2014-03-24 16:53:01 - The SDN, NFV & Network Virtualization Bible: 2014 - 2020 - a new market research report on companiesandmarkets.com
Driven by the thriving ecosystem, it is estimated that the SDN, NFV and network virtualization market will account for nearly $4 Billion in 2014 alone. Despite barriers relating to standardization and co-existence with legacy networks, further growth is expected at a CAGR of nearly 60% over the next 6 years.While the benefits of Software Defined Networking (SDN) and network virtualization are well known in the enterprise IT and data center world, both technologies also bring a hosts of benefits to the telecommunications service provider/carrier community.Not only can SDN and network virtualization help address the explosive capacity demand of mobile traffic, but they can also reduce the CapEx and OpEx burden faced by service providers to handle this demand by diminishing
reliance on expensive proprietary hardware platforms.SDN and network virtualization solutions have been widely deployed in data center and enterprise environments, and many service provider deployments are already underway.Network Functions Virtualization (NFV) is service provider led initiative aimed at virtualizing network components in a service provider network. While NFV is still a developing technology with its first set of specifications published in October 2013, many vendors have already developed commercial-grade solutions that align well with the NFV initiative.
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