The global Software Defined Networking (SDN) global market is forecast to reach a market value of USD 3.52 billion by 2018, with a year-on-year growth of CAGR of 61.5%, according to market research report intelligence firm, Transparency Market Research
According to Transparency Market Research, the enterprise applications' segment is the lead revenue generator, followed by telecommunications services and the cloud computing segment. The future growth of this market would be driven primarily by the rise in adoption of the cloud computing technology, said the market intelligence firm.
In terms of growth by regions, North America stands as the global leader of the SDN technology market owing to the favorable regulations on network administration and high degree of standardization of services in this region, while Asia Pacific is predicted to achieve the fastest growth during the forecast period.
