Software-Defined Networking (SDN) Market Projected to Hit USD 37.71 Billion at a 21.24% CAGR by 2030

[larry wilson]

The Software-Defined Networking Market is anticipated to reach 37.71 billion and show a CAGR of 21.24% from 2018 to 2030, according to Market Research Future (MRFR) (forecast period)

Because of how quickly the world is digitizing, the Software Defined Networking Market Share is being adopted at a significant rate. The size and complexity of network infrastructures have been growing quickly during the last few decades. Software-defined market solutions give traffic management flexibility, enhancing the operator's network effectiveness. In order to have an end-to-end network, better control, and more effective service management, CSPs all over the world have been investing in software defined networking technology.

The enormous growth in IoT device numbers is an opportunity for the SND sector. In recent years, there have been billions of IoT devices. And sufficient connectivity is required for these IoT devices. As a result, the market opportunities for software defined networking have greatly increased.

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The main obstacle in the market for software-defined networking is effectively transforming traditional infrastructure and current technology. Despite the fact that many vendors are interested in working with other SDN solution providers, some current traditional technology vendors have benefited from this issue.

As a result, investments and a high rate of opportunity-seeking have always boosted growth.

On the other hand, the Asia-Pacific area, particularly China and India, has undergone a significant digitization. As a result, it is anticipated that the Asia Pacific region's market would experience tremendous expansion throughout the projection period.

Key Players:

Intel Corporation
Pluribus Networks Inc. (US)
Hewlett Packard Enterprise Company(US)
Huawei Technologies Co. Ltd.
Cisco
Systems Inc. (US)
Juniper Networks Inc. (US)
NEC Corporation (Japan)
Pica8 Inc. (US)
IBM Corporation
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Market Segmentation:

The following categories are used to segment the software-defined networking market: - Components, SDN kinds, End-users, Expert services, Organization size, and Business verticals

The market is divided into SDN Infrastructure, Software, and Services based on its components.

The market is divided into Open SDN, SDN via overlay, and SDN via API based on SDN types.

The market is divided into Service providers and Enterprises based on the end-users.

The market is divided into three categories based on professional services: support services, implementation services, and consulting services.

The market is divided into two categories based on organisation size: large enterprises and SMEs.

The market is divided into the following categories based on enterprise verticals: manufacturing, BFSI, retail, ITeS, education, healthcare, government and defence, energy, and utilities; travel and hospitality; transportation and logistics.

By Components:

SDN Infrastructure
Software
Services
By SDN Types:

Open SDN
SDN via overlay
SDN Via API
By End-users:

Service providers
Enterprises
By Professional Services:

Support service
Implementation Service
Consulting Service
By Organization Size:

Large Enterprises
SMEs
By Enterprise Verticals:

BFSI
Retail
ITeS
Manufacturing
Education
Healthcare
Government and Defence
Energy and Utilities
Travel and Hospitality
Transportation and Logistics
By Regions:

North America
Europe
APAC
Latin America
Middle East and Africa (MEA)
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Regional Analysis:

North America is anticipated to have the largest growth in the worldwide Software Defined Networking (SDN) Market among the five regions of APAC, Europe, Latin America, and MEA. This market has significant room for expansion. The quick and widespread use of technologies like network function virtualization, cloud computing, mobility services, and BYOD is fueling the expansion of this region (bring your own device). The industrialization of the North American continent has always been rapid, making it the market for emerging technologies, particularly in the US and Canada. There are several significant market players in this area.

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About Market Research Future (MRFR):

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.

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