Software-Defined Networking Market 2018 Global Size, Share, Emerging Trends, Top Leaders, Opportunities, Growth Factors and Regional Forecast to 2023

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Market Research Future published a research report on “Software-Defined Networking (SDN) Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Scenario:

Major giants like Cisco Systems and IBM Corporation are implementing the software defined networking market owing to increasing demand from various industry verticals like BFSI, healthcare, manufacturing, IT & telecommunication and government among others. Increasing adoption of software defined networking solutions and services is one major factor fueling the growth of software defined networking market.

North America region holds the largest market share of global software-defined networking market and also is expected to be the largest revue generator owing to the continuous technological advancements in the region. The growth in North America region is mainly dominated by U.S. and Canada. This owing to the presence of key players like IBM Corporation, Cisco Systems, Intel Corporation and Big Switch Networks in the region. The region also has a well-established infrastructure which allows seamless implementation of advanced technologies. Heavy investments in R&D sector from the major players in this region is also helping the market to grow.

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Software-defined networking market has been segmented on the basis of component, end user, organization size and vertical. The vertical segment is further bifurcated into BFSI, healthcare, manufacturing, consumer goods and retail, IT and telecommunication, defense and government among others. Out of which, manufacturing sub segment is expected to grow at the fastest rate during the forecast period. This is owing to the rapid adoption of SDN solutions in order to optimize their networks.

Software defined networking is basically transformational technology which enables service providers to create highly programmable networks with the help of workflow automation. It helps 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. SDN plays a vital role in managing the typical networking infrastructure in the organization. This network can be managed by the implementation of customized, automated and virtual network, which can be used for data traffic management and for efficient management of big data. Flexible way of managing and controlling the complex network and efficient data traffic management and is one of the major reasons for the growth of software defined networking market.

The global Software Defined Networking Market is expected to grow at approx. USD 61 Billion by 2023, at 39% of CAGR between 2017 and 2023.

Industry/Innovation/Related News:

September 15, 2018 – Versa Networks, Inc. (US), a stealth mode company focusing software-defined networking solutions announced its partnership with Mode, a software-defined core network (SD-CORE) start-up, to double up its take on enterprise networking.

The partnership is an evolution of SD-WAN/SD-CORE integration and is expected to bring immense benefits to the duo with a natural progression in software-defining and transforming private networks away from inflexible legacy and hardware-driven WANs. The synergy of a cloud-native WAN edge and software-defined core enabled rapid integration between Versa Secure SD-WAN and Mode SD-CORE.

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.

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.

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.

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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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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Name: Abhishek Sawant
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Organization: Market Research Future
Website: https://www.marketresearchfuture.com

Release ID: 454266

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Name: Abhishek Sawant
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Organization: Market Research Future
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