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At MarketsandMarkets™, analysts are undertaking continuous efforts to provide analysis of the COVID-19 impact on the Software Defined Networking Market. We are working diligently to help companies take rapid decisions by studying:
- The impact of COVID-19 on the Software Defined Networking Market, including growth/decline in product type/use cases due to the cascaded impact of COVID-19 on the extended ecosystem of the market
- The rapid shifts in the strategies of the Top 50 companies in the Software Defined Networking Market
- The shifting short-term priorities of the top 50 companies’ clients and their client’s clients
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MarketsandMarkets forecasts the global Software Defined Networking Market size to grow from USD 8.8 billion in 2018 to USD 28.9 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 26.8% during the forecast period. SDN is a networking architecture and is expected to revolutionize the existing networking infrastructure within the data centers, service providers, and enterprises’ end. Along with the innovative idea of NFV, the control plane is decoupled from the data plane, with the provision for a separate controlling software layer and a management plane enabling controllers with the capabilities of policy making and providing network intelligence.
Among components, the SDN overlay segment to hold the largest market size during the forecast period
An SDN overlay involves running a logically separate network or network component on top of existing infrastructure. The overlay optimizes network resources by distributing bandwidth into channels and allocating each channel to a particular device or service. In this setup, the current physical network is left untouched with networking devices and their configurations unchanged. On top of that network, SDN hypervisor-based networks are created; thereby, reducing major hardware expenses. The Software Defined Networking via overlay segment is expected to hold the largest market size in 2018 and projected to and expected to witness strong growth characteristics in the coming years.
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Among end users, the data center segment to hold the largest market size during the forecast period
A modern data center networking leverages the SDN framework to accommodate multiple data center tenants with demanding workloads and applications. Network traffic within data centers is leading to congestions due to high-performance workloads. SDN is quite effective in handling congestion related issues in data centers as it provides global visibility and control over the flows in a network. The data center segment is expected to hold a significant market share during the forecast period owing to the increasing demand for data centers in all growing industry verticals.
In the SDN market, the key and emerging market players include Arista (US), Big Switch (US), Cisco (US), Ciena (US), Cumulus (US), Dell (US), Extreme Networks (US), Huawei (China), HPE (US), Juniper Networks (US), Nokia (Finland), NEC (Japan), Nokia (Finland), Pluribus (US), VMware (US). These players have adopted various strategies to grow in the global SDN market.
Cisco has become a global leader in providing SDN solutions which it accomplished through significant R&D spending and hence, remain a distinguished player in the SDN market. The company has been profitable in data center switching market with its Application-Centric Infrastructure (ACI) portfolio. It has been keeping up with the pace of market through regular innovations and offering new products and solutions to the market. For instance, its product, ACI is an application-driven infrastructure that is beyond the basics of SDN. ACI has successfully delivered management automation, programmatic policy, and dynamic workloads, as it is built around the application and not the network. Moreover, Cisco’s acquisition of small scale startups (as a growth strategy) shows its efficiency in targeting the key technology players in the market.
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NEC is a global leader in networking that is committed to innovation. The company is working on innovating in OpenFlow and virtualization by collaborating with research labs and focusing on getting a fully integrated and cloud-based environment. Its SDN solutions provide features that are fully compatible with the cloud, are reliable and flexible. With many players in the SDN market, innovation is the key, and NEC has proved to be a pioneer with its work in creating scalable tactics, smart transformation, and a global vision of social value creation. Its business is present globally covering all major regions, including EMEA, APAC, North America, Central and South America, and China, serving various industries with its ICT solution for services providers, retail industry, enterprises, and solutions for government agencies.
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