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MarketsandMarkets Adds Report on Software Defined Networking Market [Health & Beauty Close - Up](Health & Beauty Close - Up Via Acquire Media NewsEdge) MarketsandMarkets said the report, "Software Defined Networking (SDN) Market (SDN Switching, Controllers, Cloud Virtualization application, Network Virtualization Security, End-Users) - Global Advancements, Market Forecasts and Analysis (2014 - 2019)", defines and segments the SDN market into various sub-segments with an in- depth analysis and forecasting of revenues. In a release, MarketsandMarkets noted report highlights: The report also identifies the factors driving this market, various restraints and opportunities impacting it along with the technology roadmap and adoption trends. MarketsandMarkets reported that it broadly segments the Software Defined Networking (SDN) Market on the basis of solution: Switches, Controllers, Cloud Virtualization Applications and Network Virtualization security; by End-Users namely, Telecommunication providers, Cloud service providers and Enterprises; by regions such as North America (NA), Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and Latin America (LA). Additionally, the major driving factors for SDN market are growing need for mobility, need for new architecture, surging cloud services, varying traffic patterns and network management of large networks along with the network management of geographically spread assets. Challenges faced in SDN market is the established and extensive use of current technology for networking management, lack of industry standards for SDN and more importantly the SDN solution is still naive and thus may have many software glitches which raise the issue of security concern on deploying the solution. Today's SDN solutions address the challenges of network programmability, agility, flexibility and centralized control of entire network and also reduction in organization's capital and operational expenditure on network infrastructures. SDN finds extensive applications in various verticals like Banking, Financial Services and Insurance (BFSI), Healthcare, Education, Government, Energy etc. The task of configuring Enterprise networks to suit the requirements of critical business applications is very time consuming, is performed by expensive IT resource and thus has a high operational expenditure. SDN simplifies this task and has the ability to perform this task in several minutes and in real-time and at a fraction of original cost. MarketsandMarkets forecast the Software Defined Networking Market to grow from $290 million in 2014 to $3,670 million in 2019. In terms of components, SDN switching is forecasted to lead the market in terms of revenue in the period of 2014 to 2019; In terms of End- Users, Cloud service providers are expected to lead the market in terms of revenue in the forecasted period of 2014 to 2019; In terms of geographies, North America and Europe is expected to lead the market in terms of revenue contribution in 2014, while Asia- Pacific, Middle East and Africa and Latin America is expected to experience increased market traction, with Asia-Pacific replacing Europe to become the second biggest contributor in revenue contribution in 2019. Report information: www.marketsandmarkets.com/Market-Reports/software-defined- networking-sdn-market-655.html ((Comments on this story may be sent to [email protected])) (c) 2014 ProQuest Information and Learning Company; All Rights Reserved. |