SDN Market in North America All Set to Boom: Reports MicroMarket Monitor
FREMONT, CA: The North America software-defined networking (SDN) market is on a success journey, moving from $1.4Mnin 2014 to an estimated $4.6Mn by 2019 growing at a CAGR (compounded annual growth rate) of 25.5 percent during this stipulated timeframe, reveals market research report from MicroMarket Monitor.
The predictions are found in the market research report titled "North America Software Defined Networking Market, by Solution (SDN Switching, SDN Controllers, Virtual Cloud Application), by End User (Enterprise, Telecommunication Service Providers, Cloud Service Providers), by Geography - Analysis & Forecast to 2019"
This report defines and segments the North America Software Defined Networking market on the basis of solution, which are SDN switching, SDN controllers, and SDN virtual cloud application with an in-depth analysis and forecasting of revenues. On the basis of end-users, the market is divided into, telecommunication service providers, cloud service providers, and enterprises. It identifies key market drivers, inhibitors, and opportunities affecting it, along with the technology roadmap, adoption trends and geographical analysis of U.S. and Canada markets.
SDN is an emerging networking technology that enables network virtualization and innovation while addressing most persistent networking problems. The solution give more infrastructural control to data centers and network operators by allowing enhanced optimization and customization, which results in the reduction of their overall capital and operational costs.
SDN helps in configuring enterprise networks to suit the requirements of the critical business applications and has the ability to perform the same task in several minutes and in real-time, at a fraction of original cost.
Driving Factors for North America SDN market:
The major driving factors for the North America SDN market are the growing need for mobility, new architecture, surging cloud services, varying traffic patterns, and network management of large networks along with the network management of geographically spread assets.
Challenges for the SDN Adoption across Enterprises:
Established and extensive usage of the current technology for networking management and the lack of industry standards for SDN can be a bottleneck for SDN adoption. As the SDN solutions are still naïve, there might be various software glitches, which raise the issue of security concern on deployment of these solutions.
The SDN solutions address the challenges of network programmability, agility, flexibility and centralized control of entire network, and reduction in organization's capital and operational expenditure on network infrastructures. SDN finds extensive applications in various verticals, such as banking, financial services and insurance (BFSI), healthcare, education, government, energy and many more.
Who can make the difference in the North America SDN Market?
Cisco Systems, Inc., Hewlett-Packard Company (HP), Juniper Networks, International Business Machines Corporation (IBM), Plexxi Inc., VMware Inc., and more are expected to influence the SDN market in the North American region.