Global Software Defined Networking Market to Grow at a CAGR of 61.50% by 2018
Global software defined networking market could reach a market value worth USD 3.52 billion by 2018, by observing year-on-year growth at CAGR of 61.5% during the forecast period
Software Defined Networking (SDN) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2012 - 2018” is a report published by Transparency Market Research (TMR), which highlights the latest trends of the global SDN market. According to this report, the global software defined networking market will soar at a CAGR of 61.5% during the forecast period from 2012 to 2018 and will reach a value of US$3.52 billion by 2018.
Software defined networking (SDN) technique aims at building a more scalable and flexible network. This technique allows network administrators to achieve data flow control through the entire network instead of the individual devices. SDN also helps to easily create secure paths for data flow. SDN architecture manages mobility in a scalable manner and utilizes available resources optimally. Software defined networking technology allows programming and managing of the network at a higher scale with increased flexibility and agility. To implement cloud computing services effectively in an organization and to optimize its benefit in the infrastructure, a clear understanding of software defined networking technology is crucial.
SDN can be easily incorporated in enterprise or service based applications. But irrespective of their place of use, SDN provides a faster and more agile network flow, efficient maintenance and comprehensive transparency.
Though the technology is still in its nascent stage, it has amassed some big clients such as the telecommunications industry, cloud computing services and enterprise applications.
Benefits of SDN:
With a centralized, controlled and programmable network that can dynamically and automatically manage changes in network flow and requirements, SDN can provide benefits of the following kind:
Reduces basic capital required for setting a network: By reducing the need to purchase the expensive, application-specific ASIC based network hardware, SDN reduces the overall cost of the network
Reduces operational costs: a software defined network enables algorithms in gaining control of the network by building the network from network elements that are increasingly programmable, making it easy for the network administrators to design, manage and scale network of any kind. Automation helps in reducing not only the management time, but also the overall operational costs by providing very few chances for human error to bring undesired characters to the network flow.
Provides flexibility and quick service: by allowing businesses in rapidly deploying new services, infrastructure and applications, SDN helps them in meeting their goals and objectives.
The global Scenario:
Market analysts estimate that the global software defined networks market could have a value worth USD 3.52 billion by 2018, by observing year-on-year growth at CAGR of 61.5% between the years 2012 through 2018 (Transparency Market Research).
Primary factors driving the need for services and products from this market include increasing need for mobility and efficiency in networks. Rising demands for cloud services are also increasing demands for software defined networks.
Application wise, the enterprise sector currently holds the majority of market shares, accounting to nearly 35% of the entire SDN market. However, in the coming years, demands could significantly rise from the cloud service providers segment.
The biggest consumer of SDN technology, geography-wise, is the region of North America. Demand in this region is driven by favorable regulations and high rate of standardization of businesses in this market.
Browse the full Software Defined Networking (SDN) Market report at http://www.transparencymarketresearch.com/software-defined-networking-sdn-market.html
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