Software-Defined Networking (SDN) Market: By Organization Size (SMEs and Large Enterprise), By Component (Hardware Component, Services and Software), By Application (SD-WAN, SD-LAN, Security Applications and Others), By Solution (Physical Network Infrastructure Solution, Network Virtualization and Automation Solution) and By End-User (Retail, IT & Telecommunication, Healthcare, BFSI, Industrial, Government and others) - Global Forecast till 2027
Software Defined Networking (SDN) Market Key Drivers, Size, Share, Trends, Growth, Future Scope Analysis and Forecast To 2027
Software Defined Networking (SDN) Market Key Drivers, Size, Share,
Trends, Growth, Future Scope Analysis and Forecast To 2027
Software-Defined Networking (SDN) Market: By Organization Size (SMEs
and Large Enterprise), By Component (Hardware Component, Services and
Software), By Application (SD-WAN, SD-LAN, Security Applications and
Others), By Solution (Physical Network Infrastructure Solution, Network
Virtualization and Automation Solution) and By End-User (Retail, IT &
Telecommunication, Healthcare, BFSI, Industrial, Government and others)
- Global Forecast till 2027
Overview
The software-defined networking (SDN) market is anticipated to witness healthy
growth from 2020 to 2027, a research report suggests. Growing at a CAGR of
42.41%, the market is projected to reach US$59 billion by 2027. Increase in
investments in software-defined networking is expected to support the market
growth along with network virtualization decreasing capital expenditure. As
predicted by analysts, concerns regarding safety and security will negatively
affect the market’s performance from 2020 to 2027. During the forecast period,
the market will be supported by the growing urbanization and high demand
across industry verticals. The growing threat from cyber-attacks on the other
hand will challenge network management sector based organizations functioning
in the global software-defined networking (SDN) market. Analysts have split the
market into end-user, application, component, organization size, and solution
segments based on products and services. Network management based
companies have been profiled.
The increasing demand for highly skilled professionals is set to affect the global
market during the forecast period 2020 to 2027. The report also provides the
market’s performance forecasts till 2027. Analysts have studied the strategy of
network management segment based organizations to help new entrants and
established businesses. The network management sector itself is supported by
increasing awareness levels as well as consumers aiming for more convenience.
During the forecast period 2020 to 2027, the software-defined networking (SDN)
market is set to witness a health growth across end-user, application,
component, organization size, and solution segments as well as regional
markets.
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Market Segmentation
The network management sector has seen growth across end-user, application,
component, organization size, and solution segments owing to the presence of
untapped market opportunities and the changing social behaviour. To study the
market, analysts have further segmented end-user, application, component,
organization size, and solution into SMEs and large enterprises on the basis of
organization size. The market is further segmented into the component sub
segment which is split into hardware components, services, and software.
Additionally, the software-defined networking (SDN) market on the basis of
application is segmented into SD-WAN, SD-LAN, security applications, and
others. The market is further segmented into solution sub segment which is split
into physical network infrastructure solution, network virtualization, and
automation solution. Additionally, the software-defined networking (SDN) market
on the basis of end-user is segmented into retail, IT & telecommunication,
healthcare, BFSI, industrial, government, and others.
The segmental analysis presented in the report provides network management field based organizations
insights into key growth factors such as the growing application areas as well as challenges such as the
lack of investments from major companies the market will face from 2020 to 2027. Increasing adoption of
IoT and the rapidly growing population are some of the key factors having an influence on network
management industry based companies, suggest analysts as per the software-defined networking (SDN)
market report. But the report also identifies the lack of awareness and dynamic policies and regulations
as major threats companies in network management will face till 2027.
Regional Overview
Network management market based companies in the software-defined networking (SDN) market are
functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest
of the world. The growing application areas will be a key growth driver for regional markets. However,
the lack of developed infrastructure will turn out to be a threat. For the forecast period 2018 to 2023
each of these regional markets are studied in the report. Starting from North America, the regional
market and network management vertical based companies are spread across the United States,
Canada, and Mexico. Demand and supply gaps will turn out to be a major challenge from 2018 to 2023.
Parts of the European market covered in the report are regional markets spread across the United
Kingdom, France, Italy, and Germany. The market in the region will be benefitted by favorable
government policies as well as technological advancements, suggests the report. Similarly, the
network management sector’s segmental analysis for the Asia Pacific region covers India, Japan,
China, and others. For the rest of the world, the research report for the software-defined networking
(SDN) market covers the Middle East and Africa. Forecast based on the report’s findings are presented
for the forecast period till 2027.
Competitive Landscape
The global software-defined networking (SDN) market research report brings a
comprehensive study of end-user, application, component, organization size, and
solution market segments, regional analysis, and network management vertical
based company details of key players. As the forecast period 2018 to 2023 will
bring new opportunities for the market owing to the increasing preference of
consumers and the growth of communication channels, the market is set to grow
at a compound annual growth rate of 42.41% and is predicted to reach a value of
US$59 billion by 2023. With SWOT analysis of network management sector
based companies and Porter’s Five Force model analysis based findings, and
understanding challenges such as the lack of investments and the lack of demand
from certain regional markets, companies in the network management sector can
change the way business is done.
Industry News
Big Switch Networks Inc., an early player in the software-defined networking
industry that earned more than $120 million from investors such as Khosla
Ventures, has been acquired by Arista Networks Inc. The deal's terms were not
revealed when Arista confirmed it on Thursday afternoon. Arista is a major leader in
the enterprise networking industry, offering routers, Wi-Fi access points, and other
associated hardware, as well as management tools. The startup's reporting
capabilities have especially piqued Arista's interest. Big Switch offers a pair of
software solutions that enable administrators to monitor their companies' networks
from a single location and identify possible problems.
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