The SDN (software defined networking) market is
estimated to reach USD 70.41 billion by 2024, according to a new report by
Grand View Research, Inc. Software defined networking has witnessed a surge in
its popularity in the recent years and rightly so owing to the myriad benefits
it offers over the existing legacy infrastructure. The SDN solutions provide
centralized control and operational capabilities, which help the network
administrators and engineers to respond quickly and efficiently. The SDN
architecture comprises different tools and techniques, such as the controller,
switches forwarding, and backplanes, among others, that make the systems more
agile and flexible.
It acts as a bridge between the applications and routers and switches to relay information and data between them. As they provide a virtualized view of the network and storage, the solutions help in deploying applications and services at a fast pace. The demand for SD solutions is anticipated to be on the rise as there is a growing necessity for the increasing operability and bandwidth of the carrier networks for service providers as well as large enterprises. The increasing data traffic due to increased mobile devices, social media cloud computing, and even Internet of Things (IoT) is expected to propel the data traffic in the coming years, which will create a steep demand for enhanced networks.
The CapEX and OpEX reduction afforded by the software defined networks, coupled with the pay-as-you-grow model, is helping the market grow. The increasing applicability in the data center infrastructures and campus networks, as well as the presence of open source automation tools such as OpenStack, will fuel the market growth in the coming years. SD-WAN and convergence of SDN, NFV, and OpenFlow are the upcoming trends to watch for that may shape the developing market.
view summary of this report @ http://www.grandviewresearch.com/industry-analysis/software-defined-networking-sdn-market-analysis
Further key findings from the report suggest:
It acts as a bridge between the applications and routers and switches to relay information and data between them. As they provide a virtualized view of the network and storage, the solutions help in deploying applications and services at a fast pace. The demand for SD solutions is anticipated to be on the rise as there is a growing necessity for the increasing operability and bandwidth of the carrier networks for service providers as well as large enterprises. The increasing data traffic due to increased mobile devices, social media cloud computing, and even Internet of Things (IoT) is expected to propel the data traffic in the coming years, which will create a steep demand for enhanced networks.
The CapEX and OpEX reduction afforded by the software defined networks, coupled with the pay-as-you-grow model, is helping the market grow. The increasing applicability in the data center infrastructures and campus networks, as well as the presence of open source automation tools such as OpenStack, will fuel the market growth in the coming years. SD-WAN and convergence of SDN, NFV, and OpenFlow are the upcoming trends to watch for that may shape the developing market.
view summary of this report @ http://www.grandviewresearch.com/industry-analysis/software-defined-networking-sdn-market-analysis
Further key findings from the report suggest:
·
Software defined networking is anticipated to
find Wide Area Networks (WAN) as the major use case in the coming years. Not
only has SD-WAN been in the limelight of the SDN vendors for a long period now
but the industry is also ripe for the adoption of the software defined WAN for
enterprises which are looking to replace the existing MPLS systems that had
been de facto for most major organizations.
·
The industry is dotted by some major players
including VMware, Alcatel-Lucent (Nokia), International Business Machines,
Cisco Systems, and Juniper. Other prominent industry players are Plexxi, NEC
Corporation, Google Inc., Huawei Corp., Hewlett-Packard, Brocade Communication
Systems, Big Switch Networks, and AT&T, among others. The emergence of new
companies that cater to a specific niche market or provide capabilities
targeting particular functionalities is also on the rise.
·
The new product development, industry players’
concentration on research and development activities, and developing cost
effective products for a differential market are the major strategic plans
adopted by the industry players. Also, there has been an increasing focus on
the partnership and collaborations in the industry. For example, in March 2015,
Brocade announced that it had completed the acquisition of the SteelApp
business unit from Riverbed Technology. The SteelApp product line helped the
Brocade data center deployments and enhanced the Vyatta Platform offering for
the NFV and SDN solutions.
Read detailed report or request for
sample of this research report: - http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the
Software defined networking market on the basis of end-use, services,
solutions, application, and region:
End-Use Outlook (Revenue, USD
Million, 2015 - 2024)
- Enterprise
- Telecommunication Service Providers
- Cloud Services Provides
Services Outlook (Revenue, USD
Million, 2015 - 2024)
- Integration and Deployment
- Training and Maintenance
- Managed Services
Solutions Outlook (Revenue, USD
Million, 2015 - 2024)
- Physical Network Infrastructure
- Virtualization/Control Software
- SDN Application
Applications Outlook (Revenue, USD
Million, 2015 - 2024)
- BFSI
- IT & Telecom
- Consumer Goods
- Government and Defense
- Healthcare
- Others
Regional Outlook (Revenue, USD
Million, 2015 - 2024)
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
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more reports of this category by Grand View Research: http://www.grandviewresearch.com/press-release/global-software-defined-networking-sdn-market
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