According to a research report “Software-Defined Networking Market by Offering (SDN Infrastructure, Software, and Services), SDN Type (Open SDN, SDN via Overlay, SDN via API, Hybrid SDN), Application (SD-WAN, SD-LAN, Security), End User, Vertical and Region – Global Forecast to 2028″ published by MarketsandMarkets, the global Software-Defined Networking market size is expected to grow from USD 24.5 billion in 2023 to USD 60.2 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 19.7% during the forecast period. The primary driver of SDN adoption is its ability to automate and simplify network management. By centralizing control, SDN minimizes manual configurations, reducing human errors and operational complexities. This automation not only streamlines processes but also significantly cuts down operational costs.
Browse in-depth TOC on “Software-Defined Networking Market”
292 – Tables
54 – Figures
280 – Pages
Make an Enquiry @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=655
The Hybrid SDN segment is expected to grow at the highest CAGR during the forecast period.
The major market driver for hybrid SDN is its ability to facilitate a smooth transition and compatibility with existing infrastructures. Hybrid SDN solutions allow businesses to integrate SDN capabilities into their legacy systems seamlessly. This compatibility ensures that businesses can leverage the benefits of SDN without disrupting their current operations, making it a preferred choice for industries where a gradual migration and coexistence of traditional and software-defined networking environments are essential.
The cloud service providers segment is expected to grow at the highest CAGR during the forecast period.
Cloud service providers require networks that can scale rapidly to accommodate varying workloads and user demands. SDN’s ability to automate scaling processes and efficiently allocate resources aligns with the dynamic nature of cloud environments. Cloud service providers operate vast data centers that host a myriad of applications, services, and content for businesses and consumers worldwide. SDN plays a pivotal role in these environments by enabling automated network provisioning, efficient traffic management, and seamless scalability.
Asia Pacific is likely to emerge as the fastest-growing segment during the forecast period.
Asia Pacific consists of major economies, such as China, India, Japan, Australia, and South Korea, which are gaining worldwide attention due to their rapid growth and advancements in all fields. The large population of Asia Pacific is a major traction to investors all over the world for attaining a large subscriber base. Data center deployments are complementary to the SDN technology, and with technological advancement, the SDN market is expected to grow exponentially.
Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=655
Market Players
The major vendors covered in the SDN market Cisco (US), Huawei (China), VMWare (US), Dell EMC (US), Juniper Networks (US), IBM (US), Ericsson (Sweden), Ciena (US), HPE (US), Nokia (Finland), Arista Networks (US), Extreme Networks (US), Comcast (US), Citrix (US), NEC (Japan), Oracle (US), Palo Alto Networks (US), NVIDIA (US), Fortinet (US), Fujitsu (Japan), HiveIO (US), Lenovo (Hong Kong), Pica8 (US), Scale Computing (US), Canopus Networks (Australia), Zeetta Networks (UK), Trustgrid (US), and COSGrid Networks (India).
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit https://www.marketsandmarkets.com/ or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/software-defined-networking-sdn-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/sdn-market.asp