January 21 2020
Market Research Future published a research report on “Software Defined Networking (SDN) Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
The software defined networking (SDN) market is expanding continually at a rapid pace. The factors such as the increasing demand for SDN from various burgeoning industries such as Healthcare, BFSI, Manufacturing, Retail & Consumer Goods, and Telecommunications among others. Widening adoption of software-defined networking solutions and services is one of the key forces driving the market growth, escalating further to the ascending heights on the global platform.
Acknowledging the exponential growth, the market perceives currently; Market Research Future (MRFR) in its recently published study report asserts that the Software Defined Networking Global Market is estimated to reach approximately 61 Bn. USD by 2023, registering a whopping 39% CAGR throughout the forecast period (2017 – 2023).
Additional factors substantiating the market growth include advantageous features of SDN such as flexibility in managing and controlling the complex networks and efficient data traffic management. Simultaneously, growing demand for cloud-based services and increasing demand for mobility and server virtualization are some of the driving forces acting as a tailwind to the market growth. And, the last but by no means least, the BYOD trend in the organizations is fostering the growth of the SDN market, serving as an emerging growth opportunity to the market.
Software-defined networking is a seismic technology that allows service providers to develop highly programmable networks with the help of workflow automation. SDN also supports in reducing operational costs and also helps in improving the overall customer service lifecycle.
Similarly, the software-defined networking helps in overcoming the limitations associated with traditional network infrastructure playing an important role in managing the typical networking infrastructure in the organization.
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The prominent players in Software Defined Networking Global Market are – 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.), Huawei Technologies Co. Ltd. (China) among others.
Global Software Defined Networking (SDN) Market – Segmentation
MRFR has segmented its analysis into five key dynamics for the convenience of understanding;
Software Defined Networking Market – Regional Analysis
The North American region holds the largest market share in the global SDN market and is also expected to be the largest revenue generator owing to the continuous technological advancements in the region. The SDN market in North America is mainly driven by the U.S. and Canada owing to the vast developments in the field of technology and the presence of giant technology companies. Furthermore, substantial investments in R&D sector from the major players in this region is acting as a tailwind supporting the market to grow extensively. North America is estimated to continue with its dominance over the global SDN market.
The European region has acquired the next largest market share in the global SDN market. The resurging economy in the region is undoubtedly contributing to the market growth significantly, augmenting the uptake of SDN across the region. Attributing to the increased adoption of cloud technology and significant technological advancements alongside the increasing number of SMEs in the region, the Europe SDN market is expected to grow with a strong CAGR from 2017 to 2023.
The Asia Pacific region is emerging as one of the lucrative markets for the SDN, globally. Factors such as increasing urbanization and growing sectors such as healthcare, manufacturing, retail, and telecommunication backed by the improving economy in the region, foster the market growth. Owing to the presence of foreign players where software-defined networking is being deployed, the APAC SDN market is expected to post a remarkable CAGR during 2017-2023.
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TABLE OF CONTENTS
List of Figures
FIGURE 1 GLOBAL SOFTWARE DEFINED NETWORKING MARKET: MARKET STRUCTURE
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 DRIVERS, OPPORTUNITIES AND RESTRAINTS ANALYSIS OF GLOBAL SOFTWARE DEFINED NETWORKING MARKET
FIGURE 4 VALUE CHAIN: SOFTWARE DEFINED NETWORKING MARKET
FIGURE 5 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL SOFTWARE DEFINED NETWORKING MARKET
FIGURE 6 GLOBAL SOFTWARE DEFINED NETWORKING MARKET, BY ORGANIZATION SIZE, 2017 VS 2023 (USD MILLION)
FIGURE 7 GLOBAL SOFTWARE DEFINED NETWORKING MARKET, BY COMPONENT, 2017 VS 2023 (USD MILLION)
FIGURE 8 GLOBAL SOFTWARE DEFINED NETWORKING MARKET, BY APPLICATION, 2017 VS 2023 (USD MILLION)
FIGURE 9 GLOBAL SOFTWARE DEFINED NETWORKING MARKET, BY SOLUTION, 2017 VS 2023 (USD MILLION)
Know More about this Report @ https://www.marketwatch.com/press-release/software-defined-networking-market-2019-global-size-share-emerging-trends-top-leaders-development-strategy-opportunities-sales-revenue-competitive-landscape-and-industry-outlook-2023-2019-02-21
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