May 07, 2020
According to the research report titled ‘Global SDN Orchestration Market Size study, by Component (Solutions, Services), By Organization Size (Large Enterprises, Small & Medium-Sized Enterprises (SMES)), By End User (Cloud Service Providers, Telecom Service Providers, Others) and Regional Forecasts 2019-2026’, available with Market Study Report LLC, global SDN orchestration market accrued USD 170 million in the year 2018 and is expected to grow with a CAGR of 70% during 2019-2026.
For the record, SDN (software defined networking) orchestration is the technique of programming the network behavior remotely which allows the network to synchronize smoothly with hardware and software component.
Increasing application of network visualization in large-scale data centers is one of the major factors driving the SDN orchestration market growth. SDN is an ideal approach to provide NaaS (Network as a Service) that enables flexibility of service models. It allows enterprises and virtual network operators to control data centers and the data traffic generated. Moreover, SDN orchestration offers network visualization and remote configuration of the network fabric which further helps in rapid implementation of new services while reducing the operating cost.
Rising adoption of could services and server virtualization along with increasing collaborations between data centers are propelling the market size. Data center consolidation allows efficient expenditure on operations by improving the use of database resources. Moreover, various telecom service providers are offering innovative services which in turn is stimulating the industry outlook. However, rising concerns pertaining to security in SDN orchestration may hinder the market growth.
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Considering the geographical landscape, North America SDN orchestration market is expected to record a robust CAGR through 2026, primarily due to growing demand for server virtualization and automation of networks.
On the other hand, Asia-Pacific market is reckoned to showcase momentous growth during the study period. Surging investments towards development of advanced SDN technologies in consort with rising number of data centers are complementing the business scenario in Asia-Pacific.
Cenx, Netcracker, Cisco Systems, Huawei, QualiSystems, Anuta Networks, Nokia, Ciena Corporation, Hewlett Packard Enterprise and Juniper Networks are the major contenders in global SDN orchestration market