The SDN, NFV & Network Virtualization Ecosystem - Service provider SDN and NFV investments will grow at a CAGR of approximately 45% between 2017 and 2020, accounting for nearly $22 Billion in revenue by the end of 2020
Raipur, April 19, 2018 (GLOBE NEWSWIRE) -- Report Sellers has added a new market research report “The SDN, NFV & Network Virtualization Ecosystem: 2017 – 2030 – Opportunities, Challenges, Strategies & Forecasts” to its offerings. The report is an in-depth market study providing accurate market insights including the latest trends, forecast, competitive insights, etc.
While the advantages of SDN (Software Defined Networking) and network virtualization are well known in the enterprise IT and data center world, both technologies also bring a host of benefits to the telecommunications service provider community. Not only can these technologies help address the explosive capacity demand of mobile traffic, but they can also reduce the CapEx and OpEx burden faced by service providers to handle this demand by diminishing reliance on expensive proprietary hardware platforms. The recognition of these benefits has led to the emergence of the NFV (Network Functions Virtualization) concept that seeks to virtualize and effectively consolidate many service provider network elements onto multi-tenant industry-standard servers, switches and storage.
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Service providers - both mobile and fixed-line - have already begun making significant investments in SDN and NFV across a number of use cases including but not limited to uCPE/vCPE, SD-WAN, vEPC, vIMS, Cloud RAN and vCDN. It is estimated that service provider SDN and NFV investments will grow at a CAGR of approximately 45% between 2017 and 2020, eventually accounting for nearly $22 Billion in revenue by the end of 2020.
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