Software-Defined Networking and Network Function Virtualization Market

Cisco Systems, Inc. (US) and ), Juniper Networks (US) are the Major Players in the Software-Defined Networking and Network Function Virtualization Market

Software-Defined Networking (SDN) and Network Functions Virtualization (NFV) empower telecom and cloud service providers by providing a revolutionizing network infrastructure and fulfilling data center demands. MarketsandMarkets expects the SDN and NFV market size to grow from USD 3.68 Billion in 2017 to USD 54.41 Billion in 2022, at a Compound Annual Growth Rate (CAGR) of 71.4%. The increasing evolution and demand in mobility, the increased network complexity and varied traffic pattern, and the surge in demand for cloud service, data center consolidation, and server virtualization are the major driving factors for the growth of the SDN and NFV market.

The major SDN and NFV vendors are International Business Machines Corporation (US), Cisco Systems, Inc. (US), Hewlett Packard Enterprise Co. (US), Juniper Networks (US), Huawei Technologies Co., Ltd. (China),  NEC Corporation (Japan), Pica8 (US), Brocade Communications Systems, Inc. (US), Ciena Corporation (US), Intel Corporation (US), Pluribus Networks (US), and Big Switch Networks, Inc. (US). New product launches and partnerships are the key strategies adopted by these market players to offer feature-rich products and services to their customers, and penetrate deeper into unserved regions.

Cisco Systems, Inc. is one of the leading vendors offering SDN and NFV solutions. To cater to the SDN and NFV market, Cisco provides Cisco Wide Area Application Services (WAAS). Additionally, for the cloud and systems management domain, the company offers Cisco Prime infrastructure, the Cisco prime network analysis module. In February 2016, the company launched the NFV infrastructure solution, to help service providers to enhance and automate NFV operations. This aimed at providing faster services as well as reducing the total cost of ownership for the network. Moreover, in March 2016, in terms of strategic partnership, Cisco Systems Inc. formed a partnership with Telstra to provide SDN services, where Cisco helped Telstra in launching SDN products for its Australian customers. Moreover, the company acquired Viptela Inc., which provides Software-Defined Wide Area Network (SD-WAN) services to reduce the cost, help in easy network management, and improve the agility.

Another market-leading company, Juniper Network, Inc., offers different business strategies that include partnerships, new product and service launches, and acquisitions. The company formed a partnership with the key players in the market such as, ForeScout Technologies, Carbon Black Inc., CipherCloud, Netskope Cloud Support, and Aruba Networks. The company keeps launching new products and services to enhance its portfolio. In March 2017, Juniper launched a solution named Open Cloud Interconnect. The functionality of Open Cloud Interconnect is that, it spans Layer 3 to photonic layer that supports data center interconnects from the data center spine layer.

Related Reports:

Software-Defined Networking and Network Function Virtualization Market by Component (Solution (Software (Controller, and Application Software), Physical Appliances), and Service), End-User, and Region - Global Forecast to 2022

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Report Code
TC 2390
Published ON
Aug, 2017
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