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Software-defined Networking & Network Function Virtualization Market Size to Boost US$ 90 billion By 2027 | CAGR 28.2% – IndustryARC

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Software-defined Networking & Network Function Virtualization Market Size to Boost US$ 90 billion By 2027 | CAGR 28.2% – IndustryARC

September 13
10:20 2022
Software-defined Networking & Network Function Virtualization Market Size to Boost US$ 90 billion By 2027 | CAGR 28.2% - IndustryARC
Market Research Reports, Business Consulting Services & Analytics
Global software-defined networking & network function virtualization market size is forecast to reach US$ 90 billion by 2027, growing at a CAGR of 28.2% from 2022-2027.

Global software-defined networking & network function virtualization market size is forecast to reach US$ 90 billion by 2027, growing at a CAGR of 28.2% from 2022-2027. Software-defined networking (SDN) is away to network that uses software-based controllers or application programming interfaces (APIs) based on cloud computing to communicate with underlying hardware infrastructure and direct traffic on a network. Network functions virtualization(NFV) is a virtual network which acts as the replacement of network appliance hardware with virtual machines. This is used in various sectors like power, BFSI, retail, manufacturing, healthcare and many others in network applications or functions like intrusion detection systems, load balancing or firewalls. The increasing technology in the IoT based devices and investments in the same has fueled the need of software-defined networking and network function virtualization industry to grow further. 

 

Competitive Landscape:

The top 5 players in the Software-defined Networking & Network Function Virtualization industry are –

1.Cisco Systems, Inc.

2. Hewlett Packard Enterprise Co.

3. Intel Corporation

4. Pluribus Networks Inc.

5. IBM

 

Interested in knowing more relevant information? Click here:

https://www.industryarc.com/pdfdownload.php?id=500794

 

Segmental Analysis:

1. software defined networking and network function virtualization market by product has been segmented into software, services, physical appliances.The services segment held the largest Software-defined Networking & Network Function Virtualization market share and is expected to grow at the fastest over the forecast period at a CAGR of over 41% in the period of 2022-2027. 

2. In addition, growing use of IoT technology for device to device communication among virtual machines through wireless networks isanalysed to fuel the software-defined networking & network function virtualization market growth.As North America has the fastest growing 5G network to support the growing IoT technology as well as large investmentsto develop the technologies further. In January 2021, the Opensignal data finds that 5G download speeds from the three big U.S. operators are in the 47 Mbps to 58 Mbps range well sufficient for IoT applications and uses.  

3. In February 2022, iBASIS, the leading provider of communications solutions for operators and digital players worldwide, announces today that its owner, Tofane Global (TOFANE), the leading international communications solutions group, acquired Simfony, an Internet of Things (IoT) Platform-as-a-Service provider and Mobile Virtual Network Enabler (MVNE).Simfony’s platform, built on the latest architecture concepts such as Software Defined Network (SDN) and Network Functions Virtualization (NFV), ensures rapid time-to-market and elasticity for an unlimited number of connected devices.

 

Report Coverage

Report Attributes

Details

By Product

Software, Services, Physical Appliances

 

BySDN type

OpenSDN, SDN by Application Programming Interfaces(APIs), SDN Overlay Model, Hybrid SDN

 

By Application

Power and Energy, Government, IT & Telecom , BFSI, Education, Manufacturing, Retail, Transportation and Logistics, Defense, Healthcare.

 

By End User

Cloud Service Providers ,Technology Service Providers , Enterprises

By Geography

North America, Europe, Asia-Pacific, South America and Rest of World

 

Get more detailed information about these segments in the report. Buy it here:

https://www.industryarc.com/reports/request-quote?id=500794

 

Market Drivers and Challenges:

1. Cyberattacks on cloud computing, SDN, NFVand various software technologies has always been a threat.In SDN, one of the most compromised section is the SDN controller at the control plane layer. Due to the centralization design of the SDN, the SDN controller becomes access point and attackers can attempt to manipulate the entire network just through the controller. 

2. According to SolarWinds Inc., networks with a centralized SDN firewall may lean towards using a stateless configuration to reduce the compute resources needed at the control layer This is not without drawback, however, as a stateless tool is more susceptible to an attacker conducting a multi-hop attack. 

3. A poorly planned transition can lead to network outages, impaired monitoring and fault management systems, or, most detrimental of all, stalled or failed migration. It is critical to focus on service continuity with minimal disruption. Optimally, the consistency of OpenFlow protocol versions is maintained between SDN controllers and switches during the migration. Pre- and post-migration checklists that address specific applications will also help ensure a smooth migration.

 

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