Software Defined Networking Controller Market - Overview
The global Software Defined Networking Controller Market is growing with the rapid pace is mainly due to Increasing adoption of software defined networking solutions and services is one major factor fuelling the growth of software defined networking market. According to a recent study report published by the Market Research Future, The global Software Defined Networking Controller Market is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 2023).
The global Software Defined Networking Controller Market is driven due to rapid adoption of Software Defined Network solutions that optimize its networks, are few factors which are propelling the growth of Software Defined Network market to the large extent. The companies like IBM Corporation, Cisco Systems, Intel Corporation and Big Switch Networks are investing in research & development of Software Defined Network. It helps the company in reducing operational costs and also helps in improving overall customer service life cycle.
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Software Defined Networking Controller Market – Segmentation
MRFR has segmented its analysis into five key dynamics for the convenience of understanding;
- By Components: Comprises Solutions, and Services among others.
- By End-Users: Cloud Service Providers and Telecommunication Service Providers among others.
- By Organization Size: SMEs and Large Enterprises.
- By Verticals: Healthcare, BFSI, Manufacturing, Retail & Consumer Goods, IT & Telecommunication, Defence, and Government among others.
- By Regions: North America, Europe, APAC and the Rest-of-the-World.
Key Players:
The prominent players in Software Defined Networking Global Market are – Cisco Systems, Inc. (U.S.), Hewlett Packard Enterprise (U.S.), IBM Corporation (U.S.), Intel Corporation (U.S.), Juniper Networks (U.S.), Intersil (U.S.), VMware, Inc. (U.S.), Big Switch Networks (U.S.), Pica8, Inc. (U.S.), Huawei Technologies Co. Ltd. (China) among others.
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Software Defined Networking Market – Regional Analysis
The North American region holds the largest market share in the global SDN market and is also expected to be the largest revenue generator owing to the continuous technological advancements in the region. The SDN market in North America is mainly driven by the U.S. and Canada owing to the vast developments in the field of technology and the presence of giant technology companies. Furthermore, substantial investments in R&D sector from the major players in this region is acting as a tailwind supporting the market to grow extensively. North America is estimated to continue with its dominance over the global SDN market.
The European region has acquired the next largest market share in the global SDN market. The resurging economy in the region is undoubtedly contributing to the market growth significantly, augmenting the uptake of SDN across the region. Attributing to the increased adoption of cloud technology and significant technological advancements alongside the increasing number of SMEs in the region, the Europe SDN market is expected to grow with a strong CAGR from 2017 to 2023.
The Asia Pacific region is emerging as one of the lucrative markets for the SDN, globally. Factors such as increasing urbanization and growing sectors such as healthcare, manufacturing, retail, and telecommunication backed by the improving economy in the region, foster the market growth. Owing to the presence of foreign players where software-defined networking is being deployed, the APAC SDN market is expected to post a remarkable CAGR during 2017-2023.
TABLE OF CONTENTS
1 Executive Summary
2 Market Introduction
2.1 Definition 18
2.2 Scope Of The Study 18
2.3 List Of Assumptions 19
2.4 Market Structure 19
3 Research Methodology
3.1 Research Process 21
3.2 Secondary Research 21
3.3 Primary Research 22
3.4 Forecast Model 24
4 Market Dynamics
4.1 Introduction 26
4.2 Drivers 27
4.2.1 Growing Adoption By Enterprises With Remote And Multiple Branch Office 27
4.2.2 Demand For Cloud Services, Data Centres, And Server Virtualization 27
4.2.3 Growing Business Needs For Mobility Services 27
4.3 Challenges 27
4.3.1 Lack Of Technical Expertise And Awareness Among Enterprises 27
Continued…
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Software-Defined Networking (SDN) Market: By Organization Size (SMEs and Large Enterprise), By Component (Hardware Component, Services and Software), By Application (SD-WAN, SD-LAN, Security Applications and Others), By Solution (Physical Network Infrastructure Solution, Network Virtualization and Automation Solution) and By End-User (Retail, IT & Telecommunication, Healthcare, BFSI, Industrial, Government and others) - Global Forecast till 2027OverviewThe software-defined networking (SDN) market is anticipated to witness healthy growth from 2018 to 2023, a research report suggests.
The growing threat from cyber-attacks on the other hand will challenge network management sector based organizations functioning in the global software-defined networking (SDN) market.
Analysts have studied the strategy of network management segment based organizations to help new entrants and established businesses.
To study the market, analysts have further segmented end-user, application, component, organization size, and solution into SMEs and large enterprises on the basis of organization size.
But the report also identifies the lack of awareness and dynamic policies and regulations as major threats companies in network management will face till 2027.
Regional OverviewNetwork management market based companies in the software-defined networking (SDN) market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world.
Market HighlightsAs per MARKET Research Future, the global software-defined networking market is poised to surge at 42.41% CAGR during the review period (2018-2023).
The study offers insights into the leading market players, segmental description as well as regional analysis and presents an assessment of their current market position, which in return will display the future aspects of the market.Top Market Drivers & Key ChallengesThe exponential growth in big data is has been an important part that is moderately driving the adoption of software-defined data centers across the globe in various domains such as IT, retail, BFSI and telecom.Get More Details of Report @ https://www.marketwatch.com/press-release/software-defined-networking-sdn-market-2020-covid-19-impact-analysis-development-strategy-sales-revenue-key-players-regional-trends-and-industry-outlook-2023-2020-06-16As software-defined infrastructure helps in faster implementation of automation processes smoothly in organizations, it has seen a drastic demand over the years, which has surged the market’s growth for the past five years.
With looking it its high rate of acceptance, the global market for software-defined networking is anticipated to expand double-digit in the coming years.At the same time, more factors such as complex network traffic patterns, swelling cloud computing services, the necessity for mobility services, the need for efficient infrastructure, and the advent of big data analytics are influencing the software-defined networking market growth.Key Players:The prominent players in Software Defined Networking Market are – Cisco Systems, Inc. (U.S.), Hewlett Packard Enterprise (U.S.), IBM Corporation (U.S.), Intel Corporation (U.S.), Juniper Networks (U.S.), Intersil (U.S.), VMware, Inc. (U.S.), Big Switch Networks (U.S.), Pica8, Inc. (U.S.), Huawei Technologies Co. Ltd. (China) among others.Global Software Defined Networking (SDN) Market – SegmentationThe MRFR study also includes a comprehensive segmental analysis of the global software-defined networking market, which has been conducted based on component, solution, organization size, end-user, solution, application.In terms of component: Services, hardware components, and software are the segments.
The services segment is forwardly categorized into support & maintenance service, managed service, professional service as well as consulting service, whereas the hardware component segment is also categorized into switched, route and more.
Whereas, the large enterprise segment is estimated to surpass a valuation of USD 35,000 Mn by 2023-end.In terms of the application segment, the market included SD-LAN, security applications, SD-WAN and more.
The SD-WAN segment can also remain highly profitable over some years in the future.
Global Software Defined Networking (SDN) Market is estimated to grow significantly in the years to come owing to its rigorous carrier efforts to adopt modern networking technologies.
This technology is used in several ways by different organizations including cloud computing & data centers, carriers, service providers and enterprise campuses.
However, lack of skilled staff and supremacy & strict security standards are the factors restraining overall market growth in the years to come.
On the basis of components, software defined networking market is divided into solutions and services.
In terms of end user, SDN market is split into cloud service providers, telecommunication service providers, and enterprise.
North America is expected to dominate software defined networking (SDN) market owing to the growing investment by telecom service providers to enhance infrastructure abilities to meet the rising network needs.
