SNS Research report forecasts NFV, SDN market growth
A new report from SNS Research suggests the service provider network functions virtualization (NFV) and software-defined networking (SDN) market is expected to swell at an annual compound growth rate (CAGR) of about 45% over the next three years. Annual investments are anticipated to hit almost $22 billion by the end of 2020, according to the report.
NFV And SDN are two emerging technologies that are changing the way telecom service providers manage their networks. NFV consists of decoupling software from hardware, while SDN involves centrally controlling network behavior using application program interfaces (APIs), or open programmatic interfaces like OpenFlow.
