What is the global market size of Software Defined Networking Market?

Global Software Defined Networking Market size was valued at USD 41.60 Billion in 2021 and is poised to grow from USD 49.50 Billion in 2022 to USD 199.07 Billion by 2030, at a CAGR of 19% during the forecast period (2023-2030).

Global Software Defined Networking Market Size, Share, Growth Analysis, By End-use(Enterprise, and Telecommunication & Cloud Service Providers), By Services(Integration and Deployment, Training and Maintenance) - Industry Forecast 2024-2031

Report ID: SQMIG45E2149 | Region: Global | Published Date: March, 2024
Pages: 197 | Tables: 62 | Figures: 75

Global Software Defined Networking Market Insights

Global Software Defined Networking Market size was valued at USD 49.50 Billion in 2022 and is poised to grow from USD 58.91 Billion in 2023 to USD 236.88 Billion by 2031, at a CAGR of 19% during the forecast period (2024-2031).

The driving factors behind the growth of the SDN market is the increasing demand for cloud services and data center virtualization. As organizations adopt cloud computing and virtualization technologies, the need for dynamic and scalable networking solutions becomes paramount. SDN provides the ability to provision and manage network resources in a more efficient and flexible manner, aligning with the requirements of modern IT infrastructure. The SDN market includes the complexity of implementation and integration with existing network infrastructure. Organizations may face technical hurdles and require expertise to effectively deploy SDN solutions. Moreover, the lack of standardized protocols and industry-wide best practices can make interoperability and compatibility a challenge, leading to vendor lock-in. The global software-defined networking market aims to revolutionize traditional networking approaches by offering virtualization, automation, and centralized control. While driving factors such as cloud services and data center virtualization propel market growth, challenges including legacy infrastructure and security concerns hinder its wide-scale adoption. However, the market presents opportunities in areas such as SD-WAN and the convergence of 5G and IoT, opening avenues for the advancement and expansion of software-defined networking technologies.

Global Software Defined Networking Market Report Snapshots

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The global software defined networking market exhibits a competitive landscape with the presence of several key players and intense competition among them. These companies strive to gain a competitive edge by offering innovative SDN solutions, expanding their product portfolios, and focusing on strategic partnerships and acquisitions. companies focus on product differentiation, partnerships, and strategic acquisitions to stay competitive and cater to the growing demand for SDN solutions. The global SDN market is highly competitive, with key players striving to differentiate themselves through innovative solutions, broad product portfolios, strategic partnerships, and customer-centric approaches. The continuous advancements in SDN technologies and the increasing adoption of SDN across various industries drive the competitive landscape, urging companies to stay at the forefront of the market with their offerings. 'Cisco Systems (US)', 'VMware (US)', 'Juniper Networks (US)', 'Hewlett Packard Enterprise (US)', 'Dell Technologies (US)', 'Nokia Corporation (Finland)', 'Huawei Technologies Co., Ltd. (China)', 'Extreme Networks (US)', 'Ericsson (Sweden)', 'Arista Networks (US)', 'NEC Corporation (Japan)', 'Fujitsu Limited (Japan)', 'Ciena Corporation (US)', 'Riverbed Technology (US)', 'Palo Alto Networks (US)', 'ZTE Corporation (China)', 'Check Point Software Technologies (Israel)', 'Fortinet, Inc. (US)', 'British Telecom (UK)', 'BT Global Services (UK)'

The growing demand for cloud services acted as a major driver for the SDN market in 2022. As organizations continued to adopt cloud-based infrastructure and applications, the need for agile and scalable networking solutions became crucial. SDN offers the ability to dynamically provision and manage network resources, providing the flexibility and efficiency required in cloud environments. For example, major cloud service providers like Amazon Web Services (AWS) and Microsoft Azure implemented SDN solutions to optimize their network infrastructure and deliver seamless cloud services to customers.

Intent-Based Networking (IBN): IBN focuses on translating business intent into network policies and automating network operations accordingly. It enables network administrators to define high-level business objectives, and the network infrastructure automatically configures itself to meet those objectives. IBN simplifies network management, enhances network agility, and reduces human error. Major players in the SDN market, such as Cisco, launched IBN solutions to cater to the evolving demands of organizations seeking more intelligent and automated networking capabilities.

North America holds a prominent position in the global SDN market due to several factors. The region has a strong presence of key market players, including software and networking technology providers, which contribute to the extensive adoption of SDN solutions. Moreover, North American enterprises and service providers are quick to embrace technological advancements, seeking ways to enhance their network infrastructure and address the evolving demands of digital transformation. The region's mature IT ecosystem, robust connectivity infrastructure, and favorable regulatory environment further support the growth of the SDN market in North America.

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Global Software Defined Networking Market Size, Share, Growth Analysis, By End-use(Enterprise, and Telecommunication & Cloud Service Providers), By Services(Integration and Deployment, Training and Maintenance) - Industry Forecast 2024-2031

Global Software Defined Networking Market Insights

Global Software Defined Networking Market Report Snapshots

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