Global Software Defined Networking (SDN) Market to Grow Over $130 Billion by 2022: Acumen Research and Consulting
Author: Acumen Research and Consulting
According to a new report published by Acumen Research and Consulting titled “Software Defined Networking (SDN) Market (Solutions: Physical Network Infrastructure, Virtualization and Control Software, Professional Services, SDN Applications and Network Services; End-user: Telecom Service Providers, Cloud Service Providers, Enterprises; Vertical: IT, Consumer Goods, BFSI, Defense, Telecom, Healthcare, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2015-2022”, the global market for software defined networking (SDN) is projected to grow at a significant rate and reach the market value of over $130 billion by 2022. Increasing need for managing complex network infrastructures and changing network traffic patterns are majorly responsible for driving the demand of SDN market, globally. SDN solutions enable network managers to customize SDN applications to assist in management and optimization of network resources and provide an edge to organizations to effectively control their wide and complex networks. The global software defined networking market is expected to grow at an astounding CAGR of around 47% during the period from 2016 to 2022.
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Increasing cloud computing services, and demand for SDN in managing big data related to marketing, production, operations, and customer support services are other important factors driving the growth of this market. SDN architecture deploys centrally managed and directly programmable operations, thus allowing the security, management, and optimization of network resources in minimal time. For quick response to the rapidly changing business requirements, administrators and engineers use SDN to enable virtualization of physical networking devices. SDN plays a vital role in development and management of network infrastructure for big data by eliminating the complexity of manual administration using virtual resources. Therefore, the growing need for efficient infrastructure for networking among diverse organizations drives the growth of SDN market, worldwide.
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The global software defined networking market is segmented based on solutions, end-users, verticals, and geography. The SDN market based on solutions is segmented into four types, namely, physical network infrastructure, virtualization and control software, professional services, and SDN applications and network services. The end-user market segments include telecom service providers, cloud service providers, and enterprises. The industry vertical segments include IT, consumer goods, BFSI, defense, telecom, healthcare, and others. Based on geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the world (Latin America, Middle East and Africa).
Amongst the SDN solutions, physical network infrastructure accounted for the largest share of over 45% in 2015 and is expected to continue its dominance over the forecast period. The growth of this segment is attributed by the rapid shift of organizations from conventional network infrastructure to enhanced virtual networking infrastructure. These advanced networking solutions enable organizations to manage and minimize the overall IT infrastructure cost, which in turn, increases the adoption and popularity of such networking solutions and services. Enterprises was the largest revenue generating segment based on end users, and accounted for more than 40% share in 2015. Network and communication technologies have become core components for the proper functioning of all businesses. SDN offers virtual and centralized network infrastructure, which will contribute to the growth of market. Upcoming trends and technological advancements in enterprises such as use cloud computing services, mobile devices, BYOD (Bring Your Own Device), IoT (Internet of things), Big Data and others are expected to drive the growth of enterprise segment in SDN market. Increasing number of companies are looking forward to virtually managing their technology and resources with the help of SDN solutions. A reduction in the capital and operational cost with utilization of SDN technology is one of the major key factors driving the growth of the SDN market.
North America is presently the largest market for software defined networking solution and the trend is expected to continue over the analysis period. This region accounted for over 40% share in the global market in 2015 and is expected to register a growth of around 42% during the period from 2016 to 2022. Owing to the economic development and increasing adoption of advanced technologies across various industry sectors, Asia-Pacific is expected to be the fastest growing market for SDN.
Some of the leading companies operating in global software defined networking market include Hewlett Packard Enterprise Company, Dell Inc., Cisco Systems Inc., IBM Corporation, Juniper Networks Inc., NEC Corporation, Big Switch Networks Inc., Brocade Communications Systems Inc., VMware Inc., and Extreme Networks Inc. among others. Expansion in emerging markets, new product launches, and maintaining a diversified product portfolio are some important strategies implemented by market players to sustain market competition.
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