Published on : Aug 16, 2016
ALBANY, New York, August 16, 2016: ResearchMoz.us has recently announced the inclusion of a new market intelligence study to its comprehensive collection of research reports. The 61-page research study, titled “Global Software-Defined Networking Market 2016-2020,” provides a detailed understanding of the market, emphasizing on the key opportunities and trends. Furthermore, to offer a clear picture of the software-defined networking market, the research study has highlighted the key growth drivers and challenges in the market.
According to the research study, the global market for software-defined networking is anticipated to register a remarkable 34.64% CAGR between 2016 and 2020. The growing need to simplify data center management and the growing demand for software-defined security are some of the key factors estimated to augment the growth of the software-defined networking market in the next few years. On the other hand, the difficulties in migrating from existing systems are anticipated to hamper the growth of the market in the near future.
The global software-defined networking market has been categorized on the basis of architectural component into controller software, software-defined networking applications, and physical network infrastructure. Among these, the software-defined networking application segment is estimated to grow at an impressive 55% CAGR between 2016 and 2020. Some of the key applications of software-defined networking are intrusion detection, network virtualization, flow balancing, and network monitoring.
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Among the key geographical segments, in 2015, the Americas led the global software-defined networking market, accounting for a 52% share. The rapid growth of the Americas can be attributed to the rising adoption of software-defined networking in the U.S. The U.S. is considered a key user of software-defined networking technology thanks to the presence of IT giants such as Google, Facebook, and Microsoft. As a result, this region is projected to witness rapid growth in the next few years.
In the last few years, the global market for software-defined networking has gained traction, particularly concerning the enterprise data center environment. The competition among the key players in this market is extremely high and is projected to get intense through the forecast period. The prominent players in the market are focusing on mergers and acquisitions in order to expand their product portfolio and strengthen their position in the global market. As the global market for software-defined networking is becoming more sophisticated, the key players in the market are emphasizing on the implementation of advanced technologies in order to gain a competitive advantage in the overall market.
The leading players in the software-defined networking market across the globe are HP, VMWare, Cisco Systems, Brocade Communications, Juniper Networks, and Huawei. Some of the other players included in the study are Metaswitch Networks, Coriant, Pluribus Networks, Broadcom, Riverbed, Pica8, Cumulus Network, Sonus, 6Wind, Verizon Enterprise, Nokia, Allied Telesis, Avaya, and Arista.
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