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SDN & NFV Market 2024| By Key Players, Application, Type, Share, and Forecast to 2031

 

The global Software Defined Networking (SDN) & Network Function Virtualization (NFV) market is expected to grow at a significant CAGR during the forecast period (2024-2031). The growing number of devices connecting to the network, as well as the growing number of networking applications and services, necessitated new approaches to network design, management, and operation, which is why Software Defined Networking (SDN) and Network Function Virtualization (NFV) are in high demand. To change service and network architecture, Software Defined Networking (SDN) and Network Function Virtualization (NFV) are utilised. SDN allows network devices to be controlled without having to update the software every time a new protocol is implemented. SDN controls the network by informing packets arriving from a source where they should go and sending them to a designated destination.

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Network design is being modified by SDN and NFV technologies, which are seeing applications from networking partners in IoT, networking, mobility, and other domains. Increased networking traffic from an increasing number of devices, complex and fluctuating network traffic issues, an increasing number of cloud services, and management of a large number of network equipment are some of the factors driving demand for SDN and NFV. SDN and NFV technologies enable the configuration of complicated network infrastructures while also decreasing capital expenditure on the network setup. 

IoT, networking, mobility, and other stakeholders are paying attention to SDN and NFV. Increased cloud-enabled services, increased complexities of network traffic, global expanding operations, rising need for mobile applications, and other factors are pushing the adoption of SDN and NFV. The safety risks associated with data transfer, as well as a lack of skills and experience to efficiently manage traffic, are major factors influencing demand for SDN and NFV. In addition, owing to the established IT, telecom, and banking sectors, North America is likely to dominate the market for software-defined networking (SDN) and network function virtualization (NFV).

Full report of SDN & NFV Market available @ https://www.omrglobal.com/industry-reports/sdn-nfv-market

Market Coverage

  • Segment Covered
  • Regions Covered- Globally

Competitive Landscape: Intel Corporation, Hewlett-Packard, Cisco Systems Inc., NEC Corporation, DELL Inc. among others. 

Key questions addressed by the report

  • What is the market growth rate?
  • Which segment and region dominates the market in base year?
  • Which segment and region will project fastest growth in the market?
  • How COVID-19 impacted the market?

o             Recovery Timeline

o             Deviation from pre-COVID forecast

o             Most affected region and segment

  • Who is the leader in the market?
  • How players are addressing challenges to sustain growth?
  • Where is the investment opportunity?

Global SDN & NFV Market by Segmentation

By Solution

  • Implementation
  • Service

By Application

  • IT and telecommunication
  • BFSI
  • Defense
  • Government
  • Healthcare
  • Energy & utility
  • Others   

Reasons to Buying From us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

 

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/sdn-nfv-market

 

 

 


Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

 

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