London, England -- (SBWire) -- 07/07/2011 --Next generation devices for data centers and cloud-based technology have been witnessing huge opportunities in the networking market. The market is driven by the need for organizations to reduce power consumption of data centers in order to lower the overall data center management costs. These next generation technologies help cut down operating expenses by more than 50 percent. Moreover, they have been providing better return on investment within the first two to three years.
The cloud-based technology on the other hand is driven by the growing need for organizations to reduce the overall IT service costs. The cloud model is enabling organizations to deploy and scale IT infrastructure resources within short time frames. Also, the pay per use model of cloud service allows end-users to substantially reduce IT capital and operational costs.
The network software market is expected to grow much faster than the hardware market, at a CAGR of 30-33 percent over the next few years.
Key Market Trends:
- Integration of improved security features in network equipment
- Emergence of SaaS-based IPS solutions
- Addition of non-signature detection capabilities to IPS solutions
- Emergence of customized network management services
TechNavio research has worked extensively on various areas of the networking industry. For a complete list of reports visit http://www.technavio.com.
Increased Adoption of Next Generation Network Devices