Software Defined Networking (SDN) Market estimated to grow from $198 Million in 2012 to $2.1 Billion in 2017 by MarketsandMarkets
Software Defined Networking (SDN) market report identifies factors such as rising need for enterprise mobility, bring-your-own-device (BYOD), surging cloud services, and varying traffic patterns as key drivers for this market.
(PRWEB) December 24, 2012
MarketsandMarkets recently conducted a study on the “Software Defined Networking and Network Virtualization Market (2012-2017)”, which analyzes market opportunities across ecosystem segments across North America (NA), Europe, Asia-Pacific including Japan (APAC), Middle East & Africa (MEA), and Latin America (LA).
Browse market 119 data tables, 23 figures and in-depth TOC on “Software Defined Networking (SDN) and Network Virtualization Market
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The market study analyzes the SDN ecosystem and focuses on uncovering the intricacies and dynamics of this emerging market. The report identifies factors such as rising need for enterprise mobility, bring-your-own-device (BYOD), surging cloud services, and varying traffic patterns as key drivers for this market. While incumbent telcos and data center providers have long been witnessing a constant pressure to ensure seamless configurations and mobility, SDN brings in superior functionalities such as increased flexibility and performance, thereby simplifying operations.
The global Software Defined Networking market is estimated to grow from $198 million in 2012 to $2.1 billion in 2017. This represents a compound annual growth rate (CAGR) of 60.43% from 2012 to 2017. North America is estimated to be the biggest market for SDN solutions. However, over the next five years, the Asia-Pacific (APAC) region is expected to witness increased market traction, to become the most lucrative SDN market globally. The report segments SDN solutions based on Switching, Controllers, Cloud Virtualization Applications, and Network Virtualization Security; Switching comprising majority of the market size currently.
The report also comprises extensive insights on company strategies, competitive landscape and venture capital funding trends in this market. The rising popularity of SDN as a concept for network transformation is set to revolutionize the industry with telecommunication providers being the forerunners in this market. The race between data center providers, cloud providers, and telecommunication providers is heating up, while open standards such as Openflow are becoming more pervasive across deployments. At the same time, there are a few players in the market who are still looking at alternate standards such as path computational element (PCE) due to its monetary advantages. The SDN market report provides key insights from major SDN players in the ecosystem, with validated adoption trends, opportunity analysis, and future approaches, across several types of end-users and geographies.
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