A study conducted by Future Industry Insights projects that the software-defined networking sector will bring in USD 16 billion globally in 2021. It is projected that the market would expand at a 17.2% compound annual growth rate (CAGR) and reach a worth of US$95 billion by 2032. Among income-producing categories, SDN via Overlay is predicted to expand at the fastest rates, with a compound annual growth rate (CAGR) of around 17.8% between 2022 and 2032.
The number of items regularly connected to one another via public or private networks has significantly expanded in our technologically advanced environment. The demand created by networked items cannot be satisfied by traditional networking technologies.
Software-defined networking (SDN) is useful in this situation. Through the use of a centralized panel, a network administrator can quickly regulate data flow without having to touch switches or routers thanks to software-defined networking, which isolates a network’s management layer from its infrastructure and application layers.
Calling all Innovators: Gain an Unfair Advantage in the Software Defined Networking Market – Download Now
https://www.futuremarketinsights.com/reports/sample/rep-gb-2338
Network engineers and operators can respond instantly to shifting business demand thanks to SDN. Instead of using specialized appliances like firewalls and load balancers, which are often used in traditional networks, SDN employs a software program that uses the controller to govern the data plane.
The whole network and its physical devices are controlled by software under SDN. For networking gear to decide where to send data packets, software must be embedded into the hardware. SDN is now a next-generation networking solution as a result. In Software Defined Networking, the control layer and application layer are integrated using northbound APIs, and the decision to send data is made programmatically using southbound APIs.
Global Software Defined Networking Market: Drivers and Challenges
Technological advancements in cloud computing and data center are contributing immensely to the growth of the global Software Defined Networking market. Some of the big players in the market such as VMware and Cisco are offering separate Software Defined Networking solutions for the data centers.
Software Defined Networking deployment in the data center is reducing downtime and increasing the productivity of business organizations. In addition to this, increasing data consumption via mobile devices and growth in OTT services are putting enormous pressure on telecom service providers to digitalize their existing 3G and 4G networks.
To meet the increasing demand for data consumption, telecommunication service providers are transforming their networks with the help of Software Defined Networking technology.
Though Software Defined Networking facilitates network operators to control switches and routers through software it doesn’t virtualize functions and commands. In other words, Software Defined Networking doesn’t allow running the central network in software hardware.
Moreover, enterprises are still reluctant to adopt Software Defined Networking technology to some extent. They fear that services running on their existing network will get hampered.
Global Software Defined Networking (SDN) Market: Segmentation
Software-defined networking (SDN) Market can be segmented based on component, application, end-user, and region. The component categories include software and different types of services such as professional services and managed services. Based on application, the market can be segmented into SDN for data centers and SD-WAN.
Different types of end-user that are deploying SDN are cloud service providers, telecommunication service providers, and enterprises. Region-wise, the global software-defined networking (SDN) Market can be segmented into North America, Latin America, Asia Pacific, Japan, Eastern Europe, Western Europe, and Middle East & Africa.
Cisco System Inc. Hewlett Packard Enterprise, IBM Corporation, Juniper Networks, Pica8, Inc., Intel Corporation, and Big Switch Networks, Inc. are some of the big players in the global software-defined networking (SDN) market.
Regional Overview
North America is the largest Software Defined Networking market as most of the Software Defined Networking providers such as Cisco, IBM, and Hewlett Packard Enterprise are based in the North American region and are making huge investments there. Also, due to the ongoing advancements in 4G and 5G technologies in the US, telecommunication service providers are deploying SDN at every layer of their network.
In the Europe region, technology service providers have already understood the value proportion of SDN and have already started deploying Software Defined Networking in their networks but the enterprise market still remains gloomy in terms of the adoption of Software Defined Networking.
In the Asia Pacific region, growth in countries such as China, India, and Japan are immensely contributing to the market. In India, the telecommunication services industry is going through a transformation, and service providers have started to deploy Software Defined Networking technology at a massive scale.
Software-Defined Networking Market Segmentation
By SDN Type:
- Open SDN
- SDN via API
- SDN via Overlay
By End-User:
- Service Providers
- Enterprises
By Organization Size:
- Small & Medium Enterprises
- Large Enterprises
By Application:
- BFSI
- ITeS
- Education
- Retail
- Manufacturing
- Government & defence
- Healthcare
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
