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North America Software Defined Network (SDN) Market Worth $1,443.8 Million by 2019 - New Report by MicroMarket Monitor
Date:7/12/2014

(PRWEB) July 12, 2014

The rise in the number of mobility devices around the world has urged for new advanced network architectures to suit the upsurge. Virtualization has become a growing trend in the IT industry with increasing cloud storage technologies. The data traffic has increased by several folds with the advent of more mobility devices. This has resulted in larger and more complex networks. These global factors are the main driving forces for the SDN market.

The North American (NA) region is expected to witness a huge growth in cloud storage and virtualization. The cloud traffic is expected to grow to 1,886 Exabyte by 2017. Advanced SDN architectures would be in demand in the future for managing cloud storages. The changing data traffic patterns in the region and increasing workload would require better SDN solutions to increase speed and agility of the networks with real-time resource allocation. The SDN market is expected to grow effectively in the NA region.

The North American software defined network market is estimated to grow from $159.3 million in 2014 to $1,443.8 million in 2019 at a CAGR of 55.4%, from 2014 to 2019. Some of the key players in this North American market include Alcatel-Lucent, Cisco, Juniper Networks, Hewlett-Packard, and Plexxi, among others.

Browse through the market data tables, figures and detailed ToC on the “North America Software Defined Network (SDN) Market” at: http://www.micromarketmonitor.com/market/north-america-software-defined-network-sdn-9065162554.html.

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