Cisco has announced the launch of Evolved Services Platform (ESP), a virtualization and orchestration software platform that enables service providers to deliver automated managed business services.
Thanks to Cisco ESP, service providers can deliver Cloud VPN and Security targeting the SMB market.
The market for managed network and communications services in the SMB segment is expected to grow to $62 billion by 2018, according to MarketsandMarkets, U.S. Census, Cisco Analysis.
The solution, specifically tailored to address the SMB demands, comes with instantaneous ramp-up, flexibility and personalization capabilities at a much lower cost than traditional enterprises, Cisco said.
Also read latest announcements from Cisco:
The solution leverages Software Defined Networking (SDN), innovative Network Function Virtualization (NFV), multi-vendor orchestration and provisioning technologies, which make them affordable for the SMB segment.
Service providers can save up to 78 percent in operational costs, deliver a 200% return on investment over 5 years and decrease new managed service start-up time from months to less than 48 hours compared to past approaches, Cisco claims.
Cisco is offering these solutions through Multi-Vendor Network Service Orchestration including Tail-F technology and Cloud Management from Meraki.
“Forward-thinking service providers are the enablers of the Internet of Everything (IoE), delivering innovative capabilities to new market segments,” said Kelly Ahuja, senior vice president and general manager, Cisco Service Provider segment.
“Cisco Virtualized Managed Business Services accelerate the delivery of cutting-edge business services to SMBs and offer cloud-based remotely managed services for WAN connectivity, security and other advanced technologies,” Ahuja added.