Software Defined Networking Market High-Flying Market Size to Drive Big Profits in the Future | Arista Networks, Broadcom, Cisco Systems, Citrix Systems

Software-defined networking is a networking approach that enables network to be centrally and intelligently controlled or programmed with the help of software-based controllers or application programming interfaces (APIs) to make a network easier and flexible to manage. It optimizes the network resources and quickly adapts networks to changing applications, business needs, and data traffic.

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In addition, it delivers a wide range of business benefits such as enhanced ability to respond quickly to the issues and outages for improved network availability, increased flexibility & acceleration of time-to-market for new applications, and programmability for making networking simple for organizations to automate their network functions and reduce operating costs. Increase in adoption of cloud computing, surge in investments in software-defined networking/network function virtualization to reduce capital expenditures (CAPEX) and operating expenses (OPEX), and increase in need for mobility services are the major factors that drive the growth of the global software-defined networking market.

Governmental organizations are boosting their maintenance budgets for system infrastructure while simultaneously funding initiatives for project development, modernization, and enhancement. As a result of the investments' success, ICT vendors now annually set aside funding for the growth of the online market. Global ICT exports are anticipated to increase 3.9% on average year from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. Global supply has increased by 9.5% yearly since 2009. In terms of global ICT exports in 2021, Ireland came in first place with US$ 169. 32 billion. The rankings placed China at number 4, the United States at number 2, and India at number 3. Since 2009, Brunei has increased by 228.2% year over year, while Sierra Leone has decreased by 61.7% year over year.

By 2026, European ICT Revenue is likely to increase by 1.5% annually, from US$ 1,802,413 Million in 2021 to US$ 1,933,429 Million. The European market has increased by 3.1% annually since 2016. In terms of ICT Revenue in Europe in 2021, Germany came in first place with US$ 339,074 million. Positions 2, 3, and 4 in this ranking were held by the United Kingdom, France, and Ireland, respectively. Since 2016, Malta has increased by 16.5% year over year, while Italy has decreased by 0.2%.

Cloud computing and virtualization are enabling organizations to upgrade their networks with technologies such as software-defined networking to become flexible to respond varying IT and business requirements. To keep pace in the competitive environment, various companies are deploying software-defined networking technology to revolutionize their network operations and design. In addition, the outbreak of the COVID-19 pandemic has led to increase in bandwidth usage, which is increasing the adoption and upgrades of software-defined networking technologies. However, legacy network equipment issues and security risks due to centralized nature of data plane may hinder the market growth.

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On the contrary, rise in the implementation of IoT applications and intelligent edge and coordination of these advanced technology/applications with software-defined networking are anticipated to provide remunerative opportunities for the growth of the global market. In addition, rise in demand for software-defined networking due to the emergence of 5G network is expected to be opportunistic for software-defined networking the expansion of the market during the forecast period.

The global software-defined networking market is segmented into component, organization size, end user, industry vertical, and region. On the basis of component, the market is categorized into solutions and services. The solution segment is further segregated into physical network infrastructure, virtualization & control software, and SDN applications. The services segment is subsegmented into professional services and managed services. By organization size, the market is classified into large enterprises and small- & medium-sized enterprises. Depending on end user, it is fragmented into telecommunication service providers, cloud service providers, and enterprises. According to industry vertical, it is differentiated into IT, consumer goods & retail, BFSI, defense, telecom, healthcare, and others (media & entertainment, energy & power, and manufacturing). Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the software-defined networking market along with current trends and future estimations to elucidate imminent investment pockets.
- Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided in the report.
- Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of software-defined networking market for the period 2020-2027 is provided to determine the market potential.

KEY MARKET PLAYERS
- Arista Networks Inc.
- Broadcom Inc.
- Cisco Systems, Inc.
- Citrix Systems, Inc.
- Dell Technologies, Inc.
- Extreme Networks, Inc.
- Hewlett Packard Enterprise Development LP
- International Business Machines Corporation
- Juniper Networks, Inc.
- NEC Corporation

KEY MARKET SEGMENTS
BY COMPONENT
- Solutions
o Physical Network Infrastructure
o Virtualization & Control Software
o Software-defined Networking Applications
- Services
o Professional Services
o Managed Services

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BY ORGANIZATION SIZE
- Large Enterprises
- Small- & Medium-sized Enterprises

BY END USER

- Telecommunication Service Providers
- Cloud Service Providers
- Enterprises

BY INDUSTRY VERTICAL

- IT
- Consumer Goods & Retail
- BFSI
- Defense
- Telecom
- Healthcare
- Others

BY REGION
- North America
o U.S.
o Canada

- Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe

- Asia-Pacific
o Japan
o China
o India
o South Korea
o Rest of Asia-Pacific

- LAMEA
o Latin America
o Middle East
o Africa

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