The North America Software-defined Network Market is Estimated to be Worth $4,604.4 million by 2019 at a CAGR of 25.5%

Nov 25, 2015, 11:00 ET from MicroMarket Monitor

PUNE, India, November 25, 2015 /PRNewswire/ --

According to a Market Research Report "North America Software Defined Networking Market, by Solution (SDN Switching, SDN Controllers, Virtual Cloud Application), by End User (Enterprise, Telecommunication Service Providers, Cloud Service Providers), by Geography - Analysis & Forecast to 2019", North America Software-Defined Networking (SDN) Market is growing from $1,478.3 million in 2014 to $4,604.4 million by 2019, at a CAGR of 25.5% during the period under consideration.

Browse through the TOC of North America Software-defined Network Market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.

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The report on North America Software-Defined Networking Market defines and segments this market into various sub-segments with an in-depth analysis and forecasting of revenues. The report also identifies market drivers, inhibitors, and opportunities affecting it, along with the technology roadmap and adoption trends.

This report also segments the North America Software Defined Networking market on the basis of solution, which are SDN switching, SDN controllers, and SDN virtual cloud application. On the basis of end-users, the market is divided into, telecommunication service providers, cloud service providers, and enterprises. The market is divided into the U.S. and Canada on the basis of geography.

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The major driving factors for the North America SDN market are the growing need for mobility, new architecture, surging cloud services, varying traffic patterns, and network management of large networks along with the network management of geographically spread assets. Challenges faced in the SDN market include the established and extensive usage of the current technology for networking management and the lack of industry standards for SDN. More importantly, the SDN solutions are still naïve, and as a result of this, they might have various software glitches, which raise the issue of security concern on deployment of these solutions. The SDN solutions address the challenges of network programmability, agility, flexibility and centralized control of entire network, and reduction in organization's capital and operational expenditure on network infrastructures. SDN finds extensive applications in various verticals, such as banking, financial services and insurance (BFSI), healthcare, education, government, energy, etc.

Key Players of the North America Software-defined Network Market include:  

Cisco Systems, Inc., Hewlett-Packard Company (HP), Juniper Networks, International Business Machines Corporation (IBM), Plexxi, Inc., VMware, Inc., and others

The task of configuring enterprise networks to suit the requirements of the critical business applications is very time consuming. It is performed using expensive procedures, and therefore it has a high operational expenditure. SDN simplifies this task and has the ability to perform the same task in several minutes and in real-time, at a fraction of original cost.

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