November 17, 2021
According to the research report titled ‘Software Defined Networking (SDN) Market Size By Component (Solution [Physical Network Infrastructure, SDN Controller, SDN Application], Service [Professional Service, Managed Service]), By End-Use (Enterprise [BFSI, Consumer Goods & Retail, Government & Defense, Healthcare, Manufacturing and IT Enabled Services], Cloud Service Provider, Telecom Service Provider), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, Australia, China, India, Japan, South Korea, Brazil, Mexico, GCC, North Africa), Growth Potential, Competitive Market Share & Forecast, 2019 - 2025’, available with MarketStudyReport, global software defined networking (SDN) market valuation is expected to exceed USD 100 billion by the end of the forecast period 2019-2025.
As per the report findings, mounting volume of connected endpoint devices and widespread use of server virtualization technologies are projected to drive global software defined networking (SDN) market growth over the projection timespan.
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Moreover, dynamic processing demands of new networking technologies are beyond the capabilities of most traditional network systems, thus compelling businesses to implement SDN solutions in their networks without compromising on performance or efficiency.
Furthermore, increasing manufacturer focus towards minimizing capital expenditure & operating costs, while boosting flexibility & efficiency of meeting customer demands will also propel industry development.
Based on component type fragmentation of worldwide software defined networking (SDN) market, physical network infrastructure solution segment accounted for 50% of the industry in 2018 due to its ability to control and coordinate data flow between several network pieces.
Meanwhile, professional services segment is predicted to capture a revenue share of 70% because of its easy implementation and integration of solutions among telecom operators, cloud service providers, and other organizations.
With respect to end-user scope, enterprises segment held 45% of the market share in 2018, owing to increasing awareness about the benefits of SDN technology such as high network resilience, centralized management, and improved user experience.
Considering the competitive landscape, Cisco Systems, Inc., Intel Corporation, AT&T Inc., Pluribus Networks, Inc., Huawei Technologies Co., Ltd., Pica8, Inc., Extreme Networks, Juniper Networks, Inc., Arista Networks, Inc., NEC Corporation, Plexxi Inc., Hewlett Packard Enterprise Co., and IBM Corporation, are the leading market players influencing global software defined networking (SDN) market trends.