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According to the latest report by IMARC Group, titled “Software Defined Networking Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global software defined networking market exhibited strong growth during 2015-2020. 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.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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 around 27% during 2021-2026.
Market Summary:
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