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.
Browse 65 Market Data Tables and 37 Figures spread through 137 Pages and in-depth TOC on "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"
Early buyers will receive 10% customization on this report.
The telecommunication service providers segment is expected to be the fastest growing end-user for the global SDN and NFV market during the forecast period
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.
The manufacturing vertical is expected to show the fastest growth rate during the forecast period
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.
Asia Pacific (APAC) is expected to have the highest CAGR during the forecast period
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).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
Email: [email protected]
Visit Our Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets