Software Defined Networking Market will reach a value of US$ 95 Bn from 2022 to 2032 at a CAGR of 17.2%

November 28, 2022November 28, 2022 ankush

According to Future Market Insights’ Software-Defined Networking Market research report, global sales of Software-Defined Networking Market in 2021 will be valued at US$ 16 Bn. With a projected market growth rate of 17.2% between 2022 and 2032, the market is expected to be worth US$ 95 billion by 2032. SDN via Overlay is expected to be the most elevated income producing segment, with a CAGR of around 17.8% between 2022 and 2032.

In this ever-changing technological world, there is a noticeable increase in the number of objects that are being connected on a daily basis via public or private networks. Traditional networking architectures are slow to respond to demand generated by networked objects.

This is where software-defined networking (SDN) comes into play. Software Defined Networking separates a network’s control layer from its infrastructure and application layers, allowing a network operator to easily manage data flow through a centralised console without touching switches or routers.

SDN allows network engineer and operators to response instantaneously to changing business demand. A traditional network generally uses special appliance such as firewall and load balancer, instead SDN usages a software application that usages the controller to manage data plane.

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In SDN, software control entire network and its physical devices. It’s about a software is integrated into networking hardware so that hardware can itself take decision about where to send data packets. It makes SDN next generation networking solution. Software Defined Networking usages northbound API to integrate control layer and application layer and uses southbound APIs to programmatically control data plane forwarding decision.

Global Software Defined Networking Market: Drivers and Challenges

Technological advancements in cloud computing and data center are contributing immensely in the growth of global Software Defined Networking market. Some of the big players of the market such as VMware and Cisco are offering separate Software Defined Networking solution for data center.

Software Defined Networking deployment in data center is reducing downtime and increasing productivity of business organizations. In addition to this, increasing data consumption via mobile devices and growth in OTT services are putting enormous pressure on telecom service providers to digitalize their existing 3G and 4G networks.

To meet increasing demand of data consumption, telecommunication service providers are transforming their networks with the help of Software Defined Networkingtechnology.

Though Software Defined Networkingfacilitates network operators to control switches and routers through software but it doesn’t virtualize functions and commands. In other worlds, Software Defined Networkingdoesn’t allow to run the central network in software hardware.

Moreover, enterprises are still reluctant to adopt Software Defined Networkingtechnology to some extent. They have fear that services running on their existing network will get hampered.

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Global Software Defined Networking (SDN) Market: Segmentation

Software defined networking (SDN) Market can be segmented on the basis of component, application, end-user, and region. Component category include software and different types of services such as professional services and managed services. On the basis of application, the market can be segmented into SDN for data center and SD-WAN.

Different type of end-user that are deploying SDN are cloud service providers, telecommunication service providers, and enterprises. Region wise, global software defined networking (SDN) Market can be segmented into North America, Latin America, Asia Pacific, Japan, Eastern Europe, Western Europe, and Middle East & Africa.

Cisco System Inc. Hewlett Packard Enterprise, IBM Corporation, Juniper Networks, Pica8, Inc., Intel Corporation, and Big Switch Networks, Inc. are some of the big players of global software defined networking (SDN) market.

Regional Overview

North America is the largest Software Defined Networking market as most of the Software Defined Networking providers such as Cisco, IBM, and Hewlett Packard Enterprise are based in the North America region and are making huge investment over there. Also, due to the ongoing advancements in 4G and 5G technologies the US, telecommunication service providers are deploying SDN at every layer of their network.

In Europe region, technology service providers have already understood the value proportion of SDN and have already started deploying Software Defined Networking in their networks but enterprise market still remain gloomy in terms of adoption of Software Defined Networking.

In Asia Pacific region, growth in countries such as China, India, and Japan are immensely contributing in the market. In India, the telecommunication services industry is going through the transformation and service providers have started to deploy Software Defined Networking technology at massive scale.

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Software-Defined Networking Market Segmentation

By SDN Type: