SDN and NFV both aim to virtualize and commoditize network hardware to reduce costs and increase flexibility. SDN separates the control plane from the data plane to allow centralized control of network behavior via software. NFV virtualizes network functions like firewalls and load balancers that were traditionally hardware appliances. Both seek to standardize networking functions through open source projects and standards bodies like ONF for SDN and ETSI for NFV. Major implementations include OpenStack for virtual infrastructure, OpenDaylight as an SDN controller, and OpenFlow as the SDN protocol. While complementary, SDN and NFV face challenges around vendor support and complexity that could slow wide adoption.