DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Software Defined Networking (SDN) Market - Forecasts from 2016 to 2021" report to their offering.
Global Software Defined Networking Market is projected to expand at a CAGR of 53.13% over the forecast period to increase from US$3.270 billion in 2016 to US$42.157 billion in 2021.
This technology has revolutionized the networking structure by providing a flexible way to manage and delegate complex networks through efficient resources and data traffic management. Rising demand for better technology and surging cloud services are expected to fuel the market growth. Another positive factor impacting the market is the need for simplifying the task of networking and to reduce the requirement for traditional networking structure.
North America accounted for the major share of the SDN market in 2016. Asia Pacific region is projected to witness the fastest growth over the forecast period and is expected to become the second biggest market by 2021. Furthermore, the growing need for technological advancement is the way forward for the key players.
Key industry players profiled as part of this section are Dell, Cisco Systems, Intel, IBM, and NEC Corporation among others.
By Solution Type:
- Professional Service
- Virtualization and control service
- Physical Network
- Application and Network Service
- Telecom & IT
By End User:
- Telecommunication Service Providers
- Cloud Service providers
- ADARA Networks
- Big Switch Networks
- Ciena Corporation
- Cisco Systems
- Citrix Systems
- Intel Corporation
- NEC Corporation
- Oracle Corporation
For more information about this report visit http://www.researchandmarkets.com/research/kfxsjl/software_defined