PUNE, India, Aug. 10, 2017 /PRNewswire/ -- Market Research Future published a half-cooked research report on "Global Software Defined Networking (SDN) Market Research Report - Forecast to 2023"– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Cisco Systems, Inc. (U.S.), Hewlett Packard Enterprise (U.S.), IBM Corporation (U.S.), Intel Corporation (U.S.), Juniper Networks (U.S.), Intersil (U.S.), VMware, Inc. (U.S.), Big Switch Networks (U.S.), Pica8, Inc. (U.S.), and Huawei Technologies Co. Ltd. (China) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Software Defined Networking (SDN) Market.
Software Defined Networking (SDN) Market – Overview
The Global Software Defined Networking (SDN) Market is growing with the rapid pace; mainly due to the increasing demand from various industry verticals. According to a recent study report published by the Market Research Future, The global market of Software Defined Networking (SDN) is booming and expected to gain prominence over the forecast period. The global software defined networking market is expected to grow at approx. 61 Billion USD by 2023, at a staggering double digit CAGR of 39% of between 2017 and 2023.
The aggrandizing growth of the SDN market is attributed to the augmented demand from various industry verticals like BFSI, healthcare, manufacturing, IT & telecommunication and government among others. Increasing adoption of software defined networking solutions and services is one of the major factors fuelling the growth of software defined networking market. Additionally, Flexible way of managing and controlling the complex network and efficient data traffic management is one of the major reasons for the growth of software defined networking market. Moreover, growing demand for cloud based services and increasing demand for mobility and server virtualization are other factors fostering the growth of software defined networking market. And last but by no means least, the rising trend of bring your own device in the organizations is projected to serve as an emerging opportunity in the market.
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Software defined networking is basically transformational technology which enables service providers to create highly programmable networks with the help of workflow automation. It helps in reducing operational costs and also helps in improving overall customer service life cycle. Software defined networking is a way to deal with computer networking that permits network administrators to manage network services through abstraction of lower-level functionality. It helps in overcoming the limitations associated with traditional network infrastructure. SDN plays a vital role in managing the typical networking infrastructure in the organization. This network can be managed by the implementation of customized, automated and virtual network, which can be used for data traffic management and for efficient management of big data. The technology has the potential to make significant improvements to service request response times, security, and reliability. It could also reduce costs by automating many processes that are currently done manually and by allowing IT departments to replace high-margin devices with commodity hardware.
While the physical network, encompassing datacentre switches, will still account for the largest single segment of the SDN market during the estimated period. Cloud computing and the 3rd Platform have driven the need for SDN
SDN Global Market – Competitive Analysis
Characterized by the presence of giant players like IBM Corporation, Cisco Systems, Intel Corporation and Big Switch Networks; the global SDN market is appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position. Vendors are focusing on improving their market performance and are expanding by acquiring promising companies in the fast-growing markets. Marketers employ a continuous improvement strategy to analyze and update the software, implementing improvements and launching new technologies to meet the changing needs of consumer. These marketers develop a well-established infrastructure that allows seamless implementation of advanced technologies. Heavy investments are transpired in R&D sector from the major players which is in turn helping the market to grow.
Software Defined Networking (SDN) Market – Segmentation
The SDN Market can be segmented in to 5 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Component: Comprises Solution, Services.
Segmentation by End User: Comprises Cloud Service Provider, Telecommunication Service Provider, and Enterprises.
Segmentation by Organization Size: Comprises SME and Large
Segmentation by Vertical: Comprises BFSI, healthcare, manufacturing, consumer goods and retail, IT and telecommunication, defence and government among others
Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Manufacturing sub segment is expected to grow at the fastest rate during the forecast period owing to the rapid adoption of SDN solutions in order to optimize their networks.
Software Defined Networking Market – Regional Analysis
North America region holds the largest market share of global software defined networking market and also is expected to be the largest revue generator owing to the continuous technological advancements in the region. North America SDN Market is dominated mainly by U.S. and Canada. Attributed to the high developments in the field of technology and presence of developed countries such as U.S. and Canada in the region, North America is expected to hold the hegemony of the global SDN Market. Heavy investments in R&D sector from the major players in this region is also helping the market to grow. Asia-Pacific is expected to be the fastest growing region and has a rich presence of foreign players where software defined networking is being deployed.
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