PUBLISHER: 360iResearch | PRODUCT CODE: 1470975
PUBLISHER: 360iResearch | PRODUCT CODE: 1470975
[195 Pages Report] The Software-Defined Networking Market size was estimated at USD 28.37 billion in 2023 and expected to reach USD 32.73 billion in 2024, at a CAGR 15.65% to reach USD 78.52 billion by 2030.
Software-defined networking (SDN) is a strategy for networking that utilizes software-based controllers or application programming interfaces (APIs) to communicate with underlying hardware infrastructure and direct traffic on a network. SDN enables networks to be intelligently and centrally controlled or programmed using software applications to help operators manage the entire network consistently and holistically, regardless of the underlying network technology. The increasing prevalence of network automation and virtualization among consumers, the surge in demand for cloud services, data center consolidation, server virtualization, and the need for cloud-based services in digital transformation are crucial factors accelerating market growth. However, the need for a skilled workforce, the rising complexity of SDN architecture, and the absence of standards for complete device control are the major factors that may limit the adoption by end-user sectors. Moreover, ongoing research and development to enhance the security of SDN, the rising demand for hybrid clouds, and the development of open-source SDN are expected to create new opportunities for the global software-defined networking (SDN) market.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 28.37 billion |
Estimated Year [2024] | USD 32.73 billion |
Forecast Year [2030] | USD 78.52 billion |
CAGR (%) | 15.65% |
Component: Foundational components for managing and controlling network
SDN infrastructure uses software controllers driven by application programming interfaces (APIs) to communicate with hardware infrastructure to direct network traffic. The SDN service providers deliver both professional and managed services. The professional services include appropriate consultation, implementation of the system, and the necessary SDN support services. SDN software and solutions such as physical network infrastructure, software-defined networking infrastructure, and virtualization & control software SDN allow the end users to configure, manage, secure, and optimize network resources quickly via dynamic, automated SDN programs.
SDN Types: Offering increased flexibility, scalability, and cost-effectiveness
Open SDN has a centralized control plane and utilizes OpenFlow for the southbound API of the traffic between physical or virtual switches and the SDN controller. API SDN requires an OpenFlow-enabled switch, which works well with traditional switches. SDN, through existing APIs, employs functions for networking devices through a remote connection using conventional methods, such as SNMP or CLI. The overlay model operates on an overlay network and offers tunnels with channels to solve data center connectivity issues.
Organization Size: Wide adoption to streamline their extensive network infrastructure
Large enterprises exhibit higher adoption of SDN owing to the rise in the implementation of new virtual machines to handle processing requests due to the need to accommodate Big Data. The growing demand for a customized approach, the rising need to make business more streamlined, and the increasing requirement to improve efficiency by shortening the time taken to troubleshoot a solution are expanding the use of SDN in SMEs.
End-User: Offering flexibility in addressing unique needs and challenges within different industries
An increase in the focus of enterprises on re-architecting their networking infrastructure to achieve automation, network security, and application performance is resulting in increased adoption of SDN. Cloud service providers widely employ software-defined networking as it provides ease and favorable conditions for using cloud computing. Telecommunication service providers also use SDN to improve carriers' ability, wired and wireless networks, to deliver bandwidth flexibly on demand.
Vertical: Robust networking solutions to support large-scale Industrial Internet of Things (IIoT) deployments and real-time data analytics
In the BFSI, energy & utility, manufacturing, transportation & logistics, and education sectors, SDN solutions reduce the cost associated with network infrastructure to check on the complete network from a single interface and allocate bandwidth for bandwidth high-priority applications. SDN can help government & defense organizations connect all their agencies under one network. SDN offerings can help the retail & consumer goods and travel & hospitality sectors to avoid traditional bottlenecks and augment the adjustability and programmability of their network. In the healthcare sector, SDN separates the network's intelligence from the data, allowing network administrators to monitor the devices on a network from one central site.
Regional Insights
The Americas is highly evolving in the software-defined networking market owing to the surge in adoption of advanced technologies across various industry verticals, rising adoption of cloud computing & mobility solutions, and increasing demand for network management due to significant network traffic. The increasing adoption of the internet, the vast population, and technological advancements taking place at a rapid rate are expected to help the industry grow. The Asia-Pacific is expected to grow at a rapid pace owing to many cloud-ready sectors in the Asian subcontinent and rising demand for cloud services, data center consolidation, and server virtualization. Expanding cloud-ready industries in Asian countries and increased awareness about the benefits of software-defined networking positively impact market growth. Software-defined networking in Europe is growing because of telecom operators' rising adoption of LTE/4G networks and the plan to implement 4G network services throughout the region.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Software-Defined Networking Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Software-Defined Networking Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Software-Defined Networking Market, highlighting leading vendors and their innovative profiles. These include Allied Telesis, Inc., Arista Networks, Inc., AT&T Inc., Broadcom Inc., CDW LLC, Ciena Corporation, Cisco Systems, Inc., Citrix Systems, Inc., Cloudflare, Inc., DataCore Software Corporation, Dell Inc., Extreme Networks, Inc., Fortinet, Inc., Fujitsu Limited, Google LLC by Alphabet, Inc., Hewlett Packard Enterprise Development LP, Huawei Technologies Co., Ltd., International Business Machine Corporation, Juniper Networks, Inc., Kyndryl Inc., Lenovo, Microsoft Corporation, NEC Corporation, Nokia Corporation, NVIDIA Corporation, Oracle Corporation, Perimeter 81 Ltd., Pica8 Inc., Ready Robotics Corporation, VMware, Inc., and Wipro Limited.
Market Segmentation & Coverage
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
1. What is the market size and forecast of the Software-Defined Networking Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Software-Defined Networking Market?
3. What are the technology trends and regulatory frameworks in the Software-Defined Networking Market?
4. What is the market share of the leading vendors in the Software-Defined Networking Market?
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