The
Software-Defined Networking (SDN) and Network Functions Virtualization (NFV)
market 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 main driving
factors for the Software Defined Networking Market are 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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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.
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.
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-advanced
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.
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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