WiseGuyReports.Com Publish a New Market Research Report On –“ Carrier SDN Market 2019–2023 : Global Growth Drivers, Opportunities, Trends, and Forecasts”.
Pune, India - September 19, 2019 /MarketersMedia/ —
Carrier SDN Industry 2019
Description:-
The “Worldwide Carrier SDN Market” is expected to reach $9,510.3 million by 2023, growing at a CAGR of around 42.3% during the forecast period 2017–2023.
In the last decade, internet speed has risen to a new height. Due to increasing demand, the service providers forced to adopt new technology and innovations, ensuring the users get the desired speed. The innovations completely transformed the traditional infrastructure to address the need of the consumers.
In the process to transform the industry, operators faced various challenges like issues regarding data traffic, the problem in adding the latest network services and partial utilization of bandwidth. These challenges have forced the service providers to adopt a new technology called software-defined networking (SDN) in the carrier network. The Carrier SDN improves the bandwidth improvisation, automatic traffic management, various other customization according to the client’s need and demand.
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The SDN has emerged as a profitable industry in the last five years and set to emerge as the world’s one of the leading industry in the next couple of years. Software-defined networking (SDN) hardware, applications, and services are the key products adopted by the carrier networks. The growing opportunity helps the industry to grow in a positive direction as reputed companies are investing a heavy amount in Carrier SDN market, which ultimately responsible for the growth of the industry in the long term.
Every major network companies are adopting this latest technology to provide the best possible services as per their client’s demand. The adaptation of Carrier SDN also helps the network companies to stand out from the crowd.
Market Analysis
The software-defined network can be segmented by medium, geography, and application. As the forecast suggested, the international SDN market is expected to rise significantly. The geography has an important role to play as well.
Market Segmentation in Terms of Location
The geographical segmentation of the global market includes North America, Canada, United States, Asia-Pacific, China, Indonesia, Japan, India, Singapore, Mexico, South Korea, Europe, Germany, Spain, Australia, Philippines, Malaysia, Vietnam, Thailand, UK, France, Italy, and Central & South America.
North America leads the chart due to its advanced technology and fast implementations. The SDN market in the Indo-Pacific region is boosting like never before due to the increased number of smartphones and internet subscribers. Countries in Europian region are investing heavily in the research and development work for the infrastructural improvement. African region remains a place to explore at this moment.
Top Market Players
Some of the top market players are Cisco Systems, Plexxi, Ericsson, VMware, HPE, Huawei Technologies, Brocade Communications Systems, Midokura, Pica8, Inocybe Technologies, Alcatel-Lucent, Pluribus Networks and Big Switch Networks.
Latest News about Industry
Recently, VMware teamed up with tech giant Dell to provide a next-generation package of SD-WAN service to its customers. SD-WAN will improve the customer’s experience to a great extent.
In an event, Cisco said that the emergence of SD-WAN would benefit the world as a whole. It improved the security, efficiency, speed, and cost in a great manner. As a result, the consumer can access technology like never before.
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Source: MarketersMedia
Release ID: 88920753
