Software-Defined Networking (SDN) Market Overview:
The Software-Defined Networking Market is anticipated to reach 37.71 billion and show a CAGR of 21.24% from 2018 to 2030, according to Market Research Future (MRFR) (forecast period)
Because of how quickly the world is digitizing, the Software Defined Networking Market Share is being adopted at a significant rate. The size and complexity of network infrastructures have been growing quickly during the last few decades. Software-defined market solutions give traffic management flexibility, enhancing the operator’s network effectiveness. In order to have an end-to-end network, better control, and more effective service management, CSPs all over the world have been investing in software defined networking technology.
The enormous growth in IoT device numbers is an opportunity for the SND sector. In recent years, there have been billions of IoT devices. And sufficient connectivity is required for these IoT devices. As a result, the market opportunities for software defined networking have greatly increased.
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Software-Defined Networking (SDN) is an approach to networking that uses software-based controllers or application programming interfaces (APIs) to manage the flow of traffic across a network. It focuses on centralizing the control plane and allowing for more programmatic control of the network. SDN allows networks to be more agile and flexible, and allows for the easy implementation of new services and applications. It also allows for greater visibility and control of the network, enabling administrators to easily monitor and troubleshoot network issues.
The latest trends in Software-Defined Networking (SDN) are the availability of network customisation options, the emergence of vendor-neutral solutions, the rise of cloud-native architectures, the development of hybrid clouds, the adoption of multi-cloud strategies, and the increasing focus on automation and programmability. Additionally, SDN is playing an increasingly important role in the development of 5G networks, as well as in edge computing, Internet of Things (IoT), and artificial intelligence (AI). As the technology continues to evolve, it will become even more important for organizations to develop a comprehensive SDN strategy that takes into account the latest trends and developments.
The main obstacle in the market for software-defined networking is effectively transforming traditional infrastructure and current technology. Despite the fact that many vendors are interested in working with other SDN solution providers, some current traditional technology vendors have benefited from this issue.
Software-Defined Networking (SDN) Market Regional Analysis:
North America is anticipated to have the largest growth in the worldwide Software Defined Networking (SDN) Market among the five regions of APAC, Europe, Latin America, and MEA. This market has significant room for expansion. The quick and widespread use of technologies like network function virtualization, cloud computing, mobility services, and BYOD is fueling the expansion of this region (bring your own device). The industrialization of the North American continent has always been rapid, making it the market for emerging technologies, particularly in the US and Canada. There are several significant market players in this area.
As a result, investments and a high rate of opportunity-seeking have always boosted growth.
On the other hand, the Asia-Pacific area, particularly China and India, has undergone a significant digitization. As a result, it is anticipated that the Asia Pacific region’s market would experience tremendous expansion throughout the projection period.
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Software-Defined Networking (SDN) Market Segmentation:
The following categories are used to segment the software-defined networking market: – Components, SDN kinds, End-users, Expert services, Organization size, and Business verticals
The market is divided into SDN Infrastructure, Software, and Services based on its components.
The market is divided into Open SDN, SDN via overlay, and SDN via API based on SDN types.
The market is divided into Service providers and Enterprises based on the end-users.
The market is divided into three categories based on professional services: support services, implementation services, and consulting services.
The market is divided into two categories based on organisation size: large enterprises and SMEs.
The market is divided into the following categories based on enterprise verticals: manufacturing, BFSI, retail, ITeS, education, healthcare, government and defence, energy, and utilities; travel and hospitality; transportation and logistics.
By Components:
- SDN Infrastructure
- Software
- Services
By SDN Types:
- Open SDN
- SDN via overlay
- SDN Via API
By End-users:
- Service providers
- Enterprises
By Professional Services:
- Support service
- Implementation Service
- Consulting Service
By Organization Size:
- Large Enterprises
- SMEs
By Enterprise Verticals:
- BFSI
- Retail
- ITeS
- Manufacturing
- Education
- Healthcare
- Government and Defence
- Energy and Utilities
- Travel and Hospitality
- Transportation and Logistics
By Regions:
- North America
- Europe
- APAC
- Latin America
- Middle East and Africa (MEA)
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Software-Defined Networking (SDN) Market Key Players:
- Intel Corporation
- Pluribus Networks Inc. (US)
- Hewlett Packard Enterprise Company(US)
- Huawei Technologies Co. Ltd.
- Cisco
- Systems Inc. (US)
- Juniper Networks Inc. (US)
- NEC Corporation (Japan)
- Pica8 Inc. (US)
- IBM Corporation
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