Businesses are always searching for cheap and efficient methods to manage networks while addressing the network issues faced commonly in running critical business applications. Software Defined Networking (SDN) has been the answer to all these challenges by offering solutions that enables dynamic networking, real-time, and application-centric resource allocation.
Adoption of SDN technology has accelerated in recent years, as it augments network automation, agility of the network, converts the network into a centrally managed one, automates the network, and arranges the network. Hence, networking vendors have great opportunities in the SDN market, in the coming years.
A new report, "Software Defined Networking Market (SDN Switching, Controllers, Cloud Virtualization application, Network Virtualization Security, End-Users) -- Global Advancements, Market Forecasts and Analysis (2014 - 2019)" predicts that the Software Defined Networking Market will grow from $290 million in 2014 to $3,670 million in 2019.
The SDN market research report touched upon areas such as solutions segment, end-user types, geographical analysis, worldwide trends, market forces, technology and market roadmaps, business models, adoption factors, and company profiles for key industry players in the SDN and network virtualization space.
According to the report, SDN switching is expected to rule the market in terms of revenue in the period of 2014 to 2019, whereas in terms of End-Users, Cloud service providers are probable to lead the market in terms of revenue in the forecasted period of 2014 to 2019.
Also, North America and Europe is likely to lead the market in terms of revenue contribution in 2014, while Asia-Pacific, the Middle East and Africa and Latin America will probably experience increased market traction, with Asia-Pacific replacing Europe to become the second biggest contributor in revenue contribution in 2019.
The research estimates the growth of the SDN market is due to the requirement 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.
Edited by Rory J. Thompson