Increasing Adoption of Internet-of-Things to Augment the Software Defined Networking Market Growth

Software Defined Networking Market Forecast : The global Software Defined Networking Market is expected to exhibit a CAGR of 61.5% during the forecast period (2019-2027)

𝗥𝗲𝗽𝗼𝗿𝘁 𝗣𝗮𝗴𝗲𝘀: [130 Pages]

Software defined networking (SDN) refers to a new approach to network configuration which enables programmatically efficient, flexible, and scalable network operation to enhance network monitoring and management, which makes it more similar to cloud computing. It provides a unified communication layer for centralizing workload across multiple devices. In comparison to traditional networking management, where there is typically a single network administrator or IT technician, software defined networking offers cost-effective management solutions with simplified setup, faster deployment, simplified control, and improved security.

𝗚𝗼 𝗳𝗼𝗿 𝗺𝗼𝗿𝗲 𝗱𝗲𝘁𝗮𝗶𝗹 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗮𝗯𝗼𝘂𝘁 𝗦𝗼𝗳𝘁𝘄𝗮𝗿𝗲 𝗗𝗲𝗳𝗶𝗻𝗲𝗱 𝗡𝗲𝘁𝘄𝗼𝗿𝗸𝗶𝗻𝗴 𝗠𝗮𝗿𝗸𝗲𝘁
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With Software defined networking, one does not need to deploy or manage various devices via the internet or other connection speeds. Rather, all tasks are handled through the network of a single, consolidated device. The most notable benefit is the simplified management of devices, which include both client computers and servers, simplifying troubleshooting online access. It also offers better power management, reducing the demand for additional, costly hardware such as routers and switches. Moreover, these switches can be configured centrally, which improves efficiency and lowers maintenance costs. This is because the entire system is centralized, requiring less time for configuration and less power for the controller.

𝐌𝐚𝐣𝐨𝐫 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐂𝐮𝐫𝐫𝐞𝐧𝐭 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲: Alcatel-Lucent, Huawei Technologies, Cisco Systems, Inc., Juniper Networks, NEC Corporation, IBM Corporation, Google Inc., VMware, and Hewlett Packard Company.

Market Dynamics:

Increasing investment in software defined networking by CSPs (communications service providers) is expected to propel the software defined networking market growth. For instance, in November 2020, BT, a telecommunications company, launched a new generation of cloud-optimized managed services with the first offering based on VMware's SD-WAN technology.

Moreover, the increasing adoption of Internet-of-Things (IoT) and increasing demand for software-defined networking for 5G is expected to offer lucrative growth opportunities for players in the software defined networking market.

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The software defined networking market is witnessing significant M&A activities. For instance, in October 2020, Vodafone-Idea teamed up with Nokia to launch software-defined networking services to increase the speed of deployment, flexibility, control and to securely access applications in a multi-cloud environment.

However, difficulties in transitioning from traditional network to software defined networking is expected to hamper the software defined networking market growth.

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