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Software defined networking market to grow at CAGR of 60.43%
Companiesandmarkets.comJun 22, 2012 11:35 BST
The global software defined networking market is estimated to grow from $198 million in 2012 to $2.10 billion in 2017. This represents a compound annual growth rate (CAGR) of 60.43% from 2012 to 2017.
The major forces driving the market are factors such as rising need for mobility, need for new network architecture, surging cloud services, and varying traffic patterns. At the same time, opportunities in venture capital funding will benefit the growth in the software defined networking market.
In the current scenario telecommunication continues to be largest adaptor for SDN. In terms of geographies, North America continues to be the biggest market for software defined networking solutions. However, over the next five years, Asia-Pacific (APAC) will experience increased market traction, to become the biggest software defined networking market globally.
Software defined networking refers to a network infrastructure wherein the network control plane is decoupled from the physical topology. The technology provides operators with several advantages including increased flexibility and performance along with simplified operations.
Rising need for enterprise mobility has given way to growing employment of mobile personal devices such as smartphones, notebooks, and tablets to access corporate networks. The incumbent IT infrastructure is under pressure to configure these devices in a robust manner, while meeting compliance standards and norms.
For more information on the software defined networking market, see the latest research: Software Defined Networking Market Report
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