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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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.
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.
Software Defined Network Global Market – Segmentation
The software defined network market can be segmented in to 5 key dynamics for the convenience of the report and enhanced understanding;
- Segmentation by Component: Comprises Solution (Software, Physical Appliances), Services (Integration, Training & Consulting, Support & Maintenance).
- Segmentation by End User: Comprises Cloud Service Provider, Telecommunication Service Provider, Enterprises among others.
- Segmentation by Organization Size: Comprises SMEs, Large Enterprises among others.
- Segmentation by Vertical: Comprises BFSI, Healthcare, Manufacturing, IT & Telecommunication, Defence & Government, Consumer Goods & Retail, and others.
- Segmentation by Region: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
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Software Defined Network Global Market- Regional Analysis
North-America is dominating the global Software Defined Network market with the largest market share is due to technical advancements and increasing use of mobile devices, tablets and smartphones in that region and is expected to grow over its previous growth records by 2023. Software Defined Network market in Asia-Pacific market is expected to grow at a substantial CAGR during 2016 to 2023 due to rich presence of various telecom industry where software defined network is being deployed in this region. The European market for software defined network market is expected to grow at a considerable CAGR (2016-2023).
- Technology Investors
- Research/Consultancy Firms
- OEM technology solution providers
- Cloud Service Providers
- Software Developers
- System Integrators
- Manufacturing Industry
- Government organizations
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