Software-Defined Networking & Network Function Virtualization Market 2019
This report studies the size of the global market for virtualization of software-defined networking and network function, the status and forecast of the industry, the competitive landscape and growth opportunity. This study categorizes the worldwide market for virtualization of software-defined networking and network function by businesses, area, form and end-use industries.
This report focuses on the global key players, covered
Cisco Systems, Inc.
Hewlett Packard Enterprise Co.
Juniper Networks, Inc.
Huawei Technologies Co., Ltd.
Brocade Communications Systems, Inc.
Pluribus Networks Inc.
Big Switch Networks, Inc.
It includes virtualization and cloud techniques so that fresh network facilities with elastic scale and automation can be rapidly developed and deployed. By allowing on-demand implementation of fresh facilities and reducing bottlenecks established by automatic procedures, the innovation delivers increased agility to deliver network facilities through improved investment effectiveness. The growing requirement for orchestration and governance of computer assets, network and processing systems are the main pushing considerations for the growth of Software Defined Networking (SDN) and NFV systems.
The demand for Network Function Virtualization (NFV) is expected to exceed USD 70 billion by 2024. NFV is the abstraction of network features that enable them to be placed, monitored and edited on uniform hardware devices through the software. A key value proposition of NFV is that its architecture promotes interoperability and cooperation between vendors while preserving great alignment with the current architecture of the network. On commodity hardware such as storage, computing, and networking, NFV uses traditional IT virtualization techniques. Thus, companies can profit from the price and innovation dynamics of traditional IT by consolidating network features into business high-volume computers and transport.
Regions / countries market sector, this study includes the United States Europe China Japan Southeast Asia India market segment by type, the item can be divided into Software (Controller and Application Software), Physical Appliances Service Market segment by application, divided into BFSI Consumer Goods and Retail Government and Defense Manufacturing ITES Healthcare section.
In business IT environment, server, processing infrastructure, and related complexity problems trigger most businesses to waste more than 70 percent of their funds and expenditure on servicing & activities while abandoning less than 30 percent of funds for development. Business IT services can change their concentrate from servicing & activities to development through technology integration using virtualization techniques such as NFV. From 2018 to 2024, the NFV industry is expected to record a CAGR of over 42 percent. This solid development can be ascribed to the increasing supply for virtualization of servers and strengthening of information centers. Consolidation of information centers includes reforming ancient information centre equipment, design, network conversion, sustainability, asset inclusion and scheme relocation to render them more energy-efficient, flexible, efficient and cost-effective in order to deliver viable growth. As networks become more programmable, it is possible to conduct data center activities more agilely. As SDN and NFV drive data center and IT & services integration, they provide information center executives with enhanced scalability and efficiency to meet evolving business requirements. The massive investment by telecom service providers to market 5 G is another significant consideration anticipated to fuel the implementation of NFV alternatives. Some of the typical problems in complicated airline networks are a vast variety of proprietary nodes & software equipment and the need for extra patented equipment to launch fresh facilities.
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