Software Defined Networking (SDN) Market 2018 Global Leaders: Cisco Systems, Hewlett Packard Enterprise, IBM, Juniper Networks, Intersil, VMware, Big Switch Networks, Pica8, Huawei Technologies

Market Research Future published a research report on “Software Defined Networking (SDN) Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Highlights

Software defined networking market is estimated to exhibit high growth potential during the forecast period owing to rapid adoption of digital technology and increasing popularity of bring your own device and internet of things. Major driving factor in the growth of software defined networking market is the rapid adoption of software defined solutions and services. Growth of digitization is another major factor driving the growth of software defined networking market. Growing demand for innovations and increasing technological advancements is another major factor responsible for the growth of software defined networking market.

Cisco Systems and VMware are implementing software defined networking solutions and are also offering separate data centers for software defined networking solutions. This helps organizations in optimizing their business networks and increasing their overall productivity. Many telecommunication service providers are transforming their networks with the software defined networking technology in order to meet the increasing demand of data consumption.

According to Market Research Future Analysis, Software Defined Networking Market has been valued at approx. USD 61 Billion by the end of forecast period with 39% of CAGR during forecast period 2017 to 2023.

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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.

Software Defined Networking Market Segmentation

Software defined networking market has been segmented on the basis of component, end user, organization size and vertical. The end user segment is further bifurcated into cloud service providers, telecommunication service providers and enterprises. Out of which, cloud service providers sub segment is expected to hold the largest market share whereas the telecommunication service providers sub segment is expected to be the fastest growing during the forecast period. The telecommunication service providers help in boosting the network capacity and moreover offer a flexible bandwidth. This is one major reason for the telecom service providers to the fastest growing sub segment. It also helps in reducing network traffic congestions.

The major factor restraining the growth of software defined networking market is the governance and security standards and lack of awareness about the software defined services and solutions in the enterprises. Balancing the traditional technology with software defined networking is one major factor that could cause hindrance in the growth of software defined networking market.

Market Research Analysis:

North America is expected to dominate the market share of software define networking market which is attributed to the high developments in the field of technology and presence of developed countries such as U.S. and Canada in the region. The rising trend of bring your own device in the organizations is projected to serve as an emerging opportunity in the market. Heavy investments in R&D sector from the major players in this region is also helping the market to grow. Asia-Pacific is expected to be the fastest growing region and has a rich presence of foreign players where software defined networking is being deployed. Increase in cloud service providers is one major factor driving the growth of software defined networking market in this region.

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Intended Audience

• Technology Investors
• Research/Consultancy Firms
• OEM technology solution providers
• Cloud Service Providers
• Software Developers
• System Integrators
• Manufacturing Industry
• Government organizations

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