Software Defined Networking Market Size Worth $70.4 Billion By 2024

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 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 the 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:

  • Software defined networking is anticipated to find Wide Area Networks (WAN) as the major use case in the coming years. Not only has SD-WAN been in the limelight of the SDN vendors for a long period now but the industry is also ripe for the adoption of the software-defined WAN for enterprises that are looking to replace the existing MPLS systems that had been de facto for most major organizations.
  • The software-defined networking market is dotted by some major players including VMware, Alcatel-Lucent (Nokia), International Business Machines, Cisco Systems, and Juniper. Other prominent industry players are Plexxi, NEC Corporation, Google Inc., Huawei Corp., Hewlett-Packard, Brocade Communication Systems, Big Switch Networks, and AT&T, among others. The emergence of new companies that cater to specific niche clients or provide capabilities targeting particular functionalities is also on the rise.
  • The new product development, industry players’ concentration on research and development activities, and developing cost-effective products for a differential industry are the major strategic plans adopted by the industry players. Also, there has been an increasing focus on the partnership and collaborations in the industry. For example, in March 2015, Brocade announced that it had completed the acquisition of the SteelApp business unit from Riverbed Technology. The SteelApp product line helped the Brocade data center deployments and enhanced the Vyatta Platform offering for the NFV and SDN solutions.

Direct Attach Cable Market Worth $13.3 Billion by 2025

The global direct attach cable market size is expected to reach USD 13.3 billion by 2025 at a 36.4% CAGR during the forecast period, according to a new study by Grand View Research, Inc. Rising adoption of direct attach cables for data storage is likely to boost market growth through 2025. The data center landscape is changing rapidly due to increasing utilization of direct attach cables for data storage. Increasing investments by manufacturers in high-speed pluggable products have been driving demand for active optical cables and direct attach cables. This is in order to meet the requirements of high-density and high-bandwidth applications, whilst keeping power consumption low. Additionally, active optical cables act as the main transmission medium in data centers and High-Performance Computing (HPC) to ensure flexibility and stability of data transmission. The cables are used for short-range data communication and interconnect applications.

Expanding Internet penetration across the world is urging manufacturers and suppliers to invest in research and development activities with a view to develop better products for data transmission. As the production of active optical cables is a complex and expensive process, researchers are increasingly focusing on innovating reliable high-speed pluggable products, whilst keeping the cost of the final product low.

Direct attach cables primarily find application in telecommunication, data centers, networking, consumer electronics, and high-performance computing centers. The telecom sector is one of the most prominent application sectors and is regulated by government and other related regulatory authorities.

Growing use of active optical cables in digital signage and in consumer electronics such as 4K TVs is anticipated to boost the growth of the direct attach cable market. Active HDMI optic cables are increasingly preferred over traditional copper cables in consumer electronics such as 4K TVs on account of their significantly tighter bender radius compared to traditional copper cables.

Furthermore, the high threat of replacement of copper and fiber cables with wireless broadband is hindering the growth of this market. Wireless networking offers internet accessibility and connectivity to people residing in rural areas. Additionally, a low initial cost of investment and technological advancements resulting in higher frequency rates are some of the factors that are contributing to the demand for wireless broadband. Wireless broadband meets the requirements of businesses more effectively than fiber and copper due to lower latency, lesser installation time, and higher reliability and stability.

Next-generation data centers demand high-speed cables, without compromising quality and flexibility of the pluggable product. For instance, Molex, LLC introduced Quad Small Form-Factor pluggable plus products such as the QSFP28 and QSFP56-DD interconnect solutions for high-density applications with a speed of up to 400 Gbps. QSPF28 and QSFP56-DD can be combined with servers, switches, routers, and SAN cards. These pluggable products can perform in extreme high temperature environment, which includes hot data centers.

Market participants have been diversifying their product portfolio through innovative offerings. For instance, in January 2018, Nexans announced the addition of active optical cables and direct attach cables to its data center solutions product portfolio. These cables were added to enhance the product offerings of the data center business segment and were designed to offer cost-effective, high-performance, and reliable solutions.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/direct-attach-cable-market

Further key findings from the report suggest:

  • Technological advancements have led to the evolution of high-speed pluggable products to improve high-density applications such as data centers
  • By form factor, the CFP segment is expected to exhibit the highest CAGR of 38.5% over the forecast period
  • Market participants are diversifying their product portfolio through innovative offerings, which is slated to give the market a significant boost
  • Arista Networks, Inc.; Cisco Systems, Inc.; Cleveland Cable Company; Hitachi, Ltd.; Juniper Networks; Methode Electronics; Molex, LLC; Nexans; Panduit; ProLabs Ltd; Solid Optics; The Siemon Company; 3M; Avago Technologies Ltd; Emcore Corporation; FCI Electronics; Finisar Corporation; Shenzhen Gigalight Technology Co., Ltd; Sumitomo Electric Industries, Ltd; and TE Connectivity Ltd are some of the key players in the market.