Research and Markets Says SDN Market Expected to Grow to $45 Billion by 2020
DUBLIN, Ireland, Aug. 13 -- Research and Markets has announced the addition of the "Software Defined Networking (SDN) Market & Network Function Virtualization by Solution (Security Technologies, Switches, SDN Application Platform & Controller, SDS Platform, and Routers), Service, End User - Global Forecasts to 2020" report to their offering.
Software-defined networking and network function virtualization have emerged as prominent technologies and is a first of its kind networking concept that has picked up significant market traction in the past two years. The technology supports communication providers to control network traffic and ease network congestion, subsequently reducing operational costs significantly. While the Software Defined Networking market is presently at a burgeoning disjointed stage, industry consolidation is expected to occur in the near future, thereby ensuring improved adoption.
SDN and NFV networking technologies are poised to redefine networking architecture. These technologies provide an innovative networking approach by separating the data plane from the control plane, a lucid improvisation to the traditionally distributed control planes. This is executed by segregating the forwarding hardware of Ethernet switches (data plane) from the logical link that controls the flow of packets (control plane). The static nature of incumbent networks stands in stark contrast to the dynamic nature of today's virtualization environment. Prior to virtualization, applications resided on a single server and exchanged traffic with only select clients. Today, applications are distributed across various Virtual Machines (VMs), thereby making it crucial to incorporate a more scalable and flexible networking environment.
The report has segmented the global Software Defined Networking market by solution, service, end user, organization size, vertical, and region. The solution segment of the report includes switches, SDN application platform and controller, Software-Defined Storage (SDS) platforms, and routers. The services that are covered in this report are support and maintenance, network security services and analytics, and other professional services. The report covers SMBs and enterprises as enterprise end users by organization size of this particular market. The end user segment of this study includes telecommunication service providers, cloud service providers, and enterprises.
The verticals that have adopted SDN and NFV solutions and services extensively are academia & research, Banking, Financial Services, and Insurance (BFSI), consumer goods & retail, government & defense, manufacturing, telecom & IT, and other verticals including, energy & utilities, healthcare, and hospitality. This market study has been further segmented into five regions North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The report expects the Software Defined Networking market to grow from USD 2.02 Billion in 2015 to USD 45.12 Billion by 2020. This represents a Compound Annual Growth Rate (CAGR) of 86.1% from 2015 to 2020.
Key Topics Covered
- Introduction
- Research Methodology
- Executive Summary
- Premium Insights
- Market Overview
- Industry Trends
- SDN and NFV Market Analysis, By Solution
- SDN and NFV Market Analysis, By Service
- SDN and NFV Market Analysis, By End User
- SDN and NFV Market Analysis, By Organization Size
- SDN and NFV Market Analysis, By Vertical
- Geographic Analysis
- Competitive Landscape
- Company Profiles
- Appendix
Companies Mentioned
- Big Switch Networks
- Cisco Systems
- Dell
- Hewlett-Packard
- Intel Corporation
- International Business Machines Corporation (IBM)
- Juniper Networks
- NEC Corporation
- Pica8
- Plexxi
For more information visit http://www.researchandmarkets.com/research/m7zddn/software_defined
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Source: Research and Markets
