Software-Defined Networking Market New Tech Developments and Advancements to Watch Out for 2022

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MarketsandMarkets Presents
Software-Defined Networking Market worth 54.41
Billion USD by 2022 http//www.marketsandmarkets.
com/Market-Reports/software-defined-networking-sdn
-market-655.html .
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The report "Software-Defined Networking and
Network Function Virtualization Market by
Component (Solution (Software (Controller, and
Application Software), Physical Appliances), and
Service), End-User, and Region - Global forecast
to 2022", The global SDN and NFV market size is
expected to grow from USD 3.68 Billion in 2017 to
USD 54.41 Billion by 2022, at a Compound Annual
Growth Rate (CAGR) of 71.4. The major driving
factors contributing to SDN and NFV growth
include the increasing evolution and demand in
mobility, the increased network complexity and
varied traffic pattern, and the surge in demand
for cloud service, data center consolidation, and
server virtualization.
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Browse 65 Market Data Tables and 37 Figures
spread through 137 Pages and in-depth TOC
on "Software-Defined Networking and Network
Function Virtualization Market by Component
(Solution (Software (Controller, and Application
Software), Physical Appliances), and Service),
End-User, and Region - Global forecast to
2022" http//www.marketsandmarkets.com/Market-Rep
orts/software-defined-networking-sdn-market-655.ht
ml Early buyers will receive 10
customization on this report.
 
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Software-Defined Networking Market Breakdown of
Primary Profiles 

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The telecommunication service providers segment
is expected to be the fastest growing end-user
for the global SDN and NFV market during the
forecast period The increasing adoption of SDN
and NFV technologies by telecom service providers
has boosted the overall network capacity
potential by delivering flexibility in bandwidth.
SDN transforms the network to a more open and
programmable framework by implementing a
decoupled centralized control layer, which in
turn, enables implementation of NFV that
optimizes network resources. This in turn,
reduces network congestions, enhances network
user capacity (bandwidth requirement), and
minimizes the cost associated with hardware
requirement for network user expansions. The
manufacturing vertical is expected to show the
fastest growth rate during the forecast
period In the current business scenario, the
manufacturing vertical is completely IT-enabled
and all the entities of a particular
manufacturing unit are connected through a
network. Manufacturing units across the world are
rapidly adopting SDN solutions to better optimize
their networks. .
 
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Asia Pacific (APAC) is expected to have the
highest CAGR during the forecast period The APAC
region is poised for strong growth in terms of
SDN and NFV deployments over the network. The
main reason behind this growth is the increasing
number of data center deployments coming up in
this region. Japan is said to be the biggest
customer in this region, in terms of SDN and NFV
revenues, but the maximum research about SDN and
NFV technologies is being done in China and
Korea. APAC is set to displace Europe from its
second position in the SDN and NFV market in
terms of revenue generation. Moreover, North
America being one of the most technologically-adva
nced region, there are continuous advancements in
technologies as well as business applications,
and that is the driving growth for adoption of
SDN and NFV in the region.

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Software-Defined Networking Market By Region

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The SDN and NFV market report includes the
competitive landscape, which presents the
positioning of 26 key SDN and NFV vendors, based
on their product offerings and business
strategies. Some of the major SDN and NFV vendors
are Nokia Corporation (Finland), Cisco Systems,
Inc. (US), Ericsson AB (Sweden), Huawei
Technologies Co. Ltd. (China), Intel Corporation
(US), International Business Machines Corporation
(US), Hewlett Packard Enterprise Co. (US),
Juniper Networks (US), NEC Corporation (Japan),
Pica8 (US), Brocade Communications Systems, Inc.
(US), Ciena Corporation (US), Pluribus Networks
(US), and Big Switch Networks, Inc. (US).
 
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