Press release
Software Defined Networking (SDN) Market 2018 by Global Leaders: Big Switch Networks, VMware, Juniper Networks, Intersil, Intel, IBM, Hewlett Packard Enterprise, Cisco Systems, Pica8
Market Scenario:
Major giants like Cisco Systems and IBM Corporation are implementing the software defined networking market owing to increasing demand from various industry verticals like BFSI, healthcare, manufacturing, IT & telecommunication and government among others. Increasing adoption of software defined networking solutions and services is one major factor fueling the growth of software defined networking market.
North America region holds the largest market share of global software defined networking market and also is expected to be the largest revue generator owing to the continuous technological advancements in the region. The growth in North America region is mainly dominated by U.S. and Canada. This owing to the presence of key players like IBM Corporation, Cisco Systems, Intel Corporation and Big Switch Networks in the region. The region also has a well-established infrastructure which allows seamless implementation of advanced technologies. Heavy investments in R&D sector from the major players in this region is also helping the market to grow.
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Software defined networking market has been segmented on the basis of component, end user, organization size and vertical. The vertical segment is further bifurcated into BFSI, healthcare, manufacturing, consumer goods and retail, IT and telecommunication, defense and government among others. Out of which, manufacturing sub segment is expected to grow at the fastest rate during the forecast period. This is owing to the rapid adoption of SDN solutions in order to optimize their networks.
Software defined networking is basically transformational technology which enables service providers to create highly programmable networks with the help of workflow automation. It helps in reducing operational costs and also helps in improving overall customer service life cycle. Software defined networking is a way to deal with computer networking that permits network administrators to manage network services through abstraction of lower-level functionality. It helps in overcoming the limitations associated with traditional network infrastructure. SDN plays a vital role in managing the typical networking infrastructure in the organization. This network can be managed by the implementation of customized, automated and virtual network, which can be used for data traffic management and for efficient management of big data. Flexible way of managing and controlling the complex network and efficient data traffic management and is one of the major reasons for the growth of software defined networking market.
The global Software Defined Networking Market is expected to grow at approx. USD 61 Billion by 2023, at 39% of CAGR between 2017 and 2023.
Industry News
5 March 2017 - Cisco and IBM announces their new Versa Stack solution that helps organizations to reduce the complexity and automate processes of delivery of applications. It also includes hybrid cloud capabilities and the latest software defined storage technologies to address cloud-scale applications.
December 18, 2015 – NEC Corporation, a global leader of leaders in Software Defined Networking (SDN) and NF, had announced its collaboration with Intel Corporation to develop the Cloud-Radio Access Network solution for virtualizing the functions of mobile base stations.
November 17, 2015 – Cisco system Inc. has introduced software and developer tools for cloud-scale networking that enable service providers and web companies to deliver cloud applications.
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 Network Global Market - Segmentation
The software defined network market can be segmented in to 5 key dynamics for the convenience of the report and enhanced understanding;
• Segmentation by Component: Comprises Solution (Software, Physical Appliances), Services (Integration, Training & Consulting, Support & Maintenance).
• Segmentation by End User: Comprises Cloud Service Provider, Telecommunication Service Provider, Enterprises among others.
• Segmentation by Organization Size: Comprises SMEs, Large Enterprises among others.
• Segmentation by Vertical: Comprises BFSI, Healthcare, Manufacturing, IT & Telecommunication, Defence & Government, Consumer Goods & Retail, and others.
• Segmentation by Region: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Software Defined Network Global Market- Regional Analysis
North-America is dominating the global Software Defined Network market with the largest market share is due to technical advancements and increasing use of mobile devices, tablets and smartphones in that region and is expected to grow over its previous growth records by 2023. Software Defined Network market in Asia-Pacific market is expected to grow at a substantial CAGR during 2016 to 2023 due to rich presence of various telecom industry where software defined network is being deployed in this region. The European market for software defined network market is expected to grow at a considerable CAGR (2016-2023).
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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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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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