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

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.

Software Defined Network Global Market - Overview

The global Software Defined Network 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 market of Software Defined Network 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).

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The global Software Defined Network 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. 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.

Software Defined Networking Market Segmentation

The 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, retail, IT and telecommunication, defense and government among others. Out of which, the IT and telecommunication sub segment holds the largest market share in terms of revenue generation. This is owning to the increasing deployment of software defined networks in the vertical.

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.

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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