The global software-defined networking market is expected to grow at a significant CAGR during the forecast period (2024-2031). Software-defined networking (SDN) is a networking technology that allows for a centralized, intelligence-based network control by generating a global picture of the network. It has reshaped networking design by allowing complex networks to be managed and controlled in a flexible manner using efficient resources and data traffic management. To provide a programmable network platform, software-defined networking separates the control plane and regulates network traffic routing from the data plane, which delivers traffic to the intended destination.
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Software-defined networking solutions provide end-users with ease of setup as well as flexibility for high scalability, which is one of the primary elements influencing their widespread adoption. SDN also supports customers achieve reduced operational expenditure by providing optimal capital expenditure (CAPEX) and increased energy efficiency. The developing economies provide chances for enterprises working in the global SDN industry, owing to their growing digital ecosystems and rapid data expansion. IT firms are rapidly migrating to cloud technology, and as a result, cloud service usage has skyrocketed around the world, propelling the expansion of software-defined networking systems.
As IT and business entity leaders investigate the benefits of application-level roles and events for functional efficiency and resiliency, the growth of software-defined networking is expected to accelerate during the forecast period. Cloud integration, network services automation, hybrid automation services, and short time-to-service are all included in the software-defined networking. Several companies are now developing network service applications for software-defined networks to extend the value of virtualization to an entirely new level.
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Market Coverage
- Segment Covered-
o By Component
o By Vertical
- Competitive Landscape: Cisco Systems, Inc., Hewlett Packard Enterprises, Inc., and Intel Corp., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Software Defined Networking Market – Segmentation
By Component
- SDN Infrastructure
- Software
- Services
By Vertical
- Consumer Goods and Retail
- BFSI
- Government & Defense
- Manufacturing
- IT Enabled Services
- Healthcare
- Others
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