Software-defined networking (SDN) systems control complex networks. It helps to deal with the limitation associated with traditional network infrastructure. It handles the control and data plan and implements a centralized and programmable control over the data networks. Growth in cloud computing services among IT organizations have boosted the growth of the software-defined networking market. In addition, the growing adoption of mobile devices has tremendously raised over the past few years, leading to an increasing need for efficient data networks across private and public sectors. This, in turn, is boosting the growth of software-defined networking industry.
As per the latest report added by Value Market Research, the Global Software Defined Networking (SDN) Market was valued USD 4,283.6 MN (by revenue) in 2017 and is expected to reach USD 69,372.8 MN by 2024 with a CAGR of 48.8%.
PHYSICAL NETWORK INFRASTRUCTURE IS HIGHLY PREFERRED SOLUTION OF SOFTWARE DEFINED NETWORKING
Owing to factors such as an ability to organize and manage the flow control between network applications & elements is projected to gain the highest market share. Physical network infrastructure is estimated to be largest solution segment over the forecast period and is expected to gain the USD XX.X MN revenue by 2024 end.
TELECOM IS LEADING VERTICAL OF SOFTWARE DEFINED NETWORKING MARKET
Telecom sector is extensively adopting the SDN technology owing to its ability to provide better network infrastructure by improving the capability of carriers to deliver bandwidth according to demand. As per the analysis, by the end of 2024 telecom sectors is expected reach USD XX.X MN revenue.
SOFTWARE DEFINED NETWORKING IS WIDELY USED IN ENTERPRISES
Enterprises are the leading end-user of SDN technology owing to the numerous benefits offered such as reliability, security, centralized control, reduced complexity, and centralized control. Additionally, SDN helps in enhancing the scalability and flexibility of network infrastructure, thereby raising the demand of the product. By the end of 2024, the segment is estimated to generate USD XX.X MN revenue.
NORTH AMERICA LEADING IS THE REGION IN GLOBAL SOFTWARE DEFINED NETWORKING MARKET
North America is accounted for gaining the highest market share of software defined networking. The rising penetration of internet along with the technological advancement is the key factors propelling the demand for SDN. Additionally, the increasing investment in software defined networking by telecom service providers to improve their infrastructure and rising the network requirement further drive the SDN market. Moreover, the presence of key players such as Cisco Systems, IBM, VMware and Big Switch Network also likely to favors the market growth. North America is estimated to touch USD XX.X MN revenue by the end of 2024.
KEY PLAYERS EVOLVING IN THE SOFTWARE DEFINED NETWORKING MARKET
The SDN industry is characterized by the presence of the number of key players ranging from well-established service provider to start-ups. Some of the key players are Alcatel-Lucent S.A., Big Switch Networks Inc., Brocade Communications Systems, Inc., Cisco Systems, Inc., Dell Inc., Extreme Networks, Inc., Hewlett-Packard Enterprise Company, International Business Machines Corporation, Juniper Networks, Inc., NEC Corporation and VMware Inc. cater in the software defined networking market.
As per this study, the Global Software Defined Networking (SDN) Market was valued USD X,XXX.X MN (by revenue) in 2019 and is anticipated to reach USD XX,XXX.X MN by 2026 with a CAGR of XX.X%.
Software defined networking (SDN) systems control complex networks. It helps to deal with the limitation associated with traditional network infrastructure. It handles the control and data plane and implements a centralized and programmable control over the data networks. Basically, SDN plays a major role in managing the typical networking infrastructure in an organization by implementing customized, virtual, and automated network for data traffic management and efficiently managing big data and others. It is considered as a most effective way to manage big data, which create large volumes of highly distributed data related to marketing, operations, production, and customer support service, which are analyzed to enable better decision-making.
Growth in cloud computing services among IT organizations have boosted the growth of the software-defined networking market. In addition, the growing adoption of mobile devices has tremendously raised over the past few years, leading to an increasing need for efficient data networks across private and public sectors. This, in turn, is boosting the growth of software-defined networking industry. Furthermore, the rising need for technological advancement among enterprises offers new growth opportunities to market players to expand their market presence. However, lack of standardization & implementation and also lack of awareness among enterprises is likely to hamper the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of software defined networking (SDN).
The broad software defined networking (SDN) market has been sub-grouped into solution, vertical, and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By End-User Market Share 2019
- Physical Network Infrastructure
- Virtualization And Control Software
- Professional Services
- SDN Applications & Network Services
- Consumer Goods and Retail
- Telecommunication Service Providers
- Cloud Service Providers
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for software defined networking (SDN) in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Europe Software Defined Networking (SDN) Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the software defined networking (SDN) market includes Alcatel-Lucent S.A., Big Switch Networks Inc., Brocade Communications Systems, Inc., Cisco Systems, Inc., Dell Inc., Extreme Networks, Inc., Hewlett-Packard Enterprise Company, International Business Machines Corporation, Juniper Networks, Inc., NEC Corporation and Vmware Inc. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
Major Company Players Market Share
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.