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Software Defined Networking (SDN) and Network Function Virtualization (NFV) market worth 45.13 Billion USD

(IT-NEWSWIRE.COM, April 18, 2017 ) The report “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”, defines and segments the SDN market into various sub-segments with an in-depth analysis and forecasting of revenues. The report also identifies the factors driving this market, various restraints and opportunities impacting it along with the technology roadmap and adoption trends.



Browse 80 market data tables and 51 figures spread through 160 pages and in-depth TOC on “Software Defined Networking (SDN) Market & Network Function Virtualization - Global Forecasts to 2020"



http://www.marketsandmarkets.com/Market-Reports/software-defined-networking-sdn-market-655.html



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MarketsandMarkets broadly segments the SDN market on the basis of solutions into security technologies, switches, SDN application platform & controller, software-defined storage platform, routers; end users into telecommunication providers, cloud service providers, and enterprises; organization size into Small and Medium Businesses (SMBs) and large enterprises.

SDN and NFV technologies also find extensive applications in various verticals that have been covered in the study, including BFSI, consumer goods & retail, government & defense, manufacturing, telecom & IT, and other verticals such as energy & utilities, healthcare, and hospitality. The market has also been segmented and analyzed for five regions, namely North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.



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SDN and NFV technologies are set to redefine networking architecture and are rapidly gaining traction among all stakeholders associated with networking, mobility, IoT, and other related areas. The major factors that have been the adoption of SDN and NFV technologies include, the rising demand for mobility, requirement for innovative and new network architecture, surging cloud services, varying and complex network traffic patterns, and network management of large networks, along with the management of geographically spread network assets. SDN and NFV technologies with the adoption of OpenFlow standards simplify the task of configuring complex network infrastructures and reduce CAPEX required for traditional network infrastructure.



MarketsandMarkets forecast the SDN and NFV market to grow from USD 2.02 Billion in 2015 to USD 45.12 Billion in 2020. This represents a Compound Annual Growth Rate (CAGR) of 86.1% from 2015 to 2020. In terms of regions, North America is expected to lead the market; Asia-Pacific including Japan is the fastest growing market and is expected to soon replace Europe to become the second biggest contributor in the market.



Major vendors in this market include BigSwitch Networks, Cisco Systems Inc., DELL Inc., Hewlett-Packard, Intel Corporation, Juniper Networks, NEC Corporation, Pica8 Inc., and PLEXXI, Inc. There are several other key innovators, niche players, and service providers, who play a vital role in this market. Some of these companies are 6WIND, ADARA Networks, ADVA Optical Networking, Alcatel-Lucent, Arista Networks, Aricent, Brocade, BTI Systems, Ciena Corporation, Citrix, Cumulus Networks, Ericsson, Enterasys Networks, Extreme Networks, Inc., F5 Networks Inc., Huawei, Oracle Corporation, Verizon Communications, and VMware, Inc.



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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.



Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.



MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.



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