As per MARKET Research Future, the global software-defined networking market is poised to surge at 42.41% CAGR during the review period (2018-2023). The study offers insights into the leading market players, segmental description as well as regional analysis and presents an assessment of their current market position, which in return will display the future aspects of the market.
Top Market Drivers & Key Challenges
The exponential growth in big data is has been an important part that is moderately driving the adoption of software-defined data centers across the globe in various domains such as IT, retail, BFSI and telecom.
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As software-defined infrastructure helps in faster implementation of automation processes smoothly in organizations, it has seen a drastic demand over the years, which has surged the market’s growth for the past five years. With looking it its high rate of acceptance, the global market for software-defined networking is anticipated to expand double-digit in the coming years.
At the same time, more factors such as complex network traffic patterns, swelling cloud computing services, the necessity for mobility services, the need for efficient infrastructure, and the advent of big data analytics are influencing the software-defined networking market growth.
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 Network Global Market – Segmentation
The MRFR study also includes a comprehensive segmental analysis of the global software-defined networking market, which has been conducted based on component, solution, organization size, end-user, solution, application.
In terms of component: Services, hardware components, and software are the segments. The services segment is forwardly categorized into support & maintenance service, managed service, professional service as well as consulting service, whereas the hardware component segment is also categorized into switched, route and more. In the last, the software segment is also further segmented into application software and software controller.
In terms of organization size: Large enterprise and SMEs are the segments. Where the former will endure outpacing the later during the review period. Whereas, the large enterprise segment is estimated to surpass a valuation of USD 35,000 Mn by 2023-end.
In terms of the application segment, the market included SD-LAN, security applications, SD-WAN and more. Wherein, the SD-WAN segment is might retain its leading position throughout the forecast period. The SD-WAN segment can also remain highly profitable over some years in the future. Meanwhile, the SD-LAN segment is set to unveil the fastest CAGR during the projection period.
In terms of solution, the market includes segments physical network infrastructure solution and of network virtualization & automation solution. Presently, the physical network infrastructure segment occupies top position by valuation. Meanwhile, the network virtualization & automation segment might also witness a comparatively higher CAGR over 2023.
In terms of the end-user segment, the market has been segmented into BFSI, government, retail, healthcare, IT & telecommunication, industrial and others. In terms of revenue, the IT and telecommunication segment commands the largest share of the market.
Software Defined Network Global Market- Regional Analysis
The vital regions covered under the report of the global software-defined networking market include Asia Pacific (APAC), the Middle East & Africa (MEA), Europe, and North America.
The market software-defined networking in North America is stood at a valuation of USD 2,959.4 Mn and further, it is projected to exhibit a CAGR of 42.94% during the estimated period. The factors such as earlier adoption of advanced technologies and the occurrence of leading technology companies in the U.S. and Canada are behaving as leverage for market players operating in the region. At the same time, these countries are also fulfilled with leading infrastructure, which allows seamless integration of advanced networking systems. Also, many of the U.S. based market players are active in the matter of investments in networking technologies, which is prospective to reflect favor gesture on the market in the forthcoming years.
Asia-Pacific region is estimated to be the firmest growing market Asia-Pacific is proposed to be the fastest-growing market for the future as well.
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- Technology Investors
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- OEM technology solution providers
- Cloud Service Providers
- Software Developers
- System Integrators
- Manufacturing Industry
- Government organizations
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