Software Defined Networking Market Growth by Top Key Players like Cisco, Intel, AT&T, Pluribus, Pluribus, Huawei, Pics8, Extreme Networks, Juniper

Software defined networking market size is forecast to exceed a valuation of USD 100 billion by 2025. With incessant efforts undertaken by the tech giants to unlock software-based technology potentialities in telecommunication industry, which has, of late, become more insight driven, SDN market demand is claimed to be on a robust incline. In fact, looking at the pace of advancements and expansion in its application spectrum, this particular business vertical is deemed to be one of the most fascinating spheres to watch unfold, claim analysts.

The banking sector in particular, has witnessed a significant transformation due to technology innovations and improved methodologies. From the technical point of view, currently, for gaining more profit, banks have been implementing complex computing architectures, data center sets, and vendor relationships. For instance, recently, online tabloids were ablaze with the news of Malaysian banks wanting to implement digitalization, owing to which they have been planning to invest in the latest technologies over the coming three years. More than 50% of Malaysia based banks apparently, are looking forward to inking agreement deals with leading players in software defined networking market. The initiatives taken by banks to enhance their technological and digital capabilities for efficient and accurate financial offerings are likely to have a remarkable impact on APAC software defined networking industry share.

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Tremendous technological interventions in the telecom sector have evidently narrowed the gap between developing and developed nations, giving software defined networking market players lucrative opportunities to extend their geographical reach. However, considering the immense investments by U.S. telecom service providers in software defined networking, the regional software defined networking industry has undoubtedly turned out to be hotbed for potential investors.

Say for instance, Orange Business Services has recently teamed up with one of the leading behemoths in the software defined networking market - Cisco, to develop intent based networking with the help of artificial intelligence. Through this partnership, the firm is also looking forward to encouraging customers to incline toward digitalization and cloud with the adoption of new age software facilities. Numerous other companies are apparently implementing visualization technologies like SDN to speed up their digital transformation with reliability, agility, and cost effectiveness, fueling the commercialization graph of software defined networking industry. Driven by the growing adoption rate of virtualized solution across several sectors including retail, government, banking, healthcare, IT services, and consumer goods, software defined networking market size has been forecast to grow tremendously over the years ahead.

Speaking on similar lines, merely a year before, the internet behemoth Google, penetrated Asia software defined networking market with the intent of transforming the telecom sector with SDN based platforms. In this regard, the firm had already collaborated with Indian telecom operator, Bharti Airtel and the South Korea based SK Telecom. According to the tech magnate, the deployment of SDN based platforms will help telecom networks in the region to adopt new services and traffic patterns very effectively. In addition, the Indian government is also contributing toward the improvement of telecommunication facilities across the country. Recently, under the Smart City Program, the Pune Municipal Corporation collaborated with Google, IBM, RailTel, and L&T to provide Google Station WiFi facility in the city. In essence, the shifting trends toward data revolution are certain to boost India software defined networking market size over the years ahead.

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