World SDN & NFV Market to Increase at 71.4% CAGR to 2022, Projects M&M in Its Cutting-Edge Research Study Published at MarketPublishers.com01 Sep 2017 • by Natalie Aster
LONDON – The market for SDN and NFV is forecast to increase at a 71.4% CAGR, from a value of USD 3.68 million as of 2017 to amount to USD 54.41 billion by 2022.
The growing evolution and demand in mobility, greater network complexity and diverse traffic pattern, and a hike in cloud services demand, IT consolidation, and server virtualisation act as the major factors boosting the market. The governance and safety standards, in tandem with the dearth of knowledge amid enterprises and end-users, as well as the difficulty in aligning SDN with the conventional technology act as the major restraints to the growth of the SDN and NFV marketplace.
The large-scale enterprises segment is anticipated to have the lion’s market share in the coming years. Large-scale enterprises have large network infrastructures and they have reliance upon networks to perform their day-to-day business activities and coordinate with their other assets spread out geographically.
Region-wise, North America is expected to have the major market size in the foreseeable future. The fast-paced development of novel technologies, encompassing cloud-based computing, network virtualisation, mobility services, and BYOD are stimulating the uptake of SDN and NFV across the region. Additionally, the region is seeing the development of favourable standards and networking regulations for giving a boost to the SDN and NFV market. High industrialization is also contributing to the market growth.
Cutting-edge research study “Software-Defined Networking and Network Function Virtualization Market - Global forecast to 2022” created by M&M is an unrivalled source of authoritative data on the market from a global perspective.
The report categorises the market by component, end-use sector, and based on geography; providing the granular approximations of the revenues for the total marketplace and the subsegments reviewed, with market data broken down across various regions. It canvasses key market drivers, hindrances, challenges, trends, and game-changing opportunities. The study canvasses the competitive scene, which presents the positioning of 26 leading SDN and NFV vendors on the basis of their product ranges and business strategies. Moreover, the research provides a market outlook and forecasts through to 2022.
More insightful market studies by the publisher can be found in MarketsandMarkets catalogue at MarketPublishers.com.