Software Defined Networking Market Rising at 54% CAGR to 2024: Analysis of Top Key Players HP, Intel, Cisco, IBM, Big Switch Network, Juniper, Arista Network, Huawei, Extreme Networks, NEC Corporation, Pluribus, Plexxi

Software defined networking market has been gaining major momentum of late due to SDN being a technology that has been revolutionizing and bringing significant business value to the networking industry. The rise of cloud computing is also a factor accelerating the adoption of SDN. Cloud computing network has apparently come to offer the perfect usage scope for SDN to become a real-world application option. The vast scale, various needs and the large scope of cloud network have together posed a challenge for traditional network. However, SDN technology can work very well with cloud computing especially in terms of elasticity as SDN virtualizes the physical network to offer customized and richer services to the enormous number of cloud computing users. The software defined networking market is therefore anticipated to gain commendable growth avenues with the increasing scope for cloud computing. Global Software Defined Networking (SDN) Market is set to exceed USD 88 billion by 2024.

Request a sample of this premium report at https://www.marketstudyreport.com/request-a-sample/797218/

The increasing adoption of the cloud services and IT convergence is one of the primary factor that is driving the growth of the market. Over the past five years, a rapid surge in the adoption of cloud services has been witnessed. It is driven by its capabilities to provide enterprise wide array of resources they can utilize to scale, orchestrate, and support their operations. Cloud computing untethers the underlying infrastructure and applications, offering a level of dynamism that did not exist in traditional infrastructure. Furthermore, as the demand of cloud computing increases, it will increase the pressure on the network to cope with the flexibility, scalability and programmability of this virtualized model. This results in ample use-cases for SDN and will fuel the demand for SDN market solutions.

Besides, increasing adoption of the SDN solution among the telecom service provider is also fueling the market growth. The mobile traffic is increasing rapidly, and end-user needs are also evolving. This encourages telcos to pursue new network technologies to support the surge in the data traffic and connected nodes. To address these challenges of the traditional network infrastructure, SDN architecture is proposed. It can provide an efficient multi-tier network platform that decouples the data plane and network control and provides centralized control meeting the requirements of both evolving and future mobile networks. Cloud service providers are one of the major end-users of the SDN market solutions.

The manufacturing industry is estimated to witness substantial growth during the forecast timeline. The growth of the market is attributed to the increasing digitalization in the manufacturing industry and need to improve operational efficiency and reduce capital expenditure. SDN increases the operational flexibility of the manufacturing industry by allowing them to accelerate the application deployment and reduce the organization's IT cost by workflow automation. The approach also has the capability to reduce the capital expenditure by reducing the cost of switches, routers, and other hardware component. These are the major factors that are augmenting the demand for the SDN market among manufacturers.

Request a discount on standard prices of this premium report at https://www.marketstudyreport.com/check-for-discount/797218/

Asia Pacific SDN market is estimated to be the fastest growing region owing to the adoption of the cloud services. The investment by the telecom service providers in the region for enhancing the network infrastructure is also one of the primary factor driving the growth of the market. For instance, China's telecom giants - China Unicom, China Mobile, and China Telecom are set to invest more than USD 180 billion by the year 2023 on 5G infrastructure, which is estimated to augment the growth of the market. In addition, improved internet penetration, mobile subscription and adoption of smartphones are also estimated to back the growth of the SDN market.

Some of the major vendors present in the SDN market are AT&T, IBM, HP, Cisco, Big Switch Network, Intel, Juniper, Huawei, Arista Network, NEC Corporation, Extreme Networks, Pluribus, Pics8 and Plexxi. Mergers & acquisitions are set to be the most common strategies used by the market players to improve their product portfolio, gain technical expertise, and acquire workforce. For instance, in 2015, Cisco acquired Embrane, a data center SDN solution provider, to strengthen its position in virtualization and SDN market.

Table of Content:

Chapter 1. Methodology & Scope

Chapter 2. Executive Summary

Chapter 3. Global SDN Market Industry Insights

Chapter 4. Global SDN Market Competitive Landscape

Chapter 5. Global SDN Market, By Component

Chapter 6. Global SDN Market, By End-Use

Chapter 7. Global SDN Market, By Application

Chapter 8. Global SDN Market, By Region

Chapter 9. Global SDN Market Company Profiles

Outer scope of this report the present era cloud computing services makes it easier for users to buy a virtual machine, change the configuration on that virtual machine and use a variety of billing methods that is found to be most suitable. The software defined networking market is forging growing revenues from the fact that SDN is much more flexible and its network products can match the flexibility of using a virtual machine, something that older networks failed to do. With the support of SDN users of Virtual Private Cloud can customize cloud networks, choosing the private subnets and divide them further for convenience. In other words, SDN brings the power of cloud network self-management to the hands of users and is therefore garnering a more widespread market for the software defined networking industry.

For more information on this report, Please visit at: https://www.marketstudyreport.com/reports/software-defined-networking-sdn-market/?utm_source=OPR-SP

About Us:
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

Contact Us:
Market Study Report
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email:sales@marketstudyreport.com
Website:https://www.marketstudyreport.com
Blog: https://www.marketstudyreport.com/blog/

This release was published on openPR.