The global software defined networking market size is estimated to reach USD 70.41 billion by 2024, according to a new report by Grand View Research, Inc. Software defined networking (SDN) has witnessed a surge in its popularity in the recent years and rightly so owing to the myriad benefits it offers over the existing legacy infrastructure. The SDN solutions provide centralized control and operational capabilities, which help the network administrators and engineers to respond quickly and efficiently. The SDN architecture comprises different tools and techniques, such as the controller, switches forwarding, and backplanes, among others, that make the systems more agile and flexible.
SDN acts as a bridge between the applications and routers and switches to relay information and data between them. As they provide a virtualized view of the network and storage, the SDN solutions help in deploying applications and services at a fast pace. The demand for SD solutions is anticipated to be on the rise as there is a growing necessity for the increasing operability and bandwidth of the carrier networks for service providers as well as large enterprises. The increasing data traffic due to increased mobile devices, social media cloud computing, and even Internet of Things (IoT) is expected to propel the data traffic in the coming years, which will create a steep demand for enhanced networks.
The CapEX and OpEX reduction afforded by the software defined networks, coupled with the pay-as-you-grow model, is helping the demand growth. The increasing applicability in the data center infrastructures and campus networks, as well as the presence of open source automation tools such as OpenStack, will fuel the market growth in the coming years. SD-WAN and convergence of SDN, NFV, and OpenFlow are the upcoming trends to watch for that may shape the developing industry.
Click the link below:
http://www.grandviewresearch.com/industry-analysis/software-defined-networking-sdn-market-analysis
Further key findings from the report suggest:
- Arista Networks declared that the company’s leading product named Arista Cloud EOS that comprises a cloud-native example of its networking OS can now be used and deployed as a container on the Kubernetes cluster, in November 2019. This declaration will help to drive the demand for software-defined networking market in the forecast period.
- An internet service provider of Hong Kong named HGC Global Communications Limited (HGC), in Mar 2019. Which is a completely ICT service supplier and fixed-line operator with a widespread international and local network coverage, infrastructure and services, latelyopen the introduction of its global Telco-service Market, taking international facilities to a digital market for service ordering and orchestration supported by HGC Software Defined Network (SDN) architecture. This supplier will boost the demand for software-defined networking market in the forecast period.
- SevOne company, in April 2018, premiered the newest type of its SDN monitoring platform for Cisco ACI. This monitoring solution 2.0 automates the working vision of CISCO ACI on the placement of novel networks and services which would simplify the transition to CISCO ACI, measure the business effect and bring extensibility. This platform will drive the demand for software-defined networking market in the forecast period.
- VMWare announced VMWare NSX Service Mesh, in December 2018.This declaration is to offer features such as security, connectivity, management, and monitoringto networks with containerized micro facilities on cloud platforms. This will drive the demand for software-defined networking market in the forecast period.
- Vodafone signed a contract with Huawei in December 2017, to base its SDN deployment where Huawei company would supply its OpenStack-powered cloud OS, Fusion Sphere for building agile could data hub. This contract will drive the software defined networking market in the years to come.
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