Software Defined Networking (SDN) Market to expand at a CAGR of 21.24% by 2030
Research Reports
Oct 11, 2023
Software-Defined Networking (SDN) Market Overview:
The global software-defined networking (SDN) market was estimated to be valued at USD 9.9 billion in 2022. The software-defined networking (SDN) market is expected to grow from USD 12.002 billion in 2023 to USD 38.12 billion by 2030. growth rate. compound interest rate (CAGR) of 21.24% during the forecast period (2023 – 2030).
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Key Players:
Key Companies in the Software Defined Networking (SDN) market include,
- Intel Corporation
- Pluribus Networks Inc. (U.S.)
- Hewlett Packard Enterprise Company (U.S.)
- Huawei Technologies Co. Ltd.
- Cisco Systems Inc. (U.S.)
- Juniper Networks Inc. (U.S.)
- NEC Corporation (Japan)
- Pica8 Inc. (U.S.)
- IBM Corporation
Software Defined Networking (SDN) requires separating the forwarding layer from the control layer in the network architecture, which enables efficient data flow management and provides network administrators with a software-based approach to network management. These are the main drivers of market growth. Significant reduction in investment and operating costs, growth in demand for cloud services, consolidation of data centers and virtualization of servers, demand for business mobility.
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Increasing productivity-based on-premises services, increasing capital investment in the SDN market space, and increasing benefits offered by SDN are the key factors driving the Software-Defined Networking (SDN) market. Additionally, increasing adoption of IoT, growing demand for hybrid cloud and growing open source SDN will create new opportunities for the Software Defined Networking (SDN) market beyond the above forecast. However, the main factors hindering the market growth are the lack of skilled manpower, the increasing complexity of SDN architecture and the growing lack of comprehensive management standards, while the transition from traditional networks to SDN is becoming more difficult and SDN network concerns. reliability increases. The Software Defined Network (SDN) market remains challenging during the above forecast period.
Market Segmentation:
Global Software Defined Networking (SDN) component-based market segmentation includes hardware components, services, and software. The software part consists of a control plane and a control plane.
On the basis of application, the global software defined networking (SDN) market segmentation includes open SDN, SDN via API, and SDN via overlay. The SDN overlay category generated the most revenue.
On the basis of solution, the global software defined networking (SDN) market data includes physical network infrastructure solutions, network virtualization and automation solutions.
On the basis of end users, the global Software Defined Networking (SDN) industry includes Retail, I.T. and Telecom, Healthcare, BFSI, Industry and Govt.
By region, the study provides a market overview of North America, Europe, Asia Pacific and rest of the world. This market will be dominated by the North American weight loss market. Internet penetration, large population and rapid technological development are expected to contribute to the growth of the industry. The Asia-Pacific Software Defined Network (SDN) market is expected to grow at the fastest CAGR during 2023-2030, as many cloud-based industries are located in the Asian subcontinent.
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In addition, visibility, scalability, quality of service and cost-effectiveness drive the adoption of a software-defined network approach for data security. In addition, China’s Software-Defined Networking (SDN) market held the largest market share and India’s Software-Defined Networking (SDN) market was the fastest growing market in the Asia-Pacific region.
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