Press release
SDN and NFV Technology in Telecom Network Transformation Market Estimated to Expand at a Robust CAGR over 2016 - 2026
The major reason behind the adoption of SDN and NFV by service providers in their network transformation is because SDN and NFV technologies are synergetic and they offer improved programmability, faster service enablement, and most importantly lower down the overall CAPAEX and OPEX for the service providers. SDN and NFV provide a complete digital network that is essential to increase customer satisfaction level. SDN and NFV technology in telecom network transformation emerged as paradigm that has potential to transform service providers’ networks by delivering cloud style nimbleness and innovation.
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The communication network telecom service providers are generally more complex, multilayer, and have variety of users that require high network availability and performance. As compared to data centers, a more stringent set of requirements will need to be met, in order to deploy SDN and NFV in these network.
Global SDN and NFV technology in telecom network transformation in Telecom Network Transformation Market: Segmentation
SDN and NFV technology in telecom network transformation in telecom network transformation market can be segmented on the basis of component, technology, and region. Component category include software and different types of services such as professional services and managed services. On the basis of technology, the market can be segmented into SDN and NFV. Region wise, the Market can be segmented into North America, Latin America, Asia Pacific, Japan, Eastern Europe, Western Europe, and Middle East & Africa.
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Cisco System Inc. Hewlett Packard Enterprise, IBM Corporation, Juniper Networks, Pica8, Inc., Intel Corporation, and Big Switch Networks, Inc. are some of the big players of global SDN and NFV technology in telecom network transformation market.
Regional Overview
North America is the largest SDN and NFV market as most of the technology providers such as Cisco, IBM, and Hewlett Packard Enterprise are based in the North America region and are making huge investment over there. Also, due to the ongoing advancements in 4G and 5G technologies the US, telecommunication service providers are deploying SDN and NFV at every layer of their network.
In Europe region, technology service providers have already understood the value proportion of SDN and have already started deploying SDN in their networks but enterprise market still remain gloomy in terms of adoption of SDN.
In Asia Pacific region, growth in countries such as China, India, and Japan are immensely contributing in the market. In India, the telecommunication services industry is going through the transformation and service providers have started to deploy SDN and NFV technology in telecom network transformation at massive scale.
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