Global Software Defined Networking Market Projected to Surpass $84.86 Billion by 2029 with 21.2% Annual Growth

Which drivers are expected to have the greatest impact on the over the software defined networking market's growth?
The growth of the software defined networking market is anticipated to be driven by the escalating demand for cloud services. Cloud services, comprising a broad array of on-demand computing resources and applications accessible via the internet, are becoming increasingly popular. This rising demand is fuelled by organizations' necessity for scalable, cost-effective, and accessible computing resources that allow efficient data, applications, and IT infrastructure management. In the context of software-defined networking, cloud services enhance network adaptability and scalability, facilitate dynamic resource distribution, centralized administration, and effective service delivery. For example, in December 2023, Eurostat, a government organization based in Luxembourg, reported that 45.2% of businesses in the European Union implemented cloud computing services, a 4.2% increase from 2021. It's especially significant to note that the adoption of these services was exceptionally high amongst larger businesses, 77.6% of which reported purchases, a 6% rise compared to 2021. As a result, the surging demand for cloud services is fuelling the expansion of the software defined networking market.

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What is the future CAGR of the software defined networking market, and how will it impact industry expansion?
The market size of software-defined networking has seen a significant surge in growth recently. It is predicted to increase from $(32.51) billion in 2024 to $(39.39) billion in 2025, with a compound annual growth rate (CAGR) of 21.2%. Factors contributing to this considerable growth during the historic period include the demand for an integrated network management system, an increasing requirement for streamlined network management, advancements in network virtualization technologies, growing acceptance of virtualization technologies, and a surge in security hazards and threat attacks.

The market size of software defined networking is anticipated to witness a skyrocketing growth in the upcoming years, reaching $84.86 billion in 2029 with a compound annual growth rate (CAGR) of 21.2%. The surge during the projection period can be credited to the escalating demand for network automation, efficient network security solutions, network programming, the expansion of cloud computing, and a heightened emphasis on network analytics. Key trends during this period encompass the incorporation of artificial intelligence (AI) in networking, broadening of network automation capabilities, strategic collaborations, technological progressions, and proliferation of software-defined networking within the telecommunications industry.

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What are the most significant trends transforming the software defined networking market today?
Prominent entities within the software defined networking market are ramping up their efforts to pioneer new technologies, such as cloud-native SDN controllers. This tool is a network control plane that is purpose-built and optimized for use in environments that are heavily reliant on cloud-native structures. In particular, the European Telecommunications Standards Institute, a standardization institute based in France, launched its second iteration of TeraFlowSDN in February 2023. This is a revolutionary, fully-equipped software-defined cloud-native SDN orchestrator and controller. It is specially developed for transport networks, presenting an open-source, micro service-based, carrier-grade controller. It works with a range of network components and offers enhanced features to manage and orchestrate networks, making it incredibly valuable for the software-defined networking market.

Which key market segments comprise the software defined networking market and drive its revenue growth?
The software defined networking market covered in this report is segmented -

1) By Type: Open Software Defined Networking, Software Defined Networking Via Application Programming Interfaces (API), Software Defined Networking Via Overlay
2) By Component: Solution, Service
3) By Organization Size: Small And Medium Enterprises (SMEs), Large Enterprises
4) By Application: Banking, Financial Services And Insurance (BFSI), Information Technology Enabled Services (ITeS), Education, Retail, Manufacturing, Government And Defense, Healthcare, Other Applications

Subsegments:
1) By Open Software Defined Networking: OpenFlow-based SDN, Open-source SDN Solutions
2) By Software Defined Networking Via Application Programming Interfaces (API): API-based Network Controllers, Network Management and Automation Tools via API
3) By Software Defined Networking Via Overlay: Network Function Virtualization (NFV) Overlays, Virtual LAN (VLAN) and Virtual Private Networks (VPN) Overlays

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North America was the largest region in the software defined networking market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the software defined networking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the leading players fueling growth in the software defined networking market?
Major companies operating in the software defined networking market are Dell Technologies Inc., Huawei Technologies Co. Ltd., Cisco Systems Inc., Broadcom Inc., Hewlett Packard Enterprise (HPE), Nokia Corporation, VMware Inc., Palo Alto Networks Inc., Juniper Networks Inc., Arista Networks Inc., Fortinet Inc., Ciena Corporation, Citrix Systems Inc., Avaya Inc., F5 Networks Inc., Check Point Software Technologies Ltd., Nutanix Inc., Riverbed Holdings Inc., Extreme Networks Inc., Zscaler Inc., Silver Peak Systems Inc., Versa Networks Inc., Aryaka Networks Inc., Gigamon Inc., Masergy Communications Inc.

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What Is Covered In The Software Defined Networking Global Market Report?

•Market Size Forecast: Examine the software defined networking market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the software defined networking market for a structured understanding.
•Key Players Overview: Analyze major players in the software defined networking market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the software defined networking market.
•Segment Contributions: Evaluate how different segments drive overall growth in the software defined networking market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the software defined networking market.
•Industry Challenges: Identify potential risks and obstacles affecting the software defined networking market.
•Competitive Landscape: Review strategic developments in the software defined networking market, including expansions, agreements, and new product launches.

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