According to the latest report by IMARC Group, titled “Software Defined Networking Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global software defined networking market reached a value of US$ 15.7 Billion in 2021. Software defined networking (SDN) is a network management solution that enables dynamic and efficient workflow automation through software-based applications. It involves a controller and application programming interface (API) to direct the networking traffic. The SDN architecture is designed to combine different virtual networks into a single physical network and efficiently control the routing of the data through a centralized server. As compared to traditional networking systems, SDN offers better control with greater speed and flexibility, improved network performance and monitoring, and enhanced security over the entire network.
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Global Software Defined Networking Market Trends:
The emerging trend of network infrastructure automation and the increasing demand for cloud services, data center consolidation, and server virtualization to enhance operational functionalities are majorly driving the global SDN market growth. In line with this, the introduction of the bring-your-own-devices (BYOD) working model in the corporate sector is facilitating the widespread adoption of SDN solutions to customize and virtually manage the data. Furthermore, various technological advancements, such as the integration of the internet of things (IoT) with connected devices, are acting as another growth-inducing factor. Apart from this, continuous investments in research and development (R&D) activities to launch fifth generation (5G) infrastructure and rapid digitization of existing third and fourth generation (3G and 4G) networks are creating a positive outlook for the market. Looking forward, the market is expected to grow at a CAGR of 23% during 2022-2027.
- Based on the component, the market has been divided into solutions (physical network infrastructure, SDN controllers, SDN applications, and others) and services (integration and deployment, training and consulting, and support and maintenance).
- On the basis of the organization size, the market has been bifurcated into small and medium enterprises (SMEs), and large enterprises.
- Based on the application, the market has been segmented into enterprises, telecommunication service providers, and cloud service providers.
- On the basis of the end use industry, the market has been classified into the BFSI, IT and telecom, consumer goods, government and defense, healthcare, and others.
- Region-wise, the market has been segmented into?North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
- The competitive landscape of the industry has also been examined,?with some of the key players being Arista Networks Inc., Cisco Systems Inc., Citrix Systems Inc., Cloudgenix Inc. (Palo Alto Networks Inc.), Cumulus Networks Inc. (Nvidia Corporation), Dell Technologies Inc., Extreme Networks Inc., Hewlett-Packard Enterprise Company, International Business Machines Corporation, Juniper Networks Inc., NEC Corporation and Oracle Corporation.
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