The global 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 (SDN) 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.
Browse Details of 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 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, 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.
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Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
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