Verizon and Viptela announced Thursday they are teaming up to offer a new software defined networking solution.

The new Verizon service, which will be powered by Viptela’s Software Defined WAN Platform, will allow enterprises to “mix and match” private and public IP connections – such as MPLS, wireless LTE and Ethernet – to meet their individual application requirements.

The companies said the Viptela platform will be delivered from Verizon’s cloud and will be supported by Verizon’s IT consulting group.

Verizon said Viptela’s SD-WAN platform features centralized management and increased agility to accelerate deployment of service policy changes, visibility into application and infrastructure performance, device authentication and packet encryption for network protection and service chaining that allows L4 - L7 services like WAN optimization, firewalls and data leak prevention to be delivered from the Verizon cloud across the enterprise network.

"Software defined networking is the wave of the future," Verizon vice president of Enterprise Networking and Innovation Shawn Hakl said. "Viptela's innovative technology coupled with our global networking and data center assets give clients an advantage in today's digital economy where speed and agility matter most. Indicators from our testing efforts confirmed this solution is poised to take off in the enterprise space." 

According to analyst firm IDC, the SDN market is projected to grow to $12.5 billion in revenue by 2020.

"The Verizon/Viptela global SD WAN offering is a watershed moment in managed, cloud-enabled networking services given the new capabilities enabled by this technology," said Nav Chander, research manager within IDC's Worldwide Telecom Division. "Enterprises are just now realizing the promise of SDN and are shifting toward a managed environment especially as functions become virtualized.”

The new managed service is being offered in the United States, Europe and the Asia Pacific region, Verizon said.