PUNE, India, Aug. 10, 2017 /PRNewswire-iReach/ — North America is a major region for the growth of the SDN and NFV market, and is expected to continue being so in the future. The region has gained a lot of momentum in SDN and NFV-related technologies, such as NFV. North America is expected to have the largest market size during the forecast period. Factors, such as the growth of innovative technologies, including cloud computing, mobility services, virtualization of network, and Bring Your Own Device (BYOD) are driving the adoption of SDN and NFV in the region. Browse 65 Market Data Tables and 37 Figures spread through 137 Pages and in-depth TOC on “Software-Defined Networking and Network Function Virtualization Market – Global forecast to 2022“http://www.reportsnreports.com/reports/166733-software-defined-networking-sdn-and-network-virtualization-market-global-advancements-business-models-technology-roadmap-forecasts-analysis-2012-2017.html .
The SDN and NFV market in North America region is witnessing the development of favorable standards and networking regulations for boosting the SDN and NFV market. Another factor contributing to the advancement of SDN and NFV in the region is high industrialization.
SDN and NFV revolutionize the existing networking and data center infrastructure. SDN, combined with the innovative idea of NFV, eliminates physical infrastructure limitations of networks. This offers a cost-effective, application-centric networking approach, with an aim to lower down the operational cost, thereby reducing latency and resulting in efficient network traffic management.
The Large enterprises segment is expected to have the largest market share during the forecast period. Large enterprises have large network infrastructures and they rely on networks to carry out their daily business activities and coordinate with their other geographically spread out assets. SDN solutions provide a cheaper way to manage the entire network from a central location and provide real-time bandwidth management of the network to deliver critical business applications at higher speeds.