SNS Research Assess the Global SDN, NFV and Network Virtualization Market
NEW YORK, NY: The SNS Research team announces the results of their latest study on SDN, NFV and Network Virtualization and its influence in the telecommunications service provider/carrier industry.
The study assess everything from the underlying technology, key market drivers, challenges, future roadmap, value chain analysis, use cases, deployment case studies, company profiles to product strategies and strategic recommendations.
It finds that SDN and network virtualization is slowly taking up their place in addressing challenges and demands of mobile traffic. They are also playing a role in decreasing the CapEx and OpEx burden faced by service providers and diminishing reliance on expensive proprietary hardware platforms. NFV is also gaining ground and vendors have already identified the trend and developed commercial-grade solutions that align well with the NFV initiative.
The study puts SDN, NFV and network virtualization market to account for nearly $10 Bn in 2015 alone. Despite barriers relating to standardization and co-existence with legacy networks, SNS Research also predicts a growth at a CAGR of 37percent over the next 5 years.
Additional findings of the study include: SDN and NFV will soon empower a multitude of network functions to be implemented cost effectively in software, ranging from standard mobile IMS (IP Multimedia System) services to DPI (Deep Packet Inspection); significant price and gross margin erosion for traditional hardware-based network switching equipment driven by alternative software based solutions by 2017 and by 2020 SDN and NFV can enable service providers (both wireline and wireless) to save up to $32 Bn in annual CapEx investments.