US-based (SPY) technology (QQQ) firm Juniper Networks’ (JNPR) cloud vertical is growing quickly, rising 25.0% YoY (year-over-year) in fiscal 2016. The cloud vertical also accounts for approximately 24.0% of Juniper’s revenue. While its Routing segment has traditionally dominated its cloud vertical, Juniper believes Switching products will drive demand over the next few years. The company is focused on leading customer transitions in the cloud segment.
Last year, Juniper acquired optical equipment provider BTI Systems. Joining Juniper’s data center switching and IP (Internet Protocol) routing platform with BTI’s cloud and metro networking software and systems could transform Juniper’s packet optical networking segment.
Receive e-mail alerts for new research on COMP-INDEX:
Interested in COMP-INDEX?
Don’t miss the next report.
In June 2016, Juniper Networks (JNPR) announced the Juniper Networks Cloud-Enabled Branch. According to Juniper, this solution will “allow enterprises and managed service providers alike to seamlessly create and automate delivery of branch office networking services on-demand.”
Companies will also be able to accelerate deployment of real-time services and applications. A modern network architecture enables business expansion and improves employee productivity.
Juniper stated that even though companies are realizing the benefits of private, public, and hybrid cloud models, they lack a comprehensive solution suite to deploy these services. It said that its cloud-enabled branch service will help transform enterprise operations with new services and applications.
Juniper’s top ten customers include five from the telecommunications space and five from the cloud segment.