Global Software Defined Networking Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2019–2028
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The Software-Defined Networking Market report has been segmented on the basis of solution, application, and region.
Global Software Defined Networking Market: Overview
“The Software Defined Networking Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.
Software-defined networking is an enhanced technology that offers service providers to supply highly programmable flexible networks using workflow automation.
This technology aims to make the network more effective and agile and enhance the control of the network by enabling service providers to give responses in less time to fluctuating business demands.
Software-defined networking is handled by customization, virtual and automated networks for efficient management of large data and to control network traffic.
Global Software Defined Networking Market: Dynamics
Growing usage of mobility, increasing network traffic, and complexity of the network are major factors expected to drive the growth of the global software-defined networking market.
In addition, increasing demand for merger of data centers, server virtualization, high adoption of cloud-based services, technology enhancement, and attractive offerings is other factors expected to drive the growth of the global software-defined networking market.
Moreover, the increasing need for efficient network architecture is another key factor projected to drive the growth of the global software-defined networking market. Furthermore, various benefits offered by software-defined networking technology include administrator to change rules of any network switch as per requirement, and also it allows blocking of specific packets.
These benefits are especially useful in cloud-based services. This is a key factor projected to drive the growth of the global software-defined networking market.
In addition, increasing adoption of this networking technology by a network administrator to deal with only centralized systems instead of individual devices and monitoring over the network and deployment of various security policies is another factor expected to drive the growth of the global software-defined networking market.
However, concerns related to security are a major factor expected to hamper the growth of the global software-defined networking market.
In addition, lack of knowledge about this technology among individuals is another factor expected to hamper the growth of the global software-defined networking market.
Global Software Defined Networking Market: Segment Analysis
Among the application segments, the cloud service provider segment is projected to account largest revenue share in the global software-defined networking market. In addition, cloud technology offers numerous advantages such as enhanced accuracy, efficiency, and lower prices.
This is another factor expected to drive the growth of the cloud service provider segment in the target market.
Global Software Defined Networking Market: Region Analysis
The North American market is expected to account for the highest revenue share in the global software-defined networking market.
Enhancement in cloud computing services, increasing permeation of smartphones, and the presence of well-established key players in countries in North America are factors expected to drive the growth of the global target market.
North America is followed by the market in the Asia Pacific due to the high adoption of this technology in countries such as India and China.
Global Software Defined Networking Segmentation:
Segmentation by Solution:
- Network Infrastructure
- Virtualization and Control Software
- Professional Services
- Network Services
Segmentation by Application:
- Government and Defense
- Consumer goods and Retail
- Cloud Service Provider
- Telecom Service Provider
Segmentation by Region:
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- IBM Corporation
- Cisco Systems, Inc.
- Juniper Networks, Inc.
- NEC Corporation
- Alcatel-Lucent S.A.
- VMware, Inc.
- Hewlett-Packard Company
- Google LLC
- Big Switch Networks
- Arista Networks
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