Software Defined Networking (SDN) Market is Expected to Reach $132.9 Billion by 2022
Jun 28, 2016, 09:30 ET
PORTLAND, Oregon, June 28, 2016 /PRNewswire/ --
According to a new report published by Allied Market Research titled, "World Software Defined Networking Market," the world software defined networking (SDN) market is expected to reach $132.9 billion by 2022, growing at a CAGR of 47% from 2016 to 2022. The growing need for efficient management of data traffic and centralized control of networks has encouraged communication providers to adopt SDN. Implementation of SDN has increased significantly across industries owing to the network complexities, cost and time efficiency, and flexibility in network infrastructure.
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To know more about the report, visit the website at https://www.alliedmarketresearch.com/software-defined-networking-market
SDN offers several benefits including programmable control over the network, management of wide and complex data traffic, reduced capital and operational cost on network equipment, and customized data control, which have encouraged organizations to adopt this technology. Increasing implementation of mobility services, huge data generation, wide data network, Internet of Things, and increasing need of flexibility in the network infrastructure across various verticals, such as IT, consumer goods & retail, BFSI, defense, healthcare, telecom, and others, further accelerate the growth of this market.
The solutions offered by SDN providers include physical network infrastructure, virtualization and control software, professional services, and SDN applications & network services. The physical network infrastructure accounted for 47.4% of the global market revenue in 2015, owing to its benefits of minimizing the complexity of network management through SDN-enabled switches, routers, and other network devices, while saving capital costs and operational expenses. Furthermore, virtualization and control software is expected to grow at the fastest CAGR of over 51% during the forecast period.
Enterprises are the major end users of SDN, accounting for about 43% of the global market revenue in 2015, followed by telecommunication service providers. However, the cloud service provider segment is estimated to grow at the highest CAGR during the forecast period due to the growth in use of cloud computing services by various organizations.
IT is the major industry that implements SDN. It accounted for around 22% share of the global market in 2015, followed by the telecom industry. Flexible delivery of network services, automated management of complex network, and rising trend of mobility services encouraged IT organizations to implement SDN. Consumer goods & retail is expected to grow at the highest CAGR over the forecast period.
North America is expected to dominate the SDN market due to adoption of advanced networking infrastructure, increased adoption of mobile devices, and favorable networking regulations and standards in the U.S. and Canada. Asia-Pacific is expected to be the fastest growing region on account of continuous upgrades in the networking infrastructure, and emerging trends of mobility services and Bring Your Own Device (BYOD) in the region.
Similar Report by Allied Market Research -
World Software Defined Data Center (SDDC) Market - Rising need for resource pooling has resulted in the demand for efficient data storage management and network simplification. Besides these drivers need to curb data related, computing and data storage related problems has also helped in the growth of the SDDC market.
View the Software Defined Data Center (SDDC) Market Report at https://www.alliedmarketresearch.com/software-defined-data-center-market
Key findings of the study:
- The SDN market is likely to grow at a high rate owing to complex network traffic patterns, growing need for mobility services, and increasing cloud computing services.
- The cloud service segment provider is expected to grow with the highest CAGR from 2016 to 2022.
- North America was the highest revenue-generating region in the SDN market in 2015.
Major players in the market include Dell Inc., Hewlett-Packard Enterprise, IBM Corporation, Cisco Systems, Inc., Juniper Networks, Inc., NEC Corporation, Brocade Communications Systems, Inc., Big Switch Networks, Inc., Extreme Networks, Inc., and VMware, Inc. Product launches and collaborations are the key strategies followed by these players to enhance their portfolio, cater to the growing needs of the consumers, and expand their geographical presence.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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SOURCE Allied Market Research
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