Software defined networking market is estimated to exhibit high growth potential during the forecast period owing to rapid adoption of digital technology and increasing popularity of bring your own device and internet of things. Major driving factor in the growth of software defined networking market is the rapid adoption of software defined solutions and services. Growth of digitization is another major factor driving the growth of Software Defined Networking Market. Growing demand for innovations and increasing technological advancements is another major factor responsible for the growth of software defined networking market.
Cisco Systems and VMware are implementing software defined networking solutions and are also offering separate data centers for software defined networking solutions. This helps organizations in optimizing their business networks and increasing their overall productivity. Many telecommunication service providers are transforming their networks with the software defined networking technology in order to meet the increasing demand of data consumption.
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Software defined networking market has been segmented on the basis of component, end user, organization size and vertical. The end user segment is further bifurcated into cloud service providers, telecommunication service providers and enterprises. Out of which, cloud service providers sub segment is expected to hold the largest market share whereas the telecommunication service providers sub segment is expected to be the fastest growing during the forecast period. The telecommunication service providers help in boosting the network capacity and moreover offer a flexible bandwidth. This is one major reason for the telecom service providers to the fastest growing sub segment. It also helps in reducing network traffic congestions.
The major factor restraining the growth of software defined networking market is the governance and security standards and lack of awareness about the software defined services and solutions in the enterprises. Balancing the traditional technology with software defined networking is one major factor that could cause hindrance in the growth of software defined networking market.
According to Market Research Future Analysis, Software Defined Networking Market has been valued at approx. USD 61 Billion by the end of forecast period with 39% of CAGR during forecast period 2017 to 2023.
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 can be segmented on the basis of following:
– Software Controller
– Application Software
– Physical Appliances
– Training & Consulting
– Support & Maintenance
By End User
- Cloud Service Provider
- Telecommunication Service Provider
By Organization Size
- Large Enterprises
- IT & Telecommunication
- Defense & Government
- Consumer Goods & Retail
The regional analysis of software defined networking market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in software defined networking market in North America is attributed to technical advancements and increasing use of mobile devices, tablets and smartphones in that region.
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- Technology Investors
- Research/Consultancy Firms
- OEM technology solution providers
- Cloud Service Providers
- Software Developers
- System Integrators
- Manufacturing Industry
- Government organizations
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