Market Overview
The Software-Defined Networking Market is expected to reach USD 37.71 Billion at a CAGR of 21.24% by the end of the forecast period. The fast digitization in worldwide regions accounts for the high rate of adoption in the Software Defined Networking Market Share. Network infrastructures have grown in size and complexity at a remarkable rate during the last few decades. Software-defined market solutions give traffic management more flexibility, allowing the operator's network to run more efficiently. As a result, CSPs all over the world are investing in Software Defined Networking technology to gain end-to-end network visibility, better control, and more efficient service management.
The covid-19 pandemic has revolutionized and impacted sectors all over the world. The outbreak's impact can also be noticed in the market and customer behavior. The epidemic has had an impact on society and the economy. Because of the virus's propagation, governments have been compelled to shut down for an extended length of time. As a result, numerous sports and activities have been rescheduled, and work-from-home and social isolation have become the norm. As a result of this situation, businesses are being forced to seek out new technologies that will assist them in selling on the internet.
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Regional Classification:
For the time being, North America dominates the worldwide market. APAC, on the other hand, is predicted to grow rapidly during the forecast period. During the predicted period, North America is expected to increase the most. The market in this region has a lot of strength to grow. The growing adoption of technologies such as network functions virtualization, cloud computing, mobility services, and bring your own device (BYOD) is propelling this region forward. The North American region has always had a high rate of industrialization and has always been a hotbed of technological innovation, particularly in the United States and Canada. There are several major market participants in this region. As a result, the region's Market Size has always been boosted by investments and a high rate of opening up to new prospects. On the other hand, the APAC area, particularly China and India, has experienced rapid digitization. As a result, the Asia Pacific region is likely to have significant market expansion over the forecast period.
Market Segmentation:
Based on the Components, the market is segmented into SDN Infrastructure, Software, and Services.
Based on the SDN types, the market is segmented into Open SDN, SDN via overlay and SDN Via API.
Based on the End-users, the market is segmented into Service providers and Enterprises.
Based on the professional services, the market is segmented into Support service, Implementation Service, and Consulting Service.
Based on the Size of the Organization, the market is segmented into Large Enterprises and SMEs.
Based on the Enterprise Verticals, the market is segmented into BFSI, Retail, ITeS, Manufacturing, Education, Healthcare, Government and Defence, Energy and Utilities, Travel and Hospitality, and Transportation and Logistics.
Based on Regions, the market is segmented into North America, Europe, Asia-Pacific (APAC), Latin America, and the Middle East and Africa (MEA).
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Industry News:
The major key players in the market are Intel Corporation, Pluribus Networks Inc., Hewlett Packard Enterprise Company, Huawei Technologies Co. Ltd., Cisco Systems Inc., Juniper Networks Inc., NEC Corporation, Pica8 Inc., IBM Corporation, Brocade Communications Systems Inc., Big Switch Networks Inc., Ciena Corporation, Ulak Communications, Dell EMC, Citrix, Arista Networks, Extreme Networks, Infovista, Scale Computing, DataCore Software, Pivot3, Hivel, Fujitsu, Lenovo, and Cumulus Network.
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