Software Defined Networking (SDN) Market Is Expected To Reach US$ 23.95 Billion By 2025 |The Insight Partners

Advancement in Banking, Financial Service and Insurance sector anticipated to escalate the Software Defined Networking Market at a CAGR of 31.2%

Latest market study on “Software Defined Networking (SDN) Market to 2025 by Solutions ( Physical Network Infrastructure, Virtualization/Control Software, SDN Application and Professional Services), End-user (Enterprises, Telecommunication services Providers, Cloud Service Providers) and Industry Vertical (Banking & Financial Services and Insurance, Telecommunication & IT, Consumer Goods and Retail, Government & Defense, Manufacturing, Research & Academia and Others) – Global Analysis and Forecast”, the SDN market is estimated to reach US$ 23.95 Bn by 2025 from US$ 1.62 Bn in 2015. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

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Global Software Defined Networking market has been segmented based upon solutions, end-users and industry verticals. The solutions segment is further categorized into physical infrastructure, virtualization/control software, SDN applications and professional services. Whereas, the end-user segment is further divided into cloud service providers, enterprises, and telecommunication service providers. SDN market by industry vertical is segmented into Banking, Financial Services and Insurance (BFSI), telecommunication & IT, consumer goods and retail, government & defense, manufacturing, research & academia and others. Nearly all the industry verticals are progressively demanding software defined networking capabilities that improve the business operations and productivity while limiting security risks.

The growth in software defined technology throughout the industries has evolved due to emerging need of abstraction of data storages, servers and networks. Presently Telecom and IT sectors are the major contributor to the software defined networking market. However, in coming years banking industry is predicted to grow in terms of technological development. Today, every person can access their confidential account data through their mobile phones, and as the internet infrastructure gets robust, this sector is expected to spur, not only because of digitalization but also the security standards offered by the software defined networking solutions.

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Bank of America is one of the pioneers in financial sectors to integrate SDN with their present infrastructure. The company believes that, SDN is the upcoming future of today’s networking solutions.

Some of the major players influencing software defined networking market are Cisco, Inc., Huawei, Inc., IBM Corporation, Hewlett Packard Enterprise, Juniper Networks, VMware Inc., Cumulus Networks, NEC Inc., Broadcom Ltd., and Brocade Communication Systems among others

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The report segments the global SDN market as follows:

Global SDN Market – By Solution
• Physical Network Infrastructure
• Virtualization/Control Software
• SDN Application
• Professional Services

Global SDN Market – By End User
• Enterprise
• Telecom Carrier Service Providers
• Cloud Service Providers

Global SDN Market – By Industry Verticals
• Banking, Financial Services and Insurance
• Telecommunication and IT
• Consumer Goods and Retail
• Government and Defense
• Research and Academia
• Others

Global SDN Market – By Geography
• North America
• Europe
• Asia Pacific (APAC)
• Middle East & Africa (MEA)
• South America (SAM)

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Release ID: 167976