The global SDN 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.
SDN 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 SDN 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 demand growth. 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 industry.
In depth research report on Software Defined
Networking Market
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 specific
niche clients 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 industry 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.
Grand View Research has segmented the global software defined networking
(SDN) market on the basis of end use, services, solutions, application, and
region:
Software Defined Networking End Use Outlook
(Revenue, USD Million; 2014 - 2024)
·
Enterprise
·
Telecommunication
Service Providers
·
Cloud Services
Provides
Software Defined Networking Services Outlook
(Revenue, USD Million; 2014 - 2024)
·
Integration
and Deployment
·
Training and
Maintenance
·
Managed
Services
Software Defined Networking Solutions Outlook
(Revenue, USD Million; 2014 - 2024)
·
Physical
Network Infrastructure
·
Virtualization/Control
Software
·
SDN
Application
Software Defined Networking Application
Outlook (Revenue, USD Million; 2014 - 2024)
·
BFSI
·
IT &
Telecom
·
Consumer Goods
·
Government and
Defense
·
Healthcare
·
Others
Software Defined Networking Market Regional
Outlook (Revenue, USD Million; 2014 - 2024)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
UK
o
Germany
·
Asia Pacific
o
China
o
Japan
o
India
·
Latin America
o
Brazil
·
Middle East
& Africa (MEA)
Browse more research reports of this category:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more market analysis reports, please
visit: http://www.grandviewresearch.com/
No comments:
Post a Comment