Software Defined Networking Market to Grow at 27% During 2021-2026
Looking forward, IMARC Group expects the market to grow at a CAGR of around 27% during 2021-2026
According to the latest report by IMARC Group, titled, “Software Defined Networking Market Share : Global Industry Trends, Size, Growth, Opportunity and Forecast 2021-2026″, The global software defined networking market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 27% during 2021-2026
Software defined networking (SDN) refers to a network architecture solution that ensures workflow automation through software-based applications. It is customized to improve the agility and efficiency of networks and enables users to effectively control the network traffic and large volume of data. SDN architecture has numerous elements, including a controller for centralizing virtual and physical environments, a northbound Application Program Interface (API) for transmitting the data between the controller and the application, and a southbound API for transferring information between the individual switches and controller. It is more cost-effective, secure, and flexible as compared to the traditionally used networking systems. Consequently, SDN finds widespread application across various sectors, such as enterprises, telecommunication service providers, cloud service providers, etc.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Software Defined Networking Market trends:
The emerging trend of network infrastructure automation and the expanding adoption of Big Data analytics and cloud-computing services across several industries are among the key factors driving the software defined networking market. Additionally, the rising requirement for efficient networking solutions for adequate data center consolidation, enterprise mobility, and server virtualization is also augmenting the market growth. Besides this, the escalating adoption of Bring-Your-Own-Devices (BYOD) among the organizations to optimize the mobile workforce and manage and customize the data accessed by employees is acting as another significant growth-inducing factor. Apart from this, increasing integration of the Internet of Things (IoT) with connected devices, the development in the architecture to support the 5G infrastructure, and the growing investments to create open-source SDNs, are anticipated to stimulate the software defined networking market over the forecasted period.
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Global Software Defined Networking Market 2021-2026 Analysis and Segmentation:
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 and Oracle Corporation.
The report has segmented the market on the basis of region, component, organization size, application and end use industry.
Breakup by Component:
Physical Network Infrastructure
Integration and Deployment
Training and Consulting
Support and Maintenance
Breakup by Organization Size:
Small and Medium Enterprises
Breakup by Application:
Telecommunication Service Providers
Cloud Service Providers
Breakup by End Use Industry:
IT and Telecom
Government and Defense
Breakup by Region:
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
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Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021- 2026)
Porter's Five Forces Analysis
Market Drivers and Success Factors
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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