Software Defined Networking Market Trends, Size & Share Report 2024-32

IMARC Group's report titled "Software Defined Networking Market Report by Component (Solution, Services), Organization Size (Small and Medium Enterprises, Large Enterprises), Application (Enterprises, Telecommunication Service Providers, Cloud Service Providers), End Use Industry (BFSI, IT and Telecom, Consumer Goods, Government and Defense, Healthcare, and Others), and Region 2024-2032". The global software defined networking market size reached US$ 24.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 110.7 Billion by 2032, exhibiting a growth rate (CAGR) of 18% during 2024-2032.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/software-defined-networking-market/requestsample

Factors Affecting the Growth of the Software Defined Networking Industry:

• Increasing Demand for Cloud Solutions:

Enterprises are shifting towards cloud services to achieve greater scalability, flexibility, and cost efficiency in their network management. Software-defined networking (SDN) plays a critical role in this transition by providing dynamic, manageable, and programmatically efficient network configurations. SDN enables more automated and agile network infrastructure by decoupling the network control plane from the data forwarding plane, which is essential for supporting the heavy data traffic and complex operations typical of cloud environments. This capability not only simplifies network management but also enhances the performance of cloud services, making SDN an indispensable component of modern data centers and cloud operations.

• Advancements in Network Technology and Standards:

Businesses require networks that are not only robust but also highly adaptable to rapidly changing technologies as digital transformation initiatives accelerate. SDN supports this need by enabling more flexible control of networking resources through software applications. The development and adoption of open standards are facilitating widespread implementation by ensuring compatibility and interoperability among different vendor equipment and software solutions. These advancements reduce the complexity and cost associated with traditional network management, encouraging more organizations to adopt SDN solutions. Moreover, the ongoing innovation in network functionalities, including network virtualization and automation, is driving the demand for SDN.

• Need for Improved Network Security and Efficiency:

SDN enhances network security by providing centralized control, which enables more effective monitoring and management of network traffic and quicker response to potential threats. This centralization allows for the implementation of consistent and comprehensive security policies across the entire network. Additionally, SDN improves network efficiency by optimizing network resource allocation, reducing operational costs, and minimizing human errors through automation. These benefits are crucial for organizations looking to protect sensitive data and ensure reliable network performance in the face of increasing cybersecurity challenges. The growing emphasis on network security and operational efficiency is encouraging organizations to adopt these technologies to safeguard their digital assets and optimize network operations.

Leading Companies Operating in the Global Software Defined Networking Industry:

• Arista Networks Inc.

• Cisco Systems Inc.

• Citrix Systems Inc.

• Cloudgenix Inc. (Palo Alto Networks Inc.)

• Cumulus Networks Inc. (Nvidia Corporation)

• Dell Technologies Inc.

• Extreme Networks Inc.

• Hewlett-Packard Enterprise Company

• International Business Machines Corporation

• Juniper Networks Inc.

• NEC Corporation

• Oracle Corporation

Software Defined Networking Market Report Segmentation:

By Component:

• Solution

  • Physical Network Infrastructure

  • SDN Controller

  • SDN Application

  • Others

• Services

  • Integration and Deployment

  • Training and Consulting

  • Support and Maintenance

Solution exhibits a clear dominance in the market attributed to its critical role in enabling organizations to streamline network management and operations efficiently.

By Organization Size:

• Small and Medium Enterprises

• Large Enterprises

Large enterprises represent the largest segment due to their higher capacity for investment and greater need for scalable, flexible networking solutions to manage extensive network infrastructures.

By Application:

• Enterprises

• Telecommunication Service Providers

• Cloud Service Providers

Cloud service providers hold the biggest market share accredited to their ability to manage and scale data center operations efficiently.

By End Use Industry:

• BFSI

• IT and Telecom

• Consumer Goods

• Government and Defense

• Healthcare

• Others

IT and telecom account for the majority of the market share, as these sectors require robust and flexible network infrastructures to support increasing data traffic and service diversification.

Regional Insights:

• North America: (United States, Canada)

• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)

• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

• Latin America: (Brazil, Mexico, Others)

• Middle East and Africa

North America dominates the market owing to the presence of major technology firms, high adoption of innovative technologies, and rising investments in network infrastructure upgrades.

Global Software Defined Networking Market Trends:

The advent of edge computing, which necessitates agile network infrastructures that can handle localized data processing close to the source of data generation, is offering a favorable market outlook. SDN facilitates the deployment and management of networks at the edge by enabling more precise control and faster configuration changes, which are crucial for edge computing scenarios involving real-time applications. Furthermore, as enterprises adopt multi-cloud strategies to avoid vendor lock-in and enhance their business continuity plans, SDN helps to simplify the complexity of connecting and managing multiple cloud environments seamlessly. This is achieved through centralized control and orchestration that spans across different cloud providers and platforms.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145