2026.

Together, the KashPoint™ kiosk network and PK Pay™ mobile platform will form the cornerstone of the Company’s integrated financial ecosystem, delivering consumers seamless access to digital banking, ATM services, bill payment, domestic and international money transfers, cryptocurrency transactions, loyalty rewards, digital wallets, merchant payment technologies, financial services, and future AI-powered financial applications.

The refurbishment and national deployment initiative will be managed by Bibbeo Ltd., a leading provider of ATM and self-service financial equipment lifecycle management solutions. Bibbeo will oversee transportation, inspection, refurbishment, hardware modernization, inventory management, warehousing, quality assurance, staging, and nationwide deployment operations.

“This acquisition is transformational for PointsKash,” said Michael Herron, President & Chief Executive Officer of PointsKash. “We are not simply acquiring kiosks—we are acquiring the physical infrastructure that will help power one of the nation’s most ambitious fintech deployment strategies. By combining our AI-enabled KashPoint Financial Centers with our upcoming PK Pay mobile platform and expanding financial services ecosystem, we are creating a unified omnichannel experience that we believe will redefine how consumers access everyday financial services.”

Herron continued:

“Equally important is our complete confidence in Bibbeo. Miles Power and his team have been a trusted strategic partner to PointsKash for more than two years, and there is no organization we trust more to execute a deployment initiative of this scale. Their operational expertise, disciplined execution, and deep industry experience provide us tremendous confidence that these kiosks will be transformed into enterprise-ready financial centers capable of supporting our aggressive nationwide growth plans.”

The refurbishment initiative will be led by Aaron Hurst, Warehouse Manager of Bibbeo Ltd.

“We’re excited to continue building on our partnership with PointsKash and support this initiative. Our team has already begun preparing the operational framework to efficiently transport, refurbish, modernize, warehouse, stage, and deploy these kiosks,” said Miles Power, CEO of Bibbeo Ltd. “Our organizations have spent years building a trusted relationship, and our teams have already begun preparing the operational framework necessary to efficiently transport, refurbish, modernize, warehouse, stage, and deploy these assets. We look forward to helping bring the PointsKash vision to life and delivering the level of quality and execution both of our organizations expect.”

The refurbished kiosks are being earmarked for deployment across an expanding pipeline of commercial enterprise pilot programs being developed through PointsKash’s strategic commercial enterprise sales partnership with BitCorp, Inc.

Together, PointsKash and BitCorp have been actively engaging many of the nation’s leading commercial enterprise organizations spanning hospitality, convenience retail, grocery, gaming, travel centers, specialty retail, and other high-volume consumer sectors.

These enterprise relationships collectively represent more than 100,000 potential deployment locations throughout the United States.

“The level of interest we are seeing from enterprise organizations continues to accelerate,” said Barry Van Scoten, Chief Executive Officer of BitCorp, Inc. “The acquisition of this kiosk fleet significantly strengthens our ability to execute multiple commercial pilot programs with nationally recognized enterprise organizations. We believe these pilots will validate the value proposition for both merchants and consumers while creating a clear pathway toward much larger national deployments over the coming years.”

PointsKash intends to establish multiple enterprise pilot programs by Labor Day, with deployments continuing throughout the balance of 2026. These pilots are expected to evaluate operational performance, consumer adoption, merchant engagement, transaction volume, and financial performance prior to broader commercial expansion.

Successful pilot execution is expected to position the Company to launch Phase Two of its National KashPoint™ Rollout, significantly expanding deployments throughout its growing enterprise merchant pipeline.

Unlike traditional ATM operators, PointsKash is building an integrated fintech ecosystem where self-service financial centers, mobile banking, merchant technologies, loyalty rewards, cryptocurrency services, enterprise software, and AI-enabled consumer financial solutions operate together as a unified platform.

This integrated strategy enables consumers to move seamlessly between physical and digital financial experiences while providing enterprise merchants with expanded financial services, new customer engagement opportunities, and diversified revenue streams.

“Our long-term vision extends well beyond deploying kiosks,” Herron added. “We are building one of the nation’s most comprehensive integrated financial technology ecosystems. Every strategic acquisition, every enterprise partnership, every software innovation, and every pilot deployment moves us closer to becoming a leading provider of intelligent financial solutions throughout North America. We believe this infrastructure creates tremendous long-term value for our customers, our enterprise partners, and our shareholders.”

As PointsKash continues executing its aggressive expansion strategy through strategic acquisitions, enterprise partnerships, proprietary software development, AI integration, and nationwide deployment initiatives, the Company remains focused on establishing itself as one of America’s premier fintech platforms serving consumers, merchants, financial institutions, loyalty organizations, and enterprise partners.

About PointsKash, Inc.

PointsKash, Inc. is a financial technology company developing one of North America’s most comprehensive integrated financial ecosystems through its AI-enabled KashPoint™ Financial Centers, PK Pay™ mobile financial platform, digital banking technologies, payment processing, cryptocurrency services, loyalty rewards solutions, enterprise merchant technologies, and proprietary software platforms. Through strategic partnerships and nationwide deployment initiatives, PointsKash is building innovative financial solutions designed to empower consumers, merchants, financial institutions, and enterprise organizations throughout North America.

For more information, visit www.pointskash.com.

About Bibbeo Ltd.

Bibbeo Ltd. is a leading provider of ATM, kiosk, and self-service financial equipment lifecycle management services specializing in transportation logistics, refurbishment, hardware modernization, warehousing, deployment, field services, inventory management, and nationwide operational support. The company provides end-to-end infrastructure solutions supporting financial institutions, independent deployers, fintech companies, and enterprise organizations throughout North America.

For more information, visit www.bibbeo.com.

About BitCorp, Inc.

BitCorp, Inc. is a business development and strategic enterprise sales organization focused on establishing commercial partnerships between leading enterprise merchants and next-generation financial technology providers. Through its relationship-driven approach, BitCorp assists enterprise organizations in identifying innovative technologies that enhance consumer engagement, create new revenue opportunities, and accelerate digital transformation initiatives. BitCorp currently works with a growing portfolio of national enterprise merchant relationships representing more than 100,000 potential commercial deployment locations across the United States.

For more information, visit www.BitCorpInc.com 

Media Contact

PointsKash, Inc.
Investor Relations
info@pointskash.com
www.pointskash.com

Forward-Looking Statements

This press release contains forward-looking statements regarding anticipated technology integrations, Artificial Intelligence initiatives, product development, future commercialization plans, expected operational efficiencies, business strategy, and future growth. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that could affect actual results include, but are not limited to, technology development timelines, integration efforts, financing, regulatory developments, market conditions, and other risks facing the Company. PointsKash undertakes no obligation to update any forward-looking statements except as required by applicable law.

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SOURCE PointsKash Inc.

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