The global software defined networking market size is
estimated to reach USD 70.41 billion by 2024, according to a new report by
Grand View Research, Inc. Software defined networking (SDN) has witnessed a
surge in its popularity in the recent years and rightly so owing to the myriad
benefits it offers over the existing legacy infrastructure. The SDN solutions
provide centralized control and operational capabilities, which help the
network administrators and engineers to respond quickly and efficiently. The
SDN architecture comprises different tools and techniques, such as the
controller, switches forwarding, and backplanes, among others, that make the
systems more agile and flexible.
SDN acts as a bridge between the applications
and routers and switches to relay information and data between them. As they
provide a virtualized view of the network and storage, the SDN solutions help
in deploying applications and services at a fast pace. The demand for SD
solutions is anticipated to be on the rise as there is a growing necessity for
the increasing operability and bandwidth of the carrier networks for service
providers as well as large enterprises. The increasing data traffic due to
increased mobile devices, social media cloud computing, and even Internet of
Things (IoT) is expected to propel the data traffic in the coming years, which
will create a steep demand for enhanced networks.
The CapEX and OpEX reduction afforded by the
software defined networks, coupled with the pay-as-you-grow model, is helping
the demand growth. The increasing applicability in the data center
infrastructures and campus networks, as well as the presence of open source automation
tools such as OpenStack, will fuel the market growth in the coming years.
SD-WAN and convergence of SDN, NFV, and OpenFlow are the upcoming trends to
watch for that may shape the developing industry.
Browse full research report on Software
Defined Networking Market:
https://www.grandviewresearch.com/industry-analysis/software-defined-networking-sdn-market-analysis
Further key
findings from the report suggest:
- Software defined networking is anticipated to
find Wide Area Networks (WAN) as the major use case in the coming years.
Not only has SD-WAN been in the limelight of the SDN vendors for a long
period now but the industry is also ripe for the adoption of the software
defined WAN for enterprises which are looking to replace the existing MPLS
systems that had been de facto for most major organizations.
- The software defined networking market is
dotted by some major players including VMware, Alcatel-Lucent (Nokia),
International Business Machines, Cisco Systems, and Juniper. Other
prominent industry players are Plexxi, NEC Corporation, Google Inc.,
Huawei Corp., Hewlett-Packard, Brocade Communication Systems, Big Switch
Networks, and AT&T, among others. The emergence of new companies that
cater to specific niche clients or provide capabilities targeting
particular functionalities is also on the rise.
- The new product development, industry players’
concentration on research and development activities, and developing cost
effective products for a differential industry are the major strategic
plans adopted by the industry players. Also, there has been an increasing
focus on the partnership and collaborations in the industry. For example,
in March 2015, Brocade announced that it had completed the acquisition of
the SteelApp business unit from Riverbed Technology. The SteelApp product
line helped the Brocade data center deployments and enhanced the Vyatta
Platform offering for the NFV and SDN solutions.
Browse request sample of this report by
Grand View Research: https://www.grandviewresearch.com/industry-analysis/software-defined-networking-sdn-market-analysis/request/rs1
Grand
View Research has segmented the global software defined networking market on
the basis of end use, services, solutions, application, and region:
Software
Defined Networking End Use Outlook (Revenue, USD Million; 2014 - 2024)
- Enterprise
- Telecommunication
Service Providers
- Cloud Services
Provides
Software
Defined Networking Services Outlook (Revenue, USD Million; 2014 - 2024)
- Integration and
Deployment
- Training and
Maintenance
- Managed Services
Software
Defined Networking Solutions Outlook (Revenue, USD Million; 2014 - 2024)
- Physical Network
Infrastructure
- Virtualization/Control
Software
- SDN Application
Software
Defined Networking Application Outlook (Revenue, USD Million; 2014 - 2024)
- BFSI
- IT & Telecom
- Consumer Goods
- Government and
Defense
- Healthcare
- Others
Software
Defined Networking Regional Outlook (Revenue, USD Million; 2014 - 2024)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Middle East &
Africa (MEA)
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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