Software Defined Networking Market to Grow at a CAGR of 61.50% from 2012 to 2018 due to Growing Need for Mobility

A new research report published by Transparency Market Research states that the global software defined networking market is expected to grow due to increasing demand for cloud services. The report, titled “Software Defined Networking (SDN) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2012 - 2018”, is available for sale on the company’s website. The expert industry analysts have analyzed every key market driver and inhibitor to give an objective view of the trajectory this market will take in the coming few years.

According to the research report, the global software defined networking market is expected to grow at a whopping CAGR of 61.50% from 2012 to 2018. The global software defined networking market is being encouraged by the increasing demand for cloud-based services and growing need for mobility. This market is also being propelled by the urgent need for better infrastructure. Growing application of policies such as BYOD or Bring Your Own Device in several organizations and growing technological advancements in networking will offer lucrative opportunities to this market. However, it is being restrained due to poor standardization and awareness.

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The global software defined networking market is segmented on the basis of the end user, solution, and geography. The end users in the global software networking market are cloud service providers, enterprises, and telecommunications service providers. The solutions offered by this market are SDN controllers, SDN switching, cloud provisioning and orchestration, and others such as security and services. Geographically, this market is segmented into Europe, North America, Asia Pacific, and Rest of the World.

Out of all the end users, enterprises held the largest share in 2012. This share can be credited to the growing need for virtualization, security, and agility. SDN technology has given several telecommunication service providers a chance to balance networks in a dynamic way, which is opening up new avenues for earning higher revenue.

Amongst the solutions, cloud provisioning and orchestration solutions hold the biggest share, followed by SDN controllers and SDN switching. This solution offers a better balance for the traffic following between servers and maintains a good resiliency in the network. However, the pressing need for efficient network infrastructure is pushing users to pick SDN technology.

The research report on the global software defined networking market profiles some of the key players such as Brocade Communications Systems, Cisco, IBM, Juniper Networks, NEC, VMware, Alcatel-Lucent, HP, Google, Big Switch Networks, Intel Corporation, Arista Networks, and Verizon Communications in order to give an assessment of the competitive landscape. The report also gives a SWOT analysis and Porter’s five forces analysis of these players. Furthermore, the report also examines the players to provide a valuable insight into their company profile, financial overview, list of existing products and services and those in the pipeline, and investment outlook.

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This release was published on openPR.