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SDN market anticipated to grow $2.10 billion in 2017

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Harmeet
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NEW DELHI, INDIA: The global SDN market is estimated to grow from $198 million in 2012 to $2.10 billion in 2017. This represents a CAGR of 60.43 percent from 2012 to 2017, according to the report from MarketsandMarkets, a marketing research company.

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In the current scenario telecommunications continues to be largest adaptor for SDN. Over the next five years, Asia-Pacific (APAC) will experience increased market traction, to become the biggest SDN market globally. The report defines and segments the global Software Defined Networking market with analysis and forecasting of the global revenues. It also identifies drivers and restraints for this market with insights on trends, opportunities, and challenges.

MarketsandMarkets has segmented the global SDN market by types of solutions and end-users. The solutions' segment comprises of switching, controllers, cloud virtualization applications, and network virtualization security solutions. The major forces driving the market are factors such as rising need for mobility, need for new network architecture, surging cloud services, and varying traffic patterns. At the same time, opportunities in venture capital funding will benefit the growth in Network Virtualization market.

Companies such as Google deploying its own SDN network that interconnects all its data centres, and operators such as NTT and Verizon pushing forward with implementing SDN soon, the market has picked up significantly in the last year. At the same time, the industry players have become committed to SDN with shipping and announced products. With the stakeholders coming together for silicon, hardware and software solutions for SDN, the market is buzzing with several discussions and announcements for emerging technology.

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