The traditional carrier networking equipment sector has been awaiting a major transition, as telecom service providers sought a way to free themselves from the constraints of proprietary platforms. Open source software-defined networking (SDN) and network functions virtualization (NFV) hold the key to progress. According to the latest worldwide study by Technology Business Research (TBR), the NFV and SDN market will grow at a 116 percent CAGR from 2015 through 2021 to reach nearly $158 billion. Early adopters, such as AT&T, began to ramp up their investment in 2015 as open digital transformation became a top strategic priority. "A growing group of Tier 1 operators is leading the charge in implementing NFV and SDN. This group is driving a significant amount of development in the NFV and SDN ecosystem and is pushing the vendor community to rapidly adapt to this new architectural approach to networks," said Chris Antlitz, senior analyst at TBR . SDN and NFV Application...
TMT Market Research and Analysis