Global Software Defined Networking Market Size to grow USD 32.7 Bn in 2028
The Global Software Defined Networking Market Size was valued at USD 13.7 Bn in 2021. The market is projected to grow USD 32.7 Bn in 2028, at a CAGR of 19.4%.
SDN stands for software-defined networking, which is a networking architecture that separates network administration from fundamental network infrastructure. SDN enables administrators to alter network traffic flow in response to technical developments. The software-defined network reduces the complexity of statically specified networks while increasing the speed with which applications and services are installed. It also makes the setup and upgrading of network resources easier. To improve networking capabilities, SDN architecture is widely used in 5G infrastructure.
Request Free Sample To Learn More About This Report
The growing usage of software-defined networking among organizations to improve customer experience through numerous channels such as phone, video, mobile, web, and social media is driving the worldwide software defined networking market. Furthermore, the worldwide software defined networking market is fueled by an increase in multichannel communication approaches, significant improvements in the field of customer relationship management, and a surge in demand for personalized services. On the other hand, emergence of advanced technologies such as artificial intelligence, predictive analysis, cloud computing, and machine learning are expected to provide lucrative opportunities for the global software defined networking market growth during the forecast period. The increased deployment and integration of solutions across organisations, telecom service providers, and cloud service providers is to blame for this. Furthermore, the spike in demand for low-cost, high-efficiency services to cut operational costs has aided the professional services market's expansion.
With the proliferation of mobile devices and server visualisation, as well as the introduction of cloud computing technologies, businesses are being forced to rethink their traditional network designs. Traditional network architectures are often hierarchical and based on tiers of Ethernet switches. These networking frameworks were not designed to handle the dynamic compute and storage requirements of today's enterprise networks. As a result, businesses have been pushed to adopt new and complex networking technologies such as SDN. SDN solutions include a dynamic and flexible network architecture that can adapt to changing business, end-user, and market demands.
The physical network infrastructure segment is expected to dominate the market share of global software defined networking market owing to due to a surge in enterprise and communication service provider usage of software defined networking solutions to drastically reduce the time it takes to provide new software. The enterprises are expected to dominate the market share of global software defined networking market owing to the SDN solutions are used by enterprises to improve the scalability and flexibility of their network infrastructure. Furthermore, SDN solutions provide benefits such as centralized management, improved automation, increased network resilience and security, and improved user experience, which are some of the key causes driving enterprise adoption of SDN solutions. The IT & Telecommunications segment is expected to dominate the market share of global software defined networking market owing to the increasing adoption of solutions are being aggressively by organizations that have already established themselves in the sector to boost the efficiency of corporate operations.
Request Free Sample To Learn More About This Report
North America region is expected to dominate the market share owing to the adoption among organizations across various verticals in the region is growing and investing heavily in emerging technologies, such as IoT, big data, analytics, artificial intelligence, and cloud platforms. These technologies provide real-time analytics and streamlines the flow to software defined networking. Additionally, presence of major key players is also fueling the market growth of the global software defined networking market. Rapid industrialization in emerging economies like the United States and Canada has always been a beneficial component in facilitating rapid growth across a variety of business sectors. The region has advantageous networking standards and regulations, which aid in the growth of the software-defined networking market. For instance, AT&T has invested approximately USD 200 million in startups which is working on SDN technologies.
KEY INDUSTRY DEVELOPMENTS:
April 2022- Fortinet launches new FortiOS with new converged networking and enhanced security platform.
November 2019- Arista Networks launched Arista CloudEOS which features a cloud-native networking architecture. On the Kubernetes cluster, OS can now be deployed and utilised as a container.
June 2019- Big Switch Network announced getting to partnership with Mavenir are working with numerous customers to realize NFV deployments globally.
Read More Details On This Report: