The report "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", The global SDN
and NFV market size 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
major driving factors contributing to SDN and NFV growth include 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.
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.
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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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