North America Software Defined Network (SDN) Market Worth $1,443.8 Million by 2019 - New Report by MicroMarket Monitor
(PR Web Via Acquire Media NewsEdge) (PRWEB) July 12, 2014
The rise in the number of mobility devices around the world has urged for new advanced network architectures to suit the upsurge. Virtualization has become a growing trend in the IT industry with increasing cloud storage technologies. The data traffic has increased by several folds with the advent of more mobility devices. This has resulted in larger and more complex networks. These global factors are the main driving forces for the SDN market.
The North American (NA) region is expected to witness a huge growth in cloud storage and virtualization. The cloud traffic is expected to grow to 1,886 Exabyte by 2017. Advanced SDN architectures would be in demand in the future for managing cloud storages. The changing data traffic patterns in the region and increasing workload would require better SDN solutions to increase speed and agility of the networks with real-time resource allocation. The SDN market is expected to grow effectively in the NA region.
The North American software defined network market is estimated to grow from $159.3 million in 2014 to $1,443.8 million in 2019 at a CAGR of 55.4%, from 2014 to 2019. Some of the key players in this North American market include Alcatel-Lucent, Cisco, Juniper Networks, Hewlett-Packard, and Plexxi, among others.
Browse through the market data tables, figures and detailed ToC on the "North America Software Defined Network (SDN) Market" at: http://www.micromarketmonitor.com/market/north-america-software-defined-network-sdn-9065162554.html.
Latin America Software Defined Network (SDN) Market
The Latin American region is hosting the FIFA World Cup 2014 and the Rio Olympics 2016. The growth in data traffic due to these world events is predicted to be very high. The number of cellular devices is estimated to rise by several folds in the region. This would eventually result in data traffic congestion. The deployments of 4G LTE technologies are rapidly picking up pace since its inception in 2013. These factors are considered to become potential market drivers for the software defined networks market in the Latin American region.
The Latin American software defined network market is estimated to grow from $5.7 million in 2014 to $77.4 million in 2019, at a CAGR of 68.8%, from 2014 to 2019.
Europe Software Defined Network (SDN) Market
Europe is expected to show a rapid growth in 4G LTE networks in the prospective time. Telecom operators like Spirent have planned to roll out 4G LTE services throughout the region in 2014. Advanced SDN architecture would grow in the region to support the high bandwidth requirements of the network. The enterprise software market is growing worldwide and almost 26% (2012) share of the market was from the European region. The enterprises are now looking at SDN solutions to reduce the capital and operational expenses related to the entire network infrastructure.
The European software defined network market is estimated to grow from $60.6 million in 2014 to $731.4 million in 2019, at a CAGR of 64.6%, from 2014 to 2019.
Asia-Pacific Software Defined Network (SDN) Market
The Asia-Pacific region has shown a tremendous increase in the number of subscribers and data transverse over the network. This has created a need for effective management of the network to squeeze the maximum data traffic over the network. SDN solutions are expected to have greater demand in this region. The Open Networking Foundation (ONF) has witnessed an increase in the number of member countries in this region, from China, India, Japan, Taiwan, and South Korea to 26 more countries. This increased participation will result in higher adoption rates among enterprises in the region.
The Asia-Pacific software defined network market is estimated to grow from $57.8 million in 2014 to $1,301 million in 2019, at a CAGR of 86.4%, from 2014 to 2019.
Middle East and Africa Software Defined Network (SDN) Market
The MEA region has witnessed a tremendous economic growth in the past decade. The region has become one of the major destinations in the tourism industry. The data traffic in the region is estimated to grow rapidly due to the impacts of globalization on the economies of this region, especially in the financial market. New SDN infrastructure would be required to withstand the growing cellular traffic. The increased spending over IT in the past years shows a potential development for SDN architecture
The Middle-East and Africa software defined network market is estimated to grow from $6.6 million in 2014 to $116.3 million in 2019 at a CAGR of 77.3%, from 2014 to 2019.
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