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.
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.
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Global Software Defined Networking (SDN) Market – Segmentation
MRFR has segmented its analysis into five key dynamics for the convenience of understanding;
- By Components: Comprises Solutions, and Services among others.
- By End-Users: Cloud Service Providers and Telecommunication Service Providers among others.
- By Organization Size: SMEs and Large Enterprises.
- By Verticals: Healthcare, BFSI, Manufacturing, Retail & Consumer Goods, IT & Telecommunication, Defence, and Government among others.
- By Regions: North America, Europe, APAC and the Rest-of-the-World.
Software Defined Networking Market – Regional Analysis
The North American region holds the largest market share in the global SDN market and is also expected to be the largest revenue generator owing to the continuous technological advancements in the region. The SDN market in North America is mainly driven by the U.S. and Canada owing to the vast developments in the field of technology and the presence of giant technology companies. Furthermore, substantial investments in R&D sector from the major players in this region is acting as a tailwind supporting the market to grow extensively. North America is estimated to continue with its dominance over the global SDN market.
The European region has acquired the next largest market share in the global SDN market. The resurging economy in the region is undoubtedly contributing to the market growth significantly, augmenting the uptake of SDN across the region. Attributing to the increased adoption of cloud technology and significant technological advancements alongside the increasing number of SMEs in the region, the Europe SDN market is expected to grow with a strong CAGR from 2017 to 2023.
The Asia Pacific region is emerging as one of the lucrative markets for the SDN, globally. Factors such as increasing urbanization and growing sectors such as healthcare, manufacturing, retail, and telecommunication backed by the improving economy in the region, foster the market growth. Owing to the presence of foreign players where software-defined networking is being deployed, the APAC SDN market is expected to post a remarkable CAGR during 2017-2023.
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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