Programmable Virtual Network Platform: Introduction
- A programmable network manages the nature and flow control of network devices by software that runs independently of the network hardware. A truly programmable network enables network engineers to reprogram the network infrastructure without having to rebuild it manually.
- Programmable networks offer several advantages over traditional networks, such as reduced long-term costs, the ability of applications to store information about device functions, improved operational flexibility and visibility, support for new data protection and security technologies
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- Virtual networks enable communication among several computers, virtual servers, virtual machines (VMs), or other devices in different offices and data centers. Virtual networks enables devices in numerous sites to function with the same functions as a traditional physical network.
- The thorny and daunting path in implementing new solutions at the core of present-day computer networks culminates in a low rate of innovation. The programmable virtual network platform helps to reverse this rate.
- Programmable virtual network platform combines SDN and NV concepts to enable rapid and secure implementation of innovations in the existing network infrastructure.
- The programmable virtual network platform encourages end-users to develop and share novel network solutions, fostering innovation and enabling demonstrating virtual network infrastructure provisioning and programming
Global Programmable Virtual Network Platform Market: Dynamics
Global Programmable Virtual Network Platform Market: Key Drivers
- The market for programmable virtual network platform is expected to expand during the forecast period due to an increased demand for cloud services, data center consolidation, and server virtualization
- Rise in demand for enterprise mobility to improve the productivity of field-based services is likely to drive the market for programmable virtual network platform in the next few years
- Widespread usage of IoT technology increases the need for connected IoT devices. Network infrastructure is required to meet all the requirements of these devices in order to provide adequate connectivity and ensure application-based service delivery, which in turn is estimated to provide significant opportunities for the programmable virtual network platform market in the next few years.
- Expansion and new product launches would offer players in the market of programmable virtual network platforms lucrative opportunities over the next five years
- Demand from small and medium-sized businesses is expected to drive the programmable virtual network platform market due to the development of cloud technology and digitalization
- However, high implementation cost and limited spending on research & development are some factors that restrain the programmable virtual network platform market
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Impact of COVID-19 on Global Programmable Virtual Network Platform Market
- In a short period of time, the COVID19 outbreak has influenced customer and market behavior and is having a significant impact on societies and economies
- With indefinitely closed offices, manufacturing facilities, and educational facilities, the postponement of events and sports, social distancing, and the impact of WFH guidelines, organizations are increasingly looking for technology to help them overcome these troubled times
- Hence, significant demand for programmable virtual network platform in various sectors during COVID-19 boosts the market
North America to Hold Major Share of Global Programmable Virtual Network Platform Market
- The global programmable virtual network platform market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
- North America is expected to have a prominent role in the global programmable virtual network platform due to the early adoption of cloud-based networks and the presence of companies with the adoption of latest digital technologies. It is also estimated that the partial move to the cloud to improve information services would strengthen the programmable virtual network platform in North America.
- The market of programmable virtual network platform in Asia Pacific is projected to expand during the forecast period, as the region is home to several leading players in the networking industry. APAC is a market for investment that offers significant opportunities for the adoption of virtual network infrastructures.
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