Home › News Updates › MarketsandMarkets Named as a Major Source by Centina Systems in their Latest Article on SDN/NFV Market
According to the recent article on SDN/NFV market by Centina Systems, MarketsandMarkets has been mentioned as a major reference for market forecasts.
SDN and NFV technologies are creating a buzz in the networking world, and are set to redefine the networking architecture in the years to come. They find usage in many industry verticals such as BFSI, consumer goods & retail, government & defense, manufacturing, telecom & IT, energy & utilities, and healthcare, among others. The global market for SDN/NFV is forecasted to achieve a stellar growth rate of 86.1%, reaching $45.13 Billion by 2020, owing to the rising need for mobility and adoption of cloud services coupled with increasing complexity of networks and changing traffic patterns. Both these technologies provide huge benefits to the telecommunications service providers, thereby addressing the explosive demand of mobile traffic and reducing the operational and capital expenditures.
For More Details:
Report mentioned in the above news is,
Software Defined Networking (SDN) Market & Network Function Virtualization by Solution (Security Technologies, Switches, SDN Application Platform & Controller, SDS Platform, and Routers), Service, End User - Global Forecasts to 2020
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