December 02, 2020
As per the business intelligence report titled ‘Global Software-Defined Networking Market Size study, By Solution and services (Physical Network Infrastructure, Virtualization, SDN Application, Integration and Deployment, Training and Maintenance and Managed Services), By Industry Vertical (BFSI, IT and Telecom, Consumer Goods, Defense, Healthcare and Others) and Regional Forecasts 2020-2027’ available with Market Study Report LLC, global software-defined networking market is anticipated to amass momentous revenues by the year 2027.
Research analysts claim that escalating demand for enterprise mobility solutions coupled with rising adoption of the product on personal devices such as smartphones and tablets for connection with corporate networks are augmenting the growth of global software-defined networking market size.
For the uninitiated, software-defined networking (SDN) is an approach that offers services providers with programmable flexible networks leveraging workflow automation.
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The ability of the technology to enhance efficiency as well as agility of a network, increasing network traffic, surging demand for mobility, and rising complexity of networks are impelling the product adoption, which in turn is stimulating the software-defined networking market outlook.
Additionally, acquisitions, mergers, and other strategic alliances by industry players along with rising focus towards introducing innovative products are further fueling the market growth. However, growing concerns regarding reliability of SDN networks is expected to restrain the industry expansion during the analysis timeframe.
Based on solution and services, global software-defined networking market is bifurcated into managed services, training & maintenance, integration & deployment, SDN application, virtualization, and physical network infrastructure. The end-user terrain of the industry comprises of healthcare, defense, consumer goods, IT & telecom, BFSI, and others.
From a regional point of view, North America software-defined networking market dominates the overall business sphere and is predicted to witness noteworthy traction through 2027. Increasing number of business operations, escalating demand for network virtualization, rising adoption of the solutions, and rapid digitization are fostering the expansion of the regional market. On the other hand, Asia-Pacific software-defined networking market is calculated to register the highest CAGR over 2020-2027.
Leading players that outline the global software-defined networking industry trends are Extreme Networks Inc., Pluribus Networks Inc., Nokia Corporation, Juniper Networks Inc., Ciena Corporation, Hewlett Packard Enterprise Company, Dell EMC, VMware Inc., Huawei Technologies Co. Ltd., and Cisco Systems Inc. among others.