Global SDN Market to grow 54% CAGR from 2017-2024 Software Defined Networking (SDN) Market | Page 2

organizations can access security control and enable innovations via network
applications very easily.
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Agility: The speed of operations in an SDN facility enables easy access to data
center networks without any interaction with the network administrator. In fact,
by using SDN facilities, companies are now able to build customized
automation platform using APIs – an ongoing trend that has majorly stimulated
SDN market share.
SDN Market Share, By End-Use, 2016
Pertaining to the abovementioned benefits, a substantial number of IT service
companies have implemented SDN in their enterprise. For instance, a few years
before, Intel IT adopted a software-defined networking platform to enable networking
services. In addition to IT service companies, since the last decade, firms operating in
other businesses have also been adopting SDNs and related technologies. The
banking sector in particular, has witnessed a significant transformation due to
technology innovations and improved methodologies. From the technical point of view,
currently, for gaining more profit, banks have been implementing complex computing
architectures, data center sets, and vendor relationships. For instance, recently, online
tabloids were ablaze with the news of Malaysian banks wanting to implement
digitalization, owing to which they have been planning to invest in the latest
technologies over the coming three years. More than 50% of Malaysia based banks
apparently, are looking forward to inking agreement deals with leading players in SDN
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