LONDON, March 28, 2017 /PRNewswire/ -- Software Defined Networking (SDN) solution 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. Europe is the second largest adopter of software defined networking solutions after North America, while APAC with growing numbers of various organizations and increasing technological trends lags behind the above two regions. Global software defined networking market is expected to grow from US$ 1.62 billion in 2015 to US$ 23.95 billion by 2025 at a CAGR of 31.2% between 2015 and 2025.
The report focuses on an in-depth segmentation of this market based by solutions, end-user and industry verticals. The geographic segmentation of the report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The regional market has been further bifurcated by respective countries. By end-user vertical telecom & IT sector accounted for the largest share of the software defined networking market in 2015. APAC is expected to grow at the highest CAGR during the forecast period.
The report aims to provide an overview of global software defined networking market with detailed market segmentation. Also, it analyzes the current software defined networking market scenario and forecasts the market till 2025. The report covers market dynamics effecting the market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the markets with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the market along with their market strategies. The report also provide PEST analysis and SWOT analysis for all company profiled in the report.
North America is one of the prominent regions in software defined networking market which will contribute highest revenue globally due to technological developments and considerable implementation of software defined networking technology in different application segment. Rapidly growing economies in Asia-Pacific (APAC) with significant growth in IT sector will pave the path for increasing adoption and propel the market for software defined networking. The region is expected to lead the market with highest CAGR during the forecast period. Some of the key players of software defined networking market include Cisco, Inc., Huawei, Inc., IBM Corporation, Hewlett Packard Enterprise, Juniper Networks, VMware Inc., Cumulus Networks, NEC Inc., Broadcom Ltd. and Brocade communication systems among others.
Reasons to buy
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the software defined networking market, thereby players across the value chain to develop effective long term strategies
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