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Software-Defined Networking and Network Function Virtualization Market by Component, Physical Appliances, and Service, End-User, and Region - Global forecast to 2022NEW YORK, Aug. 14, 2017 /PRNewswire/ -- The Software-Defined Networking (SDN) and Network Functions Virtualization (NFV) market is expected to grow at a CAGR of 71.4% during the forecast period
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 are the major factors driving the growth of the global SDN and NFV market. In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. • By Company Size: Tier I – 21%, Tier II – 35%, and Tier III – 44% • By Designation Level: C-Level – 35%, Director Level – 40%, and Others – 25% • By Region: Europe – 32%, APAC - 10%, North America – 38%, and MEA – 20% 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). Research Coverage: 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 end-user segment is segmenetd 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. 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. Read the full report: http://www.reportlinker.com/p05061081/Software-Defined-Networking-and-Network-Function-Virtualization-Market-by-Component-Physical-Appliances-and-Service-End-User-and-Region-Global-forecast-to.html
SOURCE Reportlinker |