Software Defined Network Global Market – Overview
The global Software Defined Network market is growing with the rapid pace is mainly due to Increasing adoption of software defined networking solutions and services is one major factor fuelling the growth of software defined networking market. According to a recent study report published by the Market Research Future, The global market of Software Defined Network is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 2023).
The global Software Defined Network Market is driven due to rapid adoption of Software Defined Network solutions that optimize its networks, are few factors which are propelling the growth of Software Defined Network market to the large extent. The companies like IBM Corporation, Cisco Systems, Intel Corporation and Big Switch Networks are investing in research & development of Software Defined Network. It helps the company in reducing operational costs and also helps in improving overall customer service life cycle. Software defined networking is a way to deal with computer networking that permits network administrators to manage network services through abstraction of lower-level functionality. It helps in overcoming the limitations associated with traditional network infrastructure.
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Segments:
Software defined networking market can be segmented on the basis of following:
By Component
Solution
– Software
- Software Controller
- Application Software
– Physical Appliances
- Router
- Switches
Services
– Integration
– Training & Consulting
– Support & Maintenance
– Others
By End User
- Cloud Service Provider
- Telecommunication Service Provider
- Enterprises
By Organization Size
- SMEs
- Large Enterprises
By Vertical
- BFSI
- Healthcare
- Manufacturing
- IT & Telecommunication
- Defense & Government
- Consumer Goods & Retail
- Others
Regional Analysis:
The regional analysis of software defined networking market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in software defined networking market in North America is attributed to technical advancements and increasing use of mobile devices, tablets and smartphones in that region.
Key Players:
The prominent players in software defined networking market are – Cisco Systems, Inc. (U.S.), Hewlett Packard Enterprise (U.S.), IBM Corporation (U.S.), Intel Corporation (U.S.), Juniper Networks (U.S.), Intersil (U.S.), VMware, Inc. (U.S.), Big Switch Networks (U.S.), Pica8, Inc. (U.S.), Huawei Technologies Co. Ltd. (China) among others.
Industry News
5 March 2017 – Cisco and IBM announces their new Versa Stack solution that helps organizations to reduce the complexity and automate processes of delivery of applications. It also includes hybrid cloud capabilities and the latest software defined storage technologies to address cloud-scale applications.
December 18, 2015 – NEC Corporation, a global leader of leaders in Software Defined Networking (SDN) and NF, had announced its collaboration with Intel Corporation to develop the Cloud-Radio Access Network solution for virtualizing the functions of mobile base stations.
November 17, 2015 – Cisco system Inc. has introduced software and developer tools for cloud-scale networking that enable service providers and web companies to deliver cloud applications.
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Intended Audience
- Technology Investors
- Research/Consultancy Firms
- OEM technology solution providers
- Cloud Service Providers
- Software Developers
- System Integrators
- Manufacturing Industry
- Government organizations
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