Market Overview:
The software defined networking (SDN) market is expanding continually at a rapid pace. The factors such as the increasing demand for SDN from various burgeoning industries such as Healthcare, BFSI, Manufacturing, Retail & Consumer Goods, and Telecommunications among others. Widening adoption of software-defined networking solutions and services is one of the key forces driving the market growth, escalating further to the ascending heights on the global platform.
Acknowledging the exponential growth, the market perceives currently; Market Research Future (MRFR) in its recently published study report asserts that the global Software Defined Networking Market is estimated to register a whopping CAGR of 42.41% throughout the forecast period (2017 – 2023).
Additional factors substantiating the market growth include advantageous features of SDN such as flexibility in managing and controlling the complex networks and efficient data traffic management. Simultaneously, growing demand for cloud-based services and increasing demand for mobility and server virtualization are some of the driving forces acting as a tailwind to the market growth. And, the last but by no means least, the BYOD trend in the organizations is fostering the growth of the SDN market, serving as an emerging growth opportunity to the market.
Software-defined networking is a seismic technology that allows service providers to develop highly programmable networks with the help of workflow automation. SDN also supports in reducing operational costs and also helps in improving the overall customer service lifecycle.
Similarly, the software-defined networking helps in overcoming the limitations associated with traditional network infrastructure playing an important role in managing the typical networking infrastructure in the organization.
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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.
Global Software Defined Networking (SDN) Market – Segmentation
The segmental analysis of the global software defined networking market has been conducted on the basis of organization size, component, application, solution, end-user and region.
Based on organization size, the market has been segmented into SMEs and large enterprise. The large enterprise segment currently accounts for the largest market share and is likely to retain its dominant position over the assessment period. By the year 2023, the segment is expected to reach a valuation of over USD 35,000 Mn.
Based on component, the market has been segmented into hardware component (router, switches and others), services (professional service, support & maintenance service, consulting service and managed service) and software (software controller and application software). The service segment is expected to post a CAGR of 45.70% during the assessment period and surpass a market valuation of USD 28,000 Mn by 2023-end.
Based on application, the market has been segmented into SD-WAN, SD-LAN, security applications and others. The SD-WAN segment is expected to remain highly profitable over the next several years. Meanwhile, the SD-LAN segment is set to exhibit the fastest CAGR during the forecast period.
Based on solution, the market has been segmented into physical network infrastructure solution, network virtualization & automation solution. The physical network infrastructure segment holds the dominant share of the market. In 2017, the segment stood at a valuation of USD 3,529.8 Mn. The network virtualization & automation segment is also expected to emerge as a highly attractive segment and capture a CAGR of 45.18% during the forecast period.
Based on end-user, the market has been segmented into retail, IT & telecommunication, healthcare, BFSI, industrial, government and others. Of these, the IT and telecommunication segment currently accounts for the majority of the market share in terms of revenue.
Software Defined Networking Market – Regional Analysis
On the basis of region, the global software defined networking market is segmented into North America, Latin America, Asia Pacific, the Middle East & Africa (MEA) and Europe. North America leads the global software defined networking market. Countries such as the US and Canada are home to some of the prominent technology companies, which gives the market in North America an edge. Moreover, the existence of an advanced networking infrastructure allows a seamless implementation of cutting-edge networking technologies. Other factors such as rampant investment in R&D and presence of a vast IT and communication sector are supporting the growth of the market in North America. By 2023, the market in the region is anticipated to touch a valuation of 24,800 Mn.
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