At 71+% CAGR (SDN) Software-Defined Networking and (NFV) Network Function Virtualization Market Potentially Worth $54.41 Billion by 2022 Led by North America
The SDN and NFV market is forecast to reach $54.41 billion by 2022 from $3.68 billion in 2017 at a CAGR of 71.4% during (2017-2022) driven by the increasing evolution and demand in mobility, the incre...
August 10, 2017 --
PUNE, India, Aug. 10, 2017 /PRNewswire-iReach/ -- North America is a major region for the growth of the SDN and NFV market, and is expected to continue being so in the future. The region has gained a lot of momentum in SDN and NFV-related technologies, such as NFV. North America is expected to have the largest market size during the forecast period. Factors, such as the growth of innovative technologies, including cloud computing, mobility services, virtualization of network, and Bring Your Own Device (BYOD) are driving the adoption of SDN and NFV in the region. 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 - Global forecast to 2022" http://www.reportsnreports.com/reports/166733-software-defined-networking-sdn-and-network-virtualization-market-global-advancements-business-models-technology-roadmap-forecasts-analysis-2012-2017.html .
The SDN and NFV market in North America region is witnessing the development of favorable standards and networking regulations for boosting the SDN and NFV market. Another factor contributing to the advancement of SDN and NFV in the region is high industrialization.
SDN and NFV revolutionize the existing networking and data center infrastructure. SDN, combined with the innovative idea of NFV, eliminates physical infrastructure limitations of networks. This offers a cost-effective, application-centric networking approach, with an aim to lower down the operational cost, thereby reducing latency and resulting in efficient network traffic management.
The Large enterprises segment is expected to have the largest market share during the forecast period. Large enterprises have large network infrastructures and they rely on networks to carry out their daily business activities and coordinate with their other geographically spread out assets. SDN solutions provide a cheaper way to manage the entire network from a central location and provide real-time bandwidth management of the network to deliver critical business applications at higher speeds.
The SDN and NFV market has been segmented on the basis of basis of components. The solutions segment is further segmented into software and physical appliances; where the software solutions consist of software controller and application software, while the physical appliance segment consists of router and switches; the application software is further segmented into network security, load balancing, and others (orchestration, and virtual core and aggregation); services segment is segmented into integration, training and consulting, support and maintenance, and others (mobility and datacenter services).
The major SDN and NFV vendors are International Business Machines Corporation (US), Cisco Systems, Inc. (US), Hewlett Packard Enterprise Co. (US), Juniper Networks (US), Huawei Technologies Co., Ltd. (China), NEC Corporation (Japan), Pica8 (US), Brocade Communications Systems, Inc. (US), Ciena Corporation (US), Intel Corporation (US), Pluribus Networks (US), and Big Switch Networks, Inc. (US).Download PDF Brochure "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" research report at http://www.reportsnreports.com/contacts/requestsample.aspx?name=166733 .
Research Coverage: The end-user segment is segmented into telecommunication service providers, cloud service providers, and enterprises. The enterprises segment is further segmented into organization sizes and verticals. The organization sizes segment is categorized into Small and Medium-Sized Businesses (SMBs) and large enterprises; whereas the verticals are segmented into healthcare, Banking, Financial Services, and Insurance (BFSI), consumer goods and retail, government and defense, IT Enabled Services (ITES), manufacturing, telecom and IT, and the other verticals, which include academia and research, energy and utilities, and tourism and hospitality, and the regions include North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.
In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (21%), Tier 2 (35%) and Tier 3 (44%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (35%), Director Level (40%) and others (25%) from various key organizations operating in the SDN and NFV market. The primary interviews were conducted worldwide covering regions such as North America (38%), Europe (32%), Asia-Pacific (10%), and MEA (20%).
On a related note, another research titled Top 10 SDx and Networking Technologies (SDN & NFV, Software-Defined Wan, V-CPE, Wi-Fi-as-a-Service, Software-Defined Storage, Software-Defined Security, CDN, Software-Defined Data Center, Network Analytics, Unified Network Management) says, the top 10 Software-Defined Everything (SDx) and networking technologies market is expected to grow at a significant rate between 2016 and 2021. Increasing need for mobility services and reduced operating expenditure fueling the growth of the software-defined wide area network market. Growing demand for cloud-based solutions and cost optimization to boost the growth of the virtual customer premises equipment market during the forecast period. Lower total cost of ownership and ease of management driving the growth of the Wi-Fi-as-a-service market. Companies such as IBM Corporation (U.S.), Cisco Systems (U.S.), Juniper Networks (U.S.), Hewlett Packard Enterprise (U.S.), Dell Technologies Inc. (U.S.), Fujitsu Limited (Japan), Citrix Systems (U.S.), Brocade Communications (U.S.), NEC Corporation (Japan), Versa Networks (U.S.) have been profiled in this 231 pages research report available at http://www.reportsnreports.com/contacts/requestsample.aspx?name=847804 .
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