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Research and Markets: Global Software Defined Networking (SDN Switching, Controllers, Cloud Virtualization) Market 2014-2019DUBLIN --(Business Wire)-- Research and Markets (http://www.researchandmarkets.com/research/352cz8/software_defined) has announced the addition of the "Software Defined Networking (SDN) Market (SDN Switching, Controllers, Cloud Virtualization application, Network Virtualization Security, End-Users) - Global Advancements, Market Forecasts and Analysis (2014 - 2019)" report to their offering. The global SDN market by revenues is estimated to grow from $290 million in 2014 to $3,670 million by 2019. This represents a Compound Annual Growth Rate (CAGR) of 66.1% from 2014 to 2019. Telecommunication providers have been looking for ways to optimize costs and increase network efficiency over the last decade. At the same time, the industry is also witnessing a huge push for newer forms of networking that are faster, simpler, and easier to manage. In this aspect, Software-Defined Networking (SDN) has grown into the key technology to address this trend. SN is a first of its kind networking concept that has picked up significant market traction over the last year. The technology helps communication providers to redirect network traffic and ease network congestion, ultimately resulting in significant cost savings that can be utilized to drive core business goals. Whereas the SDN and network virtualization market is presently at a nascent fragmented stage, industry consolidation is set to happen in the near future, driving better adoption with concentrated messaging in enterprises. The market for SDN will evolve gradually from being a standards-driven one to becoming a function of software development, which would ultimately revolutionize network utilization and become inevitable. Over the next 5 years, SDN is expected to become highly pervasive, ubiquitous across telecom networks, and penetrating into enterprise networks. The major forces driving the market are factors such as network expansion, telco Operating Expenditure (OPEX (News - Alert)) savings, and mobility, which will positively impact the SDN market because of the global push for mobility. At the same time, opportunities in controller applications and Value-Added Resellers (VARs) products will benefit the growth in this market. Key Topics Covered:
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