IMARC Group, a leading market research company, has recently releases report titled “Software Defined Networking Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global software-defined networking market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the software-defined networking market?
The global software defined networking market size reached US$ 19.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 64.2 Billion by 2028, exhibiting a growth rate (CAGR) of 21.3% during 2023-2028.
What is software-defined networking?
Software-defined networking (SDN) represents a network architecture solution utilized for workflow automation via software-based applications. It is designed to improve the efficiency and agility of networks to allow users to control large volumes of data and network traffic. The SDN architecture is comprised of various elements, such as a controller to centralize physical and virtual environments, access points and firewalls, a southbound application program interface (API) to transmit information between the controller and the individual switches, a northbound API to transfer data between the controller and the application and policy engines, etc. Compared to traditionally used networking systems, SDN is more flexible and cost-effective and also ensures security over the entire network. Consequently, software-defined networking is employed by small, medium, and large enterprises across several industries, including defense, healthcare, IT, BFSI, etc.
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What are the growth prospects and trends in the software-defined networking industry?
The emerging trend of network infrastructure automation and the escalating adoption of cloud-computing services and big data analytics are among the primary factors driving the software defined networking market. In line with this, with the rising utilization of Bring-Your-Own-Devices (BYOD), various organizations are increasingly using SDN solutions for customizing and managing the data accessed by employees and optimizing the mobile workforce. This, in turn, is also catalyzing the market growth. Furthermore, several technological advancements, including the integration of the Internet of Things (IoT) with connected devices and the development of structures to support 5G infrastructures, are expected to fuel the software defined networking market over the forecasted period.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Component:
- Solution
- Physical Network Infrastructure
- SDN Controller
- SDN Application
- Others
- Services
- Integration and Deployment
- Training and Consulting
- Support and Maintenance
Breakup by Organization Size:
- Small and Medium Enterprises
- Large Enterprises
Breakup by Application:
- Enterprises
- Telecommunication Service Providers
- Cloud Service Providers
Breakup by End Use Industry:
- BFSI
- IT and Telecom
- Consumer Goods
- Government and Defense
- Healthcare
- Others
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- 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
- Oracle Corporation.
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