According to a market report, published by Sheer Analytics and Insights, the total global software defined networking market was valued at $10.3 billion in 2021 and it is expected to reach $89.9 billion at a CAGR of 20.9% between 2022 and 2032. Software-defined networking is very essential as it increases control with greater speed and flexibility, customizes network infrastructure, and provides robust security. There are three categories of a typical SDN architecture that might be located in various locations such as applications, controllers, and networking devices. The demand for software-defined networking is gradually increasing as many services and applications with the cloud-based program do not function without it. Therefore, this demand has driven the software-defined networking market growth over the last few years. Moreover, the software-defined networking solutions provide centralized control and operational capabilities which help the network administrators and other workers to respond rapidly and accurately. Additionally, the software-defined networking contains various tools and techniques such as switch forwarding, backplanes, the controller, and others. These tools and techniques provide a more agile and workable ability for the systems. The demand for virtualization, consolidation, and convergence is growing in IT organizations. These organizations are experiencing a lack of scalability, performance, and resiliency in their network infrastructure. The requirements of them are something more. Hence, this leads to the need for better network infrastructure for present and future business purposes. Thus, it is expected to witness a significant growth opportunity for the software-defined networking market in near future.
At present days, IoT is one of the emerging technologies and is being integrated with software-defined networking systems. It aims to link objects over the internet, while software-defined networking decouples the control plane and data plane by providing orchestration for network management. Therefore, some major players in the market are focusing on capitalizing by providing new products to gain more growth opportunities in the market. Moreover, the software-defined networking works as a bridge between the applications and the routers and it also helps deploy the applications and services at a very quick pace.
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However, in developing and emerging regions such as the Middle East, Africa, and Latin America, there is a presence of unskilled workers, which is expected to hamper the software-defined networking market throughout the upcoming periods. In modern days, software-defined networking solutions are trying to afford CAPEX and OPEX reductions, which can help the market to gain demand across the regions. Some other major factors such as data center infrastructures and campus networks, and open source automation tools would further propel the growth of the overall market during the forecast period. Key players from several regions are focusing on launching new and advanced technological products to expand their business growth.
According to the study, key players dominating the global software defined networking market are Cisco Networking Hardware Company (U.S), Dell EMC Storage Company (U.S), HPE Software Company (U.S), VMware Cloud Computing Company (U.S), Huawei Investment and Holding Co. Ltd. Telecommunications Equipment Company (China), Juniper Networks Corporation (U.S), Nokia Telecommunications Company (Finland), Oracle Corporation Computer Software Company (U.S), Citrix Systems Cloud Computing Company (U.S), Extreme Networks Equipment Company (U.S), InfoVista S.A Software Company (U.K), Western Electric Company (U.S), Pluribus Networks Company (U.S), Arista Networks Company (U.S), Palo Alto Networks Cyber Security Company (U.S), Nvidia Software Company (U.S), DataCore Software Company (U.S), Fortinet Cyber Security Company (U.S), Furukawa Group Company (Japan), Lenovo Consumer Electronics Company (China), NetApp Company (U.S), Pica8 Computer Software Company (U.S), Pivot3 IT Services Management Company (U.S), Scale Computing Company (U.S), Intel Semiconductor Company (U.S), IBM Technology Corporation (U.S), Arista Networks Company (U.S), among others.
The Global Software Defined Networking Market Has Been Segmented Into:
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