Growth of SDN Market by 2019-Market Forecasts and Analysis
FREMONT, CA: Reportlinker.com has announced the availability of a new research report on the future of SDN (Software Defined Networking (SDN) Market (SDN Switching, Controllers, Cloud Virtualization application, Network Virtualization Security, End-Users) - Global Advancements, Market Forecasts and Analysis (2014 - 2019)).
Today, enterprises are increasingly adapting network virtualization and data center consolidation to deal with high-performance computing and complex networks. A solution which is on par with the current trend has become the need of the hour; Software-Defined Networking (SDN), is one such service for designing, building, and managing networks. SDN’s architecture, being ideal for high-bandwidth and dynamic applications decouples the network control and forwarding functions, enabling easy programmability of the network.
SDN solutions offer features such as direct programmability of network control, increased agility of network to adjust the traffic flow and management of network through a single interface. To add up, use of this architecture leads to reduction in capital and operational expenditure as well as helps organizations to innovate new types of services, applications, and business models.
SDN solutions can be implemented in various verticals such as Banking, Financial Services, Insurance (BFSI), educational institutions, government, telecom and IT industries.
According to MarketsandMarkets, government, BFSI, academia, telecom and IT verticals will show tremendous growth throughout the forecast period. Major challenges faced by the vendors in SDN market are lack of industry standards and stiff competition in this field.
Moreover, there are various assumptions that the researchers have taken into consideration for market sizing and forecasting exercise. Few of global assumptions include political, economic, social, and technological factors. For instance, exchange rates, one of the economic factors, are expected to have a moderate rate of impact on this market.
SDN market can be segmented by solutions among switches, controllers, cloud virtualization applications, and network virtualization security. Switches and controllers contribute to higher market share and are expected to be dominated by cloud virtualization and network virtualization security solutions by 2019.
The report helps market lenders to understand the pulse of the SDN market. It also provides information on key market drivers, restraints, challenges, and opportunities.