As data, applications, and workloads continue to move to the cloud, demand for IaaS networking is surging. The market for cloud-based IaaS networking will reach $19.4 billion in total global revenues this year, according to IDC, with a compound annual growth rate of 28% projected through 2026.
Increasing cloud-native application architectures, distributed workloads, and their respective integration needs are the biggest drivers of IaaS cloud networking adoption, says IDC analyst Taranvir Singh.
“Traditional network architectures, transports and operational models are no longer able to meet the growing requirements and objectives of enterprises’ modern networking needs,” he says. “Networks need to be aligned with cloud principles.”
Read full article at Network World.