The Insight Partners: Global Software Defined Networking (SDN) Market is expected to reach US$ 23.95 billion by 2025
Advancement in Banking, Financial Service and Insurance sector anticipated to escalate the Software Defined Networking Market at a CAGR of 31.2%
April 28, 2017 /MarketersMedia/ —
Latest market study on “Software Defined Networking (SDN) to 2025 by Solutions ( Physical Network Infrastructure, Virtualization/Control Software, SDN Application and Professional Services), End-user (Enterprises, Telecommunication services Providers, Cloud Service Providers ) and Industry Vertical (Banking & Financial Services and Insurance, Telecommunication & IT, Consumer Goods and Retail, Government & Defense, Manufacturing, Research & Academia and Others) – Global Analysis and Forecast”, the SDN market is estimated to reach US$ 23.95 Bn by 2025 from US$ 1.62 Bn in 2015. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
Browse market data tables and in-depth TOC of the Global Software Defined Networking (SDN) Market (2016–2025) http://www.theinsightpartners.com/reports/software-defined-networking-sdn-market
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Software Defined Networking is expected to grow to US$ 23.95 billion by 2025 from US$ 1.62 billion in 2015. Software Defined Networking has enabled enterprises to initiate application implementation and delivery in order to reduce their IT expense by executing policy empowered work-process automation. The Software Defined Networking technology also qualifies cloud architecture by providing on-demand, automated delivery and mobility. Moreover the technology is capable of improvising the benefits of rising resource flexibility, virtualization of data centers and plummeted infrastructure cost & overhead.
The continuous demand for robust data transmission capabilities by the firms in India and China and the increasing digital traffic has resulted in the demand for cost-effective software defined networking due to the limited budgets of the companies. Also, the social media and mobile users in this region are booming demanding for low latency and high data capacity storage. The fast growing technological adoption in the Asia Pacific is driving the demand for software defined networking.
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The global software defined networking market by geography is segmented into six region including North America, Europe, Asia Pacific, Middle East & Africa and South America. North America is expected to account for the largest share of the global software defined networking market in 2016, followed by Europe. Germany and UK being two key countries in Europe region which will lead software defined networking market in this region and is also expected to continue its dominance throughout the forecast period from 2016 to 2025. The report profiles key players such Cisco, Inc., Huawei, Inc., IBM Corporation, Hewlett Packard Enterprise, Juniper Networks, VMware Inc., Cumulus Networks, NEC Inc., Broadcom Ltd. and Nuage Networks among others.
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The report segments the global SDN market as follows:
Global SDN Market – By Solution
• Physical Network Infrastructure
• Virtualization/Control Software
• SDN Application
• Professional Services
Global SDN Market – By End User
• Enterprise
• Telecom Carrier Service Providers
• Cloud Service Providers
Global SDN Market – By Industry Verticals
• Banking, Financial Services and Insurance
• Telecommunication and IT
• Consumer Goods and Retail
• Government and Defense
• Research and Academia
• Others
Global SDN Market – By Geography
• North America
• Europe
• Asia Pacific (APAC)
• Middle East & Africa (MEA)
• South America (SAM)
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About The Insight Partners:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.
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Source: MarketersMedia
Release ID: 191790
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