Software-Defined Networking and Network Function Virtualization Market by Component, Physical Appliances, and Service, End-User, and Region - Global forecast to 2022
NEW 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 market for SDN and NFV is expected to grow from USD 3.68 million in 2017 to USD 54.41 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 71.4%.
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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.
The governance and security standards, coupled with the lack of knowledge among end-users and enterprise, and the difficulty in balancing SDN with the traditional technology are acting as the obstacles for the growth of the SDN and NFV market.
Large enterprises segment is expected to have the largest market share during the forecast period
Large enterprises have large network infrastructures and they rely on networks to carry out their daily business activities and coordinate with their other geographically spread out assets. SDN solutions provide a cheaper way to manage the entire network from a central location and provide real-time bandwidth management of the network to deliver critical business applications at higher speeds.
North America is expected to have the largest market size during the forecast period
North America is expected to have the largest market size during the forecast period. Factors, such as the growth of innovative technologies, including cloud computing, mobility services, virtualization of network, and Bring Your Own Device (BYOD) are driving the adoption of SDN and NFV in the region. Moreover, the region is witnessing the development of favorable standards and networking regulations for boosting the SDN and NFV market. Another factor contributing to the advancement of SDN and NFV in the region is high industrialization. North America is a major region for the growth of the SDN and NFV market, and is expected to continue being so in the future. The region has gained a lot of momentum in SDN and NFV-related technologies, such as NFV.
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.
The report will help the market leaders and new entrants in the SDN and NFV market in the following ways:
1. The report segments the market into various subsegments, hence it covers the market comprehensively. It provides the closest approximations of the revenue numbers for the overall market and the subsegments. The market numbers are further split across different regions.
2. The report helps in understanding the overall growth of the market. It provides information on the key market drivers, restraints, challenges, and opportunities.
3. The report helps in understanding the competitors better and provides more insights to strengthen the organization's position in the market. The study also presents the positioning of the key players based on their product offerings and business strategies.
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
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