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Software Defined Networking Market Growing Faster Than First Forecast

Earlier this year, IDC forecast that the SDN market could be worth $2.0 Billion by 2016. For 2013, IDC's May Forecast pegged the SDN market at $168 million.

Fast forward to December and IDC is now upping the forecast.

IDC is now stating that the SDN market will be worth $360 million in 2013, more than double the forecast from earlier this year. By 2016, IDC now expects the SDN market to grow to $3.7 Billion.

"For many of the SDN-related solution providers, some of them still in stealth-mode, 2013 is likely to be a year of reckoning," said Brad Casemore, Research Director, Datacenter Networks in a statement

Read the full story at EnterpriseNetworkingPlanet:
SDN Market Forecast at $3.7 Billion by 2016

Sean Michael Kerner is a senior editor at InternetNews.com, the news service of the IT Business Edge Network, the network for technology professionals Follow him on Twitter @TechJournalist.