San Francisco, Oct. 06, 2016 (GLOBE NEWSWIRE) — The SDN (software defined networking) market is estimated to reach USD 70.41 billion by 2024, according to a new report by Grand View Research, Inc. Software defined networking has witnessed a surge in its popularity in the recent years and rightly so owing to the myriad benefits it offers over the existing legacy infrastructure. The SDN solutions provide centralized control and operational capabilities, which help the network administrators and engineers to respond quickly and efficiently. The SDN architecture comprises different tools and techniques, such as the controller, switches forwarding, and backplanes, among others, that make the systems more agile and flexible.
It acts as a bridge between the applications and routers and switches to relay information and data between them. As they provide a virtualized view of the network and storage, the solutions help in deploying applications and services at a fast pace. The demand for SD solutions is anticipated to be on the rise as there is a growing necessity for the increasing operability and bandwidth of the carrier networks for service providers as well as large enterprises. The increasing data traffic due to increased mobile devices, social media cloud computing, and even Internet of Things (IoT) is expected to propel the data traffic in the coming years, which will create a steep demand for enhanced networks.
The CapEX and OpEX reduction afforded by the software defined networks, coupled with the pay-as-you-grow model, is helping the market grow. The increasing applicability in the data center infrastructures and campus networks, as well as the presence of open source automation tools such as OpenStack, will fuel the market growth in the coming years. SD-WAN and convergence of SDN, NFV, and OpenFlow are the upcoming trends to watch for that may shape the developing market.
Browse full research report with TOC on “Software Defined Networking (SDN) Market Analysis By End-Use (Enterprise, Telecommunication Service Provider, and Cloud Service Provider), By Service (Integration and Deployment, Training and Maintenance, and Managed Services), By Solution (Physical Network Infrastructure, Virtualization/Control Software, and SDN Application), By Application (BFSI, IT and Telecom, Consumer Goods, Government and Defense, Healthcare, and Others), And Segment Forecasts To 2024” at: http://www.grandviewresearch.com/industry-analysis/software-defined-networking-sdn-market-analysis
Further key findings from the report suggest:
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Grand View Research has segmented the Software defined networking market on the basis of end-use, services, solutions, application, and region:
End-Use Outlook (Revenue, USD Million, 2015 – 2024)
Services Outlook (Revenue, USD Million, 2015 – 2024)
Solutions Outlook (Revenue, USD Million, 2015 – 2024)
Applications Outlook (Revenue, USD Million, 2015 – 2024)
Regional Outlook (Revenue, USD Million, 2015 – 2024)
About Grand View Research
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