Major giants like Cisco Systems and IBM Corporation are implementing the software defined networking market owing to increasing demand from various industry verticals like BFSI, healthcare, manufacturing, IT & telecommunication and government among others. Increasing adoption of software defined networking solutions and services is one major factor fueling the growth of software defined networking market.
North America region holds the largest market share of global software defined networking market and also is expected to be the largest revue generator owing to the continuous technological advancements in the region. The growth in North America region is mainly dominated by U.S. and Canada. This owing to the presence of key players like IBM Corporation, Cisco Systems, Intel Corporation and Big Switch Networks in the region. The region also has a well-established infrastructure which allows seamless implementation of advanced technologies. Heavy investments in R&D sector from the major players in this region is also helping the market to grow.
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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, consumer goods and retail, IT and telecommunication, defense and government among others. Out of which, manufacturing sub segment is expected to grow at the fastest rate during the forecast period. This is owing to the rapid adoption of SDN solutions in order to optimize their networks.
Software defined networking is basically transformational technology which enables service providers to create highly programmable networks with the help of workflow automation. It helps in reducing operational costs and also helps in improving overall customer service life cycle. Software defined networking is a way to deal with computer networking that permits network administrators to manage network services through abstraction of lower-level functionality. It helps in overcoming the limitations associated with traditional network infrastructure. SDN plays a vital role in managing the typical networking infrastructure in the organization. This network can be managed by the implementation of customized, automated and virtual network, which can be used for data traffic management and for efficient management of big data. Flexible way of managing and controlling the complex network and efficient data traffic management and is one of the major reasons for the growth of software defined networking market.
The global Software Defined Networking Market is expected to grow at approx. USD 61 Billion by 2023, at 39% of CAGR between 2017 and 2023.
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 can be segmented on the basis of following:
- Software Controller
- Application Software
- Physical Appliances
- Training & Consulting
- Support & Maintenance
By End User
- Cloud Service Provider
- Telecommunication Service Provider
By Organization Size
- Large Enterprises
- IT & Telecommunication
- Defense & Government
- Consumer Goods & Retail
The regional analysis of software defined networking market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in software defined networking market in North America is attributed to technical advancements and increasing use of mobile devices, tablets and smartphones in that region.
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- Technology Investors
- Research/Consultancy Firms
- OEM technology solution providers
- Cloud Service Providers
- Software Developers
- System Integrators
- Manufacturing Industry
- Government organizations
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