Software Defined Networking (SDN) Market 2019 Global Industry Size, Share, Trends, Sales Revenue, Competitive Landscape, Opportunity Assessment and Regional Forecast 2023

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.

Market Overview:

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 global Software Defined Networking 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.

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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.

Key Players:

The prominent players in software defined networking 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.

Software Defined Networking Market Segmentation

The software defined networking market has been segmented on the basis of component, end user, organization size and vertical. The vertical segment is further bifurcated into BFSI, healthcare, manufacturing, retail, IT and telecommunication, defense and government among others. Out of which, the IT and telecommunication sub segment holds the largest market share in terms of revenue generation. This is owning to the increasing deployment of software defined networks in the vertical.

Market Research Analysis:

North America is expected to dominate the market share of software define networking market which is attributed to the high developments in the field of technology and presence of developed countries such as U.S. and Canada in the region. The rising trend of bring your own device in the organizations is projected to serve as an emerging opportunity in the 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. Increase in cloud service providers is one major factor driving the growth of software defined networking market in this region.

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Intended Audience

• Technology Investors
• Research/Consultancy Firms
• OEM technology solution providers
• Cloud Service Providers
• Software Developers
• System Integrators
• Manufacturing Industry
• Government organizations

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future

Release ID: 492430